OP6E.DE vs. ETLK.DE
OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) and ETLK.DE (L&G Asia Pacific ex Japan Equity UCITS ETF) are both Asia Pacific Equities funds - OP6E.DE tracks the Bloomberg PAB APAC DM ex-Japan Large & Mid Cap while ETLK.DE tracks the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap. Both are passively managed. Over the past 3 years, OP6E.DE returned 8.96%/yr vs 10.15%/yr for ETLK.DE. Their correlation of 0.93 suggests significant overlap in exposure. OP6E.DE charges 0.29%/yr vs 0.10%/yr for ETLK.DE.
Performance
OP6E.DE vs. ETLK.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OP6E.DE achieves a 4.48% return, which is significantly lower than ETLK.DE's 8.76% return.
OP6E.DE
- 1D
- -0.61%
- 1M
- -3.04%
- YTD
- 4.48%
- 6M
- 5.94%
- 1Y
- 7.51%
- 3Y*
- 8.96%
- 5Y*
- —
- 10Y*
- —
ETLK.DE
- 1D
- -0.99%
- 1M
- -2.56%
- YTD
- 8.76%
- 6M
- 10.04%
- 1Y
- 13.52%
- 3Y*
- 10.15%
- 5Y*
- 5.51%
- 10Y*
- —
OP6E.DE vs. ETLK.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% |
ETLK.DE L&G Asia Pacific ex Japan Equity UCITS ETF | 8.76% | 7.52% | 11.54% | 1.26% | -4.38% |
Correlation
The correlation between OP6E.DE and ETLK.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.93 |
The correlation between OP6E.DE and ETLK.DE has been stable across timeframes, ranging from 0.87 to 0.93 - 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
OP6E.DE vs. ETLK.DE — Risk / Return Rank
OP6E.DE
ETLK.DE
OP6E.DE vs. ETLK.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 L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.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 | ETLK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.21 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.34 | -1.21 |
| Martin ratioReturn relative to average drawdown | 2.95 | 6.47 | -3.52 |
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
| OP6E.DE | ETLK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.16 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.39 | -0.03 |
Drawdowns
OP6E.DE vs. ETLK.DE - Drawdown Comparison
The maximum OP6E.DE drawdown since its inception was -18.34%, smaller than the maximum ETLK.DE drawdown of -36.72%. Use the drawdown chart below to compare losses from any high point for OP6E.DE and ETLK.DE.
Loading charts...
Drawdown Indicators
| OP6E.DE | ETLK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.34% | -36.72% | +18.38% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -5.98% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -19.89% | +1.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.89% | — |
Current DrawdownCurrent decline from peak | -4.43% | -2.56% | -1.87% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -5.76% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.16% | +0.41% |
Volatility
OP6E.DE vs. ETLK.DE - Volatility Comparison
The current volatility for Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) is 2.87%, while L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) has a volatility of 3.38%. This indicates that OP6E.DE experiences smaller price fluctuations and is considered to be less risky than ETLK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| OP6E.DE | ETLK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 3.38% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 9.32% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.49% | 12.02% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.75% | 14.78% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 18.21% | -3.46% |
OP6E.DE vs. ETLK.DE - Expense Ratio Comparison
OP6E.DE has a 0.29% expense ratio, which is higher than ETLK.DE's 0.10% expense ratio.
Dividends
OP6E.DE vs. ETLK.DE - Dividend Comparison
Neither OP6E.DE nor ETLK.DE has paid dividends to shareholders.
Frequently Asked Questions
OP6E.DE and ETLK.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLK.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLK.DE is cheaper with a 0.10% expense ratio, compared with 0.29% for OP6E.DE.
OP6E.DE tracks Bloomberg PAB APAC DM ex-Japan Large & Mid Cap, while ETLK.DE tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap. They also come from different issuers: Natixis and Legal & General. Their fees differ too: 0.29% for OP6E.DE and 0.10% for ETLK.DE.
Find the right allocation for OP6E.DE and ETLK.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