HSEM.L vs. ISDE.L
HSEM.L (HSBC Emerging Market Screened Equity UCITS ETF) and ISDE.L (iShares MSCI EM Islamic UCITS ETF USD (Dist)) are both Emerging Markets Equities funds - HSEM.L tracks the HSBC Emerging Market Screened Equity UCITS ETF while ISDE.L tracks the MSCI Emerging Markets Islamic Index. Both are passively managed. Over the past 5 years, HSEM.L returned 6.62%/yr vs 10.84%/yr for ISDE.L. Their correlation of 0.82 suggests significant overlap in exposure. HSEM.L charges 0.18%/yr vs 0.85%/yr for ISDE.L.
Performance
HSEM.L vs. ISDE.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 ISDE.L's 43.83% 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*
- —
ISDE.L
- 1D
- -1.28%
- 1M
- -11.07%
- 6M
- 34.89%
- YTD
- 43.83%
- 1Y
- 74.17%
- 3Y*
- 25.27%
- 5Y*
- 10.84%
- 10Y*
- 11.20%
HSEM.L vs. ISDE.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% |
ISDE.L iShares MSCI EM Islamic UCITS ETF USD (Dist) | 43.83% | 39.00% | -3.54% | 14.04% | -22.75% | 2.66% | 13.56% |
Correlation
The correlation between HSEM.L and ISDE.L is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2020 | 0.82 |
The correlation between HSEM.L and ISDE.L has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.
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Return for Risk
HSEM.L vs. ISDE.L — Risk / Return Rank
HSEM.L
ISDE.L
HSEM.L vs. ISDE.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 MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.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 | ISDE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.44 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 4.75 | -2.40 |
| Martin ratioReturn relative to average drawdown | 7.31 | 15.21 | -7.90 |
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Drawdowns
HSEM.L vs. ISDE.L - Drawdown Comparison
The maximum HSEM.L drawdown since its inception was -36.19%, smaller than the maximum ISDE.L drawdown of -65.53%. Use the drawdown chart below to compare losses from any high point for HSEM.L and ISDE.L.
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Drawdown Indicators
| HSEM.L | ISDE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.19% | -65.53% | +29.34% |
Max Drawdown (1Y)Largest decline over 1 year | -11.15% | -15.54% | +4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -17.38% | -21.83% | +4.45% |
Max Drawdown (5Y)Largest decline over 5 years | -31.50% | -32.16% | +0.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.64% | — |
Current DrawdownCurrent decline from peak | -4.12% | -15.25% | +11.13% |
Average DrawdownAverage peak-to-trough decline | -14.08% | -22.77% | +8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 4.86% | -1.28% |
Volatility
HSEM.L vs. ISDE.L - Volatility Comparison
The current volatility for HSBC Emerging Market Screened Equity UCITS ETF (HSEM.L) is 6.31%, while iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L) has a volatility of 14.62%. This indicates that HSEM.L experiences smaller price fluctuations and is considered to be less risky than ISDE.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 | ISDE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.31% | 14.62% | -8.31% |
Volatility (6M)Calculated over the trailing 6-month period | 15.44% | 27.67% | -12.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.02% | 29.71% | -11.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 20.58% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 20.34% | -2.27% |
HSEM.L vs. ISDE.L - Expense Ratio Comparison
HSEM.L has a 0.18% expense ratio, which is lower than ISDE.L's 0.85% expense ratio.
Dividends
HSEM.L vs. ISDE.L - Dividend Comparison
HSEM.L has not paid dividends to shareholders, while ISDE.L's dividend yield for the trailing twelve months is around 1.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSEM.L HSBC Emerging Market Screened Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ISDE.L iShares MSCI EM Islamic UCITS ETF USD (Dist) | 1.20% | 1.06% | 2.51% | 2.77% | 2.10% | 1.79% | 0.98% | 1.55% | 1.64% | 1.02% | 1.07% | 2.32% |
Frequently Asked Questions
HSEM.L and ISDE.L have a correlation of 0.77, 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 0.85% for ISDE.L.
HSEM.L tracks HSBC Emerging Market Screened Equity UCITS ETF, while ISDE.L tracks MSCI Emerging Markets Islamic Index. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.18% for HSEM.L and 0.85% for ISDE.L.
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