OEUR vs. HEDJ
Compare and contrast key facts about OShares Europe Quality Dividend ETF (OEUR) and WisdomTree Europe Hedged Equity Fund (HEDJ).
OEUR and HEDJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OEUR is a passively managed fund by O'Shares Investments that tracks the performance of the OEUR-US - O'Shares Europe Quality Dividend Index. It was launched on Aug 19, 2015. HEDJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Hedged Equity Index. It was launched on Dec 31, 2009. Both OEUR and HEDJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OEUR or HEDJ.
Performance
OEUR vs. HEDJ - Performance Comparison
Returns By Period
In the year-to-date period, OEUR achieves a 2.22% return, which is significantly lower than HEDJ's 2.72% return.
OEUR
2.22%
-6.72%
-5.05%
9.26%
5.95%
N/A
HEDJ
2.72%
-2.98%
-7.35%
8.33%
7.30%
7.77%
Key characteristics
| OEUR | HEDJ | |
|---|---|---|
| Sharpe Ratio | 0.74 | 0.67 |
| Sortino Ratio | 1.11 | 0.99 |
| Omega Ratio | 1.13 | 1.12 |
| Calmar Ratio | 0.84 | 0.73 |
| Martin Ratio | 2.78 | 1.84 |
| Ulcer Index | 3.41% | 4.81% |
| Daily Std Dev | 12.82% | 13.25% |
| Max Drawdown | -33.01% | -38.18% |
| Current Drawdown | -11.31% | -9.23% |
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OEUR vs. HEDJ - Expense Ratio Comparison
OEUR has a 0.48% expense ratio, which is lower than HEDJ's 0.58% expense ratio.
Correlation
The correlation between OEUR and HEDJ is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
OEUR vs. HEDJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for OShares Europe Quality Dividend ETF (OEUR) and WisdomTree Europe Hedged Equity Fund (HEDJ). 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.
Dividends
OEUR vs. HEDJ - Dividend Comparison
OEUR's dividend yield for the trailing twelve months is around 3.84%, more than HEDJ's 3.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OEUR OShares Europe Quality Dividend ETF | 3.84% | 4.27% | 2.13% | 2.01% | 3.66% | 3.66% | 3.49% | 3.01% | 2.87% | 0.64% | 0.00% | 0.00% |
HEDJ WisdomTree Europe Hedged Equity Fund | 3.05% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.97% | 9.44% | 5.83% | 1.85% |
Drawdowns
OEUR vs. HEDJ - Drawdown Comparison
The maximum OEUR drawdown since its inception was -33.01%, smaller than the maximum HEDJ drawdown of -38.18%. Use the drawdown chart below to compare losses from any high point for OEUR and HEDJ. For additional features, visit the drawdowns tool.
Volatility
OEUR vs. HEDJ - Volatility Comparison
OShares Europe Quality Dividend ETF (OEUR) has a higher volatility of 4.34% compared to WisdomTree Europe Hedged Equity Fund (HEDJ) at 3.93%. This indicates that OEUR's price experiences larger fluctuations and is considered to be riskier than HEDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.