IQQ5.DE vs. H410.DE
IQQ5.DE (iShares MSCI Turkey UCITS ETF USD (Dist)) and H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) are both Emerging Markets Equities funds - IQQ5.DE tracks the MSCI Turkey Index while H410.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, IQQ5.DE returned 0.54%/yr vs 9.56%/yr for H410.DE. At a 0.39 correlation, their price movements are largely independent. IQQ5.DE charges 0.74%/yr vs 0.15%/yr for H410.DE.
Performance
IQQ5.DE vs. H410.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQ5.DE achieves a 23.43% return, which is significantly lower than H410.DE's 27.90% return. Over the past 10 years, IQQ5.DE has underperformed H410.DE with an annualized return of 0.54%, while H410.DE has yielded a comparatively higher 9.56% annualized return.
IQQ5.DE
- 1D
- -0.41%
- 1M
- 3.40%
- 6M
- 19.83%
- YTD
- 23.43%
- 1Y
- 24.27%
- 3Y*
- 12.67%
- 5Y*
- 16.97%
- 10Y*
- 0.54%
H410.DE
- 1D
- 2.16%
- 1M
- -1.43%
- 6M
- 25.07%
- YTD
- 27.90%
- 1Y
- 46.45%
- 3Y*
- 20.18%
- 5Y*
- 8.06%
- 10Y*
- 9.56%
IQQ5.DE vs. H410.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQ5.DE iShares MSCI Turkey UCITS ETF USD (Dist) | 23.43% | -15.96% | 24.70% | -10.45% | 93.90% | -20.23% | -16.97% | 12.89% | -39.29% | 20.36% |
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 27.90% | 18.65% | 13.95% | 4.67% | -13.87% | 4.04% | 6.95% | 21.14% | -11.36% | 21.12% |
Correlation
The correlation between IQQ5.DE and H410.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2011 | 0.39 |
The correlation between IQQ5.DE and H410.DE shifts across timeframes, from 0.24 (3 years) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IQQ5.DE vs. H410.DE — Risk / Return Rank
IQQ5.DE
H410.DE
IQQ5.DE vs. H410.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Turkey UCITS ETF USD (Dist) (IQQ5.DE) and HSBC MSCI Emerging Markets UCITS ETF USD (H410.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.
| IQQ5.DE | H410.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.42 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 4.42 | -2.65 |
| Martin ratioReturn relative to average drawdown | 4.26 | 14.54 | -10.29 |
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Drawdowns
IQQ5.DE vs. H410.DE - Drawdown Comparison
The maximum IQQ5.DE drawdown since its inception was -75.94%, which is greater than H410.DE's maximum drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for IQQ5.DE and H410.DE.
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Drawdown Indicators
| IQQ5.DE | H410.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.94% | -41.02% | -34.92% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -10.47% | -3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -36.14% | -19.01% | -17.13% |
Max Drawdown (5Y)Largest decline over 5 years | -36.14% | -22.82% | -13.32% |
Max Drawdown (10Y)Largest decline over 10 years | -66.59% | -31.62% | -34.97% |
Current DrawdownCurrent decline from peak | -32.97% | -4.66% | -28.31% |
Average DrawdownAverage peak-to-trough decline | -40.24% | -13.32% | -26.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 3.18% | +2.51% |
Volatility
IQQ5.DE vs. H410.DE - Volatility Comparison
The current volatility for iShares MSCI Turkey UCITS ETF USD (Dist) (IQQ5.DE) is 6.92%, while HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) has a volatility of 9.07%. This indicates that IQQ5.DE experiences smaller price fluctuations and is considered to be less risky than H410.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQ5.DE | H410.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.92% | 9.07% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 20.25% | 17.06% | +3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.00% | 19.54% | +6.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.30% | 17.09% | +18.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.24% | 18.28% | +15.96% |
IQQ5.DE vs. H410.DE - Expense Ratio Comparison
IQQ5.DE has a 0.74% expense ratio, which is higher than H410.DE's 0.15% expense ratio.
Dividends
IQQ5.DE vs. H410.DE - Dividend Comparison
IQQ5.DE's dividend yield for the trailing twelve months is around 1.79%, more than H410.DE's 1.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 1.60% | 2.00% | 2.40% | 2.59% | 3.11% | 2.00% | 1.69% | 2.03% | 2.20% | 1.62% | 1.71% | 2.28% |
IQQ5.DE iShares MSCI Turkey UCITS ETF USD (Dist) | 1.79% | 1.84% | 2.06% | 2.77% | 1.75% | 3.02% | 0.56% | 2.14% | 4.07% | 1.78% | 1.68% | 2.18% |
Frequently Asked Questions
IQQ5.DE and H410.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H410.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H410.DE is cheaper with a 0.15% expense ratio, compared with 0.74% for IQQ5.DE.
IQQ5.DE tracks MSCI Turkey Index, while H410.DE tracks MSCI Emerging Markets. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.74% for IQQ5.DE and 0.15% for H410.DE.
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