XDEM.DE vs. HEMC.L
XDEM.DE (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) and HEMC.L (HSBC MSCI Emerging Markets UCITS ETF USD (Acc)) are both exchange-traded funds - XDEM.DE is a Momentum fund tracking the MSCI World Momentum Index, while HEMC.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 3 years, XDEM.DE returned 26.15%/yr vs 20.36%/yr for HEMC.L. At a 0.50 correlation, their price movements are largely independent. XDEM.DE charges 0.25%/yr vs 0.15%/yr for HEMC.L.
Performance
XDEM.DE vs. HEMC.L - Performance Comparison
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Different Trading Currencies
XDEM.DE is traded in EUR, while HEMC.L is traded in GBP. To make them comparable, the HEMC.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDEM.DE achieves a 22.76% return, which is significantly lower than HEMC.L's 27.45% return.
XDEM.DE
- 1D
- -0.95%
- 1M
- 8.67%
- YTD
- 22.76%
- 6M
- 23.73%
- 1Y
- 31.52%
- 3Y*
- 26.15%
- 5Y*
- 14.74%
- 10Y*
- 15.65%
HEMC.L
- 1D
- -1.74%
- 1M
- 6.29%
- YTD
- 27.45%
- 6M
- 29.46%
- 1Y
- 50.22%
- 3Y*
- 20.36%
- 5Y*
- —
- 10Y*
- —
XDEM.DE vs. HEMC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XDEM.DE Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 22.76% | 8.09% | 38.24% | 8.17% | 3.09% |
HEMC.L HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 27.45% | 18.23% | 14.15% | 4.53% | -5.01% |
Correlation
The correlation between XDEM.DE and HEMC.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.50 |
The correlation between XDEM.DE and HEMC.L shifts across timeframes, from 0.50 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XDEM.DE vs. HEMC.L — Risk / Return Rank
XDEM.DE
HEMC.L
XDEM.DE vs. HEMC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) 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.
| XDEM.DE | HEMC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.51 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 4.66 | -1.19 |
| Martin ratioReturn relative to average drawdown | 13.27 | 16.92 | -3.65 |
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
| XDEM.DE | HEMC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 2.83 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.92 | -0.02 |
Drawdowns
XDEM.DE vs. HEMC.L - Drawdown Comparison
The maximum XDEM.DE drawdown since its inception was -30.93%, which is greater than HEMC.L's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for XDEM.DE and HEMC.L.
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Drawdown Indicators
| XDEM.DE | HEMC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.93% | -17.74% | -13.19% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -10.73% | +1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -23.51% | -17.74% | -5.77% |
Max Drawdown (5Y)Largest decline over 5 years | -23.51% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.93% | — | — |
Current DrawdownCurrent decline from peak | -0.95% | -2.68% | +1.73% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -4.92% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 2.96% | -0.60% |
Volatility
XDEM.DE vs. HEMC.L - Volatility Comparison
The current volatility for Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) is 5.80%, while HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (HEMC.L) has a volatility of 7.54%. This indicates that XDEM.DE 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.
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Volatility by Period
| XDEM.DE | HEMC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 7.54% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 14.20% | 14.83% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 17.70% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 15.87% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.85% | 15.87% | +1.98% |
XDEM.DE vs. HEMC.L - Expense Ratio Comparison
XDEM.DE has a 0.25% 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
XDEM.DE vs. HEMC.L - Dividend Comparison
Neither XDEM.DE nor HEMC.L has paid dividends to shareholders.
Frequently Asked Questions
XDEM.DE and HEMC.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.25% for XDEM.DE.
XDEM.DE is categorized as Momentum, while HEMC.L is Emerging Markets Equities. XDEM.DE tracks MSCI World Momentum Index, while HEMC.L tracks MSCI EM NR USD. They also come from different issuers: DWS and HSBC. Their fees differ too: 0.25% for XDEM.DE and 0.15% for HEMC.L.
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