IQQN.DE vs. 5HEE.DE
IQQN.DE (iShares MSCI North America UCITS ETF) and 5HEE.DE (Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF (EUR)) are both Large Cap Blend Equities funds - IQQN.DE tracks the MSCI North America while 5HEE.DE tracks the Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector. Both are passively managed. Over the past 5 years, IQQN.DE returned 12.96%/yr vs 3.54%/yr for 5HEE.DE. Their correlation of 0.82 suggests significant overlap in exposure. IQQN.DE charges 0.40%/yr vs 0.75%/yr for 5HEE.DE.
Performance
IQQN.DE vs. 5HEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQN.DE achieves a 12.88% return, which is significantly higher than 5HEE.DE's 5.80% return.
IQQN.DE
- 1D
- 0.02%
- 1M
- 1.88%
- 6M
- 10.27%
- YTD
- 12.88%
- 1Y
- 25.51%
- 3Y*
- 19.04%
- 5Y*
- 12.96%
- 10Y*
- 13.98%
5HEE.DE
- 1D
- 0.91%
- 1M
- 4.16%
- 6M
- 2.61%
- YTD
- 5.80%
- 1Y
- 12.76%
- 3Y*
- 3.96%
- 5Y*
- 3.54%
- 10Y*
- —
IQQN.DE vs. 5HEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IQQN.DE iShares MSCI North America UCITS ETF | 12.88% | 4.95% | 31.43% | 22.31% | -15.50% | 38.10% | 8.53% | 34.22% | 3.41% |
5HEE.DE Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF (EUR) | 5.80% | -7.39% | 10.30% | 11.99% | -11.48% | 32.30% | 12.99% | 34.06% | 3.84% |
Correlation
The correlation between IQQN.DE and 5HEE.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018 | 0.82 |
Over the past year, the correlation between IQQN.DE and 5HEE.DE has dropped to 0.42 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
IQQN.DE vs. 5HEE.DE — Risk / Return Rank
IQQN.DE
5HEE.DE
IQQN.DE vs. 5HEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI North America UCITS ETF (IQQN.DE) and Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF (EUR) (5HEE.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.
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.
| IQQN.DE | 5HEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.20 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 1.83 | +1.69 |
| Martin ratioReturn relative to average drawdown | 12.29 | 4.41 | +7.88 |
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Drawdowns
IQQN.DE vs. 5HEE.DE - Drawdown Comparison
The maximum IQQN.DE drawdown since its inception was -52.40%, which is greater than 5HEE.DE's maximum drawdown of -32.56%. Use the drawdown chart below to compare losses from any high point for IQQN.DE and 5HEE.DE.
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Drawdown Indicators
| IQQN.DE | 5HEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.40% | -32.56% | -19.84% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -6.95% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -22.48% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -22.48% | -0.98% |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | -6.44% | +6.39% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -6.27% | -2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.89% | -0.82% |
Volatility
IQQN.DE vs. 5HEE.DE - Volatility Comparison
The current volatility for iShares MSCI North America UCITS ETF (IQQN.DE) is 2.72%, while Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF (EUR) (5HEE.DE) has a volatility of 4.36%. This indicates that IQQN.DE experiences smaller price fluctuations and is considered to be less risky than 5HEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQN.DE | 5HEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 4.36% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 8.43% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 11.15% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.29% | 14.99% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 16.92% | -0.84% |
IQQN.DE vs. 5HEE.DE - Expense Ratio Comparison
IQQN.DE has a 0.40% expense ratio, which is lower than 5HEE.DE's 0.75% expense ratio.
Dividends
IQQN.DE vs. 5HEE.DE - Dividend Comparison
IQQN.DE's dividend yield for the trailing twelve months is around 0.59%, while 5HEE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
5HEE.DE Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF (EUR) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQQN.DE iShares MSCI North America UCITS ETF | 0.59% | 0.68% | 0.75% | 0.99% | 1.15% | 0.73% | 1.09% | 1.22% | 1.42% | 1.34% | 1.37% | 1.53% |
Frequently Asked Questions
IQQN.DE and 5HEE.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQQN.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQN.DE is cheaper with a 0.40% expense ratio, compared with 0.75% for 5HEE.DE.
IQQN.DE tracks MSCI North America, while 5HEE.DE tracks Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector. They also come from different issuers: iShares and Natixis. Their fees differ too: 0.40% for IQQN.DE and 0.75% for 5HEE.DE.
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