VFEA.DE vs. H410.DE
VFEA.DE (Vanguard FTSE Emerging Markets UCITS ETF Acc) and H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) are both Emerging Markets Equities funds - VFEA.DE tracks the FTSE Emerging while H410.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, VFEA.DE returned 5.49%/yr vs 6.91%/yr for H410.DE. With a 0.96 correlation, they move nearly in lockstep. VFEA.DE charges 0.22%/yr vs 0.15%/yr for H410.DE.
Performance
VFEA.DE vs. H410.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VFEA.DE achieves a 10.01% return, which is significantly lower than H410.DE's 19.79% return.
VFEA.DE
- 1D
- -2.07%
- 1M
- -3.40%
- 6M
- 4.93%
- YTD
- 10.01%
- 1Y
- 19.02%
- 3Y*
- 14.49%
- 5Y*
- 5.49%
- 10Y*
- —
H410.DE
- 1D
- -1.87%
- 1M
- -8.04%
- 6M
- 12.07%
- YTD
- 19.79%
- 1Y
- 34.11%
- 3Y*
- 18.31%
- 5Y*
- 6.91%
- 10Y*
- 8.22%
VFEA.DE vs. H410.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VFEA.DE Vanguard FTSE Emerging Markets UCITS ETF Acc | 10.01% | 11.25% | 19.29% | 3.32% | -10.71% | 6.34% | 3.46% | 0.02% |
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 19.79% | 18.65% | 13.95% | 4.67% | -13.87% | 4.04% | 6.95% | 9.02% |
Correlation
The correlation between VFEA.DE and H410.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.96 |
The correlation between VFEA.DE and H410.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
VFEA.DE vs. H410.DE — Risk / Return Rank
VFEA.DE
H410.DE
VFEA.DE vs. H410.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEA.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.
| VFEA.DE | H410.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 3.17 | -0.93 |
| Martin ratioReturn relative to average drawdown | 7.04 | 9.64 | -2.60 |
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Drawdowns
VFEA.DE vs. H410.DE - Drawdown Comparison
The maximum VFEA.DE drawdown since its inception was -30.51%, smaller than the maximum H410.DE drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for VFEA.DE and H410.DE.
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Drawdown Indicators
| VFEA.DE | H410.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.51% | -41.02% | +10.51% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -10.71% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -18.97% | -19.01% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -19.98% | -22.77% | +2.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.62% | — |
Current DrawdownCurrent decline from peak | -5.70% | -10.71% | +5.01% |
Average DrawdownAverage peak-to-trough decline | -8.65% | -13.30% | +4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 3.53% | -0.84% |
Volatility
VFEA.DE vs. H410.DE - Volatility Comparison
The current volatility for Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEA.DE) is 5.41%, while HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) has a volatility of 8.22%. This indicates that VFEA.DE experiences smaller price fluctuations and is considered to be less risky than H410.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFEA.DE | H410.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 8.22% | -2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 12.89% | 17.70% | -4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.79% | 20.15% | -4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 17.18% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.51% | 18.31% | +0.20% |
VFEA.DE vs. H410.DE - Expense Ratio Comparison
VFEA.DE has a 0.22% 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
VFEA.DE vs. H410.DE - Dividend Comparison
VFEA.DE has not paid dividends to shareholders, while H410.DE's dividend yield for the trailing twelve months is around 1.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 1.71% | 2.00% | 2.40% | 2.59% | 3.11% | 2.00% | 1.69% | 2.03% | 2.20% | 1.62% | 1.71% | 2.28% |
VFEA.DE Vanguard FTSE Emerging Markets UCITS ETF 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% |
Frequently Asked Questions
With a correlation of 0.92, VFEA.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 0.22% for VFEA.DE.
VFEA.DE tracks FTSE Emerging, while H410.DE tracks MSCI Emerging Markets. They also come from different issuers: Vanguard and HSBC. Their fees differ too: 0.22% for VFEA.DE and 0.15% for H410.DE.
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