EMAD.L vs. 5HED.L
EMAD.L (State Street SPDR MSCI EM Asia UCITS ETF USD (Acc)) and 5HED.L (Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD)) are both exchange-traded funds - EMAD.L is a Asia Pacific Equities fund tracking the MSCI EM (Emerging Markets) Asia Index, while 5HED.L is a Large Cap Blend Equities fund actively managed by Ossiam. EMAD.L is passively managed, while 5HED.L is actively managed. Over the past 5 years, EMAD.L returned 6.07%/yr vs 2.88%/yr for 5HED.L. At a 0.47 correlation, their price movements are largely independent. EMAD.L charges 0.55%/yr vs 0.75%/yr for 5HED.L.
Performance
EMAD.L vs. 5HED.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMAD.L achieves a 18.88% return, which is significantly higher than 5HED.L's 3.15% return.
EMAD.L
- 1D
- -2.28%
- 1M
- -11.14%
- 6M
- 11.94%
- YTD
- 18.88%
- 1Y
- 31.93%
- 3Y*
- 20.12%
- 5Y*
- 6.07%
- 10Y*
- 9.49%
5HED.L
- 1D
- -0.11%
- 1M
- 2.16%
- 6M
- 1.64%
- YTD
- 3.15%
- 1Y
- 8.67%
- 3Y*
- 4.27%
- 5Y*
- 2.88%
- 10Y*
- —
EMAD.L vs. 5HED.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EMAD.L State Street SPDR MSCI EM Asia UCITS ETF USD (Acc) | 18.88% | 32.13% | 11.12% | 6.54% | -21.75% | -6.15% | 28.24% | 16.78% | -10.83% |
5HED.L Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) | 3.15% | 4.27% | 3.80% | 15.96% | -16.20% | 22.01% | 24.02% | 28.11% | -10.96% |
Correlation
The correlation between EMAD.L and 5HED.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2018 | 0.47 |
The correlation between EMAD.L and 5HED.L shifts across timeframes, from 0.32 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMAD.L vs. 5HED.L — Risk / Return Rank
EMAD.L
5HED.L
EMAD.L vs. 5HED.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI EM Asia UCITS ETF USD (Acc) (EMAD.L) and Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) (5HED.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EMAD.L | 5HED.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.13 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 0.96 | +1.40 |
| Martin ratioReturn relative to average drawdown | 6.96 | 2.40 | +4.55 |
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Drawdowns
EMAD.L vs. 5HED.L - Drawdown Comparison
The maximum EMAD.L drawdown since its inception was -46.17%, which is greater than 5HED.L's maximum drawdown of -32.84%. Use the drawdown chart below to compare losses from any high point for EMAD.L and 5HED.L.
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Drawdown Indicators
| EMAD.L | 5HED.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.17% | -32.84% | -13.33% |
Max Drawdown (1Y)Largest decline over 1 year | -13.45% | -8.95% | -4.50% |
Max Drawdown (3Y)Largest decline over 3 years | -20.03% | -18.06% | -1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -38.79% | -22.17% | -16.62% |
Max Drawdown (10Y)Largest decline over 10 years | -46.17% | — | — |
Current DrawdownCurrent decline from peak | -13.45% | -2.23% | -11.22% |
Average DrawdownAverage peak-to-trough decline | -14.72% | -5.73% | -8.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 3.60% | +0.98% |
Volatility
EMAD.L vs. 5HED.L - Volatility Comparison
State Street SPDR MSCI EM Asia UCITS ETF USD (Acc) (EMAD.L) has a higher volatility of 9.76% compared to Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) (5HED.L) at 4.08%. This indicates that EMAD.L's price experiences larger fluctuations and is considered to be riskier than 5HED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMAD.L | 5HED.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.76% | 4.08% | +5.68% |
Volatility (6M)Calculated over the trailing 6-month period | 21.25% | 9.49% | +11.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.65% | 11.77% | +11.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.82% | 15.98% | +4.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.16% | 18.25% | +1.91% |
EMAD.L vs. 5HED.L - Expense Ratio Comparison
EMAD.L has a 0.55% expense ratio, which is lower than 5HED.L's 0.75% expense ratio.
Dividends
EMAD.L vs. 5HED.L - Dividend Comparison
Neither EMAD.L nor 5HED.L has paid dividends to shareholders.
Frequently Asked Questions
EMAD.L and 5HED.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMAD.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMAD.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 5HED.L.
EMAD.L is categorized as Asia Pacific Equities, while 5HED.L is Large Cap Blend Equities. They also come from different issuers: State Street and Ossiam. Their fees differ too: 0.55% for EMAD.L and 0.75% for 5HED.L.
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