HPJS.L vs. AMEL.DE
HPJS.L (HSBC MSCI Japan Climate Paris Aligned UCITS ETF) and AMEL.DE (Amundi MSCI Emerging Markets Latin America UCITS ETF EUR) are both exchange-traded funds - HPJS.L is a Japan Equities fund tracking the TOPIX TR JPY, while AMEL.DE is a Latin America Equities fund tracking the MSCI Emerging Markets Latin America. Both are passively managed. Over the past 3 years, HPJS.L returned 10.06%/yr vs 10.85%/yr for AMEL.DE. At a 0.34 correlation, their price movements are largely independent. HPJS.L charges 0.18%/yr vs 0.20%/yr for AMEL.DE.
Performance
HPJS.L vs. AMEL.DE - Performance Comparison
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Different Trading Currencies
HPJS.L is traded in GBP, while AMEL.DE is traded in EUR. To make them comparable, the AMEL.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HPJS.L achieves a 11.91% return, which is significantly lower than AMEL.DE's 12.80% return.
HPJS.L
- 1D
- 0.86%
- 1M
- 3.58%
- YTD
- 11.91%
- 6M
- 12.15%
- 1Y
- 27.51%
- 3Y*
- 10.06%
- 5Y*
- —
- 10Y*
- —
AMEL.DE
- 1D
- 0.66%
- 1M
- -1.65%
- YTD
- 12.80%
- 6M
- 14.03%
- 1Y
- 39.71%
- 3Y*
- 10.85%
- 5Y*
- 9.59%
- 10Y*
- 7.80%
HPJS.L vs. AMEL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPJS.L HSBC MSCI Japan Climate Paris Aligned UCITS ETF | 11.91% | 14.99% | -1.51% | 9.90% | -15.00% | -27.15% |
AMEL.DE Amundi MSCI Emerging Markets Latin America UCITS ETF EUR | 12.80% | 45.23% | -25.59% | 25.59% | 22.70% | -1.57% |
Correlation
The correlation between HPJS.L and AMEL.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.34 |
The correlation between HPJS.L and AMEL.DE shifts across timeframes, from 0.34 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HPJS.L vs. AMEL.DE — Risk / Return Rank
HPJS.L
AMEL.DE
HPJS.L vs. AMEL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS.L) and Amundi MSCI Emerging Markets Latin America UCITS ETF EUR (AMEL.DE). 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.
| HPJS.L | AMEL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 2.89 | -1.85 |
| Martin ratioReturn relative to average drawdown | 1.58 | 8.71 | -7.13 |
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Drawdowns
HPJS.L vs. AMEL.DE - Drawdown Comparison
The maximum HPJS.L drawdown since its inception was -44.01%, smaller than the maximum AMEL.DE drawdown of -56.06%. Use the drawdown chart below to compare losses from any high point for HPJS.L and AMEL.DE.
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Drawdown Indicators
| HPJS.L | AMEL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.01% | -56.06% | +12.05% |
Max Drawdown (1Y)Largest decline over 1 year | -27.69% | -13.68% | -14.01% |
Max Drawdown (3Y)Largest decline over 3 years | -27.69% | -26.67% | -1.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.73% | — |
Current DrawdownCurrent decline from peak | -16.44% | -8.99% | -7.45% |
Average DrawdownAverage peak-to-trough decline | -32.68% | -18.01% | -14.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.22% | 4.55% | +13.67% |
Volatility
HPJS.L vs. AMEL.DE - Volatility Comparison
HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS.L) has a higher volatility of 7.02% compared to Amundi MSCI Emerging Markets Latin America UCITS ETF EUR (AMEL.DE) at 6.26%. This indicates that HPJS.L's price experiences larger fluctuations and is considered to be riskier than AMEL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPJS.L | AMEL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 6.26% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 15.84% | 15.42% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.56% | 18.78% | +26.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.64% | 20.77% | +6.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.64% | 25.07% | +2.57% |
HPJS.L vs. AMEL.DE - Expense Ratio Comparison
HPJS.L has a 0.18% expense ratio, which is lower than AMEL.DE's 0.20% 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
HPJS.L vs. AMEL.DE - Dividend Comparison
Neither HPJS.L nor AMEL.DE has paid dividends to shareholders.
Frequently Asked Questions
HPJS.L and AMEL.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HPJS.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HPJS.L is cheaper with a 0.18% expense ratio, compared with 0.20% for AMEL.DE.
HPJS.L is categorized as Japan Equities, while AMEL.DE is Latin America Equities. HPJS.L tracks TOPIX TR JPY, while AMEL.DE tracks MSCI Emerging Markets Latin America. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.18% for HPJS.L and 0.20% for AMEL.DE.
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