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OEUR vs. HEDJ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between OEUR and HEDJ is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

OEUR vs. HEDJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OShares Europe Quality Dividend ETF (OEUR) and WisdomTree Europe Hedged Equity Fund (HEDJ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

OEUR:

0.75

HEDJ:

0.41

Sortino Ratio

OEUR:

1.09

HEDJ:

0.67

Omega Ratio

OEUR:

1.14

HEDJ:

1.09

Calmar Ratio

OEUR:

0.88

HEDJ:

0.45

Martin Ratio

OEUR:

1.97

HEDJ:

1.35

Ulcer Index

OEUR:

5.74%

HEDJ:

5.31%

Daily Std Dev

OEUR:

16.23%

HEDJ:

19.22%

Max Drawdown

OEUR:

-33.01%

HEDJ:

-38.18%

Current Drawdown

OEUR:

-0.38%

HEDJ:

-1.57%

Returns By Period

In the year-to-date period, OEUR achieves a 19.36% return, which is significantly higher than HEDJ's 13.27% return.


OEUR

YTD

19.36%

1M

3.04%

6M

14.55%

1Y

12.05%

3Y*

13.83%

5Y*

11.82%

10Y*

N/A

HEDJ

YTD

13.27%

1M

4.80%

6M

14.79%

1Y

7.78%

3Y*

13.67%

5Y*

14.30%

10Y*

7.88%

*Annualized

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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.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

OEUR vs. HEDJ — Risk-Adjusted Performance Rank

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

OEUR
The Risk-Adjusted Performance Rank of OEUR is 6363
Overall Rank
The Sharpe Ratio Rank of OEUR is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of OEUR is 6363
Sortino Ratio Rank
The Omega Ratio Rank of OEUR is 5858
Omega Ratio Rank
The Calmar Ratio Rank of OEUR is 7676
Calmar Ratio Rank
The Martin Ratio Rank of OEUR is 5353
Martin Ratio Rank

HEDJ
The Risk-Adjusted Performance Rank of HEDJ is 3939
Overall Rank
The Sharpe Ratio Rank of HEDJ is 3636
Sharpe Ratio Rank
The Sortino Ratio Rank of HEDJ is 3737
Sortino Ratio Rank
The Omega Ratio Rank of HEDJ is 3535
Omega Ratio Rank
The Calmar Ratio Rank of HEDJ is 4949
Calmar Ratio Rank
The Martin Ratio Rank of HEDJ is 4040
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current OEUR Sharpe Ratio is 0.75, which is higher than the HEDJ Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of OEUR and HEDJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

OEUR vs. HEDJ - Dividend Comparison

OEUR's dividend yield for the trailing twelve months is around 3.44%, more than HEDJ's 2.90% yield.


TTM20242023202220212020201920182017201620152014
OEUR
OShares Europe Quality Dividend ETF
3.44%3.74%4.27%2.13%2.01%3.66%3.66%3.48%3.00%2.87%0.63%0.00%
HEDJ
WisdomTree Europe Hedged Equity Fund
2.90%3.28%3.31%2.83%2.08%2.65%1.82%2.73%2.27%2.97%9.44%5.83%

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.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

OEUR vs. HEDJ - Volatility Comparison

The current volatility for OShares Europe Quality Dividend ETF (OEUR) is 3.40%, while WisdomTree Europe Hedged Equity Fund (HEDJ) has a volatility of 3.77%. 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.


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