OP6E.DE vs. WTDX.DE
OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) and WTDX.DE (WisdomTree Japan Equity UCITS ETF USD Hedged) 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 WTDX.DE is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity UCITS Index. Both are passively managed. Over the past 3 years, OP6E.DE returned 11.76%/yr vs 31.74%/yr for WTDX.DE. At a 0.36 correlation, their price movements are largely independent. OP6E.DE charges 0.29%/yr vs 0.48%/yr for WTDX.DE.
Performance
OP6E.DE vs. WTDX.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 WTDX.DE's 25.20% return.
OP6E.DE
- 1D
- 0.00%
- 1M
- 4.74%
- 6M
- 7.84%
- YTD
- 10.68%
- 1Y
- 15.24%
- 3Y*
- 11.76%
- 5Y*
- —
- 10Y*
- —
WTDX.DE
- 1D
- -0.83%
- 1M
- 2.17%
- 6M
- 15.21%
- YTD
- 25.20%
- 1Y
- 59.70%
- 3Y*
- 31.74%
- 5Y*
- 27.82%
- 10Y*
- 18.04%
OP6E.DE vs. WTDX.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% |
WTDX.DE WisdomTree Japan Equity UCITS ETF USD Hedged | 25.20% | 17.86% | 36.79% | 37.12% | -2.22% |
Correlation
The correlation between OP6E.DE and WTDX.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2022 | 0.36 |
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Return for Risk
OP6E.DE vs. WTDX.DE — Risk / Return Rank
OP6E.DE
WTDX.DE
OP6E.DE vs. WTDX.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 WisdomTree Japan Equity UCITS ETF USD Hedged (WTDX.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 | WTDX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.53 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 7.34 | -5.08 |
| Martin ratioReturn relative to average drawdown | 5.52 | 24.46 | -18.93 |
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Drawdowns
OP6E.DE vs. WTDX.DE - Drawdown Comparison
The maximum OP6E.DE drawdown since its inception was -18.34%, smaller than the maximum WTDX.DE drawdown of -38.23%. Use the drawdown chart below to compare losses from any high point for OP6E.DE and WTDX.DE.
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Drawdown Indicators
| OP6E.DE | WTDX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.34% | -38.23% | +19.89% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -8.09% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -23.65% | +5.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.53% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.53% | +2.53% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -9.16% | +4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.43% | +0.32% |
Volatility
OP6E.DE vs. WTDX.DE - Volatility Comparison
The current volatility for Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) is 2.14%, while WisdomTree Japan Equity UCITS ETF USD Hedged (WTDX.DE) has a volatility of 5.75%. This indicates that OP6E.DE experiences smaller price fluctuations and is considered to be less risky than WTDX.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 | WTDX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 5.75% | -3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 8.75% | 14.71% | -5.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 19.81% | -8.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.50% | 19.43% | -4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.50% | 21.52% | -7.02% |
OP6E.DE vs. WTDX.DE - Expense Ratio Comparison
OP6E.DE has a 0.29% expense ratio, which is lower than WTDX.DE's 0.48% expense ratio.
Dividends
OP6E.DE vs. WTDX.DE - Dividend Comparison
OP6E.DE has not paid dividends to shareholders, while WTDX.DE's dividend yield for the trailing twelve months is around 0.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OP6E.DE Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTDX.DE WisdomTree Japan Equity UCITS ETF USD Hedged | 0.81% | 1.68% | 1.52% | 1.97% | 2.28% | 1.52% | 2.10% | 2.01% | 2.17% | 1.14% | 1.90% | 0.06% |
Frequently Asked Questions
OP6E.DE and WTDX.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OP6E.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OP6E.DE is cheaper with a 0.29% expense ratio, compared with 0.48% for WTDX.DE.
OP6E.DE is categorized as Asia Pacific Equities, while WTDX.DE is Japan Equities. OP6E.DE tracks Bloomberg PAB APAC DM ex-Japan Large & Mid Cap, while WTDX.DE tracks WisdomTree Japan Hedged Equity UCITS Index. They also come from different issuers: Natixis and WisdomTree. Their fees differ too: 0.29% for OP6E.DE and 0.48% for WTDX.DE.
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