UC79.L vs. HEMC.L
UC79.L (UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis) and HEMC.L (HSBC MSCI Emerging Markets UCITS ETF USD (Acc)) are both Emerging Markets Equities funds tracking the MSCI EM NR USD, from UBS and HSBC respectively. Both are passively managed. Over the past 3 years, UC79.L returned 24.35%/yr vs 20.54%/yr for HEMC.L. Their correlation of 0.94 suggests significant overlap in exposure. UC79.L charges 0.27%/yr vs 0.15%/yr for HEMC.L.
Performance
UC79.L vs. HEMC.L - Performance Comparison
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Different Trading Currencies
UC79.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, UC79.L achieves a 33.24% return, which is significantly higher than HEMC.L's 26.32% return.
UC79.L
- 1D
- -1.64%
- 1M
- 8.63%
- YTD
- 33.24%
- 6M
- 35.28%
- 1Y
- 64.62%
- 3Y*
- 24.35%
- 5Y*
- 10.24%
- 10Y*
- 10.59%
HEMC.L
- 1D
- -1.65%
- 1M
- 6.49%
- YTD
- 26.32%
- 6M
- 28.17%
- 1Y
- 54.26%
- 3Y*
- 20.54%
- 5Y*
- —
- 10Y*
- —
UC79.L vs. HEMC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UC79.L UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis | 33.24% | 26.95% | 10.88% | 1.14% | -4.12% |
HEMC.L HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 26.32% | 24.74% | 8.89% | 2.36% | -2.34% |
Correlation
The correlation between UC79.L and HEMC.L is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.94 |
The correlation between UC79.L and HEMC.L has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
UC79.L vs. HEMC.L — Risk / Return Rank
UC79.L
HEMC.L
UC79.L vs. HEMC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UC79.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.
| UC79.L | HEMC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.59 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 4.98 | -2.50 |
| Martin ratioReturn relative to average drawdown | 4.47 | 17.55 | -13.08 |
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
| UC79.L | HEMC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 3.19 | -1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.95 | -0.81 |
Drawdowns
UC79.L vs. HEMC.L - Drawdown Comparison
The maximum UC79.L drawdown since its inception was -53.04%, 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 UC79.L and HEMC.L.
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Drawdown Indicators
| UC79.L | HEMC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.04% | -15.14% | -37.90% |
Max Drawdown (1Y)Largest decline over 1 year | -25.91% | -10.83% | -15.08% |
Max Drawdown (3Y)Largest decline over 3 years | -25.91% | -15.14% | -10.77% |
Max Drawdown (5Y)Largest decline over 5 years | -25.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.46% | — | — |
Current DrawdownCurrent decline from peak | -2.45% | -2.51% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -21.80% | -4.25% | -17.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.42% | 3.08% | +11.34% |
Volatility
UC79.L vs. HEMC.L - Volatility Comparison
UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UC79.L) has a higher volatility of 8.44% compared to HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (HEMC.L) at 7.44%. This indicates that UC79.L's price experiences larger fluctuations and is considered to be riskier than HEMC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UC79.L | HEMC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.44% | 7.44% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 15.21% | 14.44% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.59% | 16.93% | +27.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.99% | 15.44% | +9.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.01% | 15.44% | +9.57% |
UC79.L vs. HEMC.L - Expense Ratio Comparison
UC79.L has a 0.27% 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
UC79.L vs. HEMC.L - Dividend Comparison
UC79.L's dividend yield for the trailing twelve months is around 1.59%, 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% |
UC79.L UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis | 1.59% | 2.14% | 1.79% | 2.38% | 2.06% | 1.35% | 1.81% | 2.11% | 2.11% | 1.97% | 2.15% | 1.60% |
Frequently Asked Questions
With a correlation of 0.93, UC79.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 0.27% for UC79.L.
Both ETFs track MSCI EM NR USD. They also come from different issuers: UBS and HSBC. Their fees differ too: 0.27% for UC79.L and 0.15% for HEMC.L.
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