OP6E.DE vs. PAC.DE
OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) and PAC.DE (BNP Paribas Easy MSCI Pacific ex Japan ESG Filtered Min TE UCITS ETF) are both Asia Pacific Equities funds - OP6E.DE tracks the Bloomberg PAB APAC DM ex-Japan Large & Mid Cap while PAC.DE tracks the MSCI Pacific ex Japan ESG Filtered Min TE. Both are passively managed. Over the past 3 years, OP6E.DE returned 8.96%/yr vs 9.63%/yr for PAC.DE. Their correlation of 0.93 suggests significant overlap in exposure. OP6E.DE charges 0.29%/yr vs 0.16%/yr for PAC.DE.
Performance
OP6E.DE vs. PAC.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 lower than PAC.DE's 8.00% return.
OP6E.DE
- 1D
- -0.61%
- 1M
- -3.04%
- YTD
- 4.48%
- 6M
- 5.94%
- 1Y
- 7.51%
- 3Y*
- 8.96%
- 5Y*
- —
- 10Y*
- —
PAC.DE
- 1D
- -0.85%
- 1M
- -2.33%
- YTD
- 8.00%
- 6M
- 9.37%
- 1Y
- 12.16%
- 3Y*
- 9.63%
- 5Y*
- 5.97%
- 10Y*
- —
OP6E.DE vs. PAC.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% |
PAC.DE BNP Paribas Easy MSCI Pacific ex Japan ESG Filtered Min TE UCITS ETF | 8.00% | 6.73% | 12.07% | 2.38% | -4.50% |
Correlation
The correlation between OP6E.DE and PAC.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.93 |
The correlation between OP6E.DE and PAC.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
OP6E.DE vs. PAC.DE — Risk / Return Rank
OP6E.DE
PAC.DE
OP6E.DE vs. PAC.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 BNP Paribas Easy MSCI Pacific ex Japan ESG Filtered Min TE UCITS ETF (PAC.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 | PAC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.19 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.00 | -0.87 |
| Martin ratioReturn relative to average drawdown | 2.95 | 5.65 | -2.69 |
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 | PAC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.08 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.43 | -0.07 |
Drawdowns
OP6E.DE vs. PAC.DE - Drawdown Comparison
The maximum OP6E.DE drawdown since its inception was -18.34%, smaller than the maximum PAC.DE drawdown of -36.90%. Use the drawdown chart below to compare losses from any high point for OP6E.DE and PAC.DE.
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Drawdown Indicators
| OP6E.DE | PAC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.34% | -36.90% | +18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -6.33% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -20.21% | +1.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.21% | — |
Current DrawdownCurrent decline from peak | -4.43% | -2.33% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -5.10% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.25% | +0.32% |
Volatility
OP6E.DE vs. PAC.DE - Volatility Comparison
The current volatility for Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) is 2.87%, while BNP Paribas Easy MSCI Pacific ex Japan ESG Filtered Min TE UCITS ETF (PAC.DE) has a volatility of 3.19%. This indicates that OP6E.DE experiences smaller price fluctuations and is considered to be less risky than PAC.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 | PAC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 3.19% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 8.91% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.49% | 11.77% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.75% | 14.54% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 16.52% | -1.77% |
OP6E.DE vs. PAC.DE - Expense Ratio Comparison
OP6E.DE has a 0.29% expense ratio, which is higher than PAC.DE's 0.16% expense ratio.
Dividends
OP6E.DE vs. PAC.DE - Dividend Comparison
Neither OP6E.DE nor PAC.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, OP6E.DE and PAC.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, PAC.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PAC.DE is cheaper with a 0.16% expense ratio, compared with 0.29% for OP6E.DE.
OP6E.DE tracks Bloomberg PAB APAC DM ex-Japan Large & Mid Cap, while PAC.DE tracks MSCI Pacific ex Japan ESG Filtered Min TE. They also come from different issuers: Natixis and BNP Paribas. Their fees differ too: 0.29% for OP6E.DE and 0.16% for PAC.DE.
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