- Issuer
- Expat
- Inception Date
- Jan 4, 2018
- Region
- Europe (Serbia)
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- BELEX15 Index
- Domicile
- Bulgaria
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
ESNB.DE Performance Chart
Expat Serbia BELEX15 UCITS ETF (ESNB.DE) is down 7.2% since the beginning of the year. ESNB.DE is currently trading at €1 per share. Investors who bought €1,000 worth of ESNB.DE shares 5 years ago would now be looking at an investment worth €910.
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Returns By Period
Expat Serbia BELEX15 UCITS ETF (ESNB.DE) has returned -7.20% so far this year and -5.98% over the past 12 months.
Expat Serbia BELEX15 UCITS ETF
- 1D
- -0.13%
- 1M
- -0.70%
- 6M
- -5.93%
- YTD
- -7.20%
- 1Y
- -5.98%
- 3Y*
- -1.71%
- 5Y*
- -1.86%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.09%
- 1M
- 1.27%
- 6M
- 10.98%
- YTD
- 13.27%
- 1Y
- 22.64%
- 3Y*
- 18.04%
- 5Y*
- 12.49%
- 10Y*
- 12.92%
ESNB.DE Monthly Returns History
Based on dividend-adjusted daily data since Apr 16, 2018, ESNB.DE's average daily return is 0.00%, while the average monthly return is -0.09%.
Historically, 45% of months were positive and 55% were negative. The best month was May 2019 with a return of +12.5%, while the worst month was Jan 2019 at -9.0%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ESNB.DE closed higher 44% of trading days. The best single day was May 14, 2019 with a return of +14.2%, while the worst single day was Jan 3, 2019 at -8.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.73% | -3.78% | -0.12% | -1.12% | -0.10% | -1.90% | 0.38% | -7.20% | |||||
| 2025 | -2.33% | -1.06% | 0.95% | 0.42% | -1.20% | 1.74% | 1.03% | -1.54% | 0.94% | 3.18% | -2.87% | 1.74% | 0.82% |
| 2024 | -0.98% | -0.34% | 1.42% | 3.37% | -0.79% | -0.94% | -0.31% | 1.38% | -0.47% | 1.54% | -2.36% | -0.61% | 0.78% |
| 2023 | 1.20% | 1.48% | -0.51% | 2.33% | 0.92% | -3.08% | -0.81% | 3.74% | -0.77% | -1.40% | -0.22% | 0.16% | 2.90% |
| 2022 | 1.83% | -0.09% | -1.62% | 0.37% | -0.31% | -4.25% | -4.29% | -1.73% | -0.50% | -1.21% | 1.98% | 1.00% | -8.70% |
| 2021 | 0.76% | 1.51% | -0.65% | 0.18% | 1.35% | 0.61% | -0.74% | -0.24% | -0.30% | 0.16% | 1.69% | 1.31% | 5.74% |
Benchmark Metrics
Expat Serbia BELEX15 UCITS ETF has an annualized alpha of -0.99%, beta of 0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since April 16, 2018.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -4.56%), but participation in market rallies was also limited (-5.41%) - a profile typical of counter-cyclical assets.
- Beta of 0.02 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.99%
- Beta
- 0.02
- R²
- 0.00
- Upside Capture
- -5.41%
- Downside Capture
- -4.56%
Expense Ratio
ESNB.DE has a high expense ratio of 1.38%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ESNB.DE ranks 5 for risk / return — in the bottom 5% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Expat Serbia BELEX15 UCITS ETF (ESNB.DE) and compare them to S&P 500 Index.
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.
| ESNB.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.33 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 3.01 | -3.50 |
| Martin ratioReturn relative to average drawdown | -1.05 | 11.10 | -12.15 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Expat Serbia BELEX15 UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Expat Serbia BELEX15 UCITS ETF was 22.77%, occurring on Feb 20, 2019. Recovery took 732 trading sessions.
The current Expat Serbia BELEX15 UCITS ETF drawdown is 13.87%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-22.77%Feb 2019 | 9mo 4d | 2y 11mo | 3y 8moMay 2018 - Jan 2022 | — |
-15.85%Jul 2026 | 4y 4mo | — | 4y 4moFeb 2022 - now | — |
-1.13%Feb 2022 | 3d | 4d | 7dFeb 2022 - Feb 2022 | Bear market2022 |
-1.02%May 2018 | 0s | 1d | 1dMay 2018 - May 2018 | — |
-0.99%Jan 2022 | 0s | 9d | 9dJan 2022 - Feb 2022 | Bear market2022 |
Drawdown Indicators
| ESNB.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.77% | -51.17% | +28.40% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -7.57% | -2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -23.99% | +11.39% |
Max Drawdown (5Y)Largest decline over 5 years | -15.85% | -23.99% | +8.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -13.87% | -0.52% | -13.35% |
Average DrawdownAverage peak-to-trough decline | -8.44% | -8.90% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 2.04% | +2.84% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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