10AJ.DE vs. ESAD.DE

Last updated Jun 5, 2026

10AJ.DE (Amundi Index FTSE EPRA NAREIT Global UCITS ETF EUR Dist) and ESAD.DE (BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation) are both REIT funds - 10AJ.DE tracks the FTSE EPRA/NAREIT Developed while ESAD.DE tracks the FTSE EPRA Nareit Developed Green EU CTB. Both are passively managed. Over the past 3 years, 10AJ.DE returned 5.94%/yr vs 4.85%/yr for ESAD.DE. Their correlation of 0.93 suggests significant overlap in exposure. 10AJ.DE charges 0.24%/yr vs 0.41%/yr for ESAD.DE.

Performance

10AJ.DE vs. ESAD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Index FTSE EPRA NAREIT Global UCITS ETF EUR Dist (10AJ.DE) and BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with 10AJ.DE having a 7.96% return and ESAD.DE slightly lower at 7.67%.

10AJ.DE

• 1D: -0.04%
• 1M: -2.40%
• YTD: 7.96%
• 6M: 7.43%
• 1Y: 9.54%
• 3Y*: 5.94%
• 5Y*: 1.87%
• 10Y*: —

ESAD.DE

• 1D: 0.00%
• 1M: -2.16%
• YTD: 7.67%
• 6M: 7.12%
• 1Y: 7.64%
• 3Y*: 4.85%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

10AJ.DE vs. ESAD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
10AJ.DE Amundi Index FTSE EPRA NAREIT Global UCITS ETF EUR Dist	7.96%	-1.85%	5.52%	6.85%	-17.34%
ESAD.DE BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation	7.67%	-3.81%	3.54%	7.64%	-19.66%

Correlation

The correlation between 10AJ.DE and ESAD.DE is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022	0.93

The correlation between 10AJ.DE and ESAD.DE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

10AJ.DE vs. ESAD.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

10AJ.DE

10AJ.DE Risk / Return Rank: 25
10AJ.DE Sharpe Ratio Rank: 25
10AJ.DE Sortino Ratio Rank: 24
10AJ.DE Omega Ratio Rank: 24
10AJ.DE Calmar Ratio Rank: 26
10AJ.DE Martin Ratio Rank: 28

ESAD.DE

ESAD.DE Risk / Return Rank: 20
ESAD.DE Sharpe Ratio Rank: 20
ESAD.DE Sortino Ratio Rank: 19
ESAD.DE Omega Ratio Rank: 18
ESAD.DE Calmar Ratio Rank: 20
ESAD.DE Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

10AJ.DE vs. ESAD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Index FTSE EPRA NAREIT Global UCITS ETF EUR Dist (10AJ.DE) and BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.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.

	10AJ.DE	ESAD.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.85	0.63	+0.22
Sortino ratio: Return per unit of downside risk	1.23	0.96	+0.27
Omega ratio: Gain probability vs. loss probability	1.15	1.12	+0.04
Calmar ratio: Return relative to maximum drawdown	1.20	0.90	+0.31
Martin ratio: Return relative to average drawdown	3.94	2.70	+1.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

10AJ.DE vs. ESAD.DE - Sharpe Ratio Comparison

The current 10AJ.DE Sharpe Ratio is 0.85, which is higher than the ESAD.DE Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of 10AJ.DE and ESAD.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	10AJ.DE	ESAD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	0.63	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	-0.12	+0.34

Drawdowns

10AJ.DE vs. ESAD.DE - Drawdown Comparison

The maximum 10AJ.DE drawdown since its inception was -42.62%, which is greater than ESAD.DE's maximum drawdown of -30.37%. Use the drawdown chart below to compare losses from any high point for 10AJ.DE and ESAD.DE.

Drawdown Indicators

	10AJ.DE	ESAD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-42.62%	-30.37%	-12.25%
Max Drawdown (1Y) Largest decline over 1 year	-7.89%	-8.26%	+0.37%
Max Drawdown (3Y) Largest decline over 3 years	-20.52%	-17.22%	-3.30%
Max Drawdown (5Y) Largest decline over 5 years	-30.01%	—	—
Current Drawdown Current decline from peak	-6.63%	-11.52%	+4.89%
Average Drawdown Average peak-to-trough decline	-12.13%	-17.56%	+5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	2.75%	-0.34%

Volatility

10AJ.DE vs. ESAD.DE - Volatility Comparison

The current volatility for Amundi Index FTSE EPRA NAREIT Global UCITS ETF EUR Dist (10AJ.DE) is 2.70%, while BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.DE) has a volatility of 2.98%. This indicates that 10AJ.DE experiences smaller price fluctuations and is considered to be less risky than ESAD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	10AJ.DE	ESAD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	2.98%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	8.38%	9.07%	-0.69%
Volatility (1Y) Calculated over the trailing 1-year period	11.14%	11.74%	-0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.60%	14.78%	-0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.10%	14.78%	+2.32%

10AJ.DE vs. ESAD.DE - Expense Ratio Comparison

10AJ.DE has a 0.24% expense ratio, which is lower than ESAD.DE's 0.41% expense ratio.

Dividends

10AJ.DE vs. ESAD.DE - Dividend Comparison

10AJ.DE's dividend yield for the trailing twelve months is around 2.77%, while ESAD.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
10AJ.DE Amundi Index FTSE EPRA NAREIT Global UCITS ETF EUR Dist	2.77%	2.99%	2.94%	2.98%	3.23%	2.13%	3.10%	2.92%	2.63%
ESAD.DE BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both 10AJ.DE and ESAD.DE in my portfolio?

With a correlation of 0.93, 10AJ.DE and ESAD.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.

Which ETF is better, 10AJ.DE or ESAD.DE?

On fees, 10AJ.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 10AJ.DE or ESAD.DE?

10AJ.DE is cheaper with a 0.24% expense ratio, compared with 0.41% for ESAD.DE.

What is the main difference between 10AJ.DE and ESAD.DE?

10AJ.DE tracks FTSE EPRA/NAREIT Developed, while ESAD.DE tracks FTSE EPRA Nareit Developed Green EU CTB. They also come from different issuers: Amundi and BNP Paribas. Their fees differ too: 0.24% for 10AJ.DE and 0.41% for ESAD.DE.