BJLC.DE vs. EMEC.DE
BJLC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF USD) and EMEC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR) are both Global Equities funds from BNP Paribas tracking the ECPI Circular Economy Leaders Equity. Both are passively managed. Over the past 3 years, BJLC.DE returned 14.35%/yr vs 14.33%/yr for EMEC.DE. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
BJLC.DE vs. EMEC.DE - Performance Comparison
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Different Trading Currencies
BJLC.DE is traded in USD, while EMEC.DE is traded in EUR. To make them comparable, the EMEC.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with BJLC.DE having a 9.66% return and EMEC.DE slightly higher at 9.67%.
BJLC.DE
- 1D
- -0.04%
- 1M
- 4.48%
- YTD
- 9.66%
- 6M
- 10.24%
- 1Y
- 23.30%
- 3Y*
- 14.35%
- 5Y*
- —
- 10Y*
- —
EMEC.DE
- 1D
- -0.12%
- 1M
- 4.47%
- YTD
- 9.67%
- 6M
- 10.24%
- 1Y
- 23.17%
- 3Y*
- 14.33%
- 5Y*
- 8.48%
- 10Y*
- —
BJLC.DE vs. EMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BJLC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF USD | 9.66% | 19.04% | 4.93% | 15.05% |
EMEC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR | 9.67% | 19.57% | 4.52% | 14.95% |
Correlation
The correlation between BJLC.DE and EMEC.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2023 | 0.94 |
The correlation between BJLC.DE and EMEC.DE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
BJLC.DE vs. EMEC.DE — Risk / Return Rank
BJLC.DE
EMEC.DE
BJLC.DE vs. EMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF USD (BJLC.DE) and BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.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.
| BJLC.DE | EMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.20 | +0.08 |
| Martin ratioReturn relative to average drawdown | 7.88 | 7.63 | +0.25 |
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
| BJLC.DE | EMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 1.78 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.78 | +0.28 |
Drawdowns
BJLC.DE vs. EMEC.DE - Drawdown Comparison
The maximum BJLC.DE drawdown since its inception was -17.90%, smaller than the maximum EMEC.DE drawdown of -30.88%. Use the drawdown chart below to compare losses from any high point for BJLC.DE and EMEC.DE.
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Drawdown Indicators
| BJLC.DE | EMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.90% | -30.88% | +12.98% |
Max Drawdown (1Y)Largest decline over 1 year | -10.23% | -10.50% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -17.90% | -18.68% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.94% | — |
Current DrawdownCurrent decline from peak | -0.04% | -0.12% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -6.00% | +2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.03% | -0.07% |
Volatility
BJLC.DE vs. EMEC.DE - Volatility Comparison
BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF USD (BJLC.DE) and BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) have volatilities of 3.93% and 3.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BJLC.DE | EMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 3.76% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 9.61% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 12.99% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 15.88% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.03% | 17.42% | -3.39% |
BJLC.DE vs. EMEC.DE - Expense Ratio Comparison
Both BJLC.DE and EMEC.DE have an expense ratio of 0.30%.
Dividends
BJLC.DE vs. EMEC.DE - Dividend Comparison
Neither BJLC.DE nor EMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, BJLC.DE and EMEC.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.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BJLC.DE and EMEC.DE have the same expense ratio: 0.30% per year.
Both ETFs track ECPI Circular Economy Leaders Equity.
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