XMKA.DE vs. H41E.DE
XMKA.DE (Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc)) and H41E.DE (HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - XMKA.DE tracks the MSCI EFM Africa Top 50 Capped Index while H41E.DE tracks the MSCI Emerging Markets Value SRI ESG Target Select. Both are passively managed. Over the past 3 years, XMKA.DE returned 15.85%/yr vs 26.60%/yr for H41E.DE. At a 0.44 correlation, their price movements are largely independent. XMKA.DE charges 0.65%/yr vs 0.35%/yr for H41E.DE.
Performance
XMKA.DE vs. H41E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMKA.DE achieves a 0.44% return, which is significantly lower than H41E.DE's 36.54% return.
XMKA.DE
- 1D
- 0.77%
- 1M
- 2.33%
- 6M
- -1.39%
- YTD
- 0.44%
- 1Y
- 18.36%
- 3Y*
- 15.85%
- 5Y*
- 6.25%
- 10Y*
- 3.73%
H41E.DE
- 1D
- 0.00%
- 1M
- -3.57%
- 6M
- 33.19%
- YTD
- 36.54%
- 1Y
- 60.16%
- 3Y*
- 26.60%
- 5Y*
- —
- 10Y*
- —
XMKA.DE vs. H41E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XMKA.DE Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc) | 0.44% | 36.20% | 10.13% | -6.42% | -1.80% |
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 36.54% | 22.02% | 17.74% | 11.43% | -2.13% |
Correlation
The correlation between XMKA.DE and H41E.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2022 | 0.44 |
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Return for Risk
XMKA.DE vs. H41E.DE — Risk / Return Rank
XMKA.DE
H41E.DE
XMKA.DE vs. H41E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc) (XMKA.DE) and HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.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.
| XMKA.DE | H41E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.54 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 6.17 | -5.04 |
| Martin ratioReturn relative to average drawdown | 2.77 | 19.26 | -16.49 |
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Drawdowns
XMKA.DE vs. H41E.DE - Drawdown Comparison
The maximum XMKA.DE drawdown since its inception was -51.47%, which is greater than H41E.DE's maximum drawdown of -20.92%. Use the drawdown chart below to compare losses from any high point for XMKA.DE and H41E.DE.
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Drawdown Indicators
| XMKA.DE | H41E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.47% | -20.92% | -30.55% |
Max Drawdown (1Y)Largest decline over 1 year | -16.24% | -9.80% | -6.44% |
Max Drawdown (3Y)Largest decline over 3 years | -16.24% | -20.92% | +4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.21% | — | — |
Current DrawdownCurrent decline from peak | -9.25% | -8.20% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -22.03% | -3.13% | -18.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | 3.13% | +3.49% |
Volatility
XMKA.DE vs. H41E.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc) (XMKA.DE) is 6.54%, while HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) has a volatility of 9.36%. This indicates that XMKA.DE experiences smaller price fluctuations and is considered to be less risky than H41E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMKA.DE | H41E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 9.36% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 17.08% | 16.87% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.98% | 19.74% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.07% | 16.62% | +3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.71% | 16.62% | +5.09% |
XMKA.DE vs. H41E.DE - Expense Ratio Comparison
XMKA.DE has a 0.65% expense ratio, which is higher than H41E.DE's 0.35% expense ratio.
Dividends
XMKA.DE vs. H41E.DE - Dividend Comparison
Neither XMKA.DE nor H41E.DE has paid dividends to shareholders.
Frequently Asked Questions
XMKA.DE and H41E.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H41E.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H41E.DE is cheaper with a 0.35% expense ratio, compared with 0.65% for XMKA.DE.
XMKA.DE tracks MSCI EFM Africa Top 50 Capped Index, while H41E.DE tracks MSCI Emerging Markets Value SRI ESG Target Select. They also come from different issuers: Xtrackers and HSBC. Their fees differ too: 0.65% for XMKA.DE and 0.35% for H41E.DE.
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