SEDY.L vs. HEMC.L

Last updated Jun 5, 2026

SEDY.L (iShares Emerging Markets Dividend UCITS ETF) and HEMC.L (HSBC MSCI Emerging Markets UCITS ETF USD (Acc)) are both Emerging Markets Equities funds tracking the MSCI EM NR USD, from iShares and HSBC respectively. Both are passively managed. Over the past 3 years, SEDY.L returned 17.66%/yr vs 20.54%/yr for HEMC.L. A 0.74 correlation means they provide meaningful diversification when combined. SEDY.L charges 0.65%/yr vs 0.15%/yr for HEMC.L.

Performance

SEDY.L vs. HEMC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Emerging Markets Dividend UCITS ETF (SEDY.L) and HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (HEMC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SEDY.L is traded in GBp, while HEMC.L is traded in GBP. To make them comparable, the HEMC.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, SEDY.L achieves a 10.72% return, which is significantly lower than HEMC.L's 26.32% return.

SEDY.L

• 1D: -0.38%
• 1M: -1.17%
• YTD: 10.72%
• 6M: 10.19%
• 1Y: 29.05%
• 3Y*: 17.66%
• 5Y*: 5.46%
• 10Y*: 8.20%

HEMC.L

• 1D: -1.65%
• 1M: 6.49%
• YTD: 26.32%
• 6M: 28.17%
• 1Y: 54.26%
• 3Y*: 20.54%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SEDY.L vs. HEMC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SEDY.L iShares Emerging Markets Dividend UCITS ETF	10.72%	18.69%	8.71%	13.01%	-2.27%
HEMC.L HSBC MSCI Emerging Markets UCITS ETF USD (Acc)	26.32%	24.74%	8.89%	2.36%	-2.34%

Correlation

The correlation between SEDY.L and HEMC.L is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022	0.74

The correlation between SEDY.L and HEMC.L has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.

Return for Risk

SEDY.L vs. HEMC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SEDY.L

SEDY.L Risk / Return Rank: 81
SEDY.L Sharpe Ratio Rank: 79
SEDY.L Sortino Ratio Rank: 79
SEDY.L Omega Ratio Rank: 77
SEDY.L Calmar Ratio Rank: 91
SEDY.L Martin Ratio Rank: 81

HEMC.L

HEMC.L Risk / Return Rank: 89
HEMC.L Sharpe Ratio Rank: 91
HEMC.L Sortino Ratio Rank: 89
HEMC.L Omega Ratio Rank: 91
HEMC.L Calmar Ratio Rank: 88
HEMC.L Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SEDY.L vs. HEMC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Dividend UCITS ETF (SEDY.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.

	SEDY.L	HEMC.L	Difference
Sharpe ratio: Return per unit of total volatility	2.53	3.19	-0.66
Sortino ratio: Return per unit of downside risk	3.51	4.08	-0.57
Omega ratio: Gain probability vs. loss probability	1.45	1.59	-0.14
Calmar ratio: Return relative to maximum drawdown	5.95	4.98	+0.97
Martin ratio: Return relative to average drawdown	15.57	17.55	-1.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SEDY.L vs. HEMC.L - Sharpe Ratio Comparison

The current SEDY.L Sharpe Ratio is 2.53, which is comparable to the HEMC.L Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of SEDY.L and HEMC.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SEDY.L	HEMC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	3.19	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.95	-0.66

Drawdowns

SEDY.L vs. HEMC.L - Drawdown Comparison

The maximum SEDY.L drawdown since its inception was -43.56%, which is greater than HEMC.L's maximum drawdown of -15.14%. Use the drawdown chart below to compare losses from any high point for SEDY.L and HEMC.L.

Drawdown Indicators

	SEDY.L	HEMC.L	Difference
Max Drawdown Largest peak-to-trough decline	-43.56%	-15.14%	-28.42%
Max Drawdown (1Y) Largest decline over 1 year	-4.86%	-10.83%	+5.97%
Max Drawdown (3Y) Largest decline over 3 years	-11.92%	-15.14%	+3.22%
Max Drawdown (5Y) Largest decline over 5 years	-29.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.39%	—	—
Current Drawdown Current decline from peak	-3.28%	-2.51%	-0.77%
Average Drawdown Average peak-to-trough decline	-12.16%	-4.25%	-7.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	3.08%	-1.22%

Volatility

SEDY.L vs. HEMC.L - Volatility Comparison

The current volatility for iShares Emerging Markets Dividend UCITS ETF (SEDY.L) is 4.19%, while HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (HEMC.L) has a volatility of 7.44%. This indicates that SEDY.L experiences smaller price fluctuations and is considered to be less risky than HEMC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEDY.L	HEMC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	7.44%	-3.25%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	14.44%	-5.37%
Volatility (1Y) Calculated over the trailing 1-year period	11.43%	16.93%	-5.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.75%	15.44%	-0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.22%	15.44%	+0.78%

SEDY.L vs. HEMC.L - Expense Ratio Comparison

SEDY.L has a 0.65% expense ratio, which is higher than HEMC.L's 0.15% expense ratio.

Dividends

SEDY.L vs. HEMC.L - Dividend Comparison

SEDY.L's dividend yield for the trailing twelve months is around 5.28%, while HEMC.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%	0.00%
SEDY.L iShares Emerging Markets Dividend UCITS ETF	5.28%	5.72%	7.74%	7.98%	9.33%	6.41%	5.11%	5.84%	5.54%	4.08%	4.25%	6.31%

Frequently Asked Questions

Can I hold both SEDY.L and HEMC.L in my portfolio?

SEDY.L and HEMC.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SEDY.L or HEMC.L?

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.

Which ETF is cheaper, SEDY.L or HEMC.L?

HEMC.L is cheaper with a 0.15% expense ratio, compared with 0.65% for SEDY.L.

What is the main difference between SEDY.L and HEMC.L?

Both ETFs track MSCI EM NR USD. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.65% for SEDY.L and 0.15% for HEMC.L.