5HED.DE vs. OP6E.DE
5HED.DE (Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD)) and OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) are both exchange-traded funds - 5HED.DE is a Large Cap Blend Equities fund tracking the Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector, while OP6E.DE is a Asia Pacific Equities fund tracking the Bloomberg PAB APAC DM ex-Japan Large & Mid Cap. Both are passively managed. Over the past 3 years, 5HED.DE returned 4.27%/yr vs 11.93%/yr for OP6E.DE. A 0.59 correlation means they provide meaningful diversification when combined. 5HED.DE charges 0.75%/yr vs 0.29%/yr for OP6E.DE.
Performance
5HED.DE vs. OP6E.DE - Performance Comparison
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Different Trading Currencies
5HED.DE is traded in USD, while OP6E.DE is traded in EUR. To make them comparable, the OP6E.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 5HED.DE achieves a -1.48% return, which is significantly lower than OP6E.DE's 3.26% return.
5HED.DE
- 1D
- 1.38%
- 1M
- -0.55%
- YTD
- -1.48%
- 6M
- 1.60%
- 1Y
- 5.35%
- 3Y*
- 4.27%
- 5Y*
- 2.39%
- 10Y*
- —
OP6E.DE
- 1D
- -0.50%
- 1M
- -4.17%
- YTD
- 3.26%
- 6M
- 5.64%
- 1Y
- 9.07%
- 3Y*
- 11.93%
- 5Y*
- —
- 10Y*
- —
5HED.DE vs. OP6E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
5HED.DE Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) | -1.48% | 4.29% | 4.19% | 16.05% | -8.10% |
OP6E.DE Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) | 3.26% | 20.10% | 8.59% | 3.59% | 1.95% |
Correlation
The correlation between 5HED.DE and OP6E.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.59 |
The correlation between 5HED.DE and OP6E.DE shifts across timeframes, from 0.47 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
5HED.DE vs. OP6E.DE — Risk / Return Rank
5HED.DE
OP6E.DE
5HED.DE vs. OP6E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) (5HED.DE) and Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.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.
| 5HED.DE | OP6E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.13 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 1.01 | -0.42 |
| Martin ratioReturn relative to average drawdown | 1.60 | 2.84 | -1.25 |
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
| 5HED.DE | OP6E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.71 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.56 | -0.09 |
Drawdowns
5HED.DE vs. OP6E.DE - Drawdown Comparison
The maximum 5HED.DE drawdown since its inception was -32.82%, which is greater than OP6E.DE's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for 5HED.DE and OP6E.DE.
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Drawdown Indicators
| 5HED.DE | OP6E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.82% | -18.58% | -14.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -9.31% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -16.04% | -2.30% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | — | — |
Current DrawdownCurrent decline from peak | -6.37% | -6.10% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -5.74% | -5.14% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 3.31% | +0.03% |
Volatility
5HED.DE vs. OP6E.DE - Volatility Comparison
Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) (5HED.DE) has a higher volatility of 4.08% compared to Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) at 3.13%. This indicates that 5HED.DE's price experiences larger fluctuations and is considered to be riskier than OP6E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 5HED.DE | OP6E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 3.13% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 8.71% | 10.38% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.74% | 13.23% | -1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 17.26% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.62% | 17.26% | +0.36% |
5HED.DE vs. OP6E.DE - Expense Ratio Comparison
5HED.DE has a 0.75% expense ratio, which is higher than OP6E.DE's 0.29% expense ratio.
Dividends
5HED.DE vs. OP6E.DE - Dividend Comparison
Neither 5HED.DE nor OP6E.DE has paid dividends to shareholders.
Frequently Asked Questions
5HED.DE and OP6E.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OP6E.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OP6E.DE is cheaper with a 0.29% expense ratio, compared with 0.75% for 5HED.DE.
5HED.DE is categorized as Large Cap Blend Equities, while OP6E.DE is Asia Pacific Equities. 5HED.DE tracks Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector, while OP6E.DE tracks Bloomberg PAB APAC DM ex-Japan Large & Mid Cap. Their fees differ too: 0.75% for 5HED.DE and 0.29% for OP6E.DE.
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