5HEU.DE vs. OSX2.DE

Last updated Jun 5, 2026

5HEU.DE (Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR)) and OSX2.DE (Ossiam US Minimum Variance ESG UCITS ETF (EUR)) are both exchange-traded funds - 5HEU.DE is a Europe Equities fund tracking the Ossiam ESG Shiller Barclays CAPE® Europe Sector, while OSX2.DE is a Large Cap Value Equities fund tracking the US ESG Minimum Variance. Both are passively managed. At a 0.33 correlation, their price movements are largely independent. 5HEU.DE charges 0.75%/yr vs 0.65%/yr for OSX2.DE.

Performance

5HEU.DE vs. OSX2.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR) (5HEU.DE) and Ossiam US Minimum Variance ESG UCITS ETF (EUR) (OSX2.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

5HEU.DE

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

OSX2.DE

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

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

5HEU.DE vs. OSX2.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
5HEU.DE Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR)	0.00%	4.88%	-2.91%	6.26%	-6.49%
OSX2.DE Ossiam US Minimum Variance ESG UCITS ETF (EUR)	0.00%	-4.33%	21.73%	-1.44%	1.60%

Correlation

The correlation between 5HEU.DE and OSX2.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022	0.33

Return for Risk

5HEU.DE vs. OSX2.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR) (5HEU.DE) and Ossiam US Minimum Variance ESG UCITS ETF (EUR) (OSX2.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Volatility

5HEU.DE vs. OSX2.DE - Expense Ratio Comparison

5HEU.DE has a 0.75% expense ratio, which is higher than OSX2.DE's 0.65% expense ratio.

Dividends

5HEU.DE vs. OSX2.DE - Dividend Comparison

Neither 5HEU.DE nor OSX2.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 5HEU.DE and OSX2.DE in my portfolio?

5HEU.DE and OSX2.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 5HEU.DE or OSX2.DE?

On fees, OSX2.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 5HEU.DE or OSX2.DE?

OSX2.DE is cheaper with a 0.65% expense ratio, compared with 0.75% for 5HEU.DE.

What is the main difference between 5HEU.DE and OSX2.DE?

5HEU.DE is categorized as Europe Equities, while OSX2.DE is Large Cap Value Equities. 5HEU.DE tracks Ossiam ESG Shiller Barclays CAPE® Europe Sector, while OSX2.DE tracks US ESG Minimum Variance. Their fees differ too: 0.75% for 5HEU.DE and 0.65% for OSX2.DE.