OM3X.DE vs. 5HEU.DE
OM3X.DE (iShares OMX Stockholm Capped UCITS ETF) and 5HEU.DE (Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR)) are both Europe Equities funds - OM3X.DE tracks the OMX Stockholm Benchmark Cap while 5HEU.DE tracks the Ossiam ESG Shiller Barclays CAPE® Europe Sector. Both are passively managed. A 0.51 correlation means they provide meaningful diversification when combined. OM3X.DE charges 0.10%/yr vs 0.75%/yr for 5HEU.DE.
Performance
OM3X.DE vs. 5HEU.DE - Performance Comparison
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Different Trading Currencies
OM3X.DE is traded in SEK, while 5HEU.DE is traded in EUR. To make them comparable, the 5HEU.DE values have been converted to SEK using the latest available exchange rates.
Returns By Period
OM3X.DE
- 1D
- 0.38%
- 1M
- -0.04%
- YTD
- 9.44%
- 6M
- 10.91%
- 1Y
- 21.25%
- 3Y*
- 12.08%
- 5Y*
- 7.19%
- 10Y*
- —
5HEU.DE
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OM3X.DE vs. 5HEU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OM3X.DE iShares OMX Stockholm Capped UCITS ETF | 9.44% | 13.47% | 7.86% | 17.11% | -11.73% |
5HEU.DE Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR) | 0.26% | -1.29% | 0.06% | 6.17% | -0.48% |
Correlation
The correlation between OM3X.DE and 5HEU.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022 | 0.51 |
Over the past year, the correlation between OM3X.DE and 5HEU.DE has dropped to 0.27 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
OM3X.DE vs. 5HEU.DE — Risk / Return Rank
OM3X.DE
5HEU.DE
OM3X.DE vs. 5HEU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares OMX Stockholm Capped UCITS ETF (OM3X.DE) and Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR) (5HEU.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.
| OM3X.DE | 5HEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | — | — |
| Martin ratioReturn relative to average drawdown | 7.36 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OM3X.DE | 5HEU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | — | — |
Drawdowns
OM3X.DE vs. 5HEU.DE - Drawdown Comparison
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Drawdown Indicators
| OM3X.DE | 5HEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.86% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -21.33% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | — | — |
Current DrawdownCurrent decline from peak | -1.57% | — | — |
Average DrawdownAverage peak-to-trough decline | -6.77% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | — | — |
Volatility
OM3X.DE vs. 5HEU.DE - Volatility Comparison
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Volatility by Period
| OM3X.DE | 5HEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.55% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | — | — |
OM3X.DE vs. 5HEU.DE - Expense Ratio Comparison
OM3X.DE has a 0.10% expense ratio, which is lower than 5HEU.DE's 0.75% expense ratio.
Dividends
OM3X.DE vs. 5HEU.DE - Dividend Comparison
Neither OM3X.DE nor 5HEU.DE has paid dividends to shareholders.
Frequently Asked Questions
OM3X.DE and 5HEU.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OM3X.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OM3X.DE is cheaper with a 0.10% expense ratio, compared with 0.75% for 5HEU.DE.
OM3X.DE tracks OMX Stockholm Benchmark Cap, while 5HEU.DE tracks Ossiam ESG Shiller Barclays CAPE® Europe Sector. They also come from different issuers: iShares and Natixis. Their fees differ too: 0.10% for OM3X.DE and 0.75% for 5HEU.DE.
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