5HEP.L vs. LEMV.L

Last updated Jun 4, 2026

5HEP.L (Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD)) and LEMV.L (Ossiam Europe ESG Machine Learning ETF UCITS (EUR)) are both exchange-traded funds - 5HEP.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while LEMV.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, 5HEP.L returned 3.22%/yr vs 6.86%/yr for LEMV.L. A 0.56 correlation means they provide meaningful diversification when combined. 5HEP.L charges 0.75%/yr vs 0.45%/yr for LEMV.L.

Performance

5HEP.L vs. LEMV.L - 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 1A (USD) (5HEP.L) and Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (LEMV.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 5HEP.L achieves a -2.31% return, which is significantly lower than LEMV.L's 3.75% return.

5HEP.L

• 1D: -0.40%
• 1M: -1.74%
• YTD: -2.31%
• 6M: -0.77%
• 1Y: 5.48%
• 3Y*: 1.31%
• 5Y*: 3.22%
• 10Y*: —

LEMV.L

• 1D: -0.21%
• 1M: -1.62%
• YTD: 3.75%
• 6M: 5.46%
• 1Y: 6.56%
• 3Y*: 11.10%
• 5Y*: 6.86%
• 10Y*: 7.82%

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

5HEP.L vs. LEMV.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)	-2.31%	-2.61%	5.42%	9.48%	-6.21%	23.62%	19.82%	26.14%	-3.91%
LEMV.L Ossiam Europe ESG Machine Learning ETF UCITS (EUR)	3.75%	17.91%	9.36%	4.61%	-9.18%	15.18%	6.43%	12.42%	-5.76%

Correlation

The correlation between 5HEP.L and LEMV.L is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018	0.56

The correlation between 5HEP.L and LEMV.L shifts across timeframes, from 0.43 (3 years) to 0.56 (all time), reflecting how their relationship changes across market environments.

Return for Risk

5HEP.L vs. LEMV.L — Risk / Return Rank

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

5HEP.L

5HEP.L Risk / Return Rank: 17
5HEP.L Sharpe Ratio Rank: 17
5HEP.L Sortino Ratio Rank: 17
5HEP.L Omega Ratio Rank: 16
5HEP.L Calmar Ratio Rank: 18
5HEP.L Martin Ratio Rank: 17

LEMV.L

LEMV.L Risk / Return Rank: 20
LEMV.L Sharpe Ratio Rank: 20
LEMV.L Sortino Ratio Rank: 19
LEMV.L Omega Ratio Rank: 20
LEMV.L Calmar Ratio Rank: 18
LEMV.L Martin Ratio Rank: 21

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.

5HEP.L vs. LEMV.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 Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (LEMV.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	LEMV.L	Difference
Sharpe ratio: Return per unit of total volatility	0.53	0.64	-0.11
Sortino ratio: Return per unit of downside risk	0.81	0.92	-0.11
Omega ratio: Gain probability vs. loss probability	1.09	1.12	-0.03
Calmar ratio: Return relative to maximum drawdown	0.70	0.71	-0.01
Martin ratio: Return relative to average drawdown	1.78	2.43	-0.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

5HEP.L vs. LEMV.L - Sharpe Ratio Comparison

The current 5HEP.L Sharpe Ratio is 0.53, which is comparable to the LEMV.L Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of 5HEP.L and LEMV.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	5HEP.L	LEMV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.53	0.64	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.58	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.69	-0.19

Drawdowns

5HEP.L vs. LEMV.L - Drawdown Comparison

The maximum 5HEP.L drawdown since its inception was -24.16%, roughly equal to the maximum LEMV.L drawdown of -23.95%. Use the drawdown chart below to compare losses from any high point for 5HEP.L and LEMV.L.

Drawdown Indicators

	5HEP.L	LEMV.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.16%	-23.95%	-0.21%
Max Drawdown (1Y) Largest decline over 1 year	-7.77%	-9.17%	+1.40%
Max Drawdown (3Y) Largest decline over 3 years	-19.08%	-9.93%	-9.15%
Max Drawdown (5Y) Largest decline over 5 years	-19.08%	-17.93%	-1.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-23.95%	—
Current Drawdown Current decline from peak	-9.44%	-3.90%	-5.54%
Average Drawdown Average peak-to-trough decline	-5.18%	-3.95%	-1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	2.69%	+0.37%

Volatility

5HEP.L vs. LEMV.L - Volatility Comparison

Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) (5HEP.L) has a higher volatility of 3.46% compared to Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (LEMV.L) at 2.82%. This indicates that 5HEP.L's price experiences larger fluctuations and is considered to be riskier than LEMV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	5HEP.L	LEMV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	2.82%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	7.44%	8.67%	-1.23%
Volatility (1Y) Calculated over the trailing 1-year period	10.41%	10.31%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.90%	11.80%	+2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.02%	12.49%	+3.53%

5HEP.L vs. LEMV.L - Expense Ratio Comparison

5HEP.L has a 0.75% expense ratio, which is higher than LEMV.L's 0.45% expense ratio.

Dividends

5HEP.L vs. LEMV.L - Dividend Comparison

Neither 5HEP.L nor LEMV.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 5HEP.L and LEMV.L in my portfolio?

5HEP.L and LEMV.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 5HEP.L or LEMV.L?

On fees, LEMV.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 5HEP.L or LEMV.L?

LEMV.L is cheaper with a 0.45% expense ratio, compared with 0.75% for 5HEP.L.

What is the main difference between 5HEP.L and LEMV.L?

5HEP.L is categorized as Large Cap Blend Equities, while LEMV.L is Europe Equities. 5HEP.L tracks Russell 1000 TR USD, while LEMV.L tracks MSCI Europe NR EUR. Their fees differ too: 0.75% for 5HEP.L and 0.45% for LEMV.L.