OP2E.DE vs. 18M2.DE
OP2E.DE (Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR)) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both Europe Equities funds - OP2E.DE tracks the Bloomberg PAB Eurozone DM Large & Mid Cap while 18M2.DE tracks the MSCI EMU High Dividend Yield. Both are passively managed. Over the past 3 years, OP2E.DE returned 11.48%/yr vs 12.13%/yr for 18M2.DE. A 0.77 correlation means they provide meaningful diversification when combined. OP2E.DE charges 0.17%/yr vs 0.30%/yr for 18M2.DE.
Performance
OP2E.DE vs. 18M2.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with OP2E.DE having a 6.95% return and 18M2.DE slightly lower at 6.76%.
OP2E.DE
- 1D
- 0.77%
- 1M
- 6.48%
- YTD
- 6.95%
- 6M
- 8.21%
- 1Y
- 12.90%
- 3Y*
- 11.48%
- 5Y*
- —
- 10Y*
- —
18M2.DE
- 1D
- 0.32%
- 1M
- 1.10%
- YTD
- 6.76%
- 6M
- 8.84%
- 1Y
- 15.86%
- 3Y*
- 12.13%
- 5Y*
- 8.90%
- 10Y*
- 8.26%
OP2E.DE vs. 18M2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OP2E.DE Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR) | 6.95% | 15.46% | 7.37% | 19.25% | 0.85% |
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 6.76% | 21.49% | 3.36% | 16.14% | 5.47% |
Correlation
The correlation between OP2E.DE and 18M2.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.77 |
The correlation between OP2E.DE and 18M2.DE has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
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Return for Risk
OP2E.DE vs. 18M2.DE — Risk / Return Rank
OP2E.DE
18M2.DE
OP2E.DE vs. 18M2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR) (OP2E.DE) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.
| OP2E.DE | 18M2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.28 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 2.55 | -1.47 |
| Martin ratioReturn relative to average drawdown | 3.64 | 6.71 | -3.07 |
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
| OP2E.DE | 18M2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.49 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.44 | +0.42 |
Drawdowns
OP2E.DE vs. 18M2.DE - Drawdown Comparison
The maximum OP2E.DE drawdown since its inception was -16.56%, smaller than the maximum 18M2.DE drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for OP2E.DE and 18M2.DE.
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Drawdown Indicators
| OP2E.DE | 18M2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.56% | -37.06% | +20.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -6.19% | -5.73% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | -14.68% | -1.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.06% | — |
Current DrawdownCurrent decline from peak | -0.25% | -1.44% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -6.42% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 2.36% | +1.17% |
Volatility
OP2E.DE vs. 18M2.DE - Volatility Comparison
Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR) (OP2E.DE) has a higher volatility of 4.94% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 2.63%. This indicates that OP2E.DE's price experiences larger fluctuations and is considered to be riskier than 18M2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OP2E.DE | 18M2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 2.63% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.42% | 8.33% | +4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.98% | 10.62% | +4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 13.41% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 15.44% | -0.26% |
OP2E.DE vs. 18M2.DE - Expense Ratio Comparison
OP2E.DE has a 0.17% expense ratio, which is lower than 18M2.DE's 0.30% expense ratio.
Dividends
OP2E.DE vs. 18M2.DE - Dividend Comparison
Neither OP2E.DE nor 18M2.DE has paid dividends to shareholders.
Frequently Asked Questions
OP2E.DE and 18M2.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OP2E.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OP2E.DE is cheaper with a 0.17% expense ratio, compared with 0.30% for 18M2.DE.
OP2E.DE tracks Bloomberg PAB Eurozone DM Large & Mid Cap, while 18M2.DE tracks MSCI EMU High Dividend Yield. They also come from different issuers: Natixis and Amundi. Their fees differ too: 0.17% for OP2E.DE and 0.30% for 18M2.DE.
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