OP2E.DE vs. PRAE.DE
OP2E.DE (Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR)) and PRAE.DE (Amundi Prime Europe UCITS ETF) are both Europe Equities funds - OP2E.DE tracks the Bloomberg PAB Eurozone DM Large & Mid Cap while PRAE.DE tracks the Solactive GBS Developed Markets Europe Large & Mid Cap. Both are passively managed. Over the past 3 years, OP2E.DE returned 11.48%/yr vs 13.87%/yr for PRAE.DE. Their correlation of 0.92 suggests significant overlap in exposure. OP2E.DE charges 0.17%/yr vs 0.05%/yr for PRAE.DE.
Performance
OP2E.DE vs. PRAE.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 lower than PRAE.DE's 7.71% return.
OP2E.DE
- 1D
- 0.77%
- 1M
- 3.64%
- YTD
- 6.95%
- 6M
- 8.04%
- 1Y
- 12.68%
- 3Y*
- 11.48%
- 5Y*
- —
- 10Y*
- —
PRAE.DE
- 1D
- 0.23%
- 1M
- 0.88%
- YTD
- 7.71%
- 6M
- 9.87%
- 1Y
- 16.29%
- 3Y*
- 13.87%
- 5Y*
- 10.04%
- 10Y*
- —
OP2E.DE vs. PRAE.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% |
PRAE.DE Amundi Prime Europe UCITS ETF | 7.71% | 20.47% | 8.49% | 15.73% | -1.23% |
Correlation
The correlation between OP2E.DE and PRAE.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.92 |
The correlation between OP2E.DE and PRAE.DE has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.
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Return for Risk
OP2E.DE vs. PRAE.DE — Risk / Return Rank
OP2E.DE
PRAE.DE
OP2E.DE vs. PRAE.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 Prime Europe UCITS ETF (PRAE.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 | PRAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.75 | -0.67 |
| Martin ratioReturn relative to average drawdown | 3.64 | 6.64 | -3.00 |
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 | PRAE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.29 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.54 | +0.32 |
Drawdowns
OP2E.DE vs. PRAE.DE - Drawdown Comparison
The maximum OP2E.DE drawdown since its inception was -16.56%, smaller than the maximum PRAE.DE drawdown of -32.86%. Use the drawdown chart below to compare losses from any high point for OP2E.DE and PRAE.DE.
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Drawdown Indicators
| OP2E.DE | PRAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.56% | -32.86% | +16.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -9.54% | -2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | -16.94% | +0.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.60% | — |
Current DrawdownCurrent decline from peak | -0.25% | -1.63% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -5.27% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 2.52% | +1.01% |
Volatility
OP2E.DE vs. PRAE.DE - Volatility Comparison
Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR) (OP2E.DE) has a higher volatility of 4.94% compared to Amundi Prime Europe UCITS ETF (PRAE.DE) at 4.39%. This indicates that OP2E.DE's price experiences larger fluctuations and is considered to be riskier than PRAE.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 | PRAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 4.39% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 12.42% | 10.66% | +1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.98% | 12.97% | +2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 14.42% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 17.22% | -2.04% |
OP2E.DE vs. PRAE.DE - Expense Ratio Comparison
OP2E.DE has a 0.17% expense ratio, which is higher than PRAE.DE's 0.05% 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
OP2E.DE vs. PRAE.DE - Dividend Comparison
Neither OP2E.DE nor PRAE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, OP2E.DE and PRAE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, PRAE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAE.DE is cheaper with a 0.05% expense ratio, compared with 0.17% for OP2E.DE.
OP2E.DE tracks Bloomberg PAB Eurozone DM Large & Mid Cap, while PRAE.DE tracks Solactive GBS Developed Markets Europe Large & Mid Cap. They also come from different issuers: Natixis and Amundi. Their fees differ too: 0.17% for OP2E.DE and 0.05% for PRAE.DE.
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