IQQX.DE vs. H410.DE
IQQX.DE (iShares Asia Pacific Dividend UCITS ETF) and H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) are both Asia Pacific Equities funds - IQQX.DE tracks the Dow Jones Asia/Pacific Select Dividend 50 while H410.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, IQQX.DE returned 6.29%/yr vs 9.77%/yr for H410.DE. A 0.67 correlation means they provide meaningful diversification when combined. IQQX.DE charges 0.59%/yr vs 0.15%/yr for H410.DE.
Performance
IQQX.DE vs. H410.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQX.DE achieves a 13.33% return, which is significantly lower than H410.DE's 27.49% return. Over the past 10 years, IQQX.DE has underperformed H410.DE with an annualized return of 6.29%, while H410.DE has yielded a comparatively higher 9.77% annualized return.
IQQX.DE
- 1D
- -0.33%
- 1M
- -1.88%
- YTD
- 13.33%
- 6M
- 13.65%
- 1Y
- 33.64%
- 3Y*
- 17.75%
- 5Y*
- 10.09%
- 10Y*
- 6.29%
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%
IQQX.DE vs. H410.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQX.DE iShares Asia Pacific Dividend UCITS ETF | 13.33% | 14.78% | 12.48% | 8.98% | 2.81% | 11.77% | -18.85% | 16.80% | -11.26% | 2.03% |
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 IQQX.DE and H410.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.67 |
The correlation between IQQX.DE and H410.DE has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.
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Return for Risk
IQQX.DE vs. H410.DE — Risk / Return Rank
IQQX.DE
H410.DE
IQQX.DE vs. H410.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Asia Pacific Dividend UCITS ETF (IQQX.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.
| IQQX.DE | H410.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.51 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.55 | 4.75 | +0.79 |
| Martin ratioReturn relative to average drawdown | 20.94 | 17.19 | +3.75 |
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
| IQQX.DE | H410.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 2.82 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.49 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.53 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.41 | -0.20 |
Drawdowns
IQQX.DE vs. H410.DE - Drawdown Comparison
The maximum IQQX.DE drawdown since its inception was -69.45%, 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 IQQX.DE and H410.DE.
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Drawdown Indicators
| IQQX.DE | H410.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.45% | -36.25% | -33.20% |
Max Drawdown (1Y)Largest decline over 1 year | -6.18% | -10.48% | +4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -20.28% | -18.96% | -1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -20.28% | -23.76% | +3.48% |
Max Drawdown (10Y)Largest decline over 10 years | -42.78% | -31.68% | -11.10% |
Current DrawdownCurrent decline from peak | -2.62% | -2.80% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -14.55% | -10.25% | -4.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.90% | -1.26% |
Volatility
IQQX.DE vs. H410.DE - Volatility Comparison
The current volatility for iShares Asia Pacific Dividend UCITS ETF (IQQX.DE) is 2.93%, while HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) has a volatility of 7.30%. This indicates that IQQX.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
| IQQX.DE | H410.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 7.30% | -4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.61% | 14.96% | -6.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.06% | 17.70% | -6.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.01% | 16.64% | -3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 18.17% | -2.42% |
IQQX.DE vs. H410.DE - Expense Ratio Comparison
IQQX.DE has a 0.59% expense ratio, which is higher than H410.DE's 0.15% expense ratio.
Dividends
IQQX.DE vs. H410.DE - Dividend Comparison
IQQX.DE's dividend yield for the trailing twelve months is around 3.12%, 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% | 2.58% | 3.11% | 2.00% | 1.69% | 2.03% | 2.20% | 1.62% | 1.71% | 2.28% |
IQQX.DE iShares Asia Pacific Dividend UCITS ETF | 3.12% | 3.64% | 4.84% | 5.36% | 6.66% | 4.62% | 3.16% | 4.85% | 5.09% | 4.16% | 4.03% | 4.88% |
Frequently Asked Questions
IQQX.DE and H410.DE have a correlation of 0.60, 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 0.59% for IQQX.DE.
IQQX.DE tracks Dow Jones Asia/Pacific Select Dividend 50, while H410.DE tracks MSCI Emerging Markets. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.59% for IQQX.DE and 0.15% for H410.DE.
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