HEMC.L vs. VFEG.L
Compare and contrast key facts about HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (HEMC.L) and Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.L).
HEMC.L and VFEG.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. VFEG.L is a passively managed fund by Vanguard that tracks the performance of the MSCI EM NR USD. It was launched on Sep 24, 2019. Both HEMC.L and VFEG.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. VFEG.L - Performance Comparison
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HEMC.L vs. VFEG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HEMC.L HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 4.91% | 24.74% | 8.89% | 2.36% | -2.34% |
VFEG.L Vanguard FTSE Emerging Markets UCITS ETF Acc | 1.38% | 17.15% | 14.13% | 1.28% | -2.72% |
Returns By Period
In the year-to-date period, HEMC.L achieves a 4.91% return, which is significantly higher than VFEG.L's 1.38% return.
HEMC.L
- 1D
- -1.18%
- 1M
- -3.05%
- YTD
- 4.91%
- 6M
- 7.68%
- 1Y
- 33.54%
- 3Y*
- 13.15%
- 5Y*
- —
- 10Y*
- —
VFEG.L
- 1D
- -0.62%
- 1M
- -1.92%
- YTD
- 1.38%
- 6M
- 1.52%
- 1Y
- 22.57%
- 3Y*
- 11.07%
- 5Y*
- 4.41%
- 10Y*
- —
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HEMC.L vs. VFEG.L - Expense Ratio Comparison
HEMC.L has a 0.15% expense ratio, which is lower than VFEG.L's 0.22% 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%.
Return for Risk
HEMC.L vs. VFEG.L — Risk / Return Rank
HEMC.L
VFEG.L
HEMC.L vs. VFEG.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 Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.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 | VFEG.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.77 | 1.26 | +0.51 |
Sortino ratioReturn per unit of downside risk | 2.30 | 1.69 | +0.61 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.24 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 3.10 | 2.51 | +0.59 |
Martin ratioReturn relative to average drawdown | 11.14 | 8.33 | +2.81 |
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 | VFEG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 1.26 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.36 | +0.30 |
Correlation
The correlation between HEMC.L and VFEG.L is 0.97, 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. VFEG.L - Dividend Comparison
Neither HEMC.L nor VFEG.L has paid dividends to shareholders.
Drawdowns
HEMC.L vs. VFEG.L - Drawdown Comparison
The maximum HEMC.L drawdown since its inception was -15.14%, smaller than the maximum VFEG.L drawdown of -25.35%. Use the drawdown chart below to compare losses from any high point for HEMC.L and VFEG.L.
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Drawdown Indicators
| HEMC.L | VFEG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.14% | -25.35% | +10.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.83% | -8.99% | -1.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.47% | — |
Current DrawdownCurrent decline from peak | -8.63% | -6.66% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -9.01% | +4.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.71% | +0.30% |
Volatility
HEMC.L vs. VFEG.L - Volatility Comparison
HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (HEMC.L) has a higher volatility of 7.00% compared to Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.L) at 5.50%. This indicates that HEMC.L's price experiences larger fluctuations and is considered to be riskier than VFEG.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 | VFEG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.00% | 5.50% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 12.71% | 10.78% | +1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.71% | 15.12% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 15.10% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.93% | 17.45% | -2.52% |