XCS4.DE vs. OP6E.DE
XCS4.DE (Xtrackers MSCI Thailand UCITS ETF 1C) and OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) are both Asia Pacific Equities funds - XCS4.DE tracks the MSCI Thailand while OP6E.DE tracks the Bloomberg PAB APAC DM ex-Japan Large & Mid Cap. Both are passively managed. Over the past 3 years, XCS4.DE returned 7.20%/yr vs 8.96%/yr for OP6E.DE. At a 0.41 correlation, their price movements are largely independent. XCS4.DE charges 0.50%/yr vs 0.29%/yr for OP6E.DE.
Performance
XCS4.DE vs. OP6E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XCS4.DE achieves a 29.46% return, which is significantly higher than OP6E.DE's 4.48% return.
XCS4.DE
- 1D
- 0.72%
- 1M
- 5.08%
- YTD
- 29.46%
- 6M
- 30.06%
- 1Y
- 51.12%
- 3Y*
- 7.20%
- 5Y*
- 5.01%
- 10Y*
- 4.54%
OP6E.DE
- 1D
- -0.61%
- 1M
- -3.04%
- YTD
- 4.48%
- 6M
- 5.94%
- 1Y
- 7.51%
- 3Y*
- 8.96%
- 5Y*
- —
- 10Y*
- —
XCS4.DE vs. OP6E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XCS4.DE Xtrackers MSCI Thailand UCITS ETF 1C | 29.46% | -3.83% | 7.49% | -15.52% | 3.29% |
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 XCS4.DE and OP6E.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.41 |
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Return for Risk
XCS4.DE vs. OP6E.DE — Risk / Return Rank
XCS4.DE
OP6E.DE
XCS4.DE vs. OP6E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Thailand UCITS ETF 1C (XCS4.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.
| XCS4.DE | OP6E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.12 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.91 | 1.13 | +3.78 |
| Martin ratioReturn relative to average drawdown | 14.58 | 2.95 | +11.62 |
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
| XCS4.DE | OP6E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.35 | 0.66 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.36 | -0.12 |
Drawdowns
XCS4.DE vs. OP6E.DE - Drawdown Comparison
The maximum XCS4.DE drawdown since its inception was -45.06%, 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 XCS4.DE and OP6E.DE.
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Drawdown Indicators
| XCS4.DE | OP6E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.06% | -18.34% | -26.72% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -6.72% | -3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -29.85% | -18.34% | -11.51% |
Max Drawdown (5Y)Largest decline over 5 years | -34.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.06% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -4.43% | +4.27% |
Average DrawdownAverage peak-to-trough decline | -15.35% | -4.86% | -10.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 2.57% | +0.93% |
Volatility
XCS4.DE vs. OP6E.DE - Volatility Comparison
Xtrackers MSCI Thailand UCITS ETF 1C (XCS4.DE) has a higher volatility of 5.83% compared to Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) at 2.87%. This indicates that XCS4.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
| XCS4.DE | OP6E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 2.87% | +2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 16.61% | 8.56% | +8.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.68% | 11.49% | +10.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.74% | 14.75% | +2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.70% | 14.75% | +4.95% |
XCS4.DE vs. OP6E.DE - Expense Ratio Comparison
XCS4.DE has a 0.50% expense ratio, which is higher than OP6E.DE's 0.29% expense ratio.
Dividends
XCS4.DE vs. OP6E.DE - Dividend Comparison
Neither XCS4.DE nor OP6E.DE has paid dividends to shareholders.
Frequently Asked Questions
XCS4.DE and OP6E.DE have a correlation of 0.45, 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 0.50% for XCS4.DE.
XCS4.DE tracks MSCI Thailand, while OP6E.DE tracks Bloomberg PAB APAC DM ex-Japan Large & Mid Cap. They also come from different issuers: Xtrackers and Natixis. Their fees differ too: 0.50% for XCS4.DE and 0.29% for OP6E.DE.
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