OP2E.DE vs. ASWA.DE
OP2E.DE (Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR)) and ASWA.DE (HANetf European Green Deal UCITS ETF Acc) are both Europe Equities funds - OP2E.DE tracks the Bloomberg PAB Eurozone DM Large & Mid Cap while ASWA.DE tracks the SGI European Green Deal ESG Screened. Both are passively managed. Over the past year, OP2E.DE returned 12.90% vs 0.26% for ASWA.DE. A 0.69 correlation means they provide meaningful diversification when combined. OP2E.DE charges 0.17%/yr vs 0.60%/yr for ASWA.DE.
Performance
OP2E.DE vs. ASWA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OP2E.DE achieves a 6.95% return, which is significantly higher than ASWA.DE's -10.58% return.
OP2E.DE
- 1D
- 0.77%
- 1M
- 6.48%
- YTD
- 6.95%
- 6M
- 8.21%
- 1Y
- 12.90%
- 3Y*
- 11.48%
- 5Y*
- —
- 10Y*
- —
ASWA.DE
- 1D
- -0.09%
- 1M
- 0.41%
- YTD
- -10.58%
- 6M
- -9.71%
- 1Y
- 0.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OP2E.DE vs. ASWA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OP2E.DE Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR) | 6.95% | 15.46% | 7.37% | 2.06% |
ASWA.DE HANetf European Green Deal UCITS ETF Acc | -10.58% | 26.07% | -11.37% | -2.40% |
Correlation
The correlation between OP2E.DE and ASWA.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2023 | 0.69 |
Over the past year, the correlation between OP2E.DE and ASWA.DE has dropped to 0.48 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
OP2E.DE vs. ASWA.DE — Risk / Return Rank
OP2E.DE
ASWA.DE
OP2E.DE vs. ASWA.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 HANetf European Green Deal UCITS ETF Acc (ASWA.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 | ASWA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.06 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 0.01 | +1.07 |
| Martin ratioReturn relative to average drawdown | 3.64 | 0.03 | +3.62 |
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 | ASWA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.01 | +0.85 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | -0.04 | +0.89 |
Drawdowns
OP2E.DE vs. ASWA.DE - Drawdown Comparison
The maximum OP2E.DE drawdown since its inception was -16.56%, smaller than the maximum ASWA.DE drawdown of -30.36%. Use the drawdown chart below to compare losses from any high point for OP2E.DE and ASWA.DE.
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Drawdown Indicators
| OP2E.DE | ASWA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.56% | -30.36% | +13.80% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -30.36% | +18.44% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -23.85% | +23.60% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -8.15% | +5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 10.54% | -7.01% |
Volatility
OP2E.DE vs. ASWA.DE - Volatility Comparison
The current volatility for Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR) (OP2E.DE) is 4.94%, while HANetf European Green Deal UCITS ETF Acc (ASWA.DE) has a volatility of 7.52%. This indicates that OP2E.DE experiences smaller price fluctuations and is considered to be less risky than ASWA.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 | ASWA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 7.52% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 12.42% | 37.06% | -24.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.98% | 33.68% | -18.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 24.72% | -9.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 24.72% | -9.54% |
OP2E.DE vs. ASWA.DE - Expense Ratio Comparison
OP2E.DE has a 0.17% expense ratio, which is lower than ASWA.DE's 0.60% expense ratio.
Dividends
OP2E.DE vs. ASWA.DE - Dividend Comparison
Neither OP2E.DE nor ASWA.DE has paid dividends to shareholders.
Frequently Asked Questions
OP2E.DE and ASWA.DE have a correlation of 0.48, 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 0.60% for ASWA.DE.
OP2E.DE tracks Bloomberg PAB Eurozone DM Large & Mid Cap, while ASWA.DE tracks SGI European Green Deal ESG Screened. They also come from different issuers: Natixis and HANetf. Their fees differ too: 0.17% for OP2E.DE and 0.60% for ASWA.DE.
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