5HEE.DE vs. 5HEU.DE

Last updated Jun 5, 2026

5HEE.DE (Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF (EUR)) and 5HEU.DE (Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR)) are both exchange-traded funds - 5HEE.DE is a Large Cap Blend Equities fund tracking the Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector, while 5HEU.DE is a Europe Equities fund tracking the Ossiam ESG Shiller Barclays CAPE® Europe Sector. Both are passively managed. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

5HEE.DE vs. 5HEU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF (EUR) (5HEE.DE) and Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR) (5HEU.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

5HEE.DE

• 1D: 1.23%
• 1M: 0.17%
• YTD: -0.31%
• 6M: 1.91%
• 1Y: 3.54%
• 3Y*: 1.44%
• 5Y*: 3.33%
• 10Y*: —

5HEU.DE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

5HEE.DE vs. 5HEU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
5HEE.DE Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF (EUR)	-0.31%	-7.39%	10.30%	11.99%	-5.68%
5HEU.DE Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR)	0.00%	4.88%	-2.91%	6.26%	-6.49%

Correlation

The correlation between 5HEE.DE and 5HEU.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022	0.49

Over the past year, the correlation between 5HEE.DE and 5HEU.DE has dropped to 0.29 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.

Return for Risk

5HEE.DE vs. 5HEU.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

5HEE.DE

5HEE.DE Risk / Return Rank: 14
5HEE.DE Sharpe Ratio Rank: 14
5HEE.DE Sortino Ratio Rank: 13
5HEE.DE Omega Ratio Rank: 13
5HEE.DE Calmar Ratio Rank: 15
5HEE.DE Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

5HEE.DE vs. 5HEU.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 (EUR) (5HEE.DE) and Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR) (5HEU.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.

	5HEE.DE	5HEU.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.32	—	—
Sortino ratio: Return per unit of downside risk	0.52	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.51	—	—
Martin ratio: Return relative to average drawdown	1.26	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	5HEE.DE	5HEU.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.32	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	—	—

Drawdowns

Drawdown Indicators

	5HEE.DE	5HEU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-32.56%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.95%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.48%	—	—
Current Drawdown Current decline from peak	-11.85%	—	—
Average Drawdown Average peak-to-trough decline	-6.34%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	—	—

Volatility

Volatility by Period

	5HEE.DE	5HEU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.94%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.91%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.90%	—	—

5HEE.DE vs. 5HEU.DE - Expense Ratio Comparison

Both 5HEE.DE and 5HEU.DE have an expense ratio of 0.75%.

Dividends

5HEE.DE vs. 5HEU.DE - Dividend Comparison

Neither 5HEE.DE nor 5HEU.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 5HEE.DE and 5HEU.DE in my portfolio?

5HEE.DE and 5HEU.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 5HEE.DE or 5HEU.DE?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 5HEE.DE or 5HEU.DE?

5HEE.DE and 5HEU.DE have the same expense ratio: 0.75% per year.

What is the main difference between 5HEE.DE and 5HEU.DE?

5HEE.DE is categorized as Large Cap Blend Equities, while 5HEU.DE is Europe Equities. 5HEE.DE tracks Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector, while 5HEU.DE tracks Ossiam ESG Shiller Barclays CAPE® Europe Sector.