HAGHY vs. IEMG
HAGHY (Hensoldt AG) is a stock, while IEMG (iShares Core MSCI Emerging Markets ETF) is Emerging Markets Diversified fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net). Over the past 3 years, HAGHY returned -22.30%/yr vs 18.63%/yr for IEMG. At a 0.10 correlation, their price movements are largely independent.
Performance
HAGHY vs. IEMG - Performance Comparison
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Returns By Period
In the year-to-date period, HAGHY achieves a -80.71% return, which is significantly lower than IEMG's 17.13% return.
HAGHY
- 1D
- -1.54%
- 1M
- 1.22%
- 6M
- -83.99%
- YTD
- -80.71%
- 1Y
- -85.89%
- 3Y*
- -22.30%
- 5Y*
- —
- 10Y*
- —
IEMG
- 1D
- -1.97%
- 1M
- -6.06%
- 6M
- 10.62%
- YTD
- 17.13%
- 1Y
- 31.69%
- 3Y*
- 18.63%
- 5Y*
- 6.68%
- 10Y*
- 8.90%
HAGHY vs. IEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HAGHY Hensoldt AG | -80.71% | 144.40% | 31.10% | 15.83% | -17.04% |
IEMG iShares Core MSCI Emerging Markets ETF | 17.13% | 32.56% | 6.50% | 11.52% | -15.09% |
Correlation
The correlation between HAGHY and IEMG is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2022 | 0.10 |
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Return for Risk
HAGHY vs. IEMG — Risk / Return Rank
HAGHY
IEMG
HAGHY vs. IEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hensoldt AG (HAGHY) and iShares Core MSCI Emerging Markets ETF (IEMG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HAGHY | IEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.27 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 2.41 | -3.37 |
| Martin ratioReturn relative to average drawdown | -1.56 | 8.05 | -9.61 |
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Drawdowns
HAGHY vs. IEMG - Drawdown Comparison
The maximum HAGHY drawdown since its inception was -89.20%, which is greater than IEMG's maximum drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for HAGHY and IEMG.
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Drawdown Indicators
| HAGHY | IEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.20% | -38.71% | -50.49% |
Max Drawdown (1Y)Largest decline over 1 year | -89.20% | -13.21% | -75.99% |
Max Drawdown (3Y)Largest decline over 3 years | -89.20% | -17.21% | -71.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.71% | — |
Current DrawdownCurrent decline from peak | -87.60% | -9.17% | -78.43% |
Average DrawdownAverage peak-to-trough decline | -25.04% | -12.90% | -12.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.96% | 3.95% | +51.01% |
Volatility
HAGHY vs. IEMG - Volatility Comparison
Hensoldt AG (HAGHY) has a higher volatility of 17.74% compared to iShares Core MSCI Emerging Markets ETF (IEMG) at 9.60%. This indicates that HAGHY's price experiences larger fluctuations and is considered to be riskier than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAGHY | IEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.74% | 9.60% | +8.14% |
Volatility (6M)Calculated over the trailing 6-month period | 172.00% | 21.04% | +150.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 98.45% | 22.96% | +75.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.76% | 19.18% | +49.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.76% | 20.23% | +48.53% |
Dividends
HAGHY vs. IEMG - Dividend Comparison
HAGHY's dividend yield for the trailing twelve months is around 0.78%, less than IEMG's 2.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAGHY Hensoldt AG | 0.78% | 0.63% | 1.20% | 1.19% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.30% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
Frequently Asked Questions
HAGHY and IEMG have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HAGHY has higher volatility (17.74%) compared to IEMG (9.60%). In terms of maximum drawdown, HAGHY dropped -89.20% vs IEMG's -38.71%.
IEMG currently has the higher Sharpe Ratio (1.39 vs -0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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