JREM.DE vs. H4Z1.DE

Last updated Jun 5, 2026

JREM.DE (JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) and H4Z1.DE (HSBC Emerging Market Sustainable Equity UCITS ETF USD) are both Emerging Markets Equities funds - JREM.DE tracks the JP Morgan Global Emerging Markets Research Enhanced Index Equity (ESG) while H4Z1.DE tracks the FTSE Emerging ESG Low Carbon Select. Both are passively managed. Over the past 5 years, JREM.DE returned 8.30%/yr vs 7.17%/yr for H4Z1.DE. Their correlation of 0.94 suggests significant overlap in exposure. JREM.DE charges 0.30%/yr vs 0.18%/yr for H4Z1.DE.

Performance

JREM.DE vs. H4Z1.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 Emerging Market Sustainable Equity UCITS ETF USD (H4Z1.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 30.82% return, which is significantly higher than H4Z1.DE's 16.02% return.

JREM.DE

• 1D: -1.57%
• 1M: 3.96%
• YTD: 30.82%
• 6M: 31.40%
• 1Y: 52.92%
• 3Y*: 21.35%
• 5Y*: 8.30%
• 10Y*: —

H4Z1.DE

• 1D: -0.86%
• 1M: 0.82%
• YTD: 16.02%
• 6M: 14.48%
• 1Y: 33.76%
• 3Y*: 17.28%
• 5Y*: 7.17%
• 10Y*: —

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

JREM.DE vs. H4Z1.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JREM.DE JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	30.82%	19.77%	12.75%	4.21%	-15.62%	4.87%	17.14%
H4Z1.DE HSBC Emerging Market Sustainable Equity UCITS ETF USD	16.02%	14.83%	22.34%	0.83%	-12.35%	8.61%	12.24%

Correlation

The correlation between JREM.DE and H4Z1.DE is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 23, 2020	0.94

The correlation between JREM.DE and H4Z1.DE has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.

Return for Risk

JREM.DE vs. H4Z1.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: 89
JREM.DE Sharpe Ratio Rank: 89
JREM.DE Sortino Ratio Rank: 88
JREM.DE Omega Ratio Rank: 88
JREM.DE Calmar Ratio Rank: 89
JREM.DE Martin Ratio Rank: 89

H4Z1.DE

H4Z1.DE Risk / Return Rank: 68
H4Z1.DE Sharpe Ratio Rank: 66
H4Z1.DE Sortino Ratio Rank: 65
H4Z1.DE Omega Ratio Rank: 62
H4Z1.DE Calmar Ratio Rank: 75
H4Z1.DE Martin Ratio Rank: 71

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. H4Z1.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 Emerging Market Sustainable Equity UCITS ETF USD (H4Z1.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.

	JREM.DE	H4Z1.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.99	2.15	+0.84
Sortino ratio: Return per unit of downside risk	3.96	2.95	+1.01
Omega ratio: Gain probability vs. loss probability	1.54	1.37	+0.17
Calmar ratio: Return relative to maximum drawdown	5.31	3.73	+1.58
Martin ratio: Return relative to average drawdown	19.31	13.07	+6.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JREM.DE vs. H4Z1.DE - Sharpe Ratio Comparison

The current JREM.DE Sharpe Ratio is 2.99, which is higher than the H4Z1.DE Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of JREM.DE and H4Z1.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.

Sharpe Ratios by Period

	JREM.DE	H4Z1.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.99	2.15	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.44	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.64	-0.08

Drawdowns

JREM.DE vs. H4Z1.DE - Drawdown Comparison

The maximum JREM.DE drawdown since its inception was -30.28%, which is greater than H4Z1.DE's maximum drawdown of -22.16%. Use the drawdown chart below to compare losses from any high point for JREM.DE and H4Z1.DE.

Drawdown Indicators

	JREM.DE	H4Z1.DE	Difference
Max Drawdown Largest peak-to-trough decline	-30.28%	-22.16%	-8.12%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	-9.18%	-1.01%
Max Drawdown (3Y) Largest decline over 3 years	-19.29%	-19.53%	+0.24%
Max Drawdown (5Y) Largest decline over 5 years	-25.75%	-20.44%	-5.31%
Current Drawdown Current decline from peak	-2.47%	-2.40%	-0.07%
Average Drawdown Average peak-to-trough decline	-10.68%	-8.60%	-2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	2.62%	+0.19%

Volatility

JREM.DE vs. H4Z1.DE - Volatility Comparison

JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREM.DE) has a higher volatility of 7.19% compared to HSBC Emerging Market Sustainable Equity UCITS ETF USD (H4Z1.DE) at 5.70%. This indicates that JREM.DE's price experiences larger fluctuations and is considered to be riskier than H4Z1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JREM.DE	H4Z1.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.19%	5.70%	+1.49%
Volatility (6M) Calculated over the trailing 6-month period	15.32%	12.47%	+2.85%
Volatility (1Y) Calculated over the trailing 1-year period	18.09%	15.94%	+2.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.94%	16.24%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.97%	16.17%	+2.80%

JREM.DE vs. H4Z1.DE - Expense Ratio Comparison

JREM.DE has a 0.30% expense ratio, which is higher than H4Z1.DE's 0.18% expense ratio.

Dividends

JREM.DE vs. H4Z1.DE - Dividend Comparison

Neither JREM.DE nor H4Z1.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JREM.DE and H4Z1.DE in my portfolio?

JREM.DE and H4Z1.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JREM.DE or H4Z1.DE?

On fees, H4Z1.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JREM.DE or H4Z1.DE?

H4Z1.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for JREM.DE.

What is the main difference between JREM.DE and H4Z1.DE?

JREM.DE tracks JP Morgan Global Emerging Markets Research Enhanced Index Equity (ESG), while H4Z1.DE tracks FTSE Emerging ESG Low Carbon Select. They also come from different issuers: JPMorgan and HSBC. Their fees differ too: 0.30% for JREM.DE and 0.18% for H4Z1.DE.