OG35.DE vs. OP7E.DE
OG35.DE (Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF) and OP7E.DE (Ossiam Bloomberg USA PAB UCITS ETF (EUR)) are both exchange-traded funds - OG35.DE is a European Government Bonds fund tracking the ICE 3-5 Year Euro Government Carbon Reduction, while OP7E.DE is a Large Cap Blend Equities fund tracking the Bloomberg PAB US Large & Mid Cap. Both are passively managed. Over the past 3 years, OG35.DE returned 2.79%/yr vs 16.14%/yr for OP7E.DE. At a 0.10 correlation, their price movements are largely independent. OG35.DE charges 0.17%/yr vs 0.12%/yr for OP7E.DE.
Performance
OG35.DE vs. OP7E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OG35.DE achieves a -0.13% return, which is significantly lower than OP7E.DE's 9.44% return.
OG35.DE
- 1D
- 0.05%
- 1M
- -0.04%
- YTD
- -0.13%
- 6M
- -0.06%
- 1Y
- 0.67%
- 3Y*
- 2.79%
- 5Y*
- -0.34%
- 10Y*
- —
OP7E.DE
- 1D
- -0.19%
- 1M
- 5.84%
- YTD
- 9.44%
- 6M
- 8.99%
- 1Y
- 18.92%
- 3Y*
- 16.14%
- 5Y*
- —
- 10Y*
- —
OG35.DE vs. OP7E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OG35.DE Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF | -0.13% | 2.46% | 2.13% | 5.16% | -4.58% |
OP7E.DE Ossiam Bloomberg USA PAB UCITS ETF (EUR) | 9.44% | 1.18% | 29.02% | 22.72% | -14.67% |
Correlation
The correlation between OG35.DE and OP7E.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.10 |
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Return for Risk
OG35.DE vs. OP7E.DE — Risk / Return Rank
OG35.DE
OP7E.DE
OG35.DE vs. OP7E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE) and Ossiam Bloomberg USA PAB UCITS ETF (EUR) (OP7E.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.
| OG35.DE | OP7E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.29 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 2.11 | -1.94 |
| Martin ratioReturn relative to average drawdown | 0.48 | 6.82 | -6.34 |
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
| OG35.DE | OP7E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 1.56 | -1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.75 | -0.80 |
Drawdowns
OG35.DE vs. OP7E.DE - Drawdown Comparison
The maximum OG35.DE drawdown since its inception was -12.21%, smaller than the maximum OP7E.DE drawdown of -23.71%. Use the drawdown chart below to compare losses from any high point for OG35.DE and OP7E.DE.
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Drawdown Indicators
| OG35.DE | OP7E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.21% | -23.71% | +11.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -8.94% | +6.53% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -23.71% | +21.30% |
Max Drawdown (5Y)Largest decline over 5 years | -11.90% | — | — |
Current DrawdownCurrent decline from peak | -2.66% | -0.50% | -2.16% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -4.90% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 2.77% | -1.92% |
Volatility
OG35.DE vs. OP7E.DE - Volatility Comparison
The current volatility for Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE) is 1.08%, while Ossiam Bloomberg USA PAB UCITS ETF (EUR) (OP7E.DE) has a volatility of 3.07%. This indicates that OG35.DE experiences smaller price fluctuations and is considered to be less risky than OP7E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OG35.DE | OP7E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 3.07% | -1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 8.23% | -5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.72% | 12.11% | -9.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.97% | 14.78% | -10.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.76% | 14.78% | -11.02% |
OG35.DE vs. OP7E.DE - Expense Ratio Comparison
OG35.DE has a 0.17% expense ratio, which is higher than OP7E.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
OG35.DE vs. OP7E.DE - Dividend Comparison
Neither OG35.DE nor OP7E.DE has paid dividends to shareholders.
Frequently Asked Questions
OG35.DE and OP7E.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OP7E.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OP7E.DE is cheaper with a 0.12% expense ratio, compared with 0.17% for OG35.DE.
OG35.DE is categorized as European Government Bonds, while OP7E.DE is Large Cap Blend Equities. OG35.DE tracks ICE 3-5 Year Euro Government Carbon Reduction, while OP7E.DE tracks Bloomberg PAB US Large & Mid Cap. Their fees differ too: 0.17% for OG35.DE and 0.12% for OP7E.DE.
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