HPEM.L vs. HEMC.L
HPEM.L (Hsbc Etfs PLC - Hsbc Msci Emerging Markets Climate Paris Aligned Ucits Etf) and HEMC.L (HSBC MSCI Emerging Markets UCITS ETF USD (Acc)) are both Emerging Markets Equities funds from HSBC - HPEM.L tracks the Hsbc Etfs PLC - Hsbc Msci Emerging Markets Climate Paris Aligned Ucits Etf while HEMC.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 3 years, HPEM.L returned 17.62%/yr vs 20.15%/yr for HEMC.L. Their correlation of 0.88 suggests significant overlap in exposure.
Performance
HPEM.L vs. HEMC.L - Performance Comparison
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Different Trading Currencies
HPEM.L is traded in USD, while HEMC.L is traded in GBP. To make them comparable, the HEMC.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HPEM.L achieves a 17.86% return, which is significantly lower than HEMC.L's 20.79% return.
HPEM.L
- 1D
- 0.66%
- 1M
- -5.69%
- 6M
- 12.47%
- YTD
- 17.86%
- 1Y
- 35.57%
- 3Y*
- 17.62%
- 5Y*
- —
- 10Y*
- —
HEMC.L
- 1D
- 0.00%
- 1M
- -5.70%
- 6M
- 14.70%
- YTD
- 20.79%
- 1Y
- 38.65%
- 3Y*
- 20.15%
- 5Y*
- —
- 10Y*
- —
HPEM.L vs. HEMC.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% | -7.13% |
HEMC.L HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 20.79% | 34.15% | 7.08% | 8.45% | -22.22% |
Correlation
The correlation between HPEM.L and HEMC.L is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.88 |
The correlation between HPEM.L and HEMC.L has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
HPEM.L vs. HEMC.L — Risk / Return Rank
HPEM.L
HEMC.L
HPEM.L vs. HEMC.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 HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (HEMC.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 | HEMC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.33 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 1.40 | +1.54 |
| Martin ratioReturn relative to average drawdown | 9.40 | 2.59 | +6.81 |
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Drawdowns
HPEM.L vs. HEMC.L - Drawdown Comparison
The maximum HPEM.L drawdown since its inception was -22.86%, smaller than the maximum HEMC.L drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for HPEM.L and HEMC.L.
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Drawdown Indicators
| HPEM.L | HEMC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.86% | -32.92% | +10.06% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -27.53% | +15.10% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -27.53% | +10.71% |
Current DrawdownCurrent decline from peak | -7.81% | -7.87% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -7.21% | -13.57% | +6.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 14.92% | -11.02% |
Volatility
HPEM.L vs. HEMC.L - Volatility Comparison
Hsbc Etfs PLC - Hsbc Msci Emerging Markets Climate Paris Aligned Ucits Etf (HPEM.L) and HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (HEMC.L) have volatilities of 9.19% and 9.21%, 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
| HPEM.L | HEMC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.19% | 9.21% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 19.87% | 19.17% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.17% | 45.76% | -23.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.08% | 31.64% | -12.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.08% | 31.64% | -12.56% |
Dividends
HPEM.L vs. HEMC.L - Dividend Comparison
Neither HPEM.L nor HEMC.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, HPEM.L and HEMC.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
HPEM.L tracks Hsbc Etfs PLC - Hsbc Msci Emerging Markets Climate Paris Aligned Ucits Etf, while HEMC.L tracks MSCI EM NR USD.
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