HEMC.L vs. AEME.L
HEMC.L (HSBC MSCI Emerging Markets UCITS ETF USD (Acc)) and AEME.L (Amundi Index MSCI Emerging Markets UCITS ETF DR (C)) are both Emerging Markets Equities funds tracking the MSCI EM NR USD, from HSBC and Amundi respectively. Both are passively managed. Over the past 3 years, HEMC.L returned 20.54%/yr vs 20.90%/yr for AEME.L. Their correlation of 0.93 suggests significant overlap in exposure. HEMC.L charges 0.15%/yr vs 0.20%/yr for AEME.L.
Performance
HEMC.L vs. AEME.L - Performance Comparison
Loading charts...
Different Trading Currencies
HEMC.L is traded in GBP, while AEME.L is traded in USD. To make them comparable, the AEME.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with HEMC.L having a 26.32% return and AEME.L slightly higher at 26.87%.
HEMC.L
- 1D
- -1.65%
- 1M
- 6.49%
- YTD
- 26.32%
- 6M
- 28.17%
- 1Y
- 54.26%
- 3Y*
- 20.54%
- 5Y*
- —
- 10Y*
- —
AEME.L
- 1D
- -1.56%
- 1M
- 6.71%
- YTD
- 26.87%
- 6M
- 28.20%
- 1Y
- 54.60%
- 3Y*
- 20.90%
- 5Y*
- 8.48%
- 10Y*
- —
HEMC.L vs. AEME.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HEMC.L HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 26.32% | 24.74% | 8.89% | 2.36% | -2.34% |
AEME.L Amundi Index MSCI Emerging Markets UCITS ETF DR (C) | 26.87% | 25.33% | 8.58% | 2.99% | -2.91% |
Correlation
The correlation between HEMC.L and AEME.L is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.93 |
The correlation between HEMC.L and AEME.L has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HEMC.L vs. AEME.L — Risk / Return Rank
HEMC.L
AEME.L
HEMC.L vs. AEME.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (HEMC.L) and Amundi Index MSCI Emerging Markets UCITS ETF DR (C) (AEME.L). 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.
| HEMC.L | AEME.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.55 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.98 | 4.92 | +0.07 |
| Martin ratioReturn relative to average drawdown | 17.55 | 16.69 | +0.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HEMC.L | AEME.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.19 | 2.97 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.43 | +0.53 |
Drawdowns
HEMC.L vs. AEME.L - Drawdown Comparison
The maximum HEMC.L drawdown since its inception was -15.14%, smaller than the maximum AEME.L drawdown of -27.77%. Use the drawdown chart below to compare losses from any high point for HEMC.L and AEME.L.
Loading charts...
Drawdown Indicators
| HEMC.L | AEME.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.14% | -27.77% | +12.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.83% | -11.06% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -15.14% | -15.44% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.16% | — |
Current DrawdownCurrent decline from peak | -2.51% | -2.39% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -12.58% | +8.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 3.26% | -0.18% |
Volatility
HEMC.L vs. AEME.L - Volatility Comparison
The current volatility for HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (HEMC.L) is 7.44%, while Amundi Index MSCI Emerging Markets UCITS ETF DR (C) (AEME.L) has a volatility of 8.00%. This indicates that HEMC.L experiences smaller price fluctuations and is considered to be less risky than AEME.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HEMC.L | AEME.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 8.00% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 15.69% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.93% | 18.30% | -1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.44% | 17.11% | -1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 17.15% | -1.71% |
HEMC.L vs. AEME.L - Expense Ratio Comparison
HEMC.L has a 0.15% expense ratio, which is lower than AEME.L's 0.20% 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
HEMC.L vs. AEME.L - Dividend Comparison
Neither HEMC.L nor AEME.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, HEMC.L and AEME.L 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, HEMC.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HEMC.L is cheaper with a 0.15% expense ratio, compared with 0.20% for AEME.L.
Both ETFs track MSCI EM NR USD. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.15% for HEMC.L and 0.20% for AEME.L.
Find the right allocation for HEMC.L and AEME.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer