OP7E.DE vs. OP6E.DE

Last updated Jun 5, 2026

OP7E.DE (Ossiam Bloomberg USA PAB UCITS ETF (EUR)) and OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) are both exchange-traded funds - OP7E.DE is a Large Cap Blend Equities fund tracking the Bloomberg PAB US Large & Mid Cap, while OP6E.DE is a Asia Pacific Equities fund tracking the Bloomberg PAB APAC DM ex-Japan Large & Mid Cap. Both are passively managed. Over the past 3 years, OP7E.DE returned 16.14%/yr vs 8.96%/yr for OP6E.DE. A 0.55 correlation means they provide meaningful diversification when combined. OP7E.DE charges 0.12%/yr vs 0.29%/yr for OP6E.DE.

Performance

OP7E.DE vs. OP6E.DE - Performance Comparison

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

Returns By Period

In the year-to-date period, OP7E.DE achieves a 9.44% return, which is significantly higher than OP6E.DE's 4.48% return.

OP7E.DE

• 1D: -0.19%
• 1M: 5.84%
• YTD: 9.44%
• 6M: 8.99%
• 1Y: 18.92%
• 3Y*: 16.14%
• 5Y*: —
• 10Y*: —

OP6E.DE

• 1D: -0.61%
• 1M: -3.04%
• YTD: 4.48%
• 6M: 5.94%
• 1Y: 7.51%
• 3Y*: 8.96%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
OP7E.DE Ossiam Bloomberg USA PAB UCITS ETF (EUR)	9.44%	1.18%	29.02%	22.72%	-14.67%
OP6E.DE Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)	4.48%	6.39%	15.17%	0.41%	-5.27%

Correlation

The correlation between OP7E.DE and OP6E.DE is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022	0.55

The correlation between OP7E.DE and OP6E.DE has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.

Return for Risk

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

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

OP7E.DE

OP7E.DE Risk / Return Rank: 45
OP7E.DE Sharpe Ratio Rank: 46
OP7E.DE Sortino Ratio Rank: 45
OP7E.DE Omega Ratio Rank: 46
OP7E.DE Calmar Ratio Rank: 44
OP7E.DE Martin Ratio Rank: 43

OP6E.DE

OP6E.DE Risk / Return Rank: 22
OP6E.DE Sharpe Ratio Rank: 20
OP6E.DE Sortino Ratio Rank: 21
OP6E.DE Omega Ratio Rank: 19
OP6E.DE Calmar Ratio Rank: 25
OP6E.DE Martin Ratio Rank: 23

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.

OP7E.DE vs. OP6E.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ossiam Bloomberg USA PAB UCITS ETF (EUR) (OP7E.DE) and Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.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.

	OP7E.DE	OP6E.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.56	0.66	+0.90
Sortino ratio: Return per unit of downside risk	2.18	1.07	+1.11
Omega ratio: Gain probability vs. loss probability	1.29	1.12	+0.16
Calmar ratio: Return relative to maximum drawdown	2.11	1.13	+0.99
Martin ratio: Return relative to average drawdown	6.82	2.95	+3.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current OP7E.DE Sharpe Ratio is 1.56, which is higher than the OP6E.DE Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of OP7E.DE and OP6E.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.

Sharpe Ratios by Period

	OP7E.DE	OP6E.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	0.66	+0.90
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.36	+0.40

Drawdowns

OP7E.DE vs. OP6E.DE - Drawdown Comparison

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

Drawdown Indicators

	OP7E.DE	OP6E.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.71%	-18.34%	-5.37%
Max Drawdown (1Y) Largest decline over 1 year	-8.94%	-6.72%	-2.22%
Max Drawdown (3Y) Largest decline over 3 years	-23.71%	-18.34%	-5.37%
Current Drawdown Current decline from peak	-0.50%	-4.43%	+3.93%
Average Drawdown Average peak-to-trough decline	-4.90%	-4.86%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	2.57%	+0.20%

Volatility

OP7E.DE vs. OP6E.DE - Volatility Comparison

Ossiam Bloomberg USA PAB UCITS ETF (EUR) (OP7E.DE) has a higher volatility of 3.07% compared to Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) at 2.87%. This indicates that OP7E.DE's price experiences larger fluctuations and is considered to be riskier than OP6E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OP7E.DE	OP6E.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	2.87%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	8.23%	8.56%	-0.33%
Volatility (1Y) Calculated over the trailing 1-year period	12.11%	11.49%	+0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.78%	14.75%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.78%	14.75%	+0.03%

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

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

Dividends

OP7E.DE vs. OP6E.DE - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

OP7E.DE and OP6E.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.

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

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

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

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