AIL.DE vs. ESAD.DE

Last updated Jun 5, 2026

AIL.DE (Air Liquide SA) is a stock, while ESAD.DE (BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation) is REIT fund tracking the FTSE EPRA Nareit Developed Green EU CTB. Over the past 3 years, AIL.DE returned 10.18%/yr vs 4.85%/yr for ESAD.DE. At a 0.35 correlation, their price movements are largely independent.

Performance

AIL.DE vs. ESAD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Air Liquide SA (AIL.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

In the year-to-date period, AIL.DE achieves a 15.64% return, which is significantly higher than ESAD.DE's 7.67% return.

AIL.DE

• 1D: 1.02%
• 1M: 6.10%
• YTD: 15.64%
• 6M: 13.85%
• 1Y: 1.30%
• 3Y*: 10.18%
• 5Y*: 11.38%
• 10Y*: 13.46%

ESAD.DE

• 1D: 0.00%
• 1M: -1.44%
• YTD: 7.67%
• 6M: 7.12%
• 1Y: 6.98%
• 3Y*: 4.85%
• 5Y*: —
• 10Y*: —

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

AIL.DE vs. ESAD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AIL.DE Air Liquide SA	15.64%	5.45%	-1.53%	34.16%	-0.86%
ESAD.DE BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation	7.67%	-3.81%	3.54%	7.64%	-19.32%

Correlation

The correlation between AIL.DE and ESAD.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022	0.35

The correlation between AIL.DE and ESAD.DE shifts across timeframes, from 0.29 (3 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AIL.DE vs. ESAD.DE — Risk / Return Rank

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

AIL.DE

AIL.DE Risk / Return Rank: 40
AIL.DE Sharpe Ratio Rank: 43
AIL.DE Sortino Ratio Rank: 35
AIL.DE Omega Ratio Rank: 35
AIL.DE Calmar Ratio Rank: 42
AIL.DE Martin Ratio Rank: 42

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.

AIL.DE vs. ESAD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Air Liquide SA (AIL.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.

	AIL.DE	ESAD.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.05	0.63	-0.58
Sortino ratio: Return per unit of downside risk	0.20	0.96	-0.76
Omega ratio: Gain probability vs. loss probability	1.02	1.12	-0.09
Calmar ratio: Return relative to maximum drawdown	0.05	0.90	-0.84
Martin ratio: Return relative to average drawdown	0.10	2.70	-2.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIL.DE vs. ESAD.DE - Sharpe Ratio Comparison

The current AIL.DE Sharpe Ratio is 0.05, which is lower than the ESAD.DE Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of AIL.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

	AIL.DE	ESAD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	0.63	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	-0.12	+0.57

Drawdowns

AIL.DE vs. ESAD.DE - Drawdown Comparison

The maximum AIL.DE drawdown since its inception was -39.86%, 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 AIL.DE and ESAD.DE.

Drawdown Indicators

	AIL.DE	ESAD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-39.86%	-30.37%	-9.49%
Max Drawdown (1Y) Largest decline over 1 year	-15.87%	-8.26%	-7.61%
Max Drawdown (3Y) Largest decline over 3 years	-16.33%	-17.22%	+0.89%
Max Drawdown (5Y) Largest decline over 5 years	-23.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.48%	—	—
Current Drawdown Current decline from peak	-1.48%	-11.52%	+10.04%
Average Drawdown Average peak-to-trough decline	-7.34%	-17.56%	+10.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.99%	2.75%	+5.24%

Volatility

AIL.DE vs. ESAD.DE - Volatility Comparison

Air Liquide SA (AIL.DE) has a higher volatility of 6.63% compared to BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.DE) at 2.98%. This indicates that AIL.DE's price experiences larger fluctuations and is considered to be riskier than ESAD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIL.DE	ESAD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.63%	2.98%	+3.65%
Volatility (6M) Calculated over the trailing 6-month period	14.02%	9.07%	+4.95%
Volatility (1Y) Calculated over the trailing 1-year period	17.42%	11.74%	+5.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.34%	14.78%	+4.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.44%	14.78%	+5.66%

Dividends

AIL.DE vs. ESAD.DE - Dividend Comparison

AIL.DE's dividend yield for the trailing twelve months is around 2.04%, while ESAD.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIL.DE Air Liquide SA	2.04%	2.06%	1.88%	1.67%	1.97%	1.79%	2.00%	1.90%	2.49%	2.24%	2.49%	2.49%
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%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

AIL.DE and ESAD.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.