H4Z1.DE vs. EUNY.DE
H4Z1.DE (HSBC Emerging Market Sustainable Equity UCITS ETF USD) and EUNY.DE (iShares Emerging Markets Dividend UCITS ETF) are both Emerging Markets Equities funds - H4Z1.DE tracks the FTSE Emerging ESG Low Carbon Select while EUNY.DE tracks the Dow Jones Emerging Markets Select Dividend. Both are passively managed. Over the past 5 years, H4Z1.DE returned 7.17%/yr vs 5.28%/yr for EUNY.DE. A 0.72 correlation means they provide meaningful diversification when combined. H4Z1.DE charges 0.18%/yr vs 0.65%/yr for EUNY.DE.
Performance
H4Z1.DE vs. EUNY.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 higher than EUNY.DE's 11.46% 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*
- —
EUNY.DE
- 1D
- -0.55%
- 1M
- -2.26%
- YTD
- 11.46%
- 6M
- 11.18%
- 1Y
- 25.40%
- 3Y*
- 17.26%
- 5Y*
- 5.28%
- 10Y*
- 7.14%
H4Z1.DE vs. EUNY.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% |
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 11.46% | 13.97% | 12.39% | 15.37% | -26.13% | 19.99% | 18.92% |
Correlation
The correlation between H4Z1.DE and EUNY.DE is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2020 | 0.72 |
The correlation between H4Z1.DE and EUNY.DE has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.
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Return for Risk
H4Z1.DE vs. EUNY.DE — Risk / Return Rank
H4Z1.DE
EUNY.DE
H4Z1.DE vs. EUNY.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 iShares Emerging Markets Dividend UCITS ETF (EUNY.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 | EUNY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.38 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 6.17 | -2.45 |
| Martin ratioReturn relative to average drawdown | 13.07 | 16.86 | -3.78 |
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 | EUNY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 2.13 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.34 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.22 | +0.41 |
Drawdowns
H4Z1.DE vs. EUNY.DE - Drawdown Comparison
The maximum H4Z1.DE drawdown since its inception was -22.16%, smaller than the maximum EUNY.DE drawdown of -40.65%. Use the drawdown chart below to compare losses from any high point for H4Z1.DE and EUNY.DE.
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Drawdown Indicators
| H4Z1.DE | EUNY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.16% | -40.65% | +18.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.18% | -4.11% | -5.07% |
Max Drawdown (3Y)Largest decline over 3 years | -19.53% | -15.70% | -3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -20.44% | -31.43% | +10.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.29% | — |
Current DrawdownCurrent decline from peak | -2.40% | -2.82% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -8.60% | -12.34% | +3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 1.51% | +1.11% |
Volatility
H4Z1.DE vs. EUNY.DE - Volatility Comparison
HSBC Emerging Market Sustainable Equity UCITS ETF USD (H4Z1.DE) has a higher volatility of 5.70% compared to iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) at 4.52%. This indicates that H4Z1.DE's price experiences larger fluctuations and is considered to be riskier than EUNY.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 | EUNY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 4.52% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 12.47% | 9.70% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.94% | 11.90% | +4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 15.58% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.17% | 16.73% | -0.56% |
H4Z1.DE vs. EUNY.DE - Expense Ratio Comparison
H4Z1.DE has a 0.18% expense ratio, which is lower than EUNY.DE's 0.65% expense ratio.
Dividends
H4Z1.DE vs. EUNY.DE - Dividend Comparison
H4Z1.DE has not paid dividends to shareholders, while EUNY.DE's dividend yield for the trailing twelve months is around 5.32%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 5.32% | 5.82% | 7.72% | 8.04% | 9.56% | 6.35% | 5.09% | 5.57% | 5.65% | 4.09% | 4.35% | 6.37% |
H4Z1.DE HSBC Emerging Market Sustainable Equity UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
H4Z1.DE and EUNY.DE have a correlation of 0.69, 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 0.65% for EUNY.DE.
H4Z1.DE tracks FTSE Emerging ESG Low Carbon Select, while EUNY.DE tracks Dow Jones Emerging Markets Select Dividend. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.18% for H4Z1.DE and 0.65% for EUNY.DE.
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