HSEF.L vs. XZEM.DE
Compare and contrast key facts about HSBC Emerging Market Sustainable Equity UCITS ETF USD (HSEF.L) and Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XZEM.DE).
HSEF.L and XZEM.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HSEF.L is a passively managed fund by HSBC that tracks the performance of the MSCI EM NR USD. It was launched on Aug 27, 2020. XZEM.DE is a passively managed fund by Xtrackers that tracks the performance of the MSCI Emerging Markets Low Carbon SRI Leaders. It was launched on Oct 15, 2019. Both HSEF.L and XZEM.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HSEF.L vs. XZEM.DE - Performance Comparison
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HSEF.L vs. XZEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSEF.L HSBC Emerging Market Sustainable Equity UCITS ETF USD | 3.85% | 20.85% | 17.02% | -1.33% | -8.36% | 1.82% | 11.41% |
XZEM.DE Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C | 3.12% | 22.59% | 11.82% | -1.81% | -9.62% | -10.95% | 6.56% |
Different Trading Currencies
HSEF.L is traded in GBP, while XZEM.DE is traded in EUR. To make them comparable, the XZEM.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HSEF.L achieves a 3.85% return, which is significantly higher than XZEM.DE's 3.12% return.
HSEF.L
- 1D
- 2.38%
- 1M
- -3.61%
- YTD
- 3.85%
- 6M
- 5.14%
- 1Y
- 24.64%
- 3Y*
- 13.03%
- 5Y*
- 5.36%
- 10Y*
- —
XZEM.DE
- 1D
- 2.61%
- 1M
- -4.56%
- YTD
- 3.12%
- 6M
- 3.40%
- 1Y
- 23.98%
- 3Y*
- 10.53%
- 5Y*
- 1.60%
- 10Y*
- —
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HSEF.L vs. XZEM.DE - Expense Ratio Comparison
HSEF.L has a 0.18% expense ratio, which is lower than XZEM.DE's 0.25% 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%.
Return for Risk
HSEF.L vs. XZEM.DE — Risk / Return Rank
HSEF.L
XZEM.DE
HSEF.L vs. XZEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Emerging Market Sustainable Equity UCITS ETF USD (HSEF.L) and Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XZEM.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.
| HSEF.L | XZEM.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 1.34 | +0.18 |
Sortino ratioReturn per unit of downside risk | 1.95 | 1.85 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.25 | +0.34 |
Martin ratioReturn relative to average drawdown | 8.30 | 7.47 | +0.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HSEF.L | XZEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.34 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.09 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.24 | +0.24 |
Correlation
The correlation between HSEF.L and XZEM.DE is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HSEF.L vs. XZEM.DE - Dividend Comparison
Neither HSEF.L nor XZEM.DE has paid dividends to shareholders.
Drawdowns
HSEF.L vs. XZEM.DE - Drawdown Comparison
The maximum HSEF.L drawdown since its inception was -23.33%, smaller than the maximum XZEM.DE drawdown of -37.69%. Use the drawdown chart below to compare losses from any high point for HSEF.L and XZEM.DE.
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Drawdown Indicators
| HSEF.L | XZEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.33% | -37.16% | +13.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.51% | -13.91% | +2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -19.36% | -32.73% | +13.37% |
Current DrawdownCurrent decline from peak | -6.02% | -7.85% | +1.83% |
Average DrawdownAverage peak-to-trough decline | -9.54% | -17.04% | +7.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 3.30% | -0.28% |
Volatility
HSEF.L vs. XZEM.DE - Volatility Comparison
The current volatility for HSBC Emerging Market Sustainable Equity UCITS ETF USD (HSEF.L) is 5.48%, while Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XZEM.DE) has a volatility of 7.03%. This indicates that HSEF.L experiences smaller price fluctuations and is considered to be less risky than XZEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSEF.L | XZEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 7.03% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 11.52% | 12.54% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 17.84% | -1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 18.16% | -2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.64% | 20.30% | -4.66% |