HEMC.L vs. FEMD.L
Compare and contrast key facts about HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (HEMC.L) and Fidelity Emerging Markets Quality Income UCITS ETF (FEMD.L).
HEMC.L and FEMD.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEMC.L is a passively managed fund by HSBC that tracks the performance of the MSCI EM NR USD. It was launched on Jun 28, 2022. FEMD.L is a passively managed fund by Fidelity that tracks the performance of the MSCI EM NR USD. It was launched on Sep 9, 2019. Both HEMC.L and FEMD.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HEMC.L vs. FEMD.L - Performance Comparison
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HEMC.L vs. FEMD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HEMC.L HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 6.17% | 24.74% | 8.89% | 2.36% | -2.34% |
FEMD.L Fidelity Emerging Markets Quality Income UCITS ETF | 6.96% | 20.67% | 6.74% | 9.89% | -0.58% |
Returns By Period
In the year-to-date period, HEMC.L achieves a 6.17% return, which is significantly lower than FEMD.L's 6.96% return.
HEMC.L
- 1D
- 3.20%
- 1M
- -5.63%
- YTD
- 6.17%
- 6M
- 10.27%
- 1Y
- 30.61%
- 3Y*
- 13.42%
- 5Y*
- —
- 10Y*
- —
FEMD.L
- 1D
- 3.21%
- 1M
- -4.51%
- YTD
- 6.96%
- 6M
- 10.40%
- 1Y
- 28.92%
- 3Y*
- 13.81%
- 5Y*
- 5.27%
- 10Y*
- —
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HEMC.L vs. FEMD.L - Expense Ratio Comparison
HEMC.L has a 0.15% expense ratio, which is lower than FEMD.L's 0.50% expense ratio.
Return for Risk
HEMC.L vs. FEMD.L — Risk / Return Rank
HEMC.L
FEMD.L
HEMC.L vs. FEMD.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 Fidelity Emerging Markets Quality Income UCITS ETF (FEMD.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 | FEMD.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 1.94 | -0.11 |
Sortino ratioReturn per unit of downside risk | 2.37 | 2.60 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.88 | 3.30 | -0.41 |
Martin ratioReturn relative to average drawdown | 10.07 | 10.81 | -0.74 |
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
| HEMC.L | FEMD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.94 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.39 | +0.30 |
Correlation
The correlation between HEMC.L and FEMD.L is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HEMC.L vs. FEMD.L - Dividend Comparison
HEMC.L has not paid dividends to shareholders, while FEMD.L's dividend yield for the trailing twelve months is around 3.35%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HEMC.L HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FEMD.L Fidelity Emerging Markets Quality Income UCITS ETF | 3.35% | 3.48% | 3.76% | 3.69% | 3.99% | 3.27% | 2.62% | 0.37% |
Drawdowns
HEMC.L vs. FEMD.L - Drawdown Comparison
The maximum HEMC.L drawdown since its inception was -15.14%, smaller than the maximum FEMD.L drawdown of -27.55%. Use the drawdown chart below to compare losses from any high point for HEMC.L and FEMD.L.
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Drawdown Indicators
| HEMC.L | FEMD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.14% | -27.55% | +12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.83% | -10.46% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.26% | — |
Current DrawdownCurrent decline from peak | -7.53% | -5.99% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -8.43% | +4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.73% | +0.37% |
Volatility
HEMC.L vs. FEMD.L - Volatility Comparison
HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (HEMC.L) has a higher volatility of 7.02% compared to Fidelity Emerging Markets Quality Income UCITS ETF (FEMD.L) at 5.92%. This indicates that HEMC.L's price experiences larger fluctuations and is considered to be riskier than FEMD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEMC.L | FEMD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 5.92% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.65% | 10.65% | +2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.69% | 14.86% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.92% | 14.44% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.92% | 17.39% | -2.47% |