HDEM.L vs. EXSH.DE
HDEM.L (Invesco FTSE EM High Dividend Low Volatility UCITS ETF) and EXSH.DE (iShares STOXX Europe Select Dividend 30 UCITS ETF (DE)) are both exchange-traded funds - HDEM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while EXSH.DE is a Europe Equities fund tracking the STOXX® Europe Select Dividend 30. Both are passively managed. Over the past 10 years, HDEM.L returned 8.19%/yr vs 11.38%/yr for EXSH.DE. At a 0.45 correlation, their price movements are largely independent. HDEM.L charges 0.49%/yr vs 0.32%/yr for EXSH.DE.
Performance
HDEM.L vs. EXSH.DE - Performance Comparison
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Different Trading Currencies
HDEM.L is traded in GBp, while EXSH.DE is traded in EUR. To make them comparable, the EXSH.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, HDEM.L achieves a 8.36% return, which is significantly lower than EXSH.DE's 13.07% return. Over the past 10 years, HDEM.L has underperformed EXSH.DE with an annualized return of 8.19%, while EXSH.DE has yielded a comparatively higher 11.38% annualized return.
HDEM.L
- 1D
- -0.50%
- 1M
- -2.19%
- YTD
- 8.36%
- 6M
- 6.78%
- 1Y
- 25.44%
- 3Y*
- 12.01%
- 5Y*
- 6.83%
- 10Y*
- 8.19%
EXSH.DE
- 1D
- 0.59%
- 1M
- 4.27%
- YTD
- 13.07%
- 6M
- 17.93%
- 1Y
- 35.99%
- 3Y*
- 23.59%
- 5Y*
- 12.94%
- 10Y*
- 11.38%
HDEM.L vs. EXSH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDEM.L Invesco FTSE EM High Dividend Low Volatility UCITS ETF | 8.36% | 18.32% | 3.92% | 3.74% | -6.39% | 15.10% | -10.00% | 11.46% | -1.01% | 16.23% |
EXSH.DE iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | 13.07% | 52.48% | 1.11% | 8.66% | -4.99% | 14.84% | -4.54% | 21.09% | -3.52% | 9.71% |
Correlation
The correlation between HDEM.L and EXSH.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2016 | 0.45 |
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Return for Risk
HDEM.L vs. EXSH.DE — Risk / Return Rank
HDEM.L
EXSH.DE
HDEM.L vs. EXSH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE EM High Dividend Low Volatility UCITS ETF (HDEM.L) and iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) (EXSH.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.
| HDEM.L | EXSH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.55 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 4.62 | +0.18 |
| Martin ratioReturn relative to average drawdown | 13.83 | 16.40 | -2.57 |
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
| HDEM.L | EXSH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 3.06 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.87 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.68 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.28 | +0.26 |
Drawdowns
HDEM.L vs. EXSH.DE - Drawdown Comparison
The maximum HDEM.L drawdown since its inception was -32.18%, smaller than the maximum EXSH.DE drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for HDEM.L and EXSH.DE.
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Drawdown Indicators
| HDEM.L | EXSH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.18% | -58.65% | +26.47% |
Max Drawdown (1Y)Largest decline over 1 year | -5.28% | -7.76% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -12.22% | -12.57% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -18.05% | -19.72% | +1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -32.18% | -34.03% | +1.85% |
Current DrawdownCurrent decline from peak | -3.70% | -1.52% | -2.18% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -15.64% | +8.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.19% | -0.36% |
Volatility
HDEM.L vs. EXSH.DE - Volatility Comparison
The current volatility for Invesco FTSE EM High Dividend Low Volatility UCITS ETF (HDEM.L) is 2.93%, while iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) (EXSH.DE) has a volatility of 3.73%. This indicates that HDEM.L experiences smaller price fluctuations and is considered to be less risky than EXSH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDEM.L | EXSH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 3.73% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 7.52% | 9.68% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.18% | 11.71% | -1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.51% | 14.65% | -1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.82% | 16.70% | -0.88% |
HDEM.L vs. EXSH.DE - Expense Ratio Comparison
HDEM.L has a 0.49% expense ratio, which is higher than EXSH.DE's 0.32% expense ratio.
Dividends
HDEM.L vs. EXSH.DE - Dividend Comparison
HDEM.L's dividend yield for the trailing twelve months is around 4.86%, more than EXSH.DE's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSH.DE iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | 4.47% | 5.15% | 5.86% | 6.39% | 6.06% | 3.77% | 3.58% | 4.50% | 4.42% | 5.03% | 4.99% | 3.96% |
HDEM.L Invesco FTSE EM High Dividend Low Volatility UCITS ETF | 4.86% | 5.17% | 5.62% | 6.08% | 8.93% | 5.96% | 4.31% | 5.23% | 5.37% | 6.81% | 2.78% | 0.00% |
Frequently Asked Questions
HDEM.L and EXSH.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXSH.DE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXSH.DE is cheaper with a 0.32% expense ratio, compared with 0.49% for HDEM.L.
HDEM.L is categorized as Emerging Markets Equities, while EXSH.DE is Europe Equities. HDEM.L tracks MSCI EM NR USD, while EXSH.DE tracks STOXX® Europe Select Dividend 30. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.49% for HDEM.L and 0.32% for EXSH.DE.
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