SADM.DE vs. H41E.DE
SADM.DE (Amundi MSCI Emerging ESG Leaders - UCITS ETF) and H41E.DE (HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - SADM.DE tracks the MSCI Emerging Markets Extended ESG Leaders 5% Issuer Capped while H41E.DE tracks the MSCI Emerging Markets Value SRI ESG Target Select. Both are passively managed. Over the past 3 years, SADM.DE returned 14.44%/yr vs 27.78%/yr for H41E.DE. Their correlation of 0.89 suggests significant overlap in exposure. SADM.DE charges 0.18%/yr vs 0.35%/yr for H41E.DE.
Performance
SADM.DE vs. H41E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SADM.DE achieves a 13.18% return, which is significantly lower than H41E.DE's 39.52% return.
SADM.DE
- 1D
- -2.01%
- 1M
- 2.05%
- YTD
- 13.18%
- 6M
- 13.48%
- 1Y
- 28.74%
- 3Y*
- 14.44%
- 5Y*
- 4.21%
- 10Y*
- —
H41E.DE
- 1D
- -1.46%
- 1M
- 11.44%
- YTD
- 39.52%
- 6M
- 42.99%
- 1Y
- 69.89%
- 3Y*
- 27.78%
- 5Y*
- —
- 10Y*
- —
SADM.DE vs. H41E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SADM.DE Amundi MSCI Emerging ESG Leaders - UCITS ETF | 13.18% | 18.73% | 12.63% | 0.17% | -2.84% |
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 39.52% | 22.02% | 17.74% | 11.43% | -2.00% |
Correlation
The correlation between SADM.DE and H41E.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022 | 0.89 |
The correlation between SADM.DE and H41E.DE has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
SADM.DE vs. H41E.DE — Risk / Return Rank
SADM.DE
H41E.DE
SADM.DE vs. H41E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging ESG Leaders - UCITS ETF (SADM.DE) and HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.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.
| SADM.DE | H41E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.69 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 7.09 | -4.06 |
| Martin ratioReturn relative to average drawdown | 9.77 | 25.00 | -15.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SADM.DE | H41E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 3.91 | -2.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 1.56 | -1.06 |
Drawdowns
SADM.DE vs. H41E.DE - Drawdown Comparison
The maximum SADM.DE drawdown since its inception was -27.30%, which is greater than H41E.DE's maximum drawdown of -20.92%. Use the drawdown chart below to compare losses from any high point for SADM.DE and H41E.DE.
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Drawdown Indicators
| SADM.DE | H41E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.30% | -20.92% | -6.38% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -9.80% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -20.92% | +2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -26.42% | — | — |
Current DrawdownCurrent decline from peak | -3.17% | -3.33% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -11.37% | -3.10% | -8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 2.79% | +0.14% |
Volatility
SADM.DE vs. H41E.DE - Volatility Comparison
The current volatility for Amundi MSCI Emerging ESG Leaders - UCITS ETF (SADM.DE) is 5.86%, while HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) has a volatility of 7.97%. This indicates that SADM.DE experiences smaller price fluctuations and is considered to be less risky than H41E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SADM.DE | H41E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 7.97% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 13.63% | 14.66% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.94% | 17.80% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 16.06% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 16.06% | +0.91% |
SADM.DE vs. H41E.DE - Expense Ratio Comparison
SADM.DE has a 0.18% expense ratio, which is lower than H41E.DE's 0.35% expense ratio.
Dividends
SADM.DE vs. H41E.DE - Dividend Comparison
Neither SADM.DE nor H41E.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, SADM.DE and H41E.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, SADM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SADM.DE is cheaper with a 0.18% expense ratio, compared with 0.35% for H41E.DE.
SADM.DE tracks MSCI Emerging Markets Extended ESG Leaders 5% Issuer Capped, while H41E.DE tracks MSCI Emerging Markets Value SRI ESG Target Select. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.18% for SADM.DE and 0.35% for H41E.DE.
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