WTEI.DE vs. H410.DE
WTEI.DE (WisdomTree Emerging Markets Equity Income UCITS ETF) and H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) are both Emerging Markets Equities funds - WTEI.DE tracks the WisdomTree Emerging Markets Equity Income while H410.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, WTEI.DE returned 9.66%/yr vs 9.78%/yr for H410.DE. Their correlation of 0.85 suggests significant overlap in exposure. WTEI.DE charges 0.46%/yr vs 0.15%/yr for H410.DE.
Performance
WTEI.DE vs. H410.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTEI.DE achieves a 19.25% return, which is significantly lower than H410.DE's 27.39% return. Both investments have delivered pretty close results over the past 10 years, with WTEI.DE having a 9.66% annualized return and H410.DE not far ahead at 9.78%.
WTEI.DE
- 1D
- -1.29%
- 1M
- 0.18%
- YTD
- 19.25%
- 6M
- 20.17%
- 1Y
- 25.88%
- 3Y*
- 15.84%
- 5Y*
- 10.67%
- 10Y*
- 9.66%
H410.DE
- 1D
- -1.24%
- 1M
- 0.53%
- YTD
- 27.39%
- 6M
- 29.46%
- 1Y
- 46.98%
- 3Y*
- 20.80%
- 5Y*
- 7.83%
- 10Y*
- 9.78%
WTEI.DE vs. H410.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTEI.DE WisdomTree Emerging Markets Equity Income UCITS ETF | 19.25% | 7.76% | 11.70% | 16.82% | -7.16% | 22.68% | -15.24% | 23.06% | -3.85% | 10.46% |
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 27.39% | 18.65% | 13.95% | 4.67% | -13.87% | 4.04% | 6.95% | 21.14% | -11.36% | 21.12% |
Correlation
The correlation between WTEI.DE and H410.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2014 | 0.85 |
The correlation between WTEI.DE and H410.DE shifts across timeframes, from 0.68 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WTEI.DE vs. H410.DE — Risk / Return Rank
WTEI.DE
H410.DE
WTEI.DE vs. H410.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Equity Income UCITS ETF (WTEI.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.
| WTEI.DE | H410.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.44 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 4.44 | -0.28 |
| Martin ratioReturn relative to average drawdown | 14.67 | 15.04 | -0.37 |
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Drawdowns
WTEI.DE vs. H410.DE - Drawdown Comparison
The maximum WTEI.DE drawdown since its inception was -43.36%, which is greater than H410.DE's maximum drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for WTEI.DE and H410.DE.
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Drawdown Indicators
| WTEI.DE | H410.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.36% | -41.02% | -2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -10.47% | +4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -19.01% | +3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -16.76% | -23.75% | +6.99% |
Max Drawdown (10Y)Largest decline over 10 years | -35.60% | -31.62% | -3.98% |
Current DrawdownCurrent decline from peak | -4.21% | -5.04% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -10.18% | -13.33% | +3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 3.10% | -1.40% |
Volatility
WTEI.DE vs. H410.DE - Volatility Comparison
The current volatility for WisdomTree Emerging Markets Equity Income UCITS ETF (WTEI.DE) is 4.97%, while HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) has a volatility of 8.77%. This indicates that WTEI.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
| WTEI.DE | H410.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 8.77% | -3.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.39% | 16.81% | -6.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.22% | 19.15% | -5.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 17.00% | -3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 18.27% | -0.09% |
WTEI.DE vs. H410.DE - Expense Ratio Comparison
WTEI.DE has a 0.46% expense ratio, which is higher than H410.DE's 0.15% expense ratio.
Dividends
WTEI.DE vs. H410.DE - Dividend Comparison
WTEI.DE's dividend yield for the trailing twelve months is around 3.74%, more than H410.DE's 1.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 1.60% | 2.00% | 2.40% | 2.59% | 3.11% | 2.00% | 1.69% | 2.03% | 2.20% | 1.62% | 1.71% | 2.28% |
WTEI.DE WisdomTree Emerging Markets Equity Income UCITS ETF | 3.74% | 4.53% | 7.52% | 6.96% | 7.43% | 3.95% | 4.96% | 4.05% | 4.27% | 3.25% | 1.60% | 4.60% |
Frequently Asked Questions
WTEI.DE and H410.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.46% for WTEI.DE.
WTEI.DE tracks WisdomTree Emerging Markets Equity Income, while H410.DE tracks MSCI Emerging Markets. They also come from different issuers: WisdomTree and HSBC. Their fees differ too: 0.46% for WTEI.DE and 0.15% for H410.DE.
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