IQQT.DE vs. H410.DE
IQQT.DE (iShares MSCI Taiwan UCITS ETF) and H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) are both Asia Pacific Equities funds - IQQT.DE tracks the MSCI Taiwan 20/35 while H410.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, IQQT.DE returned 21.81%/yr vs 9.77%/yr for H410.DE. A 0.78 correlation means they provide meaningful diversification when combined. IQQT.DE charges 0.74%/yr vs 0.15%/yr for H410.DE.
Performance
IQQT.DE vs. H410.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQT.DE achieves a 70.08% return, which is significantly higher than H410.DE's 27.49% return. Over the past 10 years, IQQT.DE has outperformed H410.DE with an annualized return of 21.81%, while H410.DE has yielded a comparatively lower 9.77% annualized return.
IQQT.DE
- 1D
- -1.61%
- 1M
- 12.50%
- YTD
- 70.08%
- 6M
- 72.22%
- 1Y
- 110.41%
- 3Y*
- 40.38%
- 5Y*
- 22.82%
- 10Y*
- 21.81%
H410.DE
- 1D
- -1.81%
- 1M
- 3.71%
- YTD
- 27.49%
- 6M
- 27.95%
- 1Y
- 49.05%
- 3Y*
- 20.39%
- 5Y*
- 8.17%
- 10Y*
- 9.77%
IQQT.DE vs. H410.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQT.DE iShares MSCI Taiwan UCITS ETF | 70.08% | 17.20% | 30.72% | 24.49% | -25.21% | 38.46% | 22.44% | 39.61% | -5.81% | 12.48% |
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 27.49% | 18.61% | 13.89% | 4.66% | -13.80% | 3.98% | 7.04% | 21.02% | -11.31% | 21.15% |
Correlation
The correlation between IQQT.DE and H410.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.78 |
The correlation between IQQT.DE and H410.DE has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.
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Return for Risk
IQQT.DE vs. H410.DE — Risk / Return Rank
IQQT.DE
H410.DE
IQQT.DE vs. H410.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Taiwan UCITS ETF (IQQT.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.
| IQQT.DE | H410.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.72 | 1.51 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 12.46 | 4.75 | +7.70 |
| Martin ratioReturn relative to average drawdown | 35.53 | 17.19 | +18.34 |
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
| IQQT.DE | H410.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.62 | 2.82 | +1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 0.49 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.04 | 0.53 | +0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.41 | +0.07 |
Drawdowns
IQQT.DE vs. H410.DE - Drawdown Comparison
The maximum IQQT.DE drawdown since its inception was -57.60%, which is greater than H410.DE's maximum drawdown of -36.25%. Use the drawdown chart below to compare losses from any high point for IQQT.DE and H410.DE.
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Drawdown Indicators
| IQQT.DE | H410.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.60% | -36.25% | -21.35% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -10.48% | +1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -31.65% | -18.96% | -12.69% |
Max Drawdown (5Y)Largest decline over 5 years | -32.51% | -23.76% | -8.75% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | -31.68% | -0.83% |
Current DrawdownCurrent decline from peak | -1.61% | -2.80% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -12.71% | -10.25% | -2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.90% | +0.24% |
Volatility
IQQT.DE vs. H410.DE - Volatility Comparison
iShares MSCI Taiwan UCITS ETF (IQQT.DE) has a higher volatility of 10.13% compared to HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) at 7.30%. This indicates that IQQT.DE's price experiences larger fluctuations and is considered to be riskier 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
| IQQT.DE | H410.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.13% | 7.30% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 19.53% | 14.96% | +4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.10% | 17.70% | +6.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.89% | 16.64% | +5.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.80% | 18.17% | +2.63% |
IQQT.DE vs. H410.DE - Expense Ratio Comparison
IQQT.DE has a 0.74% expense ratio, which is higher than H410.DE's 0.15% expense ratio.
Dividends
IQQT.DE vs. H410.DE - Dividend Comparison
IQQT.DE's dividend yield for the trailing twelve months is around 0.89%, less 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% | 2.58% | 3.11% | 2.00% | 1.69% | 2.03% | 2.20% | 1.62% | 1.71% | 2.28% |
IQQT.DE iShares MSCI Taiwan UCITS ETF | 0.89% | 1.51% | 1.36% | 2.17% | 3.61% | 1.31% | 1.80% | 2.17% | 2.76% | 2.74% | 2.91% | 3.26% |
Frequently Asked Questions
IQQT.DE and H410.DE have a correlation of 0.83, 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 IQQT.DE.
IQQT.DE tracks MSCI Taiwan 20/35, while H410.DE tracks MSCI Emerging Markets. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.74% for IQQT.DE and 0.15% for H410.DE.
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