LEMV.L vs. 5HEP.L

Last updated Jun 4, 2026

LEMV.L (Ossiam Europe ESG Machine Learning ETF UCITS (EUR)) and 5HEP.L (Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD)) are both exchange-traded funds - LEMV.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while 5HEP.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, LEMV.L returned 6.86%/yr vs 3.22%/yr for 5HEP.L. A 0.56 correlation means they provide meaningful diversification when combined. LEMV.L charges 0.45%/yr vs 0.75%/yr for 5HEP.L.

Performance

LEMV.L vs. 5HEP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (LEMV.L) and Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) (5HEP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LEMV.L achieves a 3.75% return, which is significantly higher than 5HEP.L's -2.31% return.

LEMV.L

• 1D: -0.21%
• 1M: -1.62%
• YTD: 3.75%
• 6M: 5.46%
• 1Y: 6.56%
• 3Y*: 11.10%
• 5Y*: 6.86%
• 10Y*: 7.82%

5HEP.L

• 1D: -0.40%
• 1M: -1.74%
• YTD: -2.31%
• 6M: -0.77%
• 1Y: 5.48%
• 3Y*: 1.31%
• 5Y*: 3.22%
• 10Y*: —

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

LEMV.L vs. 5HEP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LEMV.L Ossiam Europe ESG Machine Learning ETF UCITS (EUR)	3.75%	17.91%	9.36%	4.61%	-9.18%	15.18%	6.43%	12.42%	-5.76%
5HEP.L Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD)	-2.31%	-2.61%	5.42%	9.48%	-6.21%	23.62%	19.82%	26.14%	-3.91%

Correlation

The correlation between LEMV.L and 5HEP.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018	0.56

The correlation between LEMV.L and 5HEP.L shifts across timeframes, from 0.43 (3 years) to 0.56 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LEMV.L vs. 5HEP.L — Risk / Return Rank

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

LEMV.L

LEMV.L Risk / Return Rank: 20
LEMV.L Sharpe Ratio Rank: 20
LEMV.L Sortino Ratio Rank: 19
LEMV.L Omega Ratio Rank: 20
LEMV.L Calmar Ratio Rank: 18
LEMV.L Martin Ratio Rank: 21

5HEP.L

5HEP.L Risk / Return Rank: 17
5HEP.L Sharpe Ratio Rank: 17
5HEP.L Sortino Ratio Rank: 17
5HEP.L Omega Ratio Rank: 16
5HEP.L Calmar Ratio Rank: 18
5HEP.L Martin Ratio Rank: 17

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.

LEMV.L vs. 5HEP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (LEMV.L) and Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) (5HEP.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.

	LEMV.L	5HEP.L	Difference
Sharpe ratio: Return per unit of total volatility	0.64	0.53	+0.11
Sortino ratio: Return per unit of downside risk	0.92	0.81	+0.11
Omega ratio: Gain probability vs. loss probability	1.12	1.09	+0.03
Calmar ratio: Return relative to maximum drawdown	0.71	0.70	+0.01
Martin ratio: Return relative to average drawdown	2.43	1.78	+0.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LEMV.L vs. 5HEP.L - Sharpe Ratio Comparison

The current LEMV.L Sharpe Ratio is 0.64, which is comparable to the 5HEP.L Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of LEMV.L and 5HEP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LEMV.L	5HEP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	0.53	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.23	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.50	+0.19

Drawdowns

LEMV.L vs. 5HEP.L - Drawdown Comparison

The maximum LEMV.L drawdown since its inception was -23.95%, roughly equal to the maximum 5HEP.L drawdown of -24.16%. Use the drawdown chart below to compare losses from any high point for LEMV.L and 5HEP.L.

Drawdown Indicators

	LEMV.L	5HEP.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.95%	-24.16%	+0.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.17%	-7.77%	-1.40%
Max Drawdown (3Y) Largest decline over 3 years	-9.93%	-19.08%	+9.15%
Max Drawdown (5Y) Largest decline over 5 years	-17.93%	-19.08%	+1.15%
Max Drawdown (10Y) Largest decline over 10 years	-23.95%	—	—
Current Drawdown Current decline from peak	-3.90%	-9.44%	+5.54%
Average Drawdown Average peak-to-trough decline	-3.95%	-5.18%	+1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	3.06%	-0.37%

Volatility

LEMV.L vs. 5HEP.L - Volatility Comparison

The current volatility for Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (LEMV.L) is 2.82%, while Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) (5HEP.L) has a volatility of 3.46%. This indicates that LEMV.L experiences smaller price fluctuations and is considered to be less risky than 5HEP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEMV.L	5HEP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	3.46%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	8.67%	7.44%	+1.23%
Volatility (1Y) Calculated over the trailing 1-year period	10.31%	10.41%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.80%	13.90%	-2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.49%	16.02%	-3.53%

LEMV.L vs. 5HEP.L - Expense Ratio Comparison

LEMV.L has a 0.45% expense ratio, which is lower than 5HEP.L's 0.75% expense ratio.

Dividends

LEMV.L vs. 5HEP.L - Dividend Comparison

Neither LEMV.L nor 5HEP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LEMV.L and 5HEP.L in my portfolio?

LEMV.L and 5HEP.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LEMV.L or 5HEP.L?

On fees, LEMV.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LEMV.L or 5HEP.L?

LEMV.L is cheaper with a 0.45% expense ratio, compared with 0.75% for 5HEP.L.

What is the main difference between LEMV.L and 5HEP.L?

LEMV.L is categorized as Europe Equities, while 5HEP.L is Large Cap Blend Equities. LEMV.L tracks MSCI Europe NR EUR, while 5HEP.L tracks Russell 1000 TR USD. Their fees differ too: 0.45% for LEMV.L and 0.75% for 5HEP.L.