OM3X.DE vs. ASWA.DE
OM3X.DE (iShares OMX Stockholm Capped UCITS ETF) and ASWA.DE (HANetf European Green Deal UCITS ETF Acc) are both Europe Equities funds - OM3X.DE tracks the OMX Stockholm Benchmark Cap while ASWA.DE tracks the SGI European Green Deal ESG Screened. Both are passively managed. Over the past year, OM3X.DE returned 21.25% vs -0.34% for ASWA.DE. A 0.63 correlation means they provide meaningful diversification when combined. OM3X.DE charges 0.10%/yr vs 0.60%/yr for ASWA.DE.
Performance
OM3X.DE vs. ASWA.DE - Performance Comparison
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Different Trading Currencies
OM3X.DE is traded in SEK, while ASWA.DE is traded in EUR. To make them comparable, the ASWA.DE values have been converted to SEK using the latest available exchange rates.
Returns By Period
In the year-to-date period, OM3X.DE achieves a 9.44% return, which is significantly higher than ASWA.DE's -9.89% return.
OM3X.DE
- 1D
- 0.38%
- 1M
- -0.04%
- YTD
- 9.44%
- 6M
- 10.91%
- 1Y
- 21.25%
- 3Y*
- 12.08%
- 5Y*
- 7.19%
- 10Y*
- —
ASWA.DE
- 1D
- -0.35%
- 1M
- -2.20%
- YTD
- -9.89%
- 6M
- -10.31%
- 1Y
- -0.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OM3X.DE vs. ASWA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OM3X.DE iShares OMX Stockholm Capped UCITS ETF | 9.44% | 13.47% | 7.86% | 7.61% |
ASWA.DE HANetf European Green Deal UCITS ETF Acc | -9.89% | 18.65% | -8.66% | -5.70% |
Correlation
The correlation between OM3X.DE and ASWA.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2023 | 0.63 |
The correlation between OM3X.DE and ASWA.DE shifts across timeframes, from 0.46 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OM3X.DE vs. ASWA.DE — Risk / Return Rank
OM3X.DE
ASWA.DE
OM3X.DE vs. ASWA.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 HANetf European Green Deal UCITS ETF Acc (ASWA.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 | ASWA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.06 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | -0.00 | +1.95 |
| Martin ratioReturn relative to average drawdown | 7.36 | -0.01 | +7.37 |
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 | ASWA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | -0.00 | +1.40 |
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 | -0.11 | +0.73 |
Drawdowns
OM3X.DE vs. ASWA.DE - Drawdown Comparison
The maximum OM3X.DE drawdown since its inception was -32.86%, which is greater than ASWA.DE's maximum drawdown of -30.40%. Use the drawdown chart below to compare losses from any high point for OM3X.DE and ASWA.DE.
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Drawdown Indicators
| OM3X.DE | ASWA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.86% | -30.40% | -2.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -30.40% | +19.27% |
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% | -23.78% | +22.21% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -9.12% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 10.66% | -7.71% |
Volatility
OM3X.DE vs. ASWA.DE - Volatility Comparison
The current volatility for iShares OMX Stockholm Capped UCITS ETF (OM3X.DE) is 4.70%, while HANetf European Green Deal UCITS ETF Acc (ASWA.DE) has a volatility of 7.58%. This indicates that OM3X.DE experiences smaller price fluctuations and is considered to be less risky than ASWA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OM3X.DE | ASWA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 7.58% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 36.96% | -24.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.55% | 33.55% | -18.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 24.52% | -7.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 24.52% | -7.03% |
OM3X.DE vs. ASWA.DE - Expense Ratio Comparison
OM3X.DE has a 0.10% expense ratio, which is lower than ASWA.DE's 0.60% expense ratio.
Dividends
OM3X.DE vs. ASWA.DE - Dividend Comparison
Neither OM3X.DE nor ASWA.DE has paid dividends to shareholders.
Frequently Asked Questions
OM3X.DE and ASWA.DE have a correlation of 0.46, 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 0.60% for ASWA.DE.
OM3X.DE tracks OMX Stockholm Benchmark Cap, while ASWA.DE tracks SGI European Green Deal ESG Screened. They also come from different issuers: iShares and HANetf. Their fees differ too: 0.10% for OM3X.DE and 0.60% for ASWA.DE.
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