HMEF.L vs. HPRD.L
HMEF.L (HSBC MSCI Emerging Markets UCITS ETF USD) and HPRD.L (HSBC FTSE EPRA NAREIT Developed UCITS ETF) are both exchange-traded funds - HMEF.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while HPRD.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 10 years, HMEF.L returned 44.27%/yr vs 2.51%/yr for HPRD.L. At a 0.50 correlation, their price movements are largely independent. HMEF.L charges 0.15%/yr vs 0.24%/yr for HPRD.L.
Performance
HMEF.L vs. HPRD.L - Performance Comparison
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Different Trading Currencies
HMEF.L is traded in GBp, while HPRD.L is traded in USD. To make them comparable, the HPRD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, HMEF.L achieves a 16.22% return, which is significantly higher than HPRD.L's 13.34% return. Over the past 10 years, HMEF.L has outperformed HPRD.L with an annualized return of 44.27%, while HPRD.L has yielded a comparatively lower 2.51% annualized return.
HMEF.L
- 1D
- -1.88%
- 1M
- -10.10%
- 6M
- 9.60%
- YTD
- 16.22%
- 1Y
- 31.37%
- 3Y*
- 17.73%
- 5Y*
- 6.66%
- 10Y*
- 44.27%
HPRD.L
- 1D
- 1.13%
- 1M
- 2.83%
- 6M
- 9.18%
- YTD
- 13.34%
- 1Y
- 17.95%
- 3Y*
- 8.98%
- 5Y*
- 2.37%
- 10Y*
- 2.51%
HMEF.L vs. HPRD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMEF.L HSBC MSCI Emerging Markets UCITS ETF USD | 16.22% | 24.56% | 9.08% | 2.44% | -10.01% | -2.27% | 14.81% | 12.75% | -9.63% | 101.42% |
HPRD.L HSBC FTSE EPRA NAREIT Developed UCITS ETF | 13.34% | 3.01% | 1.56% | 5.33% | -15.80% | 27.62% | -11.58% | 15.51% | -3.01% | -1.09% |
Correlation
The correlation between HMEF.L and HPRD.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2011 | 0.50 |
Over the past year, the correlation between HMEF.L and HPRD.L has dropped to 0.20 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
HMEF.L vs. HPRD.L — Risk / Return Rank
HMEF.L
HPRD.L
HMEF.L vs. HPRD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Emerging Markets UCITS ETF USD (HMEF.L) and HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HMEF.L | HPRD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 2.07 | +0.46 |
| Martin ratioReturn relative to average drawdown | 8.20 | 6.93 | +1.27 |
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Drawdowns
HMEF.L vs. HPRD.L - Drawdown Comparison
The maximum HMEF.L drawdown since its inception was -27.33%, smaller than the maximum HPRD.L drawdown of -34.71%. Use the drawdown chart below to compare losses from any high point for HMEF.L and HPRD.L.
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Drawdown Indicators
| HMEF.L | HPRD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.33% | -34.71% | +7.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.30% | -8.61% | -3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -15.16% | -17.01% | +1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -21.86% | -26.80% | +4.94% |
Max Drawdown (10Y)Largest decline over 10 years | -27.33% | -34.71% | +7.38% |
Current DrawdownCurrent decline from peak | -12.30% | 0.00% | -12.30% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -9.40% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 2.58% | +1.23% |
Volatility
HMEF.L vs. HPRD.L - Volatility Comparison
HSBC MSCI Emerging Markets UCITS ETF USD (HMEF.L) has a higher volatility of 8.37% compared to HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.L) at 4.36%. This indicates that HMEF.L's price experiences larger fluctuations and is considered to be riskier than HPRD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMEF.L | HPRD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.37% | 4.36% | +4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 17.64% | 10.31% | +7.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.72% | 12.33% | +7.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 15.12% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 142.54% | 16.08% | +126.46% |
HMEF.L vs. HPRD.L - Expense Ratio Comparison
HMEF.L has a 0.15% expense ratio, which is lower than HPRD.L's 0.24% 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
HMEF.L vs. HPRD.L - Dividend Comparison
HMEF.L's dividend yield for the trailing twelve months is around 1.75%, less than HPRD.L's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMEF.L HSBC MSCI Emerging Markets UCITS ETF USD | 1.75% | 1.98% | 2.43% | 2.58% | 2.99% | 2.01% | 1.66% | 2.11% | 2.14% | 37.43% | 168.62% | 225.12% |
HPRD.L HSBC FTSE EPRA NAREIT Developed UCITS ETF | 2.88% | 3.17% | 3.39% | 3.35% | 3.53% | 2.30% | 2.88% | 2.28% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HMEF.L and HPRD.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HMEF.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HMEF.L is cheaper with a 0.15% expense ratio, compared with 0.24% for HPRD.L.
HMEF.L is categorized as Emerging Markets Equities, while HPRD.L is REIT. HMEF.L tracks MSCI EM NR USD, while HPRD.L tracks FTSE EPRA Nareit Global TR USD. Their fees differ too: 0.15% for HMEF.L and 0.24% for HPRD.L.
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