OP6E.DE vs. 18MM.DE
OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) and 18MM.DE (Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR) are both Asia Pacific Equities funds - OP6E.DE tracks the Bloomberg PAB APAC DM ex-Japan Large & Mid Cap while 18MM.DE tracks the MSCI Pacific ex Japan SRI Filtered PAB. Both are passively managed. Over the past 3 years, OP6E.DE returned 8.96%/yr vs 2.40%/yr for 18MM.DE. Their correlation of 0.81 suggests significant overlap in exposure. OP6E.DE charges 0.29%/yr vs 0.45%/yr for 18MM.DE.
Performance
OP6E.DE vs. 18MM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OP6E.DE achieves a 4.48% return, which is significantly higher than 18MM.DE's 2.24% return.
OP6E.DE
- 1D
- -0.61%
- 1M
- -3.04%
- YTD
- 4.48%
- 6M
- 5.94%
- 1Y
- 7.51%
- 3Y*
- 8.96%
- 5Y*
- —
- 10Y*
- —
18MM.DE
- 1D
- -0.72%
- 1M
- -5.29%
- YTD
- 2.24%
- 6M
- 2.70%
- 1Y
- 0.13%
- 3Y*
- 2.40%
- 5Y*
- 1.50%
- 10Y*
- 4.46%
OP6E.DE vs. 18MM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OP6E.DE Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) | 4.48% | 6.39% | 15.17% | 0.41% | -5.27% |
18MM.DE Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR | 2.24% | 0.05% | 5.93% | 1.38% | -7.36% |
Correlation
The correlation between OP6E.DE and 18MM.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.81 |
The correlation between OP6E.DE and 18MM.DE has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.
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Return for Risk
OP6E.DE vs. 18MM.DE — Risk / Return Rank
OP6E.DE
18MM.DE
OP6E.DE vs. 18MM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) and Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR (18MM.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.
| OP6E.DE | 18MM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.02 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.17 | +0.96 |
| Martin ratioReturn relative to average drawdown | 2.95 | 0.42 | +2.54 |
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
| OP6E.DE | 18MM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.08 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.10 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.30 | +0.06 |
Drawdowns
OP6E.DE vs. 18MM.DE - Drawdown Comparison
The maximum OP6E.DE drawdown since its inception was -18.34%, smaller than the maximum 18MM.DE drawdown of -36.82%. Use the drawdown chart below to compare losses from any high point for OP6E.DE and 18MM.DE.
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Drawdown Indicators
| OP6E.DE | 18MM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.34% | -36.82% | +18.48% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -6.51% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -18.52% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.20% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.82% | — |
Current DrawdownCurrent decline from peak | -4.43% | -5.39% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -7.83% | +2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.58% | -0.01% |
Volatility
OP6E.DE vs. 18MM.DE - Volatility Comparison
The current volatility for Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) is 2.87%, while Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR (18MM.DE) has a volatility of 3.57%. This indicates that OP6E.DE experiences smaller price fluctuations and is considered to be less risky than 18MM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OP6E.DE | 18MM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 3.57% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 10.29% | -1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.49% | 13.51% | -2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.75% | 14.97% | -0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 16.60% | -1.85% |
OP6E.DE vs. 18MM.DE - Expense Ratio Comparison
OP6E.DE has a 0.29% expense ratio, which is lower than 18MM.DE's 0.45% expense ratio.
Dividends
OP6E.DE vs. 18MM.DE - Dividend Comparison
Neither OP6E.DE nor 18MM.DE has paid dividends to shareholders.
Frequently Asked Questions
OP6E.DE and 18MM.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OP6E.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OP6E.DE is cheaper with a 0.29% expense ratio, compared with 0.45% for 18MM.DE.
OP6E.DE tracks Bloomberg PAB APAC DM ex-Japan Large & Mid Cap, while 18MM.DE tracks MSCI Pacific ex Japan SRI Filtered PAB. They also come from different issuers: Natixis and Amundi. Their fees differ too: 0.29% for OP6E.DE and 0.45% for 18MM.DE.
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