SEDM.L vs. HEMC.L
SEDM.L (iShares MSCI EM IMI Screened UCITS ETF USD (Dist)) and HEMC.L (HSBC MSCI Emerging Markets UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - SEDM.L tracks the MSCI EM IMI Screened Index while HEMC.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 3 years, SEDM.L returned 20.07%/yr vs 19.69%/yr for HEMC.L. Their correlation of 0.89 suggests significant overlap in exposure. SEDM.L charges 0.18%/yr vs 0.15%/yr for HEMC.L.
Performance
SEDM.L vs. HEMC.L - Performance Comparison
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Different Trading Currencies
SEDM.L is traded in USD, while HEMC.L is traded in GBP. To make them comparable, the HEMC.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with SEDM.L having a 18.51% return and HEMC.L slightly lower at 17.69%.
SEDM.L
- 1D
- 2.10%
- 1M
- -7.21%
- 6M
- 13.19%
- YTD
- 18.51%
- 1Y
- 31.62%
- 3Y*
- 20.07%
- 5Y*
- 6.98%
- 10Y*
- —
- ALL TIME*
- 9.88%
HEMC.L
- 1D
- 0.00%
- 1M
- -8.57%
- 6M
- 11.90%
- YTD
- 17.69%
- 1Y
- 32.52%
- 3Y*
- 19.69%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.13%
SEDM.L vs. HEMC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SEDM.L iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 18.51% | 32.84% | 7.40% | 10.53% | -4.65% |
HEMC.L HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 17.69% | 34.15% | 7.08% | 8.45% | -22.22% |
Correlation
The correlation between SEDM.L and HEMC.L is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.89 |
The correlation between SEDM.L and HEMC.L has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
SEDM.L vs. HEMC.L — Risk / Return Rank
SEDM.L
HEMC.L
SEDM.L vs. HEMC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM IMI Screened UCITS ETF USD (Dist) (SEDM.L) and HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (HEMC.L). 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.
| SEDM.L | HEMC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.18 | +1.18 |
| Martin ratioReturn relative to average drawdown | 7.30 | 2.17 | +5.13 |
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Drawdowns
SEDM.L vs. HEMC.L - Drawdown Comparison
The maximum SEDM.L drawdown since its inception was -38.83%, which is greater than HEMC.L's maximum drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for SEDM.L and HEMC.L.
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Drawdown Indicators
| SEDM.L | HEMC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -32.92% | -5.91% |
Max Drawdown (1Y)Largest decline over 1 year | -13.30% | -27.53% | +14.23% |
Max Drawdown (3Y)Largest decline over 3 years | -17.22% | -27.53% | +10.31% |
Max Drawdown (5Y)Largest decline over 5 years | -34.83% | — | — |
Current DrawdownCurrent decline from peak | -8.57% | -10.23% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -12.84% | -13.56% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 14.98% | -10.66% |
Volatility
SEDM.L vs. HEMC.L - Volatility Comparison
iShares MSCI EM IMI Screened UCITS ETF USD (Dist) (SEDM.L) and HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (HEMC.L) have volatilities of 9.25% and 9.09%, 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
| SEDM.L | HEMC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.25% | 9.09% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 19.84% | 19.30% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.98% | 45.83% | -23.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.02% | 31.60% | -12.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 31.60% | -11.39% |
SEDM.L vs. HEMC.L - Expense Ratio Comparison
SEDM.L has a 0.18% expense ratio, which is higher than HEMC.L'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
SEDM.L vs. HEMC.L - Dividend Comparison
SEDM.L's dividend yield for the trailing twelve months is around 1.71%, while HEMC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HEMC.L HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SEDM.L iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 1.71% | 1.96% | 2.37% | 2.33% | 2.56% | 1.83% | 1.51% | 2.23% |
Frequently Asked Questions
With a correlation of 0.94, SEDM.L and HEMC.L 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, HEMC.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HEMC.L is cheaper with a 0.15% expense ratio, compared with 0.18% for SEDM.L.
SEDM.L tracks MSCI EM IMI Screened Index, while HEMC.L tracks MSCI EM NR USD. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.18% for SEDM.L and 0.15% for HEMC.L.
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