OP6E.DE vs. 5HED.DE
OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) and 5HED.DE (Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD)) are both exchange-traded funds - OP6E.DE is a Asia Pacific Equities fund tracking the Bloomberg PAB APAC DM ex-Japan Large & Mid Cap, while 5HED.DE is a Large Cap Blend Equities fund tracking the Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector. Both are passively managed. Over the past 3 years, OP6E.DE returned 8.96%/yr vs 1.50%/yr for 5HED.DE. A 0.51 correlation means they provide meaningful diversification when combined. OP6E.DE charges 0.29%/yr vs 0.75%/yr for 5HED.DE.
Performance
OP6E.DE vs. 5HED.DE - Performance Comparison
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Different Trading Currencies
OP6E.DE is traded in EUR, while 5HED.DE is traded in USD. To make them comparable, the 5HED.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, OP6E.DE achieves a 4.48% return, which is significantly higher than 5HED.DE's -0.34% return.
OP6E.DE
- 1D
- -0.61%
- 1M
- -3.04%
- YTD
- 4.48%
- 6M
- 5.94%
- 1Y
- 7.51%
- 3Y*
- 8.96%
- 5Y*
- —
- 10Y*
- —
5HED.DE
- 1D
- 1.25%
- 1M
- -1.08%
- YTD
- -0.34%
- 6M
- 0.74%
- 1Y
- 4.20%
- 3Y*
- 1.50%
- 5Y*
- 3.35%
- 10Y*
- —
OP6E.DE vs. 5HED.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OP6E.DE Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) | 4.48% | 6.39% | 15.17% | 0.41% | -5.27% |
5HED.DE Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) | -0.34% | -7.59% | 10.48% | 12.57% | -14.63% |
Correlation
The correlation between OP6E.DE and 5HED.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.51 |
The correlation between OP6E.DE and 5HED.DE shifts across timeframes, from 0.37 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OP6E.DE vs. 5HED.DE — Risk / Return Rank
OP6E.DE
5HED.DE
OP6E.DE vs. 5HED.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) and Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) (5HED.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.
| OP6E.DE | 5HED.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.06 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.51 | +0.61 |
| Martin ratioReturn relative to average drawdown | 2.95 | 1.28 | +1.68 |
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
| OP6E.DE | 5HED.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.30 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.48 | -0.12 |
Drawdowns
OP6E.DE vs. 5HED.DE - Drawdown Comparison
The maximum OP6E.DE drawdown since its inception was -18.34%, smaller than the maximum 5HED.DE drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for OP6E.DE and 5HED.DE.
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Drawdown Indicators
| OP6E.DE | 5HED.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.34% | -32.31% | +13.97% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -6.99% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -21.72% | +3.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.72% | — |
Current DrawdownCurrent decline from peak | -4.43% | -11.81% | +7.38% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -6.47% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.81% | -0.24% |
Volatility
OP6E.DE vs. 5HED.DE - Volatility Comparison
The current volatility for Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) is 2.87%, while Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) (5HED.DE) has a volatility of 3.81%. This indicates that OP6E.DE experiences smaller price fluctuations and is considered to be less risky than 5HED.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OP6E.DE | 5HED.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 3.81% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 8.60% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.49% | 11.79% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.75% | 15.59% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 17.50% | -2.75% |
OP6E.DE vs. 5HED.DE - Expense Ratio Comparison
OP6E.DE has a 0.29% expense ratio, which is lower than 5HED.DE's 0.75% expense ratio.
Dividends
OP6E.DE vs. 5HED.DE - Dividend Comparison
Neither OP6E.DE nor 5HED.DE has paid dividends to shareholders.
Frequently Asked Questions
OP6E.DE and 5HED.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OP6E.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OP6E.DE is cheaper with a 0.29% expense ratio, compared with 0.75% for 5HED.DE.
OP6E.DE is categorized as Asia Pacific Equities, while 5HED.DE is Large Cap Blend Equities. OP6E.DE tracks Bloomberg PAB APAC DM ex-Japan Large & Mid Cap, while 5HED.DE tracks Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector. Their fees differ too: 0.29% for OP6E.DE and 0.75% for 5HED.DE.
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