OP6E.DE vs. XCS3.DE
OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) and XCS3.DE (Xtrackers MSCI Malaysia UCITS ETF (Acc)) are both Asia Pacific Equities funds - OP6E.DE tracks the Bloomberg PAB APAC DM ex-Japan Large & Mid Cap while XCS3.DE tracks the MSCI Malaysia Index. Both are passively managed. Over the past 3 years, OP6E.DE returned 11.76%/yr vs 13.41%/yr for XCS3.DE. At a 0.37 correlation, their price movements are largely independent. OP6E.DE charges 0.29%/yr vs 0.50%/yr for XCS3.DE.
Performance
OP6E.DE vs. XCS3.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 higher than XCS3.DE's 6.71% return.
OP6E.DE
- 1D
- 0.00%
- 1M
- 4.74%
- 6M
- 7.84%
- YTD
- 10.68%
- 1Y
- 15.24%
- 3Y*
- 11.76%
- 5Y*
- —
- 10Y*
- —
XCS3.DE
- 1D
- -0.39%
- 1M
- 1.35%
- 6M
- 2.09%
- YTD
- 6.71%
- 1Y
- 25.44%
- 3Y*
- 13.41%
- 5Y*
- 6.81%
- 10Y*
- 1.85%
OP6E.DE vs. XCS3.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% |
XCS3.DE Xtrackers MSCI Malaysia UCITS ETF (Acc) | 6.71% | 3.11% | 26.75% | -7.60% | 2.92% |
Correlation
The correlation between OP6E.DE and XCS3.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2022 | 0.37 |
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Return for Risk
OP6E.DE vs. XCS3.DE — Risk / Return Rank
OP6E.DE
XCS3.DE
OP6E.DE vs. XCS3.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 Xtrackers MSCI Malaysia UCITS ETF (Acc) (XCS3.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 | XCS3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 3.22 | -0.97 |
| Martin ratioReturn relative to average drawdown | 5.52 | 8.69 | -3.17 |
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Drawdowns
OP6E.DE vs. XCS3.DE - Drawdown Comparison
The maximum OP6E.DE drawdown since its inception was -18.34%, smaller than the maximum XCS3.DE drawdown of -43.32%. Use the drawdown chart below to compare losses from any high point for OP6E.DE and XCS3.DE.
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Drawdown Indicators
| OP6E.DE | XCS3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.34% | -43.32% | +24.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -7.85% | +1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -21.83% | +3.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.49% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.93% | +3.93% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -17.42% | +12.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.92% | -0.17% |
Volatility
OP6E.DE vs. XCS3.DE - Volatility Comparison
The current volatility for Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) is 2.14%, while Xtrackers MSCI Malaysia UCITS ETF (Acc) (XCS3.DE) has a volatility of 3.80%. This indicates that OP6E.DE experiences smaller price fluctuations and is considered to be less risky than XCS3.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 | XCS3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 3.80% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 8.75% | 10.88% | -2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 14.01% | -2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.50% | 13.14% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.50% | 15.01% | -0.51% |
OP6E.DE vs. XCS3.DE - Expense Ratio Comparison
OP6E.DE has a 0.29% expense ratio, which is lower than XCS3.DE's 0.50% expense ratio.
Dividends
OP6E.DE vs. XCS3.DE - Dividend Comparison
Neither OP6E.DE nor XCS3.DE has paid dividends to shareholders.
Frequently Asked Questions
OP6E.DE and XCS3.DE have a correlation of 0.41, 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 0.50% for XCS3.DE.
OP6E.DE tracks Bloomberg PAB APAC DM ex-Japan Large & Mid Cap, while XCS3.DE tracks MSCI Malaysia Index. They also come from different issuers: Natixis and Xtrackers. Their fees differ too: 0.29% for OP6E.DE and 0.50% for XCS3.DE.
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