UEF5.DE vs. H410.DE
UEF5.DE (UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis) and H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) are both Emerging Markets Equities funds - UEF5.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped while H410.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, UEF5.DE returned 8.40%/yr vs 8.62%/yr for H410.DE. Their correlation of 0.92 suggests significant overlap in exposure. UEF5.DE charges 0.24%/yr vs 0.15%/yr for H410.DE.
Performance
UEF5.DE vs. H410.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEF5.DE achieves a 30.02% return, which is significantly higher than H410.DE's 23.59% return. Both investments have delivered pretty close results over the past 10 years, with UEF5.DE having a 8.40% annualized return and H410.DE not far ahead at 8.62%.
UEF5.DE
- 1D
- -0.40%
- 1M
- -5.39%
- 6M
- 23.98%
- YTD
- 30.02%
- 1Y
- 46.73%
- 3Y*
- 22.79%
- 5Y*
- 9.17%
- 10Y*
- 8.40%
H410.DE
- 1D
- -0.41%
- 1M
- -4.81%
- 6M
- 16.27%
- YTD
- 23.59%
- 1Y
- 40.06%
- 3Y*
- 19.24%
- 5Y*
- 7.58%
- 10Y*
- 8.62%
UEF5.DE vs. H410.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UEF5.DE UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis | 30.02% | 20.99% | 15.47% | 3.78% | -15.32% | 6.96% | 5.36% | 14.51% | -7.68% | 16.40% |
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 23.59% | 18.65% | 13.95% | 4.67% | -13.87% | 4.04% | 6.95% | 21.14% | -11.36% | 21.12% |
Correlation
The correlation between UEF5.DE and H410.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 | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2014 | 0.92 |
The correlation between UEF5.DE and H410.DE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
UEF5.DE vs. H410.DE — Risk / Return Rank
UEF5.DE
H410.DE
UEF5.DE vs. H410.DE - 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 (UEF5.DE) and HSBC MSCI Emerging Markets UCITS ETF USD (H410.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.
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.
| UEF5.DE | H410.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.36 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 3.81 | +1.06 |
| Martin ratioReturn relative to average drawdown | 14.12 | 11.69 | +2.43 |
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Drawdowns
UEF5.DE vs. H410.DE - Drawdown Comparison
The maximum UEF5.DE drawdown since its inception was -38.64%, smaller than the maximum H410.DE drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for UEF5.DE and H410.DE.
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Drawdown Indicators
| UEF5.DE | H410.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.64% | -41.02% | +2.38% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -10.47% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -20.35% | -19.01% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -24.36% | -22.77% | -1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -36.70% | -31.62% | -5.08% |
Current DrawdownCurrent decline from peak | -8.62% | -7.87% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -13.27% | -13.30% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 3.42% | -0.12% |
Volatility
UEF5.DE vs. H410.DE - Volatility Comparison
UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UEF5.DE) and HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) have volatilities of 8.23% and 8.52%, 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
| UEF5.DE | H410.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 8.52% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 18.28% | 17.56% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.96% | 20.06% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.10% | 17.16% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.97% | 18.30% | +0.67% |
UEF5.DE vs. H410.DE - Expense Ratio Comparison
UEF5.DE has a 0.24% expense ratio, which is higher than H410.DE'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
UEF5.DE vs. H410.DE - Dividend Comparison
UEF5.DE's dividend yield for the trailing twelve months is around 1.63%, less than H410.DE's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 1.65% | 2.00% | 2.40% | 2.59% | 3.11% | 2.00% | 1.69% | 2.03% | 2.20% | 1.62% | 1.71% | 2.28% |
UEF5.DE UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis | 1.63% | 2.19% | 1.73% | 2.36% | 2.19% | 1.32% | 1.89% | 2.00% | 2.16% | 2.00% | 2.30% | 1.65% |
Frequently Asked Questions
With a correlation of 0.91, UEF5.DE and H410.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, H410.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H410.DE is cheaper with a 0.15% expense ratio, compared with 0.24% for UEF5.DE.
UEF5.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped, while H410.DE tracks MSCI Emerging Markets. They also come from different issuers: UBS and HSBC. Their fees differ too: 0.24% for UEF5.DE and 0.15% for H410.DE.
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