EUPE.DE vs. OP5E.DE

Last updated Jun 5, 2026

EUPE.DE (Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR)) and OP5E.DE (Ossiam Bloomberg Japan PAB NR UCITS ETF (EUR)) are both exchange-traded funds - EUPE.DE is a Europe Equities fund tracking the Shiller Barclays CAPE® Europe Sector Value, while OP5E.DE is a Japan Equities fund tracking the Bloomberg PAB Japan Large & Mid Cap. Both are passively managed. Over the past 3 years, EUPE.DE returned 11.71%/yr vs 13.12%/yr for OP5E.DE. At a 0.42 correlation, their price movements are largely independent. EUPE.DE charges 0.65%/yr vs 0.19%/yr for OP5E.DE.

Performance

EUPE.DE vs. OP5E.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.DE) and Ossiam Bloomberg Japan PAB NR UCITS ETF (EUR) (OP5E.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUPE.DE achieves a 15.44% return, which is significantly lower than OP5E.DE's 17.74% return.

EUPE.DE

• 1D: 0.35%
• 1M: 0.49%
• YTD: 15.44%
• 6M: 15.81%
• 1Y: 24.47%
• 3Y*: 11.71%
• 5Y*: 8.60%
• 10Y*: 8.97%

OP5E.DE

• 1D: -0.31%
• 1M: 4.89%
• YTD: 17.74%
• 6M: 17.51%
• 1Y: 30.15%
• 3Y*: 13.12%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUPE.DE vs. OP5E.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EUPE.DE Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR)	15.44%	12.45%	2.14%	12.84%	-4.54%
OP5E.DE Ossiam Bloomberg Japan PAB NR UCITS ETF (EUR)	17.74%	8.90%	10.84%	14.78%	-8.63%

Correlation

The correlation between EUPE.DE and OP5E.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022	0.42

Return for Risk

EUPE.DE vs. OP5E.DE — Risk / Return Rank

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

EUPE.DE

EUPE.DE Risk / Return Rank: 69
EUPE.DE Sharpe Ratio Rank: 66
EUPE.DE Sortino Ratio Rank: 68
EUPE.DE Omega Ratio Rank: 63
EUPE.DE Calmar Ratio Rank: 81
EUPE.DE Martin Ratio Rank: 64

OP5E.DE

OP5E.DE Risk / Return Rank: 51
OP5E.DE Sharpe Ratio Rank: 46
OP5E.DE Sortino Ratio Rank: 51
OP5E.DE Omega Ratio Rank: 47
OP5E.DE Calmar Ratio Rank: 58
OP5E.DE Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUPE.DE vs. OP5E.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.DE) and Ossiam Bloomberg Japan PAB NR UCITS ETF (EUR) (OP5E.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.

	EUPE.DE	OP5E.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.17	1.59	+0.58
Sortino ratio: Return per unit of downside risk	3.09	2.45	+0.64
Omega ratio: Gain probability vs. loss probability	1.37	1.29	+0.08
Calmar ratio: Return relative to maximum drawdown	4.19	2.81	+1.38
Martin ratio: Return relative to average drawdown	11.50	9.37	+2.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUPE.DE vs. OP5E.DE - Sharpe Ratio Comparison

The current EUPE.DE Sharpe Ratio is 2.17, which is higher than the OP5E.DE Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of EUPE.DE and OP5E.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EUPE.DE	OP5E.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	1.59	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.66	-0.20

Drawdowns

EUPE.DE vs. OP5E.DE - Drawdown Comparison

The maximum EUPE.DE drawdown since its inception was -32.64%, which is greater than OP5E.DE's maximum drawdown of -16.97%. Use the drawdown chart below to compare losses from any high point for EUPE.DE and OP5E.DE.

Drawdown Indicators

	EUPE.DE	OP5E.DE	Difference
Max Drawdown Largest peak-to-trough decline	-32.64%	-16.97%	-15.67%
Max Drawdown (1Y) Largest decline over 1 year	-5.82%	-10.35%	+4.53%
Max Drawdown (3Y) Largest decline over 3 years	-15.63%	-16.97%	+1.34%
Max Drawdown (5Y) Largest decline over 5 years	-15.63%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.64%	—	—
Current Drawdown Current decline from peak	-3.04%	-0.31%	-2.73%
Average Drawdown Average peak-to-trough decline	-4.95%	-4.10%	-0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	3.12%	-0.99%

Volatility

EUPE.DE vs. OP5E.DE - Volatility Comparison

Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.DE) and Ossiam Bloomberg Japan PAB NR UCITS ETF (EUR) (OP5E.DE) have volatilities of 3.64% and 3.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUPE.DE	OP5E.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.64%	3.48%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	8.56%	14.30%	-5.74%
Volatility (1Y) Calculated over the trailing 1-year period	11.27%	18.38%	-7.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.17%	16.72%	-3.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.99%	16.72%	-1.73%

EUPE.DE vs. OP5E.DE - Expense Ratio Comparison

EUPE.DE has a 0.65% expense ratio, which is higher than OP5E.DE's 0.19% expense ratio.

Dividends

EUPE.DE vs. OP5E.DE - Dividend Comparison

Neither EUPE.DE nor OP5E.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EUPE.DE and OP5E.DE in my portfolio?

EUPE.DE and OP5E.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EUPE.DE or OP5E.DE?

On fees, OP5E.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EUPE.DE or OP5E.DE?

OP5E.DE is cheaper with a 0.19% expense ratio, compared with 0.65% for EUPE.DE.

What is the main difference between EUPE.DE and OP5E.DE?

EUPE.DE is categorized as Europe Equities, while OP5E.DE is Japan Equities. EUPE.DE tracks Shiller Barclays CAPE® Europe Sector Value, while OP5E.DE tracks Bloomberg PAB Japan Large & Mid Cap. Their fees differ too: 0.65% for EUPE.DE and 0.19% for OP5E.DE.