HSEM.L vs. EMVL.L
HSEM.L (HSBC Emerging Market Screened Equity UCITS ETF) and EMVL.L (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) are both Emerging Markets Equities funds - HSEM.L tracks the HSBC Emerging Market Screened Equity UCITS ETF while EMVL.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, HSEM.L returned 6.62%/yr vs 15.16%/yr for EMVL.L. Their correlation of 0.89 suggests significant overlap in exposure. HSEM.L charges 0.18%/yr vs 0.40%/yr for EMVL.L.
Performance
HSEM.L vs. EMVL.L - Performance Comparison
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Returns By Period
In the year-to-date period, HSEM.L achieves a 12.47% return, which is significantly lower than EMVL.L's 31.45% return.
HSEM.L
- 1D
- -0.78%
- 1M
- -2.74%
- 6M
- 7.42%
- YTD
- 12.47%
- 1Y
- 26.78%
- 3Y*
- 18.14%
- 5Y*
- 6.62%
- 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*
- —
HSEM.L vs. EMVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSEM.L HSBC Emerging Market Screened Equity UCITS ETF | 12.47% | 29.57% | 15.18% | 4.33% | -18.08% | 0.52% | 14.23% |
EMVL.L iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 31.45% | 43.13% | 14.49% | 18.37% | -16.29% | 5.29% | 14.25% |
Correlation
The correlation between HSEM.L and EMVL.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2020 | 0.89 |
The correlation between HSEM.L and EMVL.L has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
HSEM.L vs. EMVL.L — Risk / Return Rank
HSEM.L
EMVL.L
HSEM.L vs. EMVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Emerging Market Screened Equity UCITS ETF (HSEM.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.
| HSEM.L | EMVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 4.51 | -2.17 |
| Martin ratioReturn relative to average drawdown | 7.31 | 12.55 | -5.24 |
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Drawdowns
HSEM.L vs. EMVL.L - Drawdown Comparison
The maximum HSEM.L drawdown since its inception was -36.19%, roughly equal to the maximum EMVL.L drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for HSEM.L and EMVL.L.
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Drawdown Indicators
| HSEM.L | EMVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.19% | -34.95% | -1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.15% | -12.49% | +1.34% |
Max Drawdown (3Y)Largest decline over 3 years | -17.38% | -16.42% | -0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -31.50% | -31.61% | +0.11% |
Current DrawdownCurrent decline from peak | -4.12% | -12.45% | +8.33% |
Average DrawdownAverage peak-to-trough decline | -14.08% | -9.51% | -4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 4.50% | -0.92% |
Volatility
HSEM.L vs. EMVL.L - Volatility Comparison
The current volatility for HSBC Emerging Market Screened Equity UCITS ETF (HSEM.L) is 6.31%, while iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.L) has a volatility of 10.34%. This indicates that HSEM.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
| HSEM.L | EMVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.31% | 10.34% | -4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.44% | 21.31% | -5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.02% | 23.82% | -5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 20.71% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 21.39% | -3.32% |
HSEM.L vs. EMVL.L - Expense Ratio Comparison
HSEM.L has a 0.18% expense ratio, which is lower than EMVL.L's 0.40% expense ratio.
Dividends
HSEM.L vs. EMVL.L - Dividend Comparison
Neither HSEM.L nor EMVL.L has paid dividends to shareholders.
Frequently Asked Questions
HSEM.L and EMVL.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HSEM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSEM.L is cheaper with a 0.18% expense ratio, compared with 0.40% for EMVL.L.
HSEM.L tracks HSBC Emerging Market Screened Equity UCITS ETF, while EMVL.L tracks MSCI EM NR USD. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.18% for HSEM.L and 0.40% for EMVL.L.
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