EL4Z.DE vs. 5HED.DE
EL4Z.DE (Deka MSCI USA UCITS ETF) and 5HED.DE (Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD)) are both Large Cap Blend Equities funds - EL4Z.DE tracks the MSCI USA while 5HED.DE tracks the Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector. Both are passively managed. Over the past 5 years, EL4Z.DE returned 13.83%/yr vs 3.35%/yr for 5HED.DE. Their correlation of 0.81 suggests significant overlap in exposure. EL4Z.DE charges 0.30%/yr vs 0.75%/yr for 5HED.DE.
Performance
EL4Z.DE vs. 5HED.DE - Performance Comparison
Loading charts...
Different Trading Currencies
EL4Z.DE is traded in EUR, while 5HED.DE is traded in USD. To make them comparable, the 5HED.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EL4Z.DE achieves a 11.05% return, which is significantly higher than 5HED.DE's -0.34% return.
EL4Z.DE
- 1D
- -0.11%
- 1M
- 4.50%
- YTD
- 11.05%
- 6M
- 10.47%
- 1Y
- 24.48%
- 3Y*
- 18.53%
- 5Y*
- 13.83%
- 10Y*
- 14.39%
5HED.DE
- 1D
- 1.25%
- 1M
- -1.08%
- YTD
- -0.34%
- 6M
- 0.74%
- 1Y
- 4.20%
- 3Y*
- 1.50%
- 5Y*
- 3.35%
- 10Y*
- —
EL4Z.DE vs. 5HED.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EL4Z.DE Deka MSCI USA UCITS ETF | 11.05% | 3.99% | 32.17% | 22.99% | -16.37% | 38.20% | 9.12% | 33.84% | -6.92% |
5HED.DE Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) | -0.34% | -7.59% | 10.48% | 12.57% | -11.75% | 32.56% | 12.72% | 34.00% | -5.07% |
Correlation
The correlation between EL4Z.DE and 5HED.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2018 | 0.81 |
Over the past year, the correlation between EL4Z.DE and 5HED.DE has dropped to 0.47 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EL4Z.DE vs. 5HED.DE — Risk / Return Rank
EL4Z.DE
5HED.DE
EL4Z.DE vs. 5HED.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI USA UCITS ETF (EL4Z.DE) and Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) (5HED.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.
| EL4Z.DE | 5HED.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.06 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 0.51 | +2.79 |
| Martin ratioReturn relative to average drawdown | 11.44 | 1.28 | +10.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EL4Z.DE | 5HED.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 0.30 | +1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.21 | +0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.48 | +0.51 |
Drawdowns
EL4Z.DE vs. 5HED.DE - Drawdown Comparison
The maximum EL4Z.DE drawdown since its inception was -34.19%, which is greater than 5HED.DE's maximum drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for EL4Z.DE and 5HED.DE.
Loading charts...
Drawdown Indicators
| EL4Z.DE | 5HED.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.19% | -32.31% | -1.88% |
Max Drawdown (1Y)Largest decline over 1 year | -7.42% | -6.99% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -24.03% | -21.72% | -2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -24.03% | -21.72% | -2.31% |
Max Drawdown (10Y)Largest decline over 10 years | -34.19% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -11.81% | +11.41% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -6.47% | +2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 2.81% | -0.66% |
Volatility
EL4Z.DE vs. 5HED.DE - Volatility Comparison
The current volatility for Deka MSCI USA UCITS ETF (EL4Z.DE) is 2.74%, while Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) (5HED.DE) has a volatility of 3.81%. This indicates that EL4Z.DE experiences smaller price fluctuations and is considered to be less risky than 5HED.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EL4Z.DE | 5HED.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 3.81% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 8.60% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.74% | 11.79% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.48% | 15.59% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.22% | 17.50% | -1.28% |
EL4Z.DE vs. 5HED.DE - Expense Ratio Comparison
EL4Z.DE has a 0.30% expense ratio, which is lower than 5HED.DE's 0.75% expense ratio.
Dividends
EL4Z.DE vs. 5HED.DE - Dividend Comparison
EL4Z.DE's dividend yield for the trailing twelve months is around 0.49%, while 5HED.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
5HED.DE Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL4Z.DE Deka MSCI USA UCITS ETF | 0.49% | 0.57% | 0.74% | 1.23% | 1.09% | 0.52% | 0.90% | 0.95% | 1.16% | 1.03% | 1.07% | 1.47% |
Frequently Asked Questions
EL4Z.DE and 5HED.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4Z.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4Z.DE is cheaper with a 0.30% expense ratio, compared with 0.75% for 5HED.DE.
EL4Z.DE tracks MSCI USA, while 5HED.DE tracks Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector. They also come from different issuers: Deka Investment GmbH and Natixis. Their fees differ too: 0.30% for EL4Z.DE and 0.75% for 5HED.DE.
Find the right allocation for EL4Z.DE and 5HED.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer