H4Z3.DE vs. 5MVL.DE
H4Z3.DE (HSBC MSCI Emerging Markets UCITS ETF USD (Acc)) and 5MVL.DE (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) are both Emerging Markets Equities funds - H4Z3.DE tracks the MSCI Emerging Markets while 5MVL.DE tracks the MSCI Emerging Markets Select Value Factor Focus. Both are passively managed. Over the past 3 years, H4Z3.DE returned 20.42%/yr vs 33.99%/yr for 5MVL.DE. Their correlation of 0.90 suggests significant overlap in exposure. H4Z3.DE charges 0.15%/yr vs 0.40%/yr for 5MVL.DE.
Performance
H4Z3.DE vs. 5MVL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4Z3.DE achieves a 27.75% return, which is significantly lower than 5MVL.DE's 45.83% return.
H4Z3.DE
- 1D
- -1.67%
- 1M
- 3.67%
- YTD
- 27.75%
- 6M
- 28.22%
- 1Y
- 49.05%
- 3Y*
- 20.42%
- 5Y*
- —
- 10Y*
- —
5MVL.DE
- 1D
- -2.48%
- 1M
- 9.31%
- YTD
- 45.83%
- 6M
- 46.38%
- 1Y
- 81.35%
- 3Y*
- 33.99%
- 5Y*
- 17.27%
- 10Y*
- —
H4Z3.DE vs. 5MVL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H4Z3.DE HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 27.75% | 18.60% | 13.73% | 4.66% | -6.26% |
5MVL.DE iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 45.83% | 27.25% | 21.00% | 14.58% | -3.05% |
Correlation
The correlation between H4Z3.DE and 5MVL.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.90 |
The correlation between H4Z3.DE and 5MVL.DE has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
H4Z3.DE vs. 5MVL.DE — Risk / Return Rank
H4Z3.DE
5MVL.DE
H4Z3.DE vs. 5MVL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (H4Z3.DE) and iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.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.
| H4Z3.DE | 5MVL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.73 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.77 | 8.86 | -4.10 |
| Martin ratioReturn relative to average drawdown | 17.12 | 28.83 | -11.71 |
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
| H4Z3.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 4.31 | -1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.83 | +0.08 |
Drawdowns
H4Z3.DE vs. 5MVL.DE - Drawdown Comparison
The maximum H4Z3.DE drawdown since its inception was -18.86%, smaller than the maximum 5MVL.DE drawdown of -32.25%. Use the drawdown chart below to compare losses from any high point for H4Z3.DE and 5MVL.DE.
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Drawdown Indicators
| H4Z3.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.86% | -32.25% | +13.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -9.30% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -18.86% | -19.15% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.60% | — |
Current DrawdownCurrent decline from peak | -2.73% | -3.88% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -6.27% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.87% | +0.05% |
Volatility
H4Z3.DE vs. 5MVL.DE - Volatility Comparison
The current volatility for HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (H4Z3.DE) is 7.35%, while iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.DE) has a volatility of 8.71%. This indicates that H4Z3.DE experiences smaller price fluctuations and is considered to be less risky than 5MVL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4Z3.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.35% | 8.71% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 14.91% | 15.83% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.54% | 19.13% | -1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.77% | 16.78% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 18.84% | -3.07% |
H4Z3.DE vs. 5MVL.DE - Expense Ratio Comparison
H4Z3.DE has a 0.15% expense ratio, which is lower than 5MVL.DE's 0.40% expense ratio.
Dividends
H4Z3.DE vs. 5MVL.DE - Dividend Comparison
Neither H4Z3.DE nor 5MVL.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, H4Z3.DE and 5MVL.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, H4Z3.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4Z3.DE is cheaper with a 0.15% expense ratio, compared with 0.40% for 5MVL.DE.
H4Z3.DE tracks MSCI Emerging Markets, while 5MVL.DE tracks MSCI Emerging Markets Select Value Factor Focus. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.15% for H4Z3.DE and 0.40% for 5MVL.DE.
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