SEDM.L vs. HKOD.L
SEDM.L (iShares MSCI EM IMI Screened UCITS ETF USD (Dist)) and HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) are both Global Equities funds - SEDM.L tracks the iShares MSCI EM IMI Screened UCITS ETF USD (Dist) while HKOD.L tracks the HSBC MSCI KOREA CAPPED UCITS ETF. Both are passively managed. Over the past 5 years, SEDM.L returned 6.74%/yr vs 14.71%/yr for HKOD.L. Their correlation of 0.81 suggests significant overlap in exposure. SEDM.L charges 0.18%/yr vs 0.50%/yr for HKOD.L.
Performance
SEDM.L vs. HKOD.L - Performance Comparison
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Returns By Period
In the year-to-date period, SEDM.L achieves a 18.00% return, which is significantly lower than HKOD.L's 70.37% return.
SEDM.L
- 1D
- -0.77%
- 1M
- -7.30%
- 6M
- 12.55%
- YTD
- 18.00%
- 1Y
- 33.61%
- 3Y*
- 19.38%
- 5Y*
- 6.74%
- 10Y*
- —
HKOD.L
- 1D
- -1.67%
- 1M
- -20.60%
- 6M
- 52.67%
- YTD
- 70.37%
- 1Y
- 138.83%
- 3Y*
- 37.85%
- 5Y*
- 14.71%
- 10Y*
- 14.34%
SEDM.L vs. HKOD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SEDM.L iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 18.00% | 32.84% | 7.40% | 10.53% | -20.48% | -1.52% | 19.90% | 16.95% | 1.21% |
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 70.37% | 99.54% | -22.90% | 19.95% | -28.44% | -8.49% | 45.08% | 10.64% | -2.60% |
Correlation
The correlation between SEDM.L and HKOD.L is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.81 |
The correlation between SEDM.L and HKOD.L has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
SEDM.L vs. HKOD.L — Risk / Return Rank
SEDM.L
HKOD.L
SEDM.L vs. HKOD.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 KOREA CAPPED UCITS ETF (HKOD.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 | HKOD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.45 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 5.77 | -3.26 |
| Martin ratioReturn relative to average drawdown | 8.04 | 17.93 | -9.89 |
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Drawdowns
SEDM.L vs. HKOD.L - Drawdown Comparison
The maximum SEDM.L drawdown since its inception was -38.83%, smaller than the maximum HKOD.L drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for SEDM.L and HKOD.L.
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Drawdown Indicators
| SEDM.L | HKOD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -50.54% | +11.71% |
Max Drawdown (1Y)Largest decline over 1 year | -13.30% | -24.00% | +10.70% |
Max Drawdown (3Y)Largest decline over 3 years | -17.22% | -29.48% | +12.26% |
Max Drawdown (5Y)Largest decline over 5 years | -34.83% | -47.65% | +12.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.54% | — |
Current DrawdownCurrent decline from peak | -8.97% | -24.00% | +15.03% |
Average DrawdownAverage peak-to-trough decline | -12.85% | -18.79% | +5.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 7.75% | -3.58% |
Volatility
SEDM.L vs. HKOD.L - Volatility Comparison
The current volatility for iShares MSCI EM IMI Screened UCITS ETF USD (Dist) (SEDM.L) is 8.85%, while HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a volatility of 20.20%. This indicates that SEDM.L experiences smaller price fluctuations and is considered to be less risky than HKOD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEDM.L | HKOD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.85% | 20.20% | -11.35% |
Volatility (6M)Calculated over the trailing 6-month period | 19.60% | 41.23% | -21.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.74% | 45.10% | -23.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.98% | 29.74% | -10.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.19% | 26.96% | -6.77% |
SEDM.L vs. HKOD.L - Expense Ratio Comparison
SEDM.L has a 0.18% expense ratio, which is lower than HKOD.L's 0.50% expense ratio.
Dividends
SEDM.L vs. HKOD.L - Dividend Comparison
SEDM.L's dividend yield for the trailing twelve months is around 1.71%, more than HKOD.L's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 0.43% | 0.68% | 1.54% | 1.08% | 0.72% | 0.61% | 0.02% | 0.29% | 0.56% | 0.10% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
SEDM.L and HKOD.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEDM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEDM.L is cheaper with a 0.18% expense ratio, compared with 0.50% for HKOD.L.
SEDM.L tracks iShares MSCI EM IMI Screened UCITS ETF USD (Dist), while HKOD.L tracks HSBC MSCI KOREA CAPPED UCITS ETF. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.18% for SEDM.L and 0.50% for HKOD.L.
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