EUNJ.DE vs. OP6E.DE
EUNJ.DE (iShares MSCI Pacific ex-Japan UCITS ETF (Dist)) and OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) are both Asia Pacific Equities funds - EUNJ.DE tracks the MSCI Pacific ex Japan while OP6E.DE tracks the Bloomberg PAB APAC DM ex-Japan Large & Mid Cap. Both are passively managed. Over the past 3 years, EUNJ.DE returned 9.84%/yr vs 8.96%/yr for OP6E.DE. Their correlation of 0.94 suggests significant overlap in exposure. EUNJ.DE charges 0.60%/yr vs 0.29%/yr for OP6E.DE.
Performance
EUNJ.DE vs. OP6E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNJ.DE achieves a 8.50% return, which is significantly higher than OP6E.DE's 4.48% return.
EUNJ.DE
- 1D
- -0.88%
- 1M
- -2.02%
- YTD
- 8.50%
- 6M
- 9.74%
- 1Y
- 12.72%
- 3Y*
- 9.84%
- 5Y*
- 5.36%
- 10Y*
- 7.05%
OP6E.DE
- 1D
- -0.61%
- 1M
- -3.04%
- YTD
- 4.48%
- 6M
- 5.94%
- 1Y
- 7.51%
- 3Y*
- 8.96%
- 5Y*
- —
- 10Y*
- —
EUNJ.DE vs. OP6E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EUNJ.DE iShares MSCI Pacific ex-Japan UCITS ETF (Dist) | 8.50% | 6.56% | 11.50% | 1.85% | -4.74% |
OP6E.DE Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) | 4.48% | 6.39% | 15.17% | 0.41% | -5.27% |
Correlation
The correlation between EUNJ.DE and OP6E.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.94 |
The correlation between EUNJ.DE and OP6E.DE has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
EUNJ.DE vs. OP6E.DE — Risk / Return Rank
EUNJ.DE
OP6E.DE
EUNJ.DE vs. OP6E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (EUNJ.DE) and Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.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.
| EUNJ.DE | OP6E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.12 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 1.13 | +1.01 |
| Martin ratioReturn relative to average drawdown | 6.18 | 2.95 | +3.23 |
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
| EUNJ.DE | OP6E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 0.66 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.36 | -0.01 |
Drawdowns
EUNJ.DE vs. OP6E.DE - Drawdown Comparison
The maximum EUNJ.DE drawdown since its inception was -36.95%, which is greater than OP6E.DE's maximum drawdown of -18.34%. Use the drawdown chart below to compare losses from any high point for EUNJ.DE and OP6E.DE.
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Drawdown Indicators
| EUNJ.DE | OP6E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.95% | -18.34% | -18.61% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -6.72% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -20.39% | -18.34% | -2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.95% | — | — |
Current DrawdownCurrent decline from peak | -2.02% | -4.43% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -4.86% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.57% | -0.44% |
Volatility
EUNJ.DE vs. OP6E.DE - Volatility Comparison
iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (EUNJ.DE) has a higher volatility of 3.04% compared to Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) at 2.87%. This indicates that EUNJ.DE's price experiences larger fluctuations and is considered to be riskier than OP6E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNJ.DE | OP6E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 2.87% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 8.56% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.57% | 11.49% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 14.75% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 14.75% | +1.79% |
EUNJ.DE vs. OP6E.DE - Expense Ratio Comparison
EUNJ.DE has a 0.60% expense ratio, which is higher than OP6E.DE's 0.29% expense ratio.
Dividends
EUNJ.DE vs. OP6E.DE - Dividend Comparison
EUNJ.DE's dividend yield for the trailing twelve months is around 2.46%, while OP6E.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNJ.DE iShares MSCI Pacific ex-Japan UCITS ETF (Dist) | 2.46% | 2.95% | 3.35% | 3.56% | 3.92% | 2.79% | 2.64% | 3.52% | 3.78% | 3.41% | 3.31% | 3.34% |
OP6E.DE Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUNJ.DE and OP6E.DE have a correlation of 0.90, 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 0.60% for EUNJ.DE.
EUNJ.DE tracks MSCI Pacific ex Japan, while OP6E.DE tracks Bloomberg PAB APAC DM ex-Japan Large & Mid Cap. They also come from different issuers: iShares and Natixis. Their fees differ too: 0.60% for EUNJ.DE and 0.29% for OP6E.DE.
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