HMEF.L vs. SDIP.L

Last updated Jun 25, 2026

HMEF.L (HSBC MSCI Emerging Markets UCITS ETF USD) and SDIP.L (Global X SuperDividend UCITS ETF USD Distributing) are both exchange-traded funds - HMEF.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while SDIP.L is a Dividend fund tracking the Solactive Global SuperDividend Index. Both are passively managed. Over the past 3 years, HMEF.L returned 21.65%/yr vs 12.77%/yr for SDIP.L. A 0.57 correlation means they provide meaningful diversification when combined. HMEF.L charges 0.15%/yr vs 0.45%/yr for SDIP.L.

Performance

HMEF.L vs. SDIP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC MSCI Emerging Markets UCITS ETF USD (HMEF.L) and Global X SuperDividend UCITS ETF USD Distributing (SDIP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HMEF.L is traded in GBp, while SDIP.L is traded in GBP. To make them comparable, the SDIP.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 26.72% return, which is significantly higher than SDIP.L's 7.54% return.

HMEF.L

• 1D: 0.27%
• 1M: 4.34%
• YTD: 26.72%
• 6M: 28.35%
• 1Y: 49.65%
• 3Y*: 21.65%
• 5Y*: 8.07%
• 10Y*: 47.23%

SDIP.L

• 1D: 0.80%
• 1M: -0.66%
• YTD: 7.54%
• 6M: 9.03%
• 1Y: 23.58%
• 3Y*: 12.77%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HMEF.L vs. SDIP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HMEF.L HSBC MSCI Emerging Markets UCITS ETF USD	26.72%	24.56%	9.08%	2.44%	-10.48%
SDIP.L Global X SuperDividend UCITS ETF USD Distributing	7.54%	18.63%	1.62%	0.39%	-17.07%

Correlation

The correlation between HMEF.L and SDIP.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022	0.57

The correlation between HMEF.L and SDIP.L shifts across timeframes, from 0.40 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.

HMEF.L vs. SDIP.L - Sectors Allocation Comparison

Sectors	HMEF.L	SDIP.L
Technology	44.9%	0.9%
Financial Services	18.2%	16.0%
Consumer Cyclical	7.8%	6.3%
Industrials	6.5%	9.9%
Communication Services	6.0%	4.1%
Basic Materials	5.7%	4.8%
Energy	3.2%	13.9%
Consumer Defensive	2.5%	4.6%
Healthcare	2.3%	2.1%
Utilities	1.8%	1.0%
Real Estate	1.0%	36.7%

Return for Risk

HMEF.L vs. SDIP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HMEF.L

HMEF.L Risk / Return Rank: 87
HMEF.L Sharpe Ratio Rank: 90
HMEF.L Sortino Ratio Rank: 86
HMEF.L Omega Ratio Rank: 90
HMEF.L Calmar Ratio Rank: 87
HMEF.L Martin Ratio Rank: 83

SDIP.L

SDIP.L Risk / Return Rank: 85
SDIP.L Sharpe Ratio Rank: 86
SDIP.L Sortino Ratio Rank: 87
SDIP.L Omega Ratio Rank: 85
SDIP.L Calmar Ratio Rank: 87
SDIP.L Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HMEF.L vs. SDIP.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 Global X SuperDividend UCITS ETF USD Distributing (SDIP.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	SDIP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.68	2.45	+0.23
Sortino ratio: Return per unit of downside risk	3.39	3.48	-0.09
Omega ratio: Gain probability vs. loss probability	1.50	1.46	+0.05
Calmar ratio: Return relative to maximum drawdown	4.46	4.39	+0.07
Martin ratio: Return relative to average drawdown	15.16	14.40	+0.76

HMEF.L vs. SDIP.L - Sharpe Ratio Comparison

The current HMEF.L Sharpe Ratio is 2.68, which is comparable to the SDIP.L Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of HMEF.L and SDIP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HMEF.L vs. SDIP.L - Drawdown Comparison

The maximum HMEF.L drawdown since its inception was -27.33%, roughly equal to the maximum SDIP.L drawdown of -27.38%. Use the drawdown chart below to compare losses from any high point for HMEF.L and SDIP.L.

Drawdown Indicators

	HMEF.L	SDIP.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.33%	-27.38%	+0.05%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-5.35%	-5.72%
Max Drawdown (3Y) Largest decline over 3 years	-15.16%	-17.52%	+2.36%
Max Drawdown (5Y) Largest decline over 5 years	-23.78%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.33%	—	—
Current Drawdown Current decline from peak	-4.38%	-2.79%	-1.59%
Average Drawdown Average peak-to-trough decline	-7.69%	-13.04%	+5.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	1.63%	+1.64%

Volatility

HMEF.L vs. SDIP.L - Volatility Comparison

HSBC MSCI Emerging Markets UCITS ETF USD (HMEF.L) has a higher volatility of 8.76% compared to Global X SuperDividend UCITS ETF USD Distributing (SDIP.L) at 2.66%. This indicates that HMEF.L's price experiences larger fluctuations and is considered to be riskier than SDIP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HMEF.L	SDIP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.76%	2.66%	+6.10%
Volatility (6M) Calculated over the trailing 6-month period	16.38%	6.79%	+9.59%
Volatility (1Y) Calculated over the trailing 1-year period	18.56%	9.60%	+8.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.57%	16.07%	+0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	142.56%	16.07%	+126.49%

HMEF.L vs. SDIP.L - Expense Ratio Comparison

HMEF.L has a 0.15% expense ratio, which is lower than SDIP.L's 0.45% expense ratio.

Dividends

HMEF.L vs. SDIP.L - Dividend Comparison

HMEF.L's dividend yield for the trailing twelve months is around 1.61%, less than SDIP.L's 9.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HMEF.L HSBC MSCI Emerging Markets UCITS ETF USD	1.61%	1.98%	2.43%	2.58%	2.99%	2.01%	1.66%	2.11%	2.14%	37.43%	168.62%	225.12%
SDIP.L Global X SuperDividend UCITS ETF USD Distributing	9.19%	9.39%	11.34%	12.51%	8.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HMEF.L and SDIP.L in my portfolio?

HMEF.L and SDIP.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HMEF.L or SDIP.L?

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.

Which ETF is cheaper, HMEF.L or SDIP.L?

HMEF.L is cheaper with a 0.15% expense ratio, compared with 0.45% for SDIP.L.

What is the main difference between HMEF.L and SDIP.L?

HMEF.L is categorized as Emerging Markets Equities, while SDIP.L is Dividend. HMEF.L tracks MSCI EM NR USD, while SDIP.L tracks Solactive Global SuperDividend Index. They also come from different issuers: HSBC and Global X. Their fees differ too: 0.15% for HMEF.L and 0.45% for SDIP.L.