PAC.DE vs. OP6E.DE
PAC.DE (BNP Paribas Easy MSCI Pacific ex Japan ESG Filtered Min TE UCITS ETF) and OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) are both Asia Pacific Equities funds - PAC.DE tracks the MSCI Pacific ex Japan ESG Filtered Min TE while OP6E.DE tracks the Bloomberg PAB APAC DM ex-Japan Large & Mid Cap. Both are passively managed. Over the past 3 years, PAC.DE returned 9.63%/yr vs 8.96%/yr for OP6E.DE. Their correlation of 0.93 suggests significant overlap in exposure. PAC.DE charges 0.16%/yr vs 0.29%/yr for OP6E.DE.
Performance
PAC.DE vs. OP6E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PAC.DE achieves a 8.00% return, which is significantly higher than OP6E.DE's 4.48% return.
PAC.DE
- 1D
- -0.85%
- 1M
- -0.06%
- YTD
- 8.00%
- 6M
- 9.57%
- 1Y
- 12.71%
- 3Y*
- 9.63%
- 5Y*
- 5.97%
- 10Y*
- —
OP6E.DE
- 1D
- -0.61%
- 1M
- -1.08%
- YTD
- 4.48%
- 6M
- 5.87%
- 1Y
- 7.60%
- 3Y*
- 8.96%
- 5Y*
- —
- 10Y*
- —
PAC.DE vs. OP6E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PAC.DE BNP Paribas Easy MSCI Pacific ex Japan ESG Filtered Min TE UCITS ETF | 8.00% | 6.73% | 12.07% | 2.38% | -4.50% |
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 PAC.DE and OP6E.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.93 |
The correlation between PAC.DE and OP6E.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
PAC.DE vs. OP6E.DE — Risk / Return Rank
PAC.DE
OP6E.DE
PAC.DE vs. OP6E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI Pacific ex Japan ESG Filtered Min TE UCITS ETF (PAC.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.
| PAC.DE | OP6E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.12 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.13 | +0.87 |
| Martin ratioReturn relative to average drawdown | 5.65 | 2.95 | +2.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PAC.DE | OP6E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 0.66 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.36 | +0.07 |
Drawdowns
PAC.DE vs. OP6E.DE - Drawdown Comparison
The maximum PAC.DE drawdown since its inception was -36.90%, 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 PAC.DE and OP6E.DE.
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Drawdown Indicators
| PAC.DE | OP6E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.90% | -18.34% | -18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.33% | -6.72% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -20.21% | -18.34% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -20.21% | — | — |
Current DrawdownCurrent decline from peak | -2.33% | -4.43% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -4.86% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.57% | -0.32% |
Volatility
PAC.DE vs. OP6E.DE - Volatility Comparison
BNP Paribas Easy MSCI Pacific ex Japan ESG Filtered Min TE UCITS ETF (PAC.DE) has a higher volatility of 3.19% compared to Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) at 2.87%. This indicates that PAC.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.
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Volatility by Period
| PAC.DE | OP6E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 2.87% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 8.56% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 11.49% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.54% | 14.75% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 14.75% | +1.77% |
PAC.DE vs. OP6E.DE - Expense Ratio Comparison
PAC.DE has a 0.16% expense ratio, which is lower than OP6E.DE's 0.29% expense ratio.
Dividends
PAC.DE vs. OP6E.DE - Dividend Comparison
Neither PAC.DE nor OP6E.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, PAC.DE and OP6E.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, PAC.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PAC.DE is cheaper with a 0.16% expense ratio, compared with 0.29% for OP6E.DE.
PAC.DE tracks MSCI Pacific ex Japan ESG Filtered Min TE, while OP6E.DE tracks Bloomberg PAB APAC DM ex-Japan Large & Mid Cap. They also come from different issuers: BNP Paribas and Natixis. Their fees differ too: 0.16% for PAC.DE and 0.29% for OP6E.DE.
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