OP6E.DE vs. OG35.DE
OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) and OG35.DE (Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF) are both exchange-traded funds - OP6E.DE is a Asia Pacific Equities fund tracking the Bloomberg PAB APAC DM ex-Japan Large & Mid Cap, while OG35.DE is a European Government Bonds fund tracking the ICE 3-5 Year Euro Government Carbon Reduction. Both are passively managed. Over the past 3 years, OP6E.DE returned 8.96%/yr vs 2.79%/yr for OG35.DE. At a 0.19 correlation, their price movements are largely independent. OP6E.DE charges 0.29%/yr vs 0.17%/yr for OG35.DE.
Performance
OP6E.DE vs. OG35.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 OG35.DE's -0.13% return.
OP6E.DE
- 1D
- -0.61%
- 1M
- -3.04%
- YTD
- 4.48%
- 6M
- 5.94%
- 1Y
- 7.51%
- 3Y*
- 8.96%
- 5Y*
- —
- 10Y*
- —
OG35.DE
- 1D
- 0.05%
- 1M
- -0.04%
- YTD
- -0.13%
- 6M
- -0.06%
- 1Y
- 0.67%
- 3Y*
- 2.79%
- 5Y*
- -0.34%
- 10Y*
- —
OP6E.DE vs. OG35.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% |
OG35.DE Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF | -0.13% | 2.46% | 2.13% | 5.16% | -4.58% |
Correlation
The correlation between OP6E.DE and OG35.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.19 |
The correlation between OP6E.DE and OG35.DE shifts across timeframes, from 0.19 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
OP6E.DE vs. OG35.DE — Risk / Return Rank
OP6E.DE
OG35.DE
OP6E.DE vs. OG35.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 Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.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 | OG35.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.03 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.17 | +0.96 |
| Martin ratioReturn relative to average drawdown | 2.95 | 0.48 | +2.47 |
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 | OG35.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.15 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | -0.05 | +0.41 |
Drawdowns
OP6E.DE vs. OG35.DE - Drawdown Comparison
The maximum OP6E.DE drawdown since its inception was -18.34%, which is greater than OG35.DE's maximum drawdown of -12.21%. Use the drawdown chart below to compare losses from any high point for OP6E.DE and OG35.DE.
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Drawdown Indicators
| OP6E.DE | OG35.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.34% | -12.21% | -6.13% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -2.41% | -4.31% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -2.41% | -15.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.90% | — |
Current DrawdownCurrent decline from peak | -4.43% | -2.66% | -1.77% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -4.99% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 0.85% | +1.72% |
Volatility
OP6E.DE vs. OG35.DE - Volatility Comparison
Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) has a higher volatility of 2.87% compared to Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE) at 1.08%. This indicates that OP6E.DE's price experiences larger fluctuations and is considered to be riskier than OG35.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 | OG35.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 1.08% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 2.47% | +6.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.49% | 2.72% | +8.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.75% | 3.97% | +10.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 3.76% | +10.99% |
OP6E.DE vs. OG35.DE - Expense Ratio Comparison
OP6E.DE has a 0.29% expense ratio, which is higher than OG35.DE's 0.17% expense ratio.
Dividends
OP6E.DE vs. OG35.DE - Dividend Comparison
Neither OP6E.DE nor OG35.DE has paid dividends to shareholders.
Frequently Asked Questions
OP6E.DE and OG35.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OG35.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OG35.DE is cheaper with a 0.17% expense ratio, compared with 0.29% for OP6E.DE.
OP6E.DE is categorized as Asia Pacific Equities, while OG35.DE is European Government Bonds. OP6E.DE tracks Bloomberg PAB APAC DM ex-Japan Large & Mid Cap, while OG35.DE tracks ICE 3-5 Year Euro Government Carbon Reduction. Their fees differ too: 0.29% for OP6E.DE and 0.17% for OG35.DE.
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