LGQM.DE vs. H4Z3.DE
LGQM.DE (Amundi Pan Africa UCITS ETF (Acc)) and H4Z3.DE (HSBC MSCI Emerging Markets UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - LGQM.DE tracks the SGI Pan Africa Index while H4Z3.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 3 years, LGQM.DE returned 18.21%/yr vs 19.25%/yr for H4Z3.DE. A 0.52 correlation means they provide meaningful diversification when combined. LGQM.DE charges 0.85%/yr vs 0.15%/yr for H4Z3.DE.
Performance
LGQM.DE vs. H4Z3.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LGQM.DE achieves a 1.72% return, which is significantly lower than H4Z3.DE's 25.10% return.
LGQM.DE
- 1D
- 2.07%
- 1M
- -0.87%
- 6M
- 1.37%
- YTD
- 1.72%
- 1Y
- 34.79%
- 3Y*
- 18.21%
- 5Y*
- 10.34%
- 10Y*
- 5.74%
H4Z3.DE
- 1D
- 0.00%
- 1M
- -3.70%
- 6M
- 22.51%
- YTD
- 25.10%
- 1Y
- 42.87%
- 3Y*
- 19.25%
- 5Y*
- —
- 10Y*
- —
LGQM.DE vs. H4Z3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LGQM.DE Amundi Pan Africa UCITS ETF (Acc) | 1.72% | 51.40% | 12.14% | -3.16% | 0.80% |
H4Z3.DE HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 25.10% | 18.60% | 13.73% | 4.66% | -5.78% |
Correlation
The correlation between LGQM.DE and H4Z3.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.52 |
The correlation between LGQM.DE and H4Z3.DE has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LGQM.DE vs. H4Z3.DE — Risk / Return Rank
LGQM.DE
H4Z3.DE
LGQM.DE vs. H4Z3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Pan Africa UCITS ETF (Acc) (LGQM.DE) and HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (H4Z3.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.
| LGQM.DE | H4Z3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.40 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 4.11 | -2.33 |
| Martin ratioReturn relative to average drawdown | 4.45 | 13.45 | -9.01 |
Loading charts...
Drawdowns
LGQM.DE vs. H4Z3.DE - Drawdown Comparison
The maximum LGQM.DE drawdown since its inception was -61.98%, which is greater than H4Z3.DE's maximum drawdown of -18.86%. Use the drawdown chart below to compare losses from any high point for LGQM.DE and H4Z3.DE.
Loading charts...
Drawdown Indicators
| LGQM.DE | H4Z3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.98% | -18.86% | -43.12% |
Max Drawdown (1Y)Largest decline over 1 year | -19.42% | -10.47% | -8.95% |
Max Drawdown (3Y)Largest decline over 3 years | -19.42% | -18.86% | -0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -24.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -50.35% | — | — |
Current DrawdownCurrent decline from peak | -11.27% | -7.16% | -4.11% |
Average DrawdownAverage peak-to-trough decline | -26.95% | -4.93% | -22.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.80% | 3.20% | +4.60% |
Volatility
LGQM.DE vs. H4Z3.DE - Volatility Comparison
Amundi Pan Africa UCITS ETF (Acc) (LGQM.DE) has a higher volatility of 10.16% compared to HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (H4Z3.DE) at 9.16%. This indicates that LGQM.DE's price experiences larger fluctuations and is considered to be riskier than H4Z3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LGQM.DE | H4Z3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.16% | 9.16% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 27.65% | 17.05% | +10.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.05% | 19.45% | +12.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.74% | 16.24% | +7.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.12% | 16.24% | +6.88% |
LGQM.DE vs. H4Z3.DE - Expense Ratio Comparison
LGQM.DE has a 0.85% expense ratio, which is higher than H4Z3.DE's 0.15% expense ratio.
Dividends
LGQM.DE vs. H4Z3.DE - Dividend Comparison
Neither LGQM.DE nor H4Z3.DE has paid dividends to shareholders.
Frequently Asked Questions
LGQM.DE and H4Z3.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4Z3.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4Z3.DE is cheaper with a 0.15% expense ratio, compared with 0.85% for LGQM.DE.
LGQM.DE tracks SGI Pan Africa Index, while H4Z3.DE tracks MSCI Emerging Markets. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.85% for LGQM.DE and 0.15% for H4Z3.DE.
Find the right allocation for LGQM.DE and H4Z3.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer