JREM.DE vs. H410.DE

Last updated Jul 16, 2026

JREM.DE (JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) and H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) are both Emerging Markets Equities funds - JREM.DE tracks the JP Morgan Global Emerging Markets Research Enhanced Index Equity (ESG) while H410.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, JREM.DE returned 7.65%/yr vs 7.58%/yr for H410.DE. With a 0.98 correlation, they move nearly in lockstep. JREM.DE charges 0.30%/yr vs 0.15%/yr for H410.DE.

Performance

JREM.DE vs. H410.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREM.DE) and HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JREM.DE achieves a 26.36% return, which is significantly higher than H410.DE's 23.59% return.

JREM.DE

• 1D: -0.61%
• 1M: -5.12%
• 6M: 19.35%
• YTD: 26.36%
• 1Y: 43.65%
• 3Y*: 19.72%
• 5Y*: 7.65%
• 10Y*: —

H410.DE

• 1D: -0.41%
• 1M: -4.81%
• 6M: 16.27%
• YTD: 23.59%
• 1Y: 40.06%
• 3Y*: 19.24%
• 5Y*: 7.58%
• 10Y*: 8.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JREM.DE vs. H410.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JREM.DE JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	26.36%	19.77%	12.77%	4.19%	-15.62%	4.85%	8.48%	24.11%	-16.72%
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD	23.59%	18.65%	13.95%	4.67%	-13.87%	4.04%	6.95%	21.14%	-5.65%

Correlation

The correlation between JREM.DE and H410.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Dec 5, 2018	0.98

The correlation between JREM.DE and H410.DE has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

JREM.DE vs. H410.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JREM.DE

JREM.DE Risk / Return Rank: 83
JREM.DE Sharpe Ratio Rank: 83
JREM.DE Sortino Ratio Rank: 78
JREM.DE Omega Ratio Rank: 81
JREM.DE Calmar Ratio Rank: 89
JREM.DE Martin Ratio Rank: 83

H410.DE

H410.DE Risk / Return Rank: 78
H410.DE Sharpe Ratio Rank: 78
H410.DE Sortino Ratio Rank: 73
H410.DE Omega Ratio Rank: 76
H410.DE Calmar Ratio Rank: 86
H410.DE Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JREM.DE vs. H410.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREM.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.

	JREM.DE	H410.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.99	+0.13
Sortino ratio: Return per unit of downside risk	2.79	2.65	+0.14
Omega ratio: Gain probability vs. loss probability	1.38	1.36	+0.02
Calmar ratio: Return relative to maximum drawdown	4.27	3.81	+0.46
Martin ratio: Return relative to average drawdown	13.09	11.69	+1.40

JREM.DE vs. H410.DE - Sharpe Ratio Comparison

The current JREM.DE Sharpe Ratio is 2.12, which is comparable to the H410.DE Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of JREM.DE and H410.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JREM.DE vs. H410.DE - Drawdown Comparison

The maximum JREM.DE drawdown since its inception was -30.27%, smaller than the maximum H410.DE drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for JREM.DE and H410.DE.

Drawdown Indicators

	JREM.DE	H410.DE	Difference
Max Drawdown Largest peak-to-trough decline	-30.27%	-41.02%	+10.75%
Max Drawdown (1Y) Largest decline over 1 year	-10.18%	-10.47%	+0.29%
Max Drawdown (3Y) Largest decline over 3 years	-19.27%	-19.01%	-0.26%
Max Drawdown (5Y) Largest decline over 5 years	-24.83%	-22.77%	-2.06%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.62%	—
Current Drawdown Current decline from peak	-8.09%	-7.87%	-0.22%
Average Drawdown Average peak-to-trough decline	-11.15%	-13.30%	+2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	3.42%	-0.09%

Volatility

JREM.DE vs. H410.DE - Volatility Comparison

JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREM.DE) and HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) have volatilities of 8.93% and 8.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JREM.DE	H410.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.93%	8.52%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	18.16%	17.56%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	20.57%	20.06%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.48%	17.16%	+0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.67%	18.30%	+1.37%

JREM.DE vs. H410.DE - Expense Ratio Comparison

JREM.DE has a 0.30% expense ratio, which is higher than H410.DE's 0.15% expense ratio.

Dividends

JREM.DE vs. H410.DE - Dividend Comparison

JREM.DE has not paid dividends to shareholders, while H410.DE's dividend yield for the trailing twelve months is around 1.65%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD	1.65%	2.00%	2.40%	2.59%	3.11%	2.00%	1.69%	2.03%	2.20%	1.62%	1.71%	2.28%
JREM.DE JPMorgan Global Emerging Markets Research Enhanced Index Equity (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%

Frequently Asked Questions

Can I hold both JREM.DE and H410.DE in my portfolio?

With a correlation of 0.98, JREM.DE and H410.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, JREM.DE or H410.DE?

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.

Which ETF is cheaper, JREM.DE or H410.DE?

H410.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for JREM.DE.

What is the main difference between JREM.DE and H410.DE?

JREM.DE tracks JP Morgan Global Emerging Markets Research Enhanced Index Equity (ESG), while H410.DE tracks MSCI Emerging Markets. They also come from different issuers: JPMorgan and HSBC. Their fees differ too: 0.30% for JREM.DE and 0.15% for H410.DE.