OP5E.DE vs. SXRZ.DE
OP5E.DE (Ossiam Bloomberg Japan PAB NR UCITS ETF (EUR)) and SXRZ.DE (iShares Nikkei 225 UCITS ETF (Acc)) are both Japan Equities funds - OP5E.DE tracks the Bloomberg PAB Japan Large & Mid Cap while SXRZ.DE tracks the Nikkei 225®. Both are passively managed. Over the past 3 years, OP5E.DE returned 13.12%/yr vs 20.34%/yr for SXRZ.DE. Their correlation of 0.87 suggests significant overlap in exposure. OP5E.DE charges 0.19%/yr vs 0.48%/yr for SXRZ.DE.
Performance
OP5E.DE vs. SXRZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OP5E.DE achieves a 17.74% return, which is significantly lower than SXRZ.DE's 32.06% return.
OP5E.DE
- 1D
- -0.31%
- 1M
- 7.47%
- YTD
- 17.74%
- 6M
- 17.17%
- 1Y
- 29.26%
- 3Y*
- 13.12%
- 5Y*
- —
- 10Y*
- —
SXRZ.DE
- 1D
- -1.49%
- 1M
- 10.39%
- YTD
- 32.06%
- 6M
- 30.06%
- 1Y
- 59.28%
- 3Y*
- 20.34%
- 5Y*
- 11.98%
- 10Y*
- 11.60%
OP5E.DE vs. SXRZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OP5E.DE Ossiam Bloomberg Japan PAB NR UCITS ETF (EUR) | 17.74% | 8.90% | 10.84% | 14.78% | -8.63% |
SXRZ.DE iShares Nikkei 225 UCITS ETF (Acc) | 32.06% | 15.71% | 13.83% | 17.70% | -11.26% |
Correlation
The correlation between OP5E.DE and SXRZ.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.87 |
The correlation between OP5E.DE and SXRZ.DE has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
OP5E.DE vs. SXRZ.DE — Risk / Return Rank
OP5E.DE
SXRZ.DE
OP5E.DE vs. SXRZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam Bloomberg Japan PAB NR UCITS ETF (EUR) (OP5E.DE) and iShares Nikkei 225 UCITS ETF (Acc) (SXRZ.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.
| OP5E.DE | SXRZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.42 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 4.57 | -1.75 |
| Martin ratioReturn relative to average drawdown | 9.37 | 13.83 | -4.46 |
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
| OP5E.DE | SXRZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 2.53 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.64 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.58 | +0.08 |
Drawdowns
OP5E.DE vs. SXRZ.DE - Drawdown Comparison
The maximum OP5E.DE drawdown since its inception was -16.97%, smaller than the maximum SXRZ.DE drawdown of -29.90%. Use the drawdown chart below to compare losses from any high point for OP5E.DE and SXRZ.DE.
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Drawdown Indicators
| OP5E.DE | SXRZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.97% | -29.90% | +12.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -12.92% | +2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.97% | -20.19% | +3.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.90% | — |
Current DrawdownCurrent decline from peak | -0.31% | -1.49% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -7.26% | +3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 4.28% | -1.16% |
Volatility
OP5E.DE vs. SXRZ.DE - Volatility Comparison
The current volatility for Ossiam Bloomberg Japan PAB NR UCITS ETF (EUR) (OP5E.DE) is 3.48%, while iShares Nikkei 225 UCITS ETF (Acc) (SXRZ.DE) has a volatility of 6.62%. This indicates that OP5E.DE experiences smaller price fluctuations and is considered to be less risky than SXRZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OP5E.DE | SXRZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 6.62% | -3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 14.30% | 18.37% | -4.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.38% | 23.34% | -4.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 18.49% | -1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.72% | 17.77% | -1.05% |
OP5E.DE vs. SXRZ.DE - Expense Ratio Comparison
OP5E.DE has a 0.19% expense ratio, which is lower than SXRZ.DE's 0.48% expense ratio.
Dividends
OP5E.DE vs. SXRZ.DE - Dividend Comparison
Neither OP5E.DE nor SXRZ.DE has paid dividends to shareholders.
Frequently Asked Questions
OP5E.DE and SXRZ.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OP5E.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OP5E.DE is cheaper with a 0.19% expense ratio, compared with 0.48% for SXRZ.DE.
OP5E.DE tracks Bloomberg PAB Japan Large & Mid Cap, while SXRZ.DE tracks Nikkei 225®. They also come from different issuers: Natixis and iShares. Their fees differ too: 0.19% for OP5E.DE and 0.48% for SXRZ.DE.
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