H4Z1.DE vs. EMKX.DE
H4Z1.DE (HSBC Emerging Market Sustainable Equity UCITS ETF USD) and EMKX.DE (BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF) are both Emerging Markets Equities funds - H4Z1.DE tracks the FTSE Emerging ESG Low Carbon Select while EMKX.DE tracks the MSCI Emerging Markets ESG Filtered Min TE. Both are passively managed. Over the past 5 years, H4Z1.DE returned 7.17%/yr vs 7.82%/yr for EMKX.DE. Their correlation of 0.94 suggests significant overlap in exposure. H4Z1.DE charges 0.18%/yr vs 0.26%/yr for EMKX.DE.
Performance
H4Z1.DE vs. EMKX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4Z1.DE achieves a 16.02% return, which is significantly lower than EMKX.DE's 26.91% return.
H4Z1.DE
- 1D
- -0.86%
- 1M
- 0.82%
- YTD
- 16.02%
- 6M
- 14.48%
- 1Y
- 33.76%
- 3Y*
- 17.28%
- 5Y*
- 7.17%
- 10Y*
- —
EMKX.DE
- 1D
- -1.49%
- 1M
- 3.66%
- YTD
- 26.91%
- 6M
- 27.47%
- 1Y
- 47.96%
- 3Y*
- 20.45%
- 5Y*
- 7.82%
- 10Y*
- —
H4Z1.DE vs. EMKX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
H4Z1.DE HSBC Emerging Market Sustainable Equity UCITS ETF USD | 16.02% | 14.83% | 22.34% | 0.83% | -12.35% | 8.61% | 12.24% |
EMKX.DE BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF | 26.91% | 18.66% | 14.62% | 4.95% | -15.64% | 4.35% | 14.54% |
Correlation
The correlation between H4Z1.DE and EMKX.DE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2020 | 0.94 |
The correlation between H4Z1.DE and EMKX.DE has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
H4Z1.DE vs. EMKX.DE — Risk / Return Rank
H4Z1.DE
EMKX.DE
H4Z1.DE vs. EMKX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Emerging Market Sustainable Equity UCITS ETF USD (H4Z1.DE) and BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF (EMKX.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| H4Z1.DE | EMKX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.49 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 4.43 | -0.71 |
| Martin ratioReturn relative to average drawdown | 13.07 | 16.29 | -3.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| H4Z1.DE | EMKX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 2.73 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.46 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.48 | +0.15 |
Drawdowns
H4Z1.DE vs. EMKX.DE - Drawdown Comparison
The maximum H4Z1.DE drawdown since its inception was -22.16%, smaller than the maximum EMKX.DE drawdown of -31.68%. Use the drawdown chart below to compare losses from any high point for H4Z1.DE and EMKX.DE.
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Drawdown Indicators
| H4Z1.DE | EMKX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.16% | -31.68% | +9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.18% | -10.98% | +1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -19.53% | -19.38% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -20.44% | -25.29% | +4.85% |
Current DrawdownCurrent decline from peak | -2.40% | -2.57% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -8.60% | -9.46% | +0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.99% | -0.37% |
Volatility
H4Z1.DE vs. EMKX.DE - Volatility Comparison
The current volatility for HSBC Emerging Market Sustainable Equity UCITS ETF USD (H4Z1.DE) is 5.70%, while BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF (EMKX.DE) has a volatility of 7.51%. This indicates that H4Z1.DE experiences smaller price fluctuations and is considered to be less risky than EMKX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4Z1.DE | EMKX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 7.51% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 12.47% | 15.21% | -2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.94% | 17.88% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 16.83% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.17% | 18.30% | -2.13% |
H4Z1.DE vs. EMKX.DE - Expense Ratio Comparison
H4Z1.DE has a 0.18% expense ratio, which is lower than EMKX.DE's 0.26% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
H4Z1.DE vs. EMKX.DE - Dividend Comparison
Neither H4Z1.DE nor EMKX.DE has paid dividends to shareholders.
Frequently Asked Questions
H4Z1.DE and EMKX.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4Z1.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4Z1.DE is cheaper with a 0.18% expense ratio, compared with 0.26% for EMKX.DE.
H4Z1.DE tracks FTSE Emerging ESG Low Carbon Select, while EMKX.DE tracks MSCI Emerging Markets ESG Filtered Min TE. They also come from different issuers: HSBC and BNP Paribas. Their fees differ too: 0.18% for H4Z1.DE and 0.26% for EMKX.DE.
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