JREU.DE vs. 5HEE.DE

Last updated Jul 16, 2026

JREU.DE (JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) and 5HEE.DE (Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF (EUR)) are both Large Cap Blend Equities funds - JREU.DE tracks the JP Morgan US Research Enhanced Index Equity (ESG) while 5HEE.DE tracks the Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector. Both are passively managed. Over the past 5 years, JREU.DE returned 13.65%/yr vs 3.35%/yr for 5HEE.DE. Their correlation of 0.82 suggests significant overlap in exposure. JREU.DE charges 0.20%/yr vs 0.75%/yr for 5HEE.DE.

Performance

JREU.DE vs. 5HEE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREU.DE) and Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF (EUR) (5HEE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JREU.DE achieves a 12.48% return, which is significantly higher than 5HEE.DE's 4.85% return.

JREU.DE

• 1D: 0.21%
• 1M: 1.56%
• 6M: 11.77%
• YTD: 12.48%
• 1Y: 22.45%
• 3Y*: 18.83%
• 5Y*: 13.65%
• 10Y*: —

5HEE.DE

• 1D: 0.63%
• 1M: 2.85%
• 6M: 2.05%
• YTD: 4.85%
• 1Y: 9.90%
• 3Y*: 3.62%
• 5Y*: 3.35%
• 10Y*: —

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

JREU.DE vs. 5HEE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JREU.DE JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	12.48%	3.77%	32.09%	24.03%	-14.69%	42.48%	8.54%	34.59%	-21.12%
5HEE.DE Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF (EUR)	4.85%	-7.39%	10.30%	11.99%	-11.48%	32.30%	12.99%	34.06%	-11.75%

Correlation

The correlation between JREU.DE and 5HEE.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Oct 10, 2018	0.82

Over the past year, the correlation between JREU.DE and 5HEE.DE has dropped to 0.43 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Return for Risk

JREU.DE vs. 5HEE.DE — Risk / Return Rank

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

JREU.DE

JREU.DE Risk / Return Rank: 76
JREU.DE Sharpe Ratio Rank: 74
JREU.DE Sortino Ratio Rank: 73
JREU.DE Omega Ratio Rank: 74
JREU.DE Calmar Ratio Rank: 78
JREU.DE Martin Ratio Rank: 80

5HEE.DE

5HEE.DE Risk / Return Rank: 29
5HEE.DE Sharpe Ratio Rank: 29
5HEE.DE Sortino Ratio Rank: 27
5HEE.DE Omega Ratio Rank: 26
5HEE.DE Calmar Ratio Rank: 33
5HEE.DE Martin Ratio Rank: 29

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.

JREU.DE vs. 5HEE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREU.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.

	JREU.DE	5HEE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.91	0.89	+1.02
Sortino ratio: Return per unit of downside risk	2.63	1.27	+1.36
Omega ratio: Gain probability vs. loss probability	1.35	1.16	+0.19
Calmar ratio: Return relative to maximum drawdown	3.28	1.42	+1.86
Martin ratio: Return relative to average drawdown	12.12	3.42	+8.70

JREU.DE vs. 5HEE.DE - Sharpe Ratio Comparison

The current JREU.DE Sharpe Ratio is 1.91, which is higher than the 5HEE.DE Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of JREU.DE and 5HEE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JREU.DE vs. 5HEE.DE - Drawdown Comparison

The maximum JREU.DE drawdown since its inception was -34.40%, 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 JREU.DE and 5HEE.DE.

Drawdown Indicators

	JREU.DE	5HEE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.40%	-32.56%	-1.84%
Max Drawdown (1Y) Largest decline over 1 year	-6.81%	-6.95%	+0.14%
Max Drawdown (3Y) Largest decline over 3 years	-23.37%	-22.48%	-0.89%
Max Drawdown (5Y) Largest decline over 5 years	-23.37%	-22.48%	-0.89%
Current Drawdown Current decline from peak	-0.15%	-7.28%	+7.13%
Average Drawdown Average peak-to-trough decline	-5.32%	-6.27%	+0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	2.89%	-1.04%

Volatility

JREU.DE vs. 5HEE.DE - Volatility Comparison

The current volatility for JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREU.DE) is 2.80%, while Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF (EUR) (5HEE.DE) has a volatility of 4.31%. This indicates that JREU.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.

Volatility by Period

	JREU.DE	5HEE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	4.31%	-1.51%
Volatility (6M) Calculated over the trailing 6-month period	7.85%	8.40%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	11.75%	11.13%	+0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.32%	14.99%	+0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.72%	16.92%	+0.80%

JREU.DE vs. 5HEE.DE - Expense Ratio Comparison

JREU.DE has a 0.20% expense ratio, which is lower than 5HEE.DE's 0.75% expense ratio.

Dividends

JREU.DE vs. 5HEE.DE - Dividend Comparison

Neither JREU.DE nor 5HEE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JREU.DE and 5HEE.DE in my portfolio?

JREU.DE and 5HEE.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JREU.DE or 5HEE.DE?

On fees, JREU.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JREU.DE or 5HEE.DE?

JREU.DE is cheaper with a 0.20% expense ratio, compared with 0.75% for 5HEE.DE.

What is the main difference between JREU.DE and 5HEE.DE?

JREU.DE tracks JP Morgan US Research Enhanced Index Equity (ESG), while 5HEE.DE tracks Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector. They also come from different issuers: JPMorgan and Natixis. Their fees differ too: 0.20% for JREU.DE and 0.75% for 5HEE.DE.