HSEM.L vs. SEDY.L
HSEM.L (HSBC Emerging Market Screened Equity UCITS ETF) and SEDY.L (iShares Emerging Markets Dividend UCITS ETF) are both Emerging Markets Equities funds - HSEM.L tracks the HSBC Emerging Market Screened Equity UCITS ETF while SEDY.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, HSEM.L returned 6.62%/yr vs 4.81%/yr for SEDY.L. A 0.75 correlation means they provide meaningful diversification when combined. HSEM.L charges 0.18%/yr vs 0.65%/yr for SEDY.L.
Performance
HSEM.L vs. SEDY.L - Performance Comparison
Loading charts...
Different Trading Currencies
HSEM.L is traded in USD, while SEDY.L is traded in GBp. To make them comparable, the SEDY.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HSEM.L achieves a 12.47% return, which is significantly higher than SEDY.L's 8.85% 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*
- —
SEDY.L
- 1D
- -0.13%
- 1M
- -2.54%
- 6M
- 4.50%
- YTD
- 8.85%
- 1Y
- 21.84%
- 3Y*
- 18.43%
- 5Y*
- 4.81%
- 10Y*
- 6.45%
HSEM.L vs. SEDY.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% |
SEDY.L iShares Emerging Markets Dividend UCITS ETF | 8.85% | 27.66% | 6.90% | 18.97% | -30.91% | 11.63% | 18.09% |
Correlation
The correlation between HSEM.L and SEDY.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2020 | 0.75 |
The correlation between HSEM.L and SEDY.L has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HSEM.L vs. SEDY.L — Risk / Return Rank
HSEM.L
SEDY.L
HSEM.L vs. SEDY.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 Emerging Markets Dividend UCITS ETF (SEDY.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 | SEDY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.54 | -0.19 |
| Martin ratioReturn relative to average drawdown | 7.31 | 7.09 | +0.22 |
Loading charts...
Drawdowns
HSEM.L vs. SEDY.L - Drawdown Comparison
The maximum HSEM.L drawdown since its inception was -36.19%, smaller than the maximum SEDY.L drawdown of -55.31%. Use the drawdown chart below to compare losses from any high point for HSEM.L and SEDY.L.
Loading charts...
Drawdown Indicators
| HSEM.L | SEDY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.19% | -55.31% | +19.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.15% | -8.58% | -2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -17.38% | -13.31% | -4.07% |
Max Drawdown (5Y)Largest decline over 5 years | -31.50% | -40.64% | +9.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.64% | — |
Current DrawdownCurrent decline from peak | -4.12% | -5.46% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -14.08% | -24.26% | +10.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 3.07% | +0.51% |
Volatility
HSEM.L vs. SEDY.L - Volatility Comparison
HSBC Emerging Market Screened Equity UCITS ETF (HSEM.L) has a higher volatility of 6.31% compared to iShares Emerging Markets Dividend UCITS ETF (SEDY.L) at 3.75%. This indicates that HSEM.L's price experiences larger fluctuations and is considered to be riskier than SEDY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HSEM.L | SEDY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.31% | 3.75% | +2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 15.44% | 11.45% | +3.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.02% | 13.70% | +4.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 17.07% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 17.32% | +0.75% |
HSEM.L vs. SEDY.L - Expense Ratio Comparison
HSEM.L has a 0.18% expense ratio, which is lower than SEDY.L's 0.65% expense ratio.
Dividends
HSEM.L vs. SEDY.L - Dividend Comparison
HSEM.L has not paid dividends to shareholders, while SEDY.L's dividend yield for the trailing twelve months is around 5.17%.
| 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% |
SEDY.L iShares Emerging Markets Dividend UCITS ETF | 5.17% | 5.72% | 7.74% | 7.99% | 9.32% | 6.42% | 5.11% | 5.84% | 5.54% | 4.07% | 4.25% | 6.31% |
Frequently Asked Questions
HSEM.L and SEDY.L have a correlation of 0.68, 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 0.65% for SEDY.L.
HSEM.L tracks HSBC Emerging Market Screened Equity UCITS ETF, while SEDY.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 0.65% for SEDY.L.
Find the right allocation for HSEM.L and SEDY.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer