IQQ5.DE vs. H41E.DE
IQQ5.DE (iShares MSCI Turkey UCITS ETF USD (Dist)) and H41E.DE (HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - IQQ5.DE tracks the MSCI Turkey Index while H41E.DE tracks the MSCI Emerging Markets Value SRI ESG Target Select. Both are passively managed. Over the past 3 years, IQQ5.DE returned 12.67%/yr vs 26.60%/yr for H41E.DE. At a 0.19 correlation, their price movements are largely independent. IQQ5.DE charges 0.74%/yr vs 0.35%/yr for H41E.DE.
Performance
IQQ5.DE vs. H41E.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 H41E.DE's 36.54% 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%
H41E.DE
- 1D
- 0.00%
- 1M
- -3.57%
- 6M
- 33.19%
- YTD
- 36.54%
- 1Y
- 60.16%
- 3Y*
- 26.60%
- 5Y*
- —
- 10Y*
- —
IQQ5.DE vs. H41E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IQQ5.DE iShares MSCI Turkey UCITS ETF USD (Dist) | 23.43% | -15.96% | 24.70% | -10.45% | 13.67% |
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 36.54% | 22.02% | 17.74% | 11.43% | -2.13% |
Correlation
The correlation between IQQ5.DE and H41E.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2022 | 0.19 |
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Return for Risk
IQQ5.DE vs. H41E.DE — Risk / Return Rank
IQQ5.DE
H41E.DE
IQQ5.DE vs. H41E.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 Value ESG UCITS ETF USD (Acc) (H41E.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 | H41E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.54 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 6.17 | -4.40 |
| Martin ratioReturn relative to average drawdown | 4.26 | 19.26 | -15.00 |
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Drawdowns
IQQ5.DE vs. H41E.DE - Drawdown Comparison
The maximum IQQ5.DE drawdown since its inception was -75.94%, which is greater than H41E.DE's maximum drawdown of -20.92%. Use the drawdown chart below to compare losses from any high point for IQQ5.DE and H41E.DE.
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Drawdown Indicators
| IQQ5.DE | H41E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.94% | -20.92% | -55.02% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -9.80% | -3.88% |
Max Drawdown (3Y)Largest decline over 3 years | -36.14% | -20.92% | -15.22% |
Max Drawdown (5Y)Largest decline over 5 years | -36.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.59% | — | — |
Current DrawdownCurrent decline from peak | -32.97% | -8.20% | -24.77% |
Average DrawdownAverage peak-to-trough decline | -40.24% | -3.13% | -37.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 3.13% | +2.56% |
Volatility
IQQ5.DE vs. H41E.DE - Volatility Comparison
The current volatility for iShares MSCI Turkey UCITS ETF USD (Dist) (IQQ5.DE) is 6.92%, while HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) has a volatility of 9.36%. This indicates that IQQ5.DE experiences smaller price fluctuations and is considered to be less risky than H41E.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 | H41E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.92% | 9.36% | -2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 20.25% | 16.87% | +3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.00% | 19.74% | +6.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.30% | 16.62% | +18.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.24% | 16.62% | +17.62% |
IQQ5.DE vs. H41E.DE - Expense Ratio Comparison
IQQ5.DE has a 0.74% expense ratio, which is higher than H41E.DE's 0.35% expense ratio.
Dividends
IQQ5.DE vs. H41E.DE - Dividend Comparison
IQQ5.DE's dividend yield for the trailing twelve months is around 1.79%, while H41E.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 H41E.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H41E.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H41E.DE is cheaper with a 0.35% expense ratio, compared with 0.74% for IQQ5.DE.
IQQ5.DE tracks MSCI Turkey Index, while H41E.DE tracks MSCI Emerging Markets Value SRI ESG Target Select. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.74% for IQQ5.DE and 0.35% for H41E.DE.
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