X014.DE vs. OP6E.DE
X014.DE (Amundi MSCI Pacific ESG Climate Net Zero Ambition CTB UCITS ETF Dist) and OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) are both Asia Pacific Equities funds - X014.DE tracks the MSCI Pacific ESG Broad CTB Select while OP6E.DE tracks the Bloomberg PAB APAC DM ex-Japan Large & Mid Cap. Both are passively managed. Over the past 3 years, X014.DE returned 14.07%/yr vs 10.78%/yr for OP6E.DE. A 0.66 correlation means they provide meaningful diversification when combined. X014.DE charges 0.45%/yr vs 0.29%/yr for OP6E.DE.
Performance
X014.DE vs. OP6E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X014.DE achieves a 17.09% return, which is significantly higher than OP6E.DE's 6.79% return.
X014.DE
- 1D
- 0.62%
- 1M
- 4.13%
- YTD
- 17.09%
- 6M
- 17.23%
- 1Y
- 30.14%
- 3Y*
- 14.07%
- 5Y*
- 7.97%
- 10Y*
- 8.45%
OP6E.DE
- 1D
- 0.00%
- 1M
- 1.79%
- YTD
- 6.79%
- 6M
- 6.75%
- 1Y
- 10.31%
- 3Y*
- 10.78%
- 5Y*
- —
- 10Y*
- —
X014.DE vs. OP6E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
X014.DE Amundi MSCI Pacific ESG Climate Net Zero Ambition CTB UCITS ETF Dist | 17.09% | 9.40% | 11.53% | 8.83% | -1.47% |
OP6E.DE Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) | 6.79% | 6.39% | 15.17% | 0.41% | -0.63% |
Correlation
The correlation between X014.DE and OP6E.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2022 | 0.66 |
The correlation between X014.DE and OP6E.DE has been stable across timeframes, ranging from 0.60 to 0.66 - a consistent structural relationship.
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Return for Risk
X014.DE vs. OP6E.DE — Risk / Return Rank
X014.DE
OP6E.DE
X014.DE vs. OP6E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Pacific ESG Climate Net Zero Ambition CTB UCITS ETF Dist (X014.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.
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.
| X014.DE | OP6E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.16 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 1.53 | +1.34 |
| Martin ratioReturn relative to average drawdown | 9.61 | 3.78 | +5.83 |
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Drawdowns
X014.DE vs. OP6E.DE - Drawdown Comparison
The maximum X014.DE drawdown since its inception was -40.49%, 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 X014.DE and OP6E.DE.
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Drawdown Indicators
| X014.DE | OP6E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.49% | -18.34% | -22.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -6.72% | -3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -17.94% | -18.34% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -17.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.05% | — | — |
Current DrawdownCurrent decline from peak | -1.93% | -2.32% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -12.28% | -4.75% | -7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.72% | +0.41% |
Volatility
X014.DE vs. OP6E.DE - Volatility Comparison
Amundi MSCI Pacific ESG Climate Net Zero Ambition CTB UCITS ETF Dist (X014.DE) has a higher volatility of 5.31% compared to Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) at 3.27%. This indicates that X014.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
| X014.DE | OP6E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 3.27% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 13.46% | 8.84% | +4.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.09% | 11.68% | +6.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.56% | 14.57% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.66% | 14.57% | +1.09% |
X014.DE vs. OP6E.DE - Expense Ratio Comparison
X014.DE has a 0.45% expense ratio, which is higher than OP6E.DE's 0.29% expense ratio.
Dividends
X014.DE vs. OP6E.DE - Dividend Comparison
X014.DE's dividend yield for the trailing twelve months is around 1.57%, while OP6E.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
OP6E.DE Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
X014.DE Amundi MSCI Pacific ESG Climate Net Zero Ambition CTB UCITS ETF Dist | 1.57% | 1.84% | 2.13% | 1.85% | 2.23% | 1.47% | 1.79% | 2.06% | 2.15% |
Frequently Asked Questions
X014.DE and OP6E.DE have a correlation of 0.60, 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 0.45% for X014.DE.
X014.DE tracks MSCI Pacific ESG Broad CTB Select, while OP6E.DE tracks Bloomberg PAB APAC DM ex-Japan Large & Mid Cap. They also come from different issuers: Amundi and Natixis. Their fees differ too: 0.45% for X014.DE and 0.29% for OP6E.DE.
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