OSX2.DE vs. OP2E.DE

Last updated Jun 5, 2026

OSX2.DE (Ossiam US Minimum Variance ESG UCITS ETF (EUR)) and OP2E.DE (Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR)) are both exchange-traded funds - OSX2.DE is a Large Cap Value Equities fund tracking the US ESG Minimum Variance, while OP2E.DE is a Europe Equities fund tracking the Bloomberg PAB Eurozone DM Large & Mid Cap. Both are passively managed. At a 0.23 correlation, their price movements are largely independent. OSX2.DE charges 0.65%/yr vs 0.17%/yr for OP2E.DE.

Performance

OSX2.DE vs. OP2E.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Ossiam US Minimum Variance ESG UCITS ETF (EUR) (OSX2.DE) and Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR) (OP2E.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

OSX2.DE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OP2E.DE

• 1D: 0.77%
• 1M: 3.64%
• YTD: 6.95%
• 6M: 8.04%
• 1Y: 12.68%
• 3Y*: 11.48%
• 5Y*: —
• 10Y*: —

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

OSX2.DE vs. OP2E.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OSX2.DE Ossiam US Minimum Variance ESG UCITS ETF (EUR)	0.00%	-4.33%	21.73%	-1.44%	-8.95%
OP2E.DE Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR)	6.95%	15.46%	7.37%	19.25%	0.85%

Correlation

The correlation between OSX2.DE and OP2E.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022	0.23

Return for Risk

OSX2.DE vs. OP2E.DE — Risk / Return Rank

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

OP2E.DE

OP2E.DE Risk / Return Rank: 25
OP2E.DE Sharpe Ratio Rank: 25
OP2E.DE Sortino Ratio Rank: 25
OP2E.DE Omega Ratio Rank: 25
OP2E.DE Calmar Ratio Rank: 24
OP2E.DE Martin Ratio Rank: 27

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.

OSX2.DE vs. OP2E.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ossiam US Minimum Variance ESG UCITS ETF (EUR) (OSX2.DE) and Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR) (OP2E.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	OSX2.DE	OP2E.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.86	—

Drawdowns

Drawdown Indicators

	OSX2.DE	OP2E.DE	Difference
Max Drawdown Largest peak-to-trough decline	—	-16.56%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.92%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.56%	—
Current Drawdown Current decline from peak	—	-0.25%	—
Average Drawdown Average peak-to-trough decline	—	-2.85%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.53%	—

Volatility

Volatility by Period

	OSX2.DE	OP2E.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.98%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.18%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.18%	—

OSX2.DE vs. OP2E.DE - Expense Ratio Comparison

OSX2.DE has a 0.65% expense ratio, which is higher than OP2E.DE's 0.17% expense ratio.

Dividends

OSX2.DE vs. OP2E.DE - Dividend Comparison

Neither OSX2.DE nor OP2E.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OSX2.DE and OP2E.DE in my portfolio?

OSX2.DE and OP2E.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OSX2.DE or OP2E.DE?

On fees, OP2E.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OSX2.DE or OP2E.DE?

OP2E.DE is cheaper with a 0.17% expense ratio, compared with 0.65% for OSX2.DE.

What is the main difference between OSX2.DE and OP2E.DE?

OSX2.DE is categorized as Large Cap Value Equities, while OP2E.DE is Europe Equities. OSX2.DE tracks US ESG Minimum Variance, while OP2E.DE tracks Bloomberg PAB Eurozone DM Large & Mid Cap. Their fees differ too: 0.65% for OSX2.DE and 0.17% for OP2E.DE.