OP6E.DE vs. OP7E.DE

Last updated Jun 27, 2026

OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) and OP7E.DE (Ossiam Bloomberg USA PAB UCITS ETF (EUR)) 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 OP7E.DE is a Large Cap Blend Equities fund tracking the Bloomberg PAB US Large & Mid Cap. Both are passively managed. Over the past 3 years, OP6E.DE returned 10.42%/yr vs 16.47%/yr for OP7E.DE. A 0.54 correlation means they provide meaningful diversification when combined. OP6E.DE charges 0.29%/yr vs 0.12%/yr for OP7E.DE.

Performance

OP6E.DE vs. OP7E.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) and Ossiam Bloomberg USA PAB UCITS ETF (EUR) (OP7E.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OP6E.DE achieves a 6.49% return, which is significantly lower than OP7E.DE's 9.93% return.

OP6E.DE

• 1D: 0.00%
• 1M: 1.62%
• YTD: 6.49%
• 6M: 6.46%
• 1Y: 9.67%
• 3Y*: 10.42%
• 5Y*: —
• 10Y*: —

OP7E.DE

• 1D: 0.00%
• 1M: 2.03%
• YTD: 9.93%
• 6M: 10.45%
• 1Y: 19.65%
• 3Y*: 16.47%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OP6E.DE vs. OP7E.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OP6E.DE Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)	6.49%	6.39%	15.17%	0.41%	-0.63%
OP7E.DE Ossiam Bloomberg USA PAB UCITS ETF (EUR)	9.93%	1.18%	29.02%	22.72%	-4.69%

Correlation

The correlation between OP6E.DE and OP7E.DE is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jul 19, 2022	0.54

The correlation between OP6E.DE and OP7E.DE has been stable across timeframes, ranging from 0.51 to 0.54 - a consistent structural relationship.

Return for Risk

OP6E.DE vs. OP7E.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OP6E.DE

OP6E.DE Risk / Return Rank: 26
OP6E.DE Sharpe Ratio Rank: 24
OP6E.DE Sortino Ratio Rank: 25
OP6E.DE Omega Ratio Rank: 22
OP6E.DE Calmar Ratio Rank: 31
OP6E.DE Martin Ratio Rank: 28

OP7E.DE

OP7E.DE Risk / Return Rank: 49
OP7E.DE Sharpe Ratio Rank: 51
OP7E.DE Sortino Ratio Rank: 50
OP7E.DE Omega Ratio Rank: 50
OP7E.DE Calmar Ratio Rank: 49
OP7E.DE Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OP6E.DE vs. OP7E.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 Bloomberg USA PAB UCITS ETF (EUR) (OP7E.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	OP6E.DE	OP7E.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.82	1.58	-0.76
Sortino ratio: Return per unit of downside risk	1.31	2.21	-0.91
Omega ratio: Gain probability vs. loss probability	1.15	1.29	-0.14
Calmar ratio: Return relative to maximum drawdown	1.43	2.19	-0.75
Martin ratio: Return relative to average drawdown	3.55	7.01	-3.47

OP6E.DE vs. OP7E.DE - Sharpe Ratio Comparison

The current OP6E.DE Sharpe Ratio is 0.82, which is lower than the OP7E.DE Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of OP6E.DE and OP7E.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OP6E.DE vs. OP7E.DE - Drawdown Comparison

The maximum OP6E.DE drawdown since its inception was -18.34%, smaller than the maximum OP7E.DE drawdown of -23.71%. Use the drawdown chart below to compare losses from any high point for OP6E.DE and OP7E.DE.

Drawdown Indicators

	OP6E.DE	OP7E.DE	Difference
Max Drawdown Largest peak-to-trough decline	-18.34%	-23.71%	+5.37%
Max Drawdown (1Y) Largest decline over 1 year	-6.72%	-8.94%	+2.22%
Max Drawdown (3Y) Largest decline over 3 years	-18.34%	-23.71%	+5.37%
Current Drawdown Current decline from peak	-2.59%	-0.06%	-2.53%
Average Drawdown Average peak-to-trough decline	-4.74%	-5.22%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	2.79%	-0.07%

Volatility

OP6E.DE vs. OP7E.DE - Volatility Comparison

The current volatility for Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) is 3.26%, while Ossiam Bloomberg USA PAB UCITS ETF (EUR) (OP7E.DE) has a volatility of 3.51%. This indicates that OP6E.DE experiences smaller price fluctuations and is considered to be less risky than OP7E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OP6E.DE	OP7E.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	3.51%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	8.84%	8.63%	+0.21%
Volatility (1Y) Calculated over the trailing 1-year period	11.68%	12.36%	-0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.56%	14.87%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.56%	14.87%	-0.31%

OP6E.DE vs. OP7E.DE - Expense Ratio Comparison

OP6E.DE has a 0.29% expense ratio, which is higher than OP7E.DE's 0.12% expense ratio.

Dividends

OP6E.DE vs. OP7E.DE - Dividend Comparison

Neither OP6E.DE nor OP7E.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OP6E.DE and OP7E.DE in my portfolio?

OP6E.DE and OP7E.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OP6E.DE or OP7E.DE?

On fees, OP7E.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OP6E.DE or OP7E.DE?

OP7E.DE is cheaper with a 0.12% expense ratio, compared with 0.29% for OP6E.DE.

What is the main difference between OP6E.DE and OP7E.DE?

OP6E.DE is categorized as Asia Pacific Equities, while OP7E.DE is Large Cap Blend Equities. OP6E.DE tracks Bloomberg PAB APAC DM ex-Japan Large & Mid Cap, while OP7E.DE tracks Bloomberg PAB US Large & Mid Cap. Their fees differ too: 0.29% for OP6E.DE and 0.12% for OP7E.DE.