H411.DE vs. OP6E.DE
H411.DE (HSBC MSCI AC Far East ex Japan UCITS ETF USD) and OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) are both Asia Pacific Equities funds - H411.DE tracks the MSCI AC Far East 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, H411.DE returned 25.29%/yr vs 8.96%/yr for OP6E.DE. A 0.65 correlation means they provide meaningful diversification when combined. H411.DE charges 0.45%/yr vs 0.29%/yr for OP6E.DE.
Performance
H411.DE vs. OP6E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H411.DE achieves a 37.68% return, which is significantly higher than OP6E.DE's 4.48% return.
H411.DE
- 1D
- -2.09%
- 1M
- 6.17%
- YTD
- 37.68%
- 6M
- 38.70%
- 1Y
- 67.18%
- 3Y*
- 25.29%
- 5Y*
- 9.18%
- 10Y*
- 11.02%
OP6E.DE
- 1D
- -0.61%
- 1M
- -3.04%
- YTD
- 4.48%
- 6M
- 5.94%
- 1Y
- 7.51%
- 3Y*
- 8.96%
- 5Y*
- —
- 10Y*
- —
H411.DE vs. OP6E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H411.DE HSBC MSCI AC Far East ex Japan UCITS ETF USD | 37.68% | 25.21% | 18.89% | -1.55% | -8.23% |
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 H411.DE and OP6E.DE is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.65 |
The correlation between H411.DE and OP6E.DE shifts across timeframes, from 0.50 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
H411.DE vs. OP6E.DE — Risk / Return Rank
H411.DE
OP6E.DE
H411.DE vs. OP6E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.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.
| H411.DE | OP6E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.12 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 1.13 | +2.77 |
| Martin ratioReturn relative to average drawdown | 9.66 | 2.95 | +6.70 |
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
| H411.DE | OP6E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 0.66 | +1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.36 | +0.12 |
Drawdowns
H411.DE vs. OP6E.DE - Drawdown Comparison
The maximum H411.DE drawdown since its inception was -38.70%, 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 H411.DE and OP6E.DE.
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Drawdown Indicators
| H411.DE | OP6E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.70% | -18.34% | -20.36% |
Max Drawdown (1Y)Largest decline over 1 year | -17.51% | -6.72% | -10.79% |
Max Drawdown (3Y)Largest decline over 3 years | -23.17% | -18.34% | -4.83% |
Max Drawdown (5Y)Largest decline over 5 years | -34.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.70% | — | — |
Current DrawdownCurrent decline from peak | -3.25% | -4.43% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -13.29% | -4.86% | -8.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.07% | 2.57% | +4.50% |
Volatility
H411.DE vs. OP6E.DE - Volatility Comparison
HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) has a higher volatility of 8.34% compared to Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) at 2.87%. This indicates that H411.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
| H411.DE | OP6E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.34% | 2.87% | +5.47% |
Volatility (6M)Calculated over the trailing 6-month period | 16.24% | 8.56% | +7.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.65% | 11.49% | +17.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.66% | 14.75% | +6.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.44% | 14.75% | +5.69% |
H411.DE vs. OP6E.DE - Expense Ratio Comparison
H411.DE has a 0.45% expense ratio, which is higher than OP6E.DE's 0.29% expense ratio.
Dividends
H411.DE vs. OP6E.DE - Dividend Comparison
Neither H411.DE nor OP6E.DE has paid dividends to shareholders.
Frequently Asked Questions
H411.DE and OP6E.DE have a correlation of 0.50, 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 0.45% for H411.DE.
H411.DE tracks MSCI AC Far East ex Japan, while OP6E.DE tracks Bloomberg PAB APAC DM ex-Japan Large & Mid Cap. They also come from different issuers: HSBC and Natixis. Their fees differ too: 0.45% for H411.DE and 0.29% for OP6E.DE.
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