HPEM.L vs. EMVL.L
HPEM.L (Hsbc Etfs PLC - Hsbc Msci Emerging Markets Climate Paris Aligned Ucits Etf) and EMVL.L (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) are both Emerging Markets Equities funds - HPEM.L tracks the Hsbc Etfs PLC - Hsbc Msci Emerging Markets Climate Paris Aligned Ucits Etf while EMVL.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 3 years, HPEM.L returned 17.62%/yr vs 31.82%/yr for EMVL.L. Their correlation of 0.90 suggests significant overlap in exposure.
Performance
HPEM.L vs. EMVL.L - Performance Comparison
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Returns By Period
In the year-to-date period, HPEM.L achieves a 17.86% return, which is significantly lower than EMVL.L's 31.45% return.
HPEM.L
- 1D
- 0.66%
- 1M
- -5.69%
- 6M
- 12.47%
- YTD
- 17.86%
- 1Y
- 35.57%
- 3Y*
- 17.62%
- 5Y*
- —
- 10Y*
- —
EMVL.L
- 1D
- -1.18%
- 1M
- -9.38%
- 6M
- 23.78%
- YTD
- 31.45%
- 1Y
- 56.66%
- 3Y*
- 31.82%
- 5Y*
- 15.16%
- 10Y*
- —
HPEM.L vs. EMVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HPEM.L Hsbc Etfs PLC - Hsbc Msci Emerging Markets Climate Paris Aligned Ucits Etf | 17.86% | 32.60% | 6.21% | 6.27% | -13.68% |
EMVL.L iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 31.45% | 43.13% | 14.49% | 18.37% | -12.57% |
Correlation
The correlation between HPEM.L and EMVL.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022 | 0.90 |
The correlation between HPEM.L and EMVL.L has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.
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Return for Risk
HPEM.L vs. EMVL.L — Risk / Return Rank
HPEM.L
EMVL.L
HPEM.L vs. EMVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hsbc Etfs PLC - Hsbc Msci Emerging Markets Climate Paris Aligned Ucits Etf (HPEM.L) and iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.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.
| HPEM.L | EMVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 4.51 | -1.57 |
| Martin ratioReturn relative to average drawdown | 9.40 | 12.55 | -3.15 |
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Drawdowns
HPEM.L vs. EMVL.L - Drawdown Comparison
The maximum HPEM.L drawdown since its inception was -22.86%, smaller than the maximum EMVL.L drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for HPEM.L and EMVL.L.
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Drawdown Indicators
| HPEM.L | EMVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.86% | -34.95% | +12.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -12.49% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -16.42% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.61% | — |
Current DrawdownCurrent decline from peak | -7.81% | -12.45% | +4.64% |
Average DrawdownAverage peak-to-trough decline | -7.21% | -9.51% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 4.50% | -0.60% |
Volatility
HPEM.L vs. EMVL.L - Volatility Comparison
The current volatility for Hsbc Etfs PLC - Hsbc Msci Emerging Markets Climate Paris Aligned Ucits Etf (HPEM.L) is 9.19%, while iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.L) has a volatility of 10.34%. This indicates that HPEM.L experiences smaller price fluctuations and is considered to be less risky than EMVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPEM.L | EMVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.19% | 10.34% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 19.87% | 21.31% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.17% | 23.82% | -1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.08% | 20.71% | -1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.08% | 21.39% | -2.31% |
Dividends
HPEM.L vs. EMVL.L - Dividend Comparison
Neither HPEM.L nor EMVL.L has paid dividends to shareholders.
Frequently Asked Questions
HPEM.L and EMVL.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HPEM.L tracks Hsbc Etfs PLC - Hsbc Msci Emerging Markets Climate Paris Aligned Ucits Etf, while EMVL.L tracks MSCI EM NR USD. They also come from different issuers: HSBC and iShares.
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