LGGA.DE vs. OP6E.DE
LGGA.DE (L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF) and OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) are both Asia Pacific Equities funds - LGGA.DE tracks the FTSE Developed Asia Pacific ex Japan All Cap ex CW ex TC ex REITS Dividend Growth with Quality while OP6E.DE tracks the Bloomberg PAB APAC DM ex-Japan Large & Mid Cap. Both are passively managed. Over the past 3 years, LGGA.DE returned 18.10%/yr vs 8.96%/yr for OP6E.DE. A 0.72 correlation means they provide meaningful diversification when combined. LGGA.DE charges 0.40%/yr vs 0.29%/yr for OP6E.DE.
Performance
LGGA.DE vs. OP6E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LGGA.DE achieves a 17.67% return, which is significantly higher than OP6E.DE's 4.48% return.
LGGA.DE
- 1D
- -0.60%
- 1M
- 0.57%
- YTD
- 17.67%
- 6M
- 17.01%
- 1Y
- 34.87%
- 3Y*
- 18.10%
- 5Y*
- —
- 10Y*
- —
OP6E.DE
- 1D
- -0.61%
- 1M
- -1.08%
- YTD
- 4.48%
- 6M
- 5.87%
- 1Y
- 7.60%
- 3Y*
- 8.96%
- 5Y*
- —
- 10Y*
- —
LGGA.DE vs. OP6E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LGGA.DE L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF | 17.67% | 21.16% | 9.89% | 5.48% | -5.31% |
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 LGGA.DE and OP6E.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.72 |
The correlation between LGGA.DE and OP6E.DE has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
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Return for Risk
LGGA.DE vs. OP6E.DE — Risk / Return Rank
LGGA.DE
OP6E.DE
LGGA.DE vs. OP6E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LGGA.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.
| LGGA.DE | OP6E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.12 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 1.13 | +2.79 |
| Martin ratioReturn relative to average drawdown | 11.16 | 2.95 | +8.21 |
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
| LGGA.DE | OP6E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 0.66 | +1.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.36 | +0.37 |
Drawdowns
LGGA.DE vs. OP6E.DE - Drawdown Comparison
The maximum LGGA.DE drawdown since its inception was -17.88%, roughly equal to the maximum OP6E.DE drawdown of -18.34%. Use the drawdown chart below to compare losses from any high point for LGGA.DE and OP6E.DE.
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Drawdown Indicators
| LGGA.DE | OP6E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.88% | -18.34% | +0.46% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -6.72% | -2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -17.88% | -18.34% | +0.46% |
Current DrawdownCurrent decline from peak | -1.58% | -4.43% | +2.85% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -4.86% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 2.57% | +0.55% |
Volatility
LGGA.DE vs. OP6E.DE - Volatility Comparison
L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LGGA.DE) has a higher volatility of 4.89% compared to Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) at 2.87%. This indicates that LGGA.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
| LGGA.DE | OP6E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 2.87% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.17% | 8.56% | +2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.58% | 11.49% | +3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.77% | 14.75% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.77% | 14.75% | -0.98% |
LGGA.DE vs. OP6E.DE - Expense Ratio Comparison
LGGA.DE has a 0.40% expense ratio, which is higher than OP6E.DE's 0.29% expense ratio.
Dividends
LGGA.DE vs. OP6E.DE - Dividend Comparison
LGGA.DE's dividend yield for the trailing twelve months is around 3.76%, while OP6E.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
LGGA.DE L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF | 3.76% | 4.29% | 4.70% | 5.40% | 4.98% | 1.60% |
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% |
Frequently Asked Questions
LGGA.DE and OP6E.DE have a correlation of 0.63, 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 0.40% for LGGA.DE.
LGGA.DE tracks FTSE Developed Asia Pacific ex Japan All Cap ex CW ex TC ex REITS Dividend Growth with Quality, while OP6E.DE tracks Bloomberg PAB APAC DM ex-Japan Large & Mid Cap. They also come from different issuers: Legal & General and Natixis. Their fees differ too: 0.40% for LGGA.DE and 0.29% for OP6E.DE.
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