BJLC.DE vs. UEEH.DE
BJLC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF USD) and UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) are both Global Equities funds - BJLC.DE tracks the ECPI Circular Economy Leaders Equity while UEEH.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 3 years, BJLC.DE returned 14.35%/yr vs 9.09%/yr for UEEH.DE. At a 0.50 correlation, their price movements are largely independent. Both charge a 0.30% expense ratio.
Performance
BJLC.DE vs. UEEH.DE - Performance Comparison
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Different Trading Currencies
BJLC.DE is traded in USD, while UEEH.DE is traded in EUR. To make them comparable, the UEEH.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BJLC.DE achieves a 9.66% return, which is significantly higher than UEEH.DE's 0.38% return.
BJLC.DE
- 1D
- -0.04%
- 1M
- 4.48%
- YTD
- 9.66%
- 6M
- 10.24%
- 1Y
- 23.30%
- 3Y*
- 14.35%
- 5Y*
- —
- 10Y*
- —
UEEH.DE
- 1D
- 0.09%
- 1M
- 0.81%
- YTD
- 0.38%
- 6M
- 1.34%
- 1Y
- 1.16%
- 3Y*
- 9.09%
- 5Y*
- 5.00%
- 10Y*
- —
BJLC.DE vs. UEEH.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% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 0.36% | 11.15% | 10.84% | 6.50% |
Correlation
The correlation between BJLC.DE and UEEH.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2023 | 0.50 |
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Return for Risk
BJLC.DE vs. UEEH.DE — Risk / Return Rank
BJLC.DE
UEEH.DE
BJLC.DE vs. UEEH.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 iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.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 | UEEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.03 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 0.20 | +2.08 |
| Martin ratioReturn relative to average drawdown | 7.88 | 0.47 | +7.41 |
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 | UEEH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 0.14 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.57 | +0.49 |
Drawdowns
BJLC.DE vs. UEEH.DE - Drawdown Comparison
The maximum BJLC.DE drawdown since its inception was -17.90%, roughly equal to the maximum UEEH.DE drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for BJLC.DE and UEEH.DE.
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Drawdown Indicators
| BJLC.DE | UEEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.90% | -18.53% | +0.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.23% | -5.73% | -4.50% |
Max Drawdown (3Y)Largest decline over 3 years | -17.90% | -9.22% | -8.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.53% | — |
Current DrawdownCurrent decline from peak | -0.04% | -3.99% | +3.95% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -4.09% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.45% | +0.51% |
Volatility
BJLC.DE vs. UEEH.DE - Volatility Comparison
BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF USD (BJLC.DE) has a higher volatility of 3.93% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.DE) at 2.24%. This indicates that BJLC.DE's price experiences larger fluctuations and is considered to be riskier than UEEH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BJLC.DE | UEEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 2.24% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 5.72% | +4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 8.09% | +5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 11.01% | +3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.03% | 11.13% | +2.90% |
BJLC.DE vs. UEEH.DE - Expense Ratio Comparison
Both BJLC.DE and UEEH.DE have an expense ratio of 0.30%.
Dividends
BJLC.DE vs. UEEH.DE - Dividend Comparison
BJLC.DE has not paid dividends to shareholders, while UEEH.DE's dividend yield for the trailing twelve months is around 1.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BJLC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.45% | 1.49% | 1.59% | 1.76% | 1.70% | 1.37% |
Frequently Asked Questions
BJLC.DE and UEEH.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 UEEH.DE have the same expense ratio: 0.30% per year.
BJLC.DE tracks ECPI Circular Economy Leaders Equity, while UEEH.DE tracks MSCI World Minimum Volatility. They also come from different issuers: BNP Paribas and iShares.
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