OP2E.DE vs. EXS2.DE
OP2E.DE (Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR)) and EXS2.DE (iShares TecDAX UCITS ETF (DE)) are both Europe Equities funds - OP2E.DE tracks the Bloomberg PAB Eurozone DM Large & Mid Cap while EXS2.DE tracks the TecDAX®. Both are passively managed. Over the past 3 years, OP2E.DE returned 11.48%/yr vs 8.54%/yr for EXS2.DE. Their correlation of 0.82 suggests significant overlap in exposure. OP2E.DE charges 0.17%/yr vs 0.51%/yr for EXS2.DE.
Performance
OP2E.DE vs. EXS2.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OP2E.DE achieves a 6.95% return, which is significantly lower than EXS2.DE's 15.70% return.
OP2E.DE
- 1D
- 0.77%
- 1M
- 3.64%
- YTD
- 6.95%
- 6M
- 8.04%
- 1Y
- 12.68%
- 3Y*
- 11.48%
- 5Y*
- —
- 10Y*
- —
EXS2.DE
- 1D
- 0.52%
- 1M
- 10.24%
- YTD
- 15.70%
- 6M
- 16.12%
- 1Y
- 5.55%
- 3Y*
- 8.54%
- 5Y*
- 3.72%
- 10Y*
- 9.01%
OP2E.DE vs. EXS2.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% |
EXS2.DE iShares TecDAX UCITS ETF (DE) | 15.70% | 5.33% | 1.63% | 13.54% | -4.12% |
Correlation
The correlation between OP2E.DE and EXS2.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.82 |
The correlation between OP2E.DE and EXS2.DE has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OP2E.DE vs. EXS2.DE — Risk / Return Rank
OP2E.DE
EXS2.DE
OP2E.DE vs. EXS2.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 iShares TecDAX UCITS ETF (DE) (EXS2.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 | EXS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.07 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 0.40 | +0.68 |
| Martin ratioReturn relative to average drawdown | 3.64 | 0.80 | +2.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| OP2E.DE | EXS2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.36 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.20 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.14 | +0.72 |
Drawdowns
OP2E.DE vs. EXS2.DE - Drawdown Comparison
The maximum OP2E.DE drawdown since its inception was -16.56%, smaller than the maximum EXS2.DE drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for OP2E.DE and EXS2.DE.
Loading charts...
Drawdown Indicators
| OP2E.DE | EXS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.56% | -84.49% | +67.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -16.12% | +4.20% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | -17.93% | +1.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.97% | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.81% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -39.46% | +36.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 8.07% | -4.54% |
Volatility
OP2E.DE vs. EXS2.DE - Volatility Comparison
The current volatility for Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR) (OP2E.DE) is 4.94%, while iShares TecDAX UCITS ETF (DE) (EXS2.DE) has a volatility of 5.29%. This indicates that OP2E.DE experiences smaller price fluctuations and is considered to be less risky than EXS2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| OP2E.DE | EXS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 5.29% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.42% | 14.25% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.98% | 17.83% | -2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 18.80% | -3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 19.47% | -4.29% |
OP2E.DE vs. EXS2.DE - Expense Ratio Comparison
OP2E.DE has a 0.17% expense ratio, which is lower than EXS2.DE's 0.51% expense ratio.
Dividends
OP2E.DE vs. EXS2.DE - Dividend Comparison
Neither OP2E.DE nor EXS2.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXS2.DE iShares TecDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.15% | 0.25% | 0.36% |
OP2E.DE Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OP2E.DE and EXS2.DE have a correlation of 0.77, 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 0.51% for EXS2.DE.
OP2E.DE tracks Bloomberg PAB Eurozone DM Large & Mid Cap, while EXS2.DE tracks TecDAX®. They also come from different issuers: Natixis and iShares. Their fees differ too: 0.17% for OP2E.DE and 0.51% for EXS2.DE.
Find the right allocation for OP2E.DE and EXS2.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer