5HED.L vs. S6EW.L
5HED.L (Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD)) and S6EW.L (Ossiam Lux - Ossiam STOXX Europe 600 ESG Equal Weight NR UCITS ETF 1C (EUR)) are both exchange-traded funds - 5HED.L is a Large Cap Blend Equities fund actively managed by Ossiam, while S6EW.L is a Europe Equities fund tracking the Ossiam Lux - Ossiam STOXX Europe 600 ESG Equal Weight NR UCITS ETF 1C (EUR). 5HED.L is actively managed, while S6EW.L is passively managed. Over the past 5 years, 5HED.L returned 2.73%/yr vs 4.97%/yr for S6EW.L. A 0.64 correlation means they provide meaningful diversification when combined. 5HED.L charges 0.75%/yr vs 0.35%/yr for S6EW.L.
Performance
5HED.L vs. S6EW.L - Performance Comparison
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Different Trading Currencies
5HED.L is traded in USD, while S6EW.L is traded in EUR. To make them comparable, the S6EW.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 5HED.L achieves a 2.40% return, which is significantly lower than S6EW.L's 6.08% 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*
- —
S6EW.L
- 1D
- 0.88%
- 1M
- 0.26%
- 6M
- 4.71%
- YTD
- 6.08%
- 1Y
- 14.31%
- 3Y*
- 12.87%
- 5Y*
- 4.97%
- 10Y*
- 8.47%
5HED.L vs. S6EW.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% |
S6EW.L Ossiam Lux - Ossiam STOXX Europe 600 ESG Equal Weight NR UCITS ETF 1C (EUR) | 6.08% | 32.83% | -1.92% | 18.49% | -23.23% | 13.18% | 10.62% | 25.17% | -15.84% |
Correlation
The correlation between 5HED.L and S6EW.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2018 | 0.64 |
The correlation between 5HED.L and S6EW.L has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.
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Return for Risk
5HED.L vs. S6EW.L — Risk / Return Rank
5HED.L
S6EW.L
5HED.L vs. S6EW.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 Ossiam Lux - Ossiam STOXX Europe 600 ESG Equal Weight NR UCITS ETF 1C (EUR) (S6EW.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 | S6EW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.18 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 1.17 | -0.24 |
| Martin ratioReturn relative to average drawdown | 2.31 | 3.96 | -1.65 |
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Drawdowns
5HED.L vs. S6EW.L - Drawdown Comparison
The maximum 5HED.L drawdown since its inception was -32.84%, smaller than the maximum S6EW.L drawdown of -41.16%. Use the drawdown chart below to compare losses from any high point for 5HED.L and S6EW.L.
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Drawdown Indicators
| 5HED.L | S6EW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.84% | -41.16% | +8.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -12.22% | +3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -18.06% | -15.50% | -2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | -41.16% | +18.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.16% | — |
Current DrawdownCurrent decline from peak | -2.94% | -0.66% | -2.28% |
Average DrawdownAverage peak-to-trough decline | -5.74% | -9.31% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 3.61% | -0.02% |
Volatility
5HED.L vs. S6EW.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 Ossiam Lux - Ossiam STOXX Europe 600 ESG Equal Weight NR UCITS ETF 1C (EUR) (S6EW.L) at 3.86%. This indicates that 5HED.L's price experiences larger fluctuations and is considered to be riskier than S6EW.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 | S6EW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 3.86% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 9.48% | 12.37% | -2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.80% | 14.83% | -3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.98% | 19.06% | -3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 18.28% | -0.02% |
5HED.L vs. S6EW.L - Expense Ratio Comparison
5HED.L has a 0.75% expense ratio, which is higher than S6EW.L's 0.35% expense ratio.
Dividends
5HED.L vs. S6EW.L - Dividend Comparison
Neither 5HED.L nor S6EW.L has paid dividends to shareholders.
Frequently Asked Questions
5HED.L and S6EW.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, S6EW.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
S6EW.L is cheaper with a 0.35% expense ratio, compared with 0.75% for 5HED.L.
5HED.L is categorized as Large Cap Blend Equities, while S6EW.L is Europe Equities. Their fees differ too: 0.75% for 5HED.L and 0.35% for S6EW.L.
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