5HEP.L vs. FEX.L
5HEP.L (Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD)) and FEX.L (First Trust US Large Cap Core AlphaDEX® UCITS ETF Class A USD) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from Natixis and First Trust respectively. Both are passively managed. Over the past 5 years, 5HEP.L returned 3.50%/yr vs 12.00%/yr for FEX.L. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.
Performance
5HEP.L vs. FEX.L - Performance Comparison
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Returns By Period
In the year-to-date period, 5HEP.L achieves a -0.99% return, which is significantly lower than FEX.L's 14.35% return.
5HEP.L
- 1D
- 1.36%
- 1M
- -0.86%
- YTD
- -0.99%
- 6M
- -0.29%
- 1Y
- 7.13%
- 3Y*
- 1.62%
- 5Y*
- 3.50%
- 10Y*
- —
FEX.L
- 1D
- -0.08%
- 1M
- 4.14%
- YTD
- 14.35%
- 6M
- 13.84%
- 1Y
- 30.41%
- 3Y*
- 17.43%
- 5Y*
- 12.00%
- 10Y*
- 13.54%
5HEP.L vs. FEX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
5HEP.L Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) | -0.99% | -2.61% | 5.42% | 9.48% | -6.21% | 23.62% | 19.82% | 26.14% | -3.91% |
FEX.L First Trust US Large Cap Core AlphaDEX® UCITS ETF Class A USD | 14.35% | 7.34% | 18.68% | 8.36% | -1.83% | 28.60% | 9.66% | 22.13% | -10.53% |
Correlation
The correlation between 5HEP.L and FEX.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018 | 0.85 |
Over the past year, the correlation between 5HEP.L and FEX.L has dropped to 0.62 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
5HEP.L vs. FEX.L — Risk / Return Rank
5HEP.L
FEX.L
5HEP.L vs. FEX.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) (5HEP.L) and First Trust US Large Cap Core AlphaDEX® UCITS ETF Class A USD (FEX.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.
| 5HEP.L | FEX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.50 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 6.48 | -5.64 |
| Martin ratioReturn relative to average drawdown | 2.12 | 20.58 | -18.46 |
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
| 5HEP.L | FEX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 2.78 | -2.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.83 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.83 | -0.32 |
Drawdowns
5HEP.L vs. FEX.L - Drawdown Comparison
The maximum 5HEP.L drawdown since its inception was -24.16%, smaller than the maximum FEX.L drawdown of -31.58%. Use the drawdown chart below to compare losses from any high point for 5HEP.L and FEX.L.
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Drawdown Indicators
| 5HEP.L | FEX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.16% | -31.58% | +7.42% |
Max Drawdown (1Y)Largest decline over 1 year | -7.77% | -4.63% | -3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -19.08% | -21.34% | +2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -19.08% | -21.34% | +2.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.58% | — |
Current DrawdownCurrent decline from peak | -8.21% | -0.08% | -8.13% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -4.11% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 1.46% | +1.63% |
Volatility
5HEP.L vs. FEX.L - Volatility Comparison
Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) (5HEP.L) and First Trust US Large Cap Core AlphaDEX® UCITS ETF Class A USD (FEX.L) have volatilities of 3.64% and 3.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 5HEP.L | FEX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 3.61% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.56% | 7.22% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.42% | 10.80% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 14.53% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.02% | 16.45% | -0.43% |
5HEP.L vs. FEX.L - Expense Ratio Comparison
Both 5HEP.L and FEX.L have an expense ratio of 0.75%.
Dividends
5HEP.L vs. FEX.L - Dividend Comparison
Neither 5HEP.L nor FEX.L has paid dividends to shareholders.
Frequently Asked Questions
5HEP.L and FEX.L have a correlation of 0.62, 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.
5HEP.L and FEX.L have the same expense ratio: 0.75% per year.
Both ETFs track Russell 1000 TR USD. They also come from different issuers: Natixis and First Trust.
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