AYEP.DE vs. ESAD.DE
AYEP.DE (iShares Asia Property Yield UCITS ETF USD Acc) and ESAD.DE (BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation) are both REIT funds - AYEP.DE tracks the FTSE EPRA/NAREIT Developed Asia Dividend+ while ESAD.DE tracks the FTSE EPRA Nareit Developed Green EU CTB. Both are passively managed. Over the past 3 years, AYEP.DE returned 0.62%/yr vs 4.85%/yr for ESAD.DE. A 0.57 correlation means they provide meaningful diversification when combined. AYEP.DE charges 0.59%/yr vs 0.41%/yr for ESAD.DE.
Performance
AYEP.DE vs. ESAD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEP.DE achieves a -5.35% return, which is significantly lower than ESAD.DE's 7.67% return.
AYEP.DE
- 1D
- -0.02%
- 1M
- -6.11%
- YTD
- -5.35%
- 6M
- -4.80%
- 1Y
- 4.48%
- 3Y*
- 0.62%
- 5Y*
- -1.21%
- 10Y*
- —
ESAD.DE
- 1D
- 0.00%
- 1M
- -0.65%
- YTD
- 7.67%
- 6M
- 6.84%
- 1Y
- 7.43%
- 3Y*
- 4.85%
- 5Y*
- —
- 10Y*
- —
AYEP.DE vs. ESAD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AYEP.DE iShares Asia Property Yield UCITS ETF USD Acc | -5.35% | 15.89% | -4.24% | -5.46% | -4.63% |
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 AYEP.DE and ESAD.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.57 |
The correlation between AYEP.DE and ESAD.DE has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.
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Return for Risk
AYEP.DE vs. ESAD.DE — Risk / Return Rank
AYEP.DE
ESAD.DE
AYEP.DE vs. ESAD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Asia Property Yield UCITS ETF USD Acc (AYEP.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.
| AYEP.DE | ESAD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.12 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 0.90 | -0.53 |
| Martin ratioReturn relative to average drawdown | 1.10 | 2.70 | -1.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AYEP.DE | ESAD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 0.63 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | -0.12 | +0.13 |
Drawdowns
AYEP.DE vs. ESAD.DE - Drawdown Comparison
The maximum AYEP.DE drawdown since its inception was -38.46%, 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 AYEP.DE and ESAD.DE.
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Drawdown Indicators
| AYEP.DE | ESAD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.46% | -30.37% | -8.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -8.26% | -4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -17.22% | +4.91% |
Max Drawdown (5Y)Largest decline over 5 years | -22.65% | — | — |
Current DrawdownCurrent decline from peak | -16.71% | -11.52% | -5.19% |
Average DrawdownAverage peak-to-trough decline | -15.03% | -17.56% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 2.75% | +1.32% |
Volatility
AYEP.DE vs. ESAD.DE - Volatility Comparison
The current volatility for iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE) is 2.79%, 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 AYEP.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.
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Volatility by Period
| AYEP.DE | ESAD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 2.98% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 8.31% | 9.07% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 11.74% | -0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.71% | 14.78% | -3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 14.78% | +0.65% |
AYEP.DE vs. ESAD.DE - Expense Ratio Comparison
AYEP.DE has a 0.59% expense ratio, which is higher than ESAD.DE's 0.41% expense ratio.
Dividends
AYEP.DE vs. ESAD.DE - Dividend Comparison
Neither AYEP.DE nor ESAD.DE has paid dividends to shareholders.
Frequently Asked Questions
AYEP.DE and ESAD.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESAD.DE is cheaper at 0.41% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESAD.DE is cheaper with a 0.41% expense ratio, compared with 0.59% for AYEP.DE.
AYEP.DE tracks FTSE EPRA/NAREIT Developed Asia Dividend+, while ESAD.DE tracks FTSE EPRA Nareit Developed Green EU CTB. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.59% for AYEP.DE and 0.41% for ESAD.DE.
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