HMAF.L vs. HMEF.L
Compare and contrast key facts about HSBC MSCI AC Far East ex Japan UCITS ETF USD (HMAF.L) and HSBC MSCI Emerging Markets UCITS ETF USD (HMEF.L).
HMAF.L and HMEF.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HMAF.L is a passively managed fund by HSBC that tracks the performance of the MSCI AC Asia Ex Japan NR USD. It was launched on Sep 27, 2013. HMEF.L is a passively managed fund by HSBC that tracks the performance of the MSCI EM NR USD. It was launched on Sep 5, 2011. Both HMAF.L and HMEF.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
HMAF.L vs. HMEF.L - Performance Comparison
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HMAF.L vs. HMEF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMAF.L HSBC MSCI AC Far East ex Japan UCITS ETF USD | 8.96% | 31.76% | 13.79% | -3.80% | -12.60% | -7.57% | 21.71% | 13.88% | -10.05% | 29.41% |
HMEF.L HSBC MSCI Emerging Markets UCITS ETF USD | 6.17% | 24.55% | 9.08% | 2.44% | -10.01% | -2.27% | 14.81% | 12.74% | -9.63% | 25.68% |
Different Trading Currencies
HMAF.L is traded in GBP, while HMEF.L is traded in GBp. To make them comparable, the HMEF.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HMAF.L achieves a 8.96% return, which is significantly higher than HMEF.L's 6.17% return. Over the past 10 years, HMAF.L has outperformed HMEF.L with an annualized return of 9.46%, while HMEF.L has yielded a comparatively lower 8.82% annualized return.
HMAF.L
- 1D
- 3.70%
- 1M
- -5.75%
- YTD
- 8.96%
- 6M
- 12.66%
- 1Y
- 40.00%
- 3Y*
- 14.91%
- 5Y*
- 4.26%
- 10Y*
- 9.46%
HMEF.L
- 1D
- 3.24%
- 1M
- -5.62%
- YTD
- 6.17%
- 6M
- 10.21%
- 1Y
- 30.69%
- 3Y*
- 13.43%
- 5Y*
- 4.84%
- 10Y*
- 8.82%
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HMAF.L vs. HMEF.L - Expense Ratio Comparison
HMAF.L has a 0.45% expense ratio, which is higher than HMEF.L's 0.15% expense ratio.
Return for Risk
HMAF.L vs. HMEF.L — Risk / Return Rank
HMAF.L
HMEF.L
HMAF.L vs. HMEF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI AC Far East ex Japan UCITS ETF USD (HMAF.L) and HSBC MSCI Emerging Markets UCITS ETF USD (HMEF.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.
| HMAF.L | HMEF.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.09 | 1.83 | +0.25 |
Sortino ratioReturn per unit of downside risk | 2.67 | 2.37 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 3.85 | 2.84 | +1.01 |
Martin ratioReturn relative to average drawdown | 12.13 | 10.08 | +2.05 |
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
| HMAF.L | HMEF.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 1.83 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.31 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.50 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.33 | +0.12 |
Correlation
The correlation between HMAF.L and HMEF.L is 0.95, 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
HMAF.L vs. HMEF.L - Dividend Comparison
HMAF.L has not paid dividends to shareholders, while HMEF.L's dividend yield for the trailing twelve months is around 1.97%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMAF.L HSBC MSCI AC Far East ex Japan UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.59% |
HMEF.L HSBC MSCI Emerging Markets UCITS ETF USD | 1.97% | 1.98% | 2.43% | 2.58% | 2.99% | 2.01% | 1.66% | 2.11% | 2.14% | 1.61% | 1.69% | 2.25% |
Drawdowns
HMAF.L vs. HMEF.L - Drawdown Comparison
The maximum HMAF.L drawdown since its inception was -39.58%, which is greater than HMEF.L's maximum drawdown of -31.72%. Use the drawdown chart below to compare losses from any high point for HMAF.L and HMEF.L.
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Drawdown Indicators
| HMAF.L | HMEF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.58% | -31.72% | -7.86% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -11.07% | -2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -34.56% | -23.78% | -10.78% |
Max Drawdown (10Y)Largest decline over 10 years | -39.58% | -27.33% | -12.25% |
Current DrawdownCurrent decline from peak | -7.31% | -7.68% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -10.09% | -2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 3.12% | +0.25% |
Volatility
HMAF.L vs. HMEF.L - Volatility Comparison
HSBC MSCI AC Far East ex Japan UCITS ETF USD (HMAF.L) and HSBC MSCI Emerging Markets UCITS ETF USD (HMEF.L) have volatilities of 7.52% and 7.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMAF.L | HMEF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.52% | 7.28% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.74% | 12.74% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.12% | 16.71% | +2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.58% | 15.80% | +2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.74% | 17.71% | +1.03% |