XZEM.DE vs. H41E.DE
XZEM.DE (Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C) and H41E.DE (HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - XZEM.DE tracks the MSCI Emerging Markets Low Carbon SRI Leaders while H41E.DE tracks the MSCI Emerging Markets Value SRI ESG Target Select. Both are passively managed. Over the past 3 years, XZEM.DE returned 14.21%/yr vs 27.78%/yr for H41E.DE. Their correlation of 0.90 suggests significant overlap in exposure. XZEM.DE charges 0.25%/yr vs 0.35%/yr for H41E.DE.
Performance
XZEM.DE vs. H41E.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XZEM.DE achieves a 11.70% return, which is significantly lower than H41E.DE's 39.52% return.
XZEM.DE
- 1D
- -1.27%
- 1M
- -0.90%
- YTD
- 11.70%
- 6M
- 10.81%
- 1Y
- 26.52%
- 3Y*
- 14.21%
- 5Y*
- 3.14%
- 10Y*
- —
H41E.DE
- 1D
- -1.46%
- 1M
- 8.62%
- YTD
- 39.52%
- 6M
- 41.09%
- 1Y
- 68.44%
- 3Y*
- 27.78%
- 5Y*
- —
- 10Y*
- —
XZEM.DE vs. H41E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XZEM.DE Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C | 11.70% | 16.53% | 16.91% | 0.19% | -3.13% |
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 39.52% | 22.02% | 17.74% | 11.43% | -2.00% |
Correlation
The correlation between XZEM.DE and H41E.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022 | 0.90 |
The correlation between XZEM.DE and H41E.DE has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XZEM.DE vs. H41E.DE — Risk / Return Rank
XZEM.DE
H41E.DE
XZEM.DE vs. H41E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XZEM.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.
| XZEM.DE | H41E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.69 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 7.09 | -4.52 |
| Martin ratioReturn relative to average drawdown | 8.36 | 25.00 | -16.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XZEM.DE | H41E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 3.91 | -2.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 1.56 | -1.28 |
Drawdowns
XZEM.DE vs. H41E.DE - Drawdown Comparison
The maximum XZEM.DE drawdown since its inception was -37.16%, 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 XZEM.DE and H41E.DE.
Loading charts...
Drawdown Indicators
| XZEM.DE | H41E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -20.92% | -16.24% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -9.80% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -20.90% | -20.92% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | — | — |
Current DrawdownCurrent decline from peak | -3.21% | -3.33% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -16.68% | -3.10% | -13.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.79% | +0.46% |
Volatility
XZEM.DE vs. H41E.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XZEM.DE) is 5.92%, while HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) has a volatility of 7.97%. This indicates that XZEM.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.
Loading charts...
Volatility by Period
| XZEM.DE | H41E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 7.97% | -2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 13.59% | 14.66% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.03% | 17.80% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.53% | 16.06% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 16.06% | +4.66% |
XZEM.DE vs. H41E.DE - Expense Ratio Comparison
XZEM.DE has a 0.25% expense ratio, which is lower than H41E.DE's 0.35% expense ratio.
Dividends
XZEM.DE vs. H41E.DE - Dividend Comparison
Neither XZEM.DE nor H41E.DE has paid dividends to shareholders.
Frequently Asked Questions
XZEM.DE and H41E.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZEM.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for H41E.DE.
XZEM.DE tracks MSCI Emerging Markets Low Carbon SRI Leaders, 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: 0.25% for XZEM.DE and 0.35% for H41E.DE.
Find the right allocation for XZEM.DE and H41E.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer