SPYA.DE vs. OP6E.DE
SPYA.DE (SPDR MSCI EM Asia UCITS ETF) and OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) are both Asia Pacific Equities funds - SPYA.DE tracks the MSCI Emerging Markets Asia while OP6E.DE tracks the Bloomberg PAB APAC DM ex-Japan Large & Mid Cap. Both are passively managed. Over the past 3 years, SPYA.DE returned 22.22%/yr vs 8.96%/yr for OP6E.DE. A 0.64 correlation means they provide meaningful diversification when combined. SPYA.DE charges 0.55%/yr vs 0.29%/yr for OP6E.DE.
Performance
SPYA.DE vs. OP6E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYA.DE achieves a 32.76% return, which is significantly higher than OP6E.DE's 4.48% return.
SPYA.DE
- 1D
- -1.79%
- 1M
- 7.19%
- YTD
- 32.76%
- 6M
- 34.22%
- 1Y
- 53.92%
- 3Y*
- 22.22%
- 5Y*
- 8.39%
- 10Y*
- 10.77%
OP6E.DE
- 1D
- -0.61%
- 1M
- -1.08%
- YTD
- 4.48%
- 6M
- 5.87%
- 1Y
- 7.60%
- 3Y*
- 8.96%
- 5Y*
- —
- 10Y*
- —
SPYA.DE vs. OP6E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPYA.DE SPDR MSCI EM Asia UCITS ETF | 32.76% | 17.77% | 17.39% | 3.14% | -9.72% |
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 SPYA.DE and OP6E.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.64 |
The correlation between SPYA.DE and OP6E.DE shifts across timeframes, from 0.52 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYA.DE vs. OP6E.DE — Risk / Return Rank
SPYA.DE
OP6E.DE
SPYA.DE vs. OP6E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI EM Asia UCITS ETF (SPYA.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.
| SPYA.DE | OP6E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.14 | ||
| Sortino ratioReturn per unit of downside risk | +2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.12 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 4.82 | 1.13 | +3.70 |
| Martin ratioReturn relative to average drawdown | 16.86 | 2.95 | +13.91 |
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
| SPYA.DE | OP6E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | 0.66 | +2.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.36 | +0.09 |
Drawdowns
SPYA.DE vs. OP6E.DE - Drawdown Comparison
The maximum SPYA.DE drawdown since its inception was -35.34%, 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 SPYA.DE and OP6E.DE.
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Drawdown Indicators
| SPYA.DE | OP6E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.34% | -18.34% | -17.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -6.72% | -4.41% |
Max Drawdown (3Y)Largest decline over 3 years | -21.39% | -18.34% | -3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.85% | — | — |
Current DrawdownCurrent decline from peak | -2.98% | -4.43% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -10.94% | -4.86% | -6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 2.57% | +0.62% |
Volatility
SPYA.DE vs. OP6E.DE - Volatility Comparison
SPDR MSCI EM Asia UCITS ETF (SPYA.DE) has a higher volatility of 8.10% compared to Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) at 2.87%. This indicates that SPYA.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
| SPYA.DE | OP6E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.10% | 2.87% | +5.23% |
Volatility (6M)Calculated over the trailing 6-month period | 16.09% | 8.56% | +7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.17% | 11.49% | +7.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 14.75% | +3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.19% | 14.75% | +4.44% |
SPYA.DE vs. OP6E.DE - Expense Ratio Comparison
SPYA.DE has a 0.55% expense ratio, which is higher than OP6E.DE's 0.29% expense ratio.
Dividends
SPYA.DE vs. OP6E.DE - Dividend Comparison
Neither SPYA.DE nor OP6E.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYA.DE and OP6E.DE have a correlation of 0.52, 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 0.55% for SPYA.DE.
SPYA.DE tracks MSCI Emerging Markets Asia, while OP6E.DE tracks Bloomberg PAB APAC DM ex-Japan Large & Mid Cap. They also come from different issuers: State Street and Natixis. Their fees differ too: 0.55% for SPYA.DE and 0.29% for OP6E.DE.
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