XPQP.DE vs. H4Z3.DE
XPQP.DE (Xtrackers MSCI Philippines UCITS ETF 1C) and H4Z3.DE (HSBC MSCI Emerging Markets UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - XPQP.DE tracks the MSCI Philippines Investable Market Total Return Net Index while H4Z3.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 3 years, XPQP.DE returned -3.20%/yr vs 20.42%/yr for H4Z3.DE. At a 0.37 correlation, their price movements are largely independent. XPQP.DE charges 0.65%/yr vs 0.15%/yr for H4Z3.DE.
Performance
XPQP.DE vs. H4Z3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XPQP.DE achieves a -2.31% return, which is significantly lower than H4Z3.DE's 27.75% return.
XPQP.DE
- 1D
- 0.05%
- 1M
- -0.41%
- YTD
- -2.31%
- 6M
- -1.01%
- 1Y
- -12.08%
- 3Y*
- -3.20%
- 5Y*
- -2.71%
- 10Y*
- -3.84%
H4Z3.DE
- 1D
- -1.67%
- 1M
- 3.67%
- YTD
- 27.75%
- 6M
- 28.22%
- 1Y
- 49.05%
- 3Y*
- 20.42%
- 5Y*
- —
- 10Y*
- —
XPQP.DE vs. H4Z3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XPQP.DE Xtrackers MSCI Philippines UCITS ETF 1C | -2.31% | -10.06% | 3.70% | -2.43% | -1.93% |
H4Z3.DE HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 27.75% | 18.60% | 13.73% | 4.66% | -6.26% |
Correlation
The correlation between XPQP.DE and H4Z3.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.37 |
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Return for Risk
XPQP.DE vs. H4Z3.DE — Risk / Return Rank
XPQP.DE
H4Z3.DE
XPQP.DE vs. H4Z3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Philippines UCITS ETF 1C (XPQP.DE) and HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (H4Z3.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.
| XPQP.DE | H4Z3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.26 | ||
| Sortino ratioReturn per unit of downside risk | -4.24 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.52 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 4.77 | -5.38 |
| Martin ratioReturn relative to average drawdown | -1.09 | 17.12 | -18.21 |
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
| XPQP.DE | H4Z3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.42 | 2.85 | -3.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.91 | -0.90 |
Drawdowns
XPQP.DE vs. H4Z3.DE - Drawdown Comparison
The maximum XPQP.DE drawdown since its inception was -53.15%, which is greater than H4Z3.DE's maximum drawdown of -18.86%. Use the drawdown chart below to compare losses from any high point for XPQP.DE and H4Z3.DE.
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Drawdown Indicators
| XPQP.DE | H4Z3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.15% | -18.86% | -34.29% |
Max Drawdown (1Y)Largest decline over 1 year | -19.19% | -10.47% | -8.72% |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | -18.86% | -7.61% |
Max Drawdown (5Y)Largest decline over 5 years | -28.22% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.68% | — | — |
Current DrawdownCurrent decline from peak | -42.03% | -2.73% | -39.30% |
Average DrawdownAverage peak-to-trough decline | -26.75% | -4.95% | -21.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.82% | 2.92% | +7.90% |
Volatility
XPQP.DE vs. H4Z3.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Philippines UCITS ETF 1C (XPQP.DE) is 6.03%, while HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (H4Z3.DE) has a volatility of 7.35%. This indicates that XPQP.DE experiences smaller price fluctuations and is considered to be less risky than H4Z3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XPQP.DE | H4Z3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 7.35% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 15.18% | 14.91% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.33% | 17.54% | +10.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.93% | 15.77% | +4.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.77% | 15.77% | +6.00% |
XPQP.DE vs. H4Z3.DE - Expense Ratio Comparison
XPQP.DE has a 0.65% expense ratio, which is higher than H4Z3.DE's 0.15% expense ratio.
Dividends
XPQP.DE vs. H4Z3.DE - Dividend Comparison
Neither XPQP.DE nor H4Z3.DE has paid dividends to shareholders.
Frequently Asked Questions
XPQP.DE and H4Z3.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4Z3.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4Z3.DE is cheaper with a 0.15% expense ratio, compared with 0.65% for XPQP.DE.
XPQP.DE tracks MSCI Philippines Investable Market Total Return Net Index, while H4Z3.DE tracks MSCI Emerging Markets. They also come from different issuers: Xtrackers and HSBC. Their fees differ too: 0.65% for XPQP.DE and 0.15% for H4Z3.DE.
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