OM3Y.DE vs. H4Z3.DE
OM3Y.DE (iShares MSCI EM IMI Screened UCITS ETF USD (Dist)) and H4Z3.DE (HSBC MSCI Emerging Markets UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - OM3Y.DE tracks the MSCI Emerging Markets IMI Screened Index while H4Z3.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 3 years, OM3Y.DE returned 19.94%/yr vs 19.25%/yr for H4Z3.DE. With a 0.97 correlation, they move nearly in lockstep. OM3Y.DE charges 0.18%/yr vs 0.15%/yr for H4Z3.DE.
Performance
OM3Y.DE vs. H4Z3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OM3Y.DE achieves a 27.24% return, which is significantly higher than H4Z3.DE's 25.10% return.
OM3Y.DE
- 1D
- 2.31%
- 1M
- -0.96%
- 6M
- 24.29%
- YTD
- 27.24%
- 1Y
- 43.57%
- 3Y*
- 19.94%
- 5Y*
- 8.21%
- 10Y*
- —
H4Z3.DE
- 1D
- 0.00%
- 1M
- -3.70%
- 6M
- 22.51%
- YTD
- 25.10%
- 1Y
- 42.87%
- 3Y*
- 19.25%
- 5Y*
- —
- 10Y*
- —
OM3Y.DE vs. H4Z3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OM3Y.DE iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 27.24% | 17.76% | 13.99% | 6.72% | -5.99% |
H4Z3.DE HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 25.10% | 18.60% | 13.73% | 4.66% | -5.78% |
Correlation
The correlation between OM3Y.DE and H4Z3.DE is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.97 |
The correlation between OM3Y.DE and H4Z3.DE has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
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Return for Risk
OM3Y.DE vs. H4Z3.DE — Risk / Return Rank
OM3Y.DE
H4Z3.DE
OM3Y.DE vs. H4Z3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM IMI Screened UCITS ETF USD (Dist) (OM3Y.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.
| OM3Y.DE | H4Z3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 4.11 | -0.23 |
| Martin ratioReturn relative to average drawdown | 13.16 | 13.45 | -0.29 |
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Drawdowns
OM3Y.DE vs. H4Z3.DE - Drawdown Comparison
The maximum OM3Y.DE drawdown since its inception was -31.70%, 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 OM3Y.DE and H4Z3.DE.
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Drawdown Indicators
| OM3Y.DE | H4Z3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -18.86% | -12.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -10.47% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -18.86% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -23.39% | — | — |
Current DrawdownCurrent decline from peak | -4.55% | -7.16% | +2.61% |
Average DrawdownAverage peak-to-trough decline | -8.72% | -4.93% | -3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 3.20% | +0.10% |
Volatility
OM3Y.DE vs. H4Z3.DE - Volatility Comparison
iShares MSCI EM IMI Screened UCITS ETF USD (Dist) (OM3Y.DE) and HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (H4Z3.DE) have volatilities of 9.28% and 9.16%, 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.
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Volatility by Period
| OM3Y.DE | H4Z3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.28% | 9.16% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 17.14% | 17.05% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.60% | 19.45% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 16.24% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 16.24% | +3.27% |
OM3Y.DE vs. H4Z3.DE - Expense Ratio Comparison
OM3Y.DE has a 0.18% expense ratio, which is higher than H4Z3.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
OM3Y.DE vs. H4Z3.DE - Dividend Comparison
OM3Y.DE's dividend yield for the trailing twelve months is around 1.61%, while H4Z3.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
H4Z3.DE HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OM3Y.DE iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 1.61% | 1.98% | 2.33% | 2.35% | 2.59% | 1.82% | 1.58% | 2.23% |
Frequently Asked Questions
With a correlation of 0.97, OM3Y.DE and H4Z3.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.
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 0.18% for OM3Y.DE.
OM3Y.DE tracks MSCI Emerging Markets IMI Screened Index, while H4Z3.DE tracks MSCI Emerging Markets. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.18% for OM3Y.DE and 0.15% for H4Z3.DE.
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