5HED.L vs. FEXU.L
5HED.L (Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD)) and FEXU.L (First Trust US Large Cap Core AlphaDEX UCITS ETF) are both Large Cap Blend Equities funds. 5HED.L is actively managed, while FEXU.L is passively managed. Over the past 5 years, 5HED.L returned 2.73%/yr vs 10.86%/yr for FEXU.L. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
5HED.L vs. FEXU.L - Performance Comparison
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Returns By Period
In the year-to-date period, 5HED.L achieves a 2.40% return, which is significantly lower than FEXU.L's 13.98% return.
5HED.L
- 1D
- 0.61%
- 1M
- 1.51%
- 6M
- 0.20%
- YTD
- 2.40%
- 1Y
- 8.32%
- 3Y*
- 4.25%
- 5Y*
- 2.73%
- 10Y*
- —
FEXU.L
- 1D
- -0.66%
- 1M
- -2.13%
- 6M
- 10.97%
- YTD
- 13.98%
- 1Y
- 23.64%
- 3Y*
- 17.77%
- 5Y*
- 10.86%
- 10Y*
- 12.38%
5HED.L vs. FEXU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
5HED.L Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) | 2.40% | 4.27% | 3.80% | 15.96% | -16.20% | 22.01% | 24.02% | 28.11% | -10.96% |
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF | 13.98% | 15.23% | 16.68% | 14.66% | -12.27% | 26.82% | 13.52% | 26.07% | -16.68% |
Correlation
The correlation between 5HED.L and FEXU.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2018 | 0.76 |
The correlation between 5HED.L and FEXU.L shifts across timeframes, from 0.59 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
5HED.L vs. FEXU.L — Risk / Return Rank
5HED.L
FEXU.L
5HED.L vs. FEXU.L - 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.L) and First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.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.
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.
| 5HED.L | FEXU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.33 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 4.23 | -3.31 |
| Martin ratioReturn relative to average drawdown | 2.31 | 13.80 | -11.49 |
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Drawdowns
5HED.L vs. FEXU.L - Drawdown Comparison
The maximum 5HED.L drawdown since its inception was -32.84%, smaller than the maximum FEXU.L drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for 5HED.L and FEXU.L.
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Drawdown Indicators
| 5HED.L | FEXU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.84% | -39.38% | +6.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -5.56% | -3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -18.06% | -20.15% | +2.09% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | -20.80% | -1.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.38% | — |
Current DrawdownCurrent decline from peak | -2.94% | -2.73% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -5.74% | -4.37% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 1.71% | +1.88% |
Volatility
5HED.L vs. FEXU.L - Volatility Comparison
Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) (5HED.L) has a higher volatility of 4.43% compared to First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L) at 3.96%. This indicates that 5HED.L's price experiences larger fluctuations and is considered to be riskier than FEXU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 5HED.L | FEXU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 3.96% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.48% | 9.47% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.80% | 12.55% | -0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.98% | 16.35% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 17.31% | +0.95% |
5HED.L vs. FEXU.L - Expense Ratio Comparison
Both 5HED.L and FEXU.L have an expense ratio of 0.75%.
Dividends
5HED.L vs. FEXU.L - Dividend Comparison
Neither 5HED.L nor FEXU.L has paid dividends to shareholders.
Frequently Asked Questions
5HED.L and FEXU.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
5HED.L and FEXU.L have the same expense ratio: 0.75% per year.
They also come from different issuers: Ossiam and First Trust.
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