IQQ9.DE vs. H41E.DE
IQQ9.DE (iShares BIC 50 UCITS ETF) and H41E.DE (HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - IQQ9.DE tracks the FTSE BIC 50 Net of Tax Index while H41E.DE tracks the MSCI Emerging Markets Value SRI ESG Target Select. Both are passively managed. Over the past 3 years, IQQ9.DE returned 6.20%/yr vs 27.78%/yr for H41E.DE. A 0.71 correlation means they provide meaningful diversification when combined. IQQ9.DE charges 0.74%/yr vs 0.35%/yr for H41E.DE.
Performance
IQQ9.DE vs. H41E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQ9.DE achieves a -8.56% return, which is significantly lower than H41E.DE's 39.52% return.
IQQ9.DE
- 1D
- -0.34%
- 1M
- -4.94%
- YTD
- -8.56%
- 6M
- -12.10%
- 1Y
- -4.68%
- 3Y*
- 6.20%
- 5Y*
- -6.79%
- 10Y*
- 2.77%
H41E.DE
- 1D
- -1.46%
- 1M
- 8.62%
- YTD
- 39.52%
- 6M
- 41.09%
- 1Y
- 68.44%
- 3Y*
- 27.78%
- 5Y*
- —
- 10Y*
- —
IQQ9.DE vs. H41E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IQQ9.DE iShares BIC 50 UCITS ETF | -8.56% | 15.30% | 20.91% | -10.61% | -3.23% |
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 39.52% | 22.02% | 17.74% | 11.43% | -2.00% |
Correlation
The correlation between IQQ9.DE and H41E.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022 | 0.71 |
The correlation between IQQ9.DE and H41E.DE has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
IQQ9.DE vs. H41E.DE — Risk / Return Rank
IQQ9.DE
H41E.DE
IQQ9.DE vs. H41E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BIC 50 UCITS ETF (IQQ9.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.
| IQQ9.DE | H41E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.12 | ||
| Sortino ratioReturn per unit of downside risk | -5.17 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.69 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 7.09 | -7.30 |
| Martin ratioReturn relative to average drawdown | -0.45 | 25.00 | -25.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IQQ9.DE | H41E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | 3.91 | -4.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 1.56 | -1.55 |
Drawdowns
IQQ9.DE vs. H41E.DE - Drawdown Comparison
The maximum IQQ9.DE drawdown since its inception was -65.58%, 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 IQQ9.DE and H41E.DE.
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Drawdown Indicators
| IQQ9.DE | H41E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -20.92% | -44.66% |
Max Drawdown (1Y)Largest decline over 1 year | -18.80% | -9.80% | -9.00% |
Max Drawdown (3Y)Largest decline over 3 years | -22.76% | -20.92% | -1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -52.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -58.63% | — | — |
Current DrawdownCurrent decline from peak | -41.26% | -3.33% | -37.93% |
Average DrawdownAverage peak-to-trough decline | -27.71% | -3.10% | -24.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.51% | 2.79% | +5.72% |
Volatility
IQQ9.DE vs. H41E.DE - Volatility Comparison
The current volatility for iShares BIC 50 UCITS ETF (IQQ9.DE) is 7.44%, while HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) has a volatility of 7.97%. This indicates that IQQ9.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
| IQQ9.DE | H41E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 7.97% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 14.66% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.82% | 17.80% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.68% | 16.06% | +12.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.48% | 16.06% | +9.42% |
IQQ9.DE vs. H41E.DE - Expense Ratio Comparison
IQQ9.DE has a 0.74% expense ratio, which is higher than H41E.DE's 0.35% expense ratio.
Dividends
IQQ9.DE vs. H41E.DE - Dividend Comparison
IQQ9.DE's dividend yield for the trailing twelve months is around 1.60%, 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% |
IQQ9.DE iShares BIC 50 UCITS ETF | 1.60% | 1.78% | 2.75% | 2.66% | 3.70% | 1.62% | 1.51% | 2.03% | 3.03% | 1.99% | 1.83% | 2.71% |
Frequently Asked Questions
IQQ9.DE and H41E.DE have a correlation of 0.64, 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 IQQ9.DE.
IQQ9.DE tracks FTSE BIC 50 Net of Tax 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 IQQ9.DE and 0.35% for H41E.DE.
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