OP6E.DE vs. PRAJ.DE
OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) and PRAJ.DE (Amundi Prime Japan 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 PRAJ.DE is a Japan Equities fund tracking the Solactive GBS Japan Large & Mid Cap. Both are passively managed. Over the past 3 years, OP6E.DE returned 11.76%/yr vs 17.04%/yr for PRAJ.DE. At a 0.49 correlation, their price movements are largely independent. OP6E.DE charges 0.29%/yr vs 0.05%/yr for PRAJ.DE.
Performance
OP6E.DE vs. PRAJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OP6E.DE achieves a 10.68% return, which is significantly lower than PRAJ.DE's 17.38% return.
OP6E.DE
- 1D
- 0.00%
- 1M
- 4.74%
- 6M
- 7.84%
- YTD
- 10.68%
- 1Y
- 15.24%
- 3Y*
- 11.76%
- 5Y*
- —
- 10Y*
- —
PRAJ.DE
- 1D
- -0.82%
- 1M
- 0.28%
- 6M
- 10.18%
- YTD
- 17.38%
- 1Y
- 37.13%
- 3Y*
- 17.04%
- 5Y*
- 10.16%
- 10Y*
- —
OP6E.DE vs. PRAJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OP6E.DE Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) | 10.68% | 6.39% | 15.17% | 0.41% | -0.63% |
PRAJ.DE Amundi Prime Japan UCITS ETF | 17.38% | 12.81% | 13.75% | 16.27% | -1.85% |
Correlation
The correlation between OP6E.DE and PRAJ.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2022 | 0.49 |
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Return for Risk
OP6E.DE vs. PRAJ.DE — Risk / Return Rank
OP6E.DE
PRAJ.DE
OP6E.DE vs. PRAJ.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 Prime Japan UCITS ETF (PRAJ.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 | PRAJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.36 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 3.80 | -1.54 |
| Martin ratioReturn relative to average drawdown | 5.52 | 12.33 | -6.81 |
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Drawdowns
OP6E.DE vs. PRAJ.DE - Drawdown Comparison
The maximum OP6E.DE drawdown since its inception was -18.34%, smaller than the maximum PRAJ.DE drawdown of -99.42%. Use the drawdown chart below to compare losses from any high point for OP6E.DE and PRAJ.DE.
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Drawdown Indicators
| OP6E.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.34% | -99.42% | +81.08% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -9.72% | +3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -16.82% | -1.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.65% | — |
Current DrawdownCurrent decline from peak | 0.00% | -98.56% | +98.56% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -98.79% | +94.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 3.00% | -0.25% |
Volatility
OP6E.DE vs. PRAJ.DE - Volatility Comparison
The current volatility for Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) is 2.14%, while Amundi Prime Japan UCITS ETF (PRAJ.DE) has a volatility of 5.81%. This indicates that OP6E.DE experiences smaller price fluctuations and is considered to be less risky than PRAJ.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 | PRAJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 5.81% | -3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 8.75% | 15.50% | -6.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 19.22% | -7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.50% | 16.70% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.50% | 42.69% | -28.19% |
OP6E.DE vs. PRAJ.DE - Expense Ratio Comparison
OP6E.DE has a 0.29% expense ratio, which is higher than PRAJ.DE's 0.05% expense ratio.
Dividends
OP6E.DE vs. PRAJ.DE - Dividend Comparison
Neither OP6E.DE nor PRAJ.DE has paid dividends to shareholders.
Frequently Asked Questions
OP6E.DE and PRAJ.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAJ.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAJ.DE is cheaper with a 0.05% expense ratio, compared with 0.29% for OP6E.DE.
OP6E.DE is categorized as Asia Pacific Equities, while PRAJ.DE is Japan Equities. OP6E.DE tracks Bloomberg PAB APAC DM ex-Japan Large & Mid Cap, while PRAJ.DE tracks Solactive GBS Japan Large & Mid Cap. They also come from different issuers: Natixis and Amundi. Their fees differ too: 0.29% for OP6E.DE and 0.05% for PRAJ.DE.
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