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.
Key characteristics
| OEUR | HEDJ | |
|---|---|---|
| YTD Return | 7.46% | 3.70% |
| 1Y Return | 20.75% | 13.00% |
| 3Y Return (Ann) | 3.77% | 5.63% |
| 5Y Return (Ann) | 6.94% | 7.45% |
| Sharpe Ratio | 1.70 | 1.01 |
| Sortino Ratio | 2.44 | 1.44 |
| Omega Ratio | 1.29 | 1.18 |
| Calmar Ratio | 2.17 | 1.09 |
| Martin Ratio | 8.17 | 3.01 |
| Ulcer Index | 2.60% | 4.40% |
| Daily Std Dev | 12.50% | 13.10% |
| Max Drawdown | -33.01% | -38.18% |
| Current Drawdown | -6.77% | -8.36% |
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.
Performance
OEUR vs. HEDJ - Performance Comparison
In the year-to-date period, OEUR achieves a 7.46% return, which is significantly higher than HEDJ's 3.70% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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 3.65%, more than HEDJ's 3.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OEUR OShares Europe Quality Dividend ETF | 3.65% | 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 | 3.02% | 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
The current volatility for OShares Europe Quality Dividend ETF (OEUR) is 3.17%, while WisdomTree Europe Hedged Equity Fund (HEDJ) has a volatility of 3.72%. This indicates that OEUR experiences smaller price fluctuations and is considered to be less risky than HEDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.