OP2E.DE vs. PRAZ.DE
OP2E.DE (Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR)) and PRAZ.DE (Amundi Prime Eurozone UCITS ETF) are both Europe Equities funds - OP2E.DE tracks the Bloomberg PAB Eurozone DM Large & Mid Cap while PRAZ.DE tracks the Solactive GBS Developed Markets Eurozone Large & Mid Cap. Both are passively managed. Over the past 3 years, OP2E.DE returned 11.48%/yr vs 16.37%/yr for PRAZ.DE. Their correlation of 0.90 suggests significant overlap in exposure. OP2E.DE charges 0.17%/yr vs 0.05%/yr for PRAZ.DE.
Performance
OP2E.DE vs. PRAZ.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 PRAZ.DE's 9.30% return.
OP2E.DE
- 1D
- 0.77%
- 1M
- 6.48%
- YTD
- 6.95%
- 6M
- 8.21%
- 1Y
- 12.90%
- 3Y*
- 11.48%
- 5Y*
- —
- 10Y*
- —
PRAZ.DE
- 1D
- 0.60%
- 1M
- 4.74%
- YTD
- 9.30%
- 6M
- 11.04%
- 1Y
- 18.71%
- 3Y*
- 16.37%
- 5Y*
- 10.92%
- 10Y*
- —
OP2E.DE vs. PRAZ.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% |
PRAZ.DE Amundi Prime Eurozone UCITS ETF | 9.30% | 24.75% | 9.66% | 19.29% | 1.88% |
Correlation
The correlation between OP2E.DE and PRAZ.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
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 | 0.90 |
The correlation between OP2E.DE and PRAZ.DE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
OP2E.DE vs. PRAZ.DE — Risk / Return Rank
OP2E.DE
PRAZ.DE
OP2E.DE vs. PRAZ.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 Eurozone UCITS ETF (PRAZ.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 | PRAZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.78 | -0.71 |
| Martin ratioReturn relative to average drawdown | 3.64 | 6.54 | -2.89 |
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 | PRAZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.25 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.55 | +0.31 |
Drawdowns
OP2E.DE vs. PRAZ.DE - Drawdown Comparison
The maximum OP2E.DE drawdown since its inception was -16.56%, smaller than the maximum PRAZ.DE drawdown of -29.52%. Use the drawdown chart below to compare losses from any high point for OP2E.DE and PRAZ.DE.
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Drawdown Indicators
| OP2E.DE | PRAZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.56% | -29.52% | +12.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -10.45% | -1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | -15.46% | -1.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.09% | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.37% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -6.18% | +3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 2.86% | +0.67% |
Volatility
OP2E.DE vs. PRAZ.DE - Volatility Comparison
Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR) (OP2E.DE) has a higher volatility of 4.94% compared to Amundi Prime Eurozone UCITS ETF (PRAZ.DE) at 4.69%. This indicates that OP2E.DE's price experiences larger fluctuations and is considered to be riskier than PRAZ.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 | PRAZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 4.69% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 12.42% | 12.25% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.98% | 14.95% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 16.99% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 19.16% | -3.98% |
OP2E.DE vs. PRAZ.DE - Expense Ratio Comparison
OP2E.DE has a 0.17% expense ratio, which is higher than PRAZ.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. PRAZ.DE - Dividend Comparison
Neither OP2E.DE nor PRAZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, OP2E.DE and PRAZ.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, PRAZ.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAZ.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 PRAZ.DE tracks Solactive GBS Developed Markets Eurozone 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 PRAZ.DE.
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