D5BL.DE vs. VALD.DE

Last updated Jun 5, 2026

D5BL.DE (Xtrackers MSCI Europe Value UCITS ETF) and VALD.DE (BNP Paribas Easy ESG Value Europe UCITS ETF) are both Europe Equities funds - D5BL.DE tracks the MSCI Europe Enhanced Value while VALD.DE tracks the BNP Paribas Value Europe ESG. Both are passively managed. Over the past 5 years, D5BL.DE returned 14.60%/yr vs 7.81%/yr for VALD.DE. Their correlation of 0.90 suggests significant overlap in exposure. D5BL.DE charges 0.15%/yr vs 0.30%/yr for VALD.DE.

Performance

D5BL.DE vs. VALD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE) and BNP Paribas Easy ESG Value Europe UCITS ETF (VALD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, D5BL.DE achieves a 13.85% return, which is significantly higher than VALD.DE's 10.40% return.

D5BL.DE

• 1D: -0.38%
• 1M: 2.55%
• YTD: 13.85%
• 6M: 17.04%
• 1Y: 32.33%
• 3Y*: 21.76%
• 5Y*: 14.60%
• 10Y*: 10.77%

VALD.DE

• 1D: 0.88%
• 1M: -0.37%
• YTD: 10.40%
• 6M: 13.25%
• 1Y: 18.49%
• 3Y*: 16.67%
• 5Y*: 7.81%
• 10Y*: —

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

D5BL.DE vs. VALD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
D5BL.DE Xtrackers MSCI Europe Value UCITS ETF	13.85%	35.78%	10.37%	14.14%	-4.63%	26.83%	-8.58%	22.90%	-13.98%	6.59%
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF	10.40%	23.55%	9.24%	14.99%	-19.44%	23.32%	-12.12%	17.75%	-12.42%	14.18%

Correlation

The correlation between D5BL.DE and VALD.DE is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 15, 2017	0.90

The correlation between D5BL.DE and VALD.DE has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

Return for Risk

D5BL.DE vs. VALD.DE — Risk / Return Rank

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

D5BL.DE

D5BL.DE Risk / Return Rank: 70
D5BL.DE Sharpe Ratio Rank: 71
D5BL.DE Sortino Ratio Rank: 73
D5BL.DE Omega Ratio Rank: 71
D5BL.DE Calmar Ratio Rank: 67
D5BL.DE Martin Ratio Rank: 69

VALD.DE

VALD.DE Risk / Return Rank: 49
VALD.DE Sharpe Ratio Rank: 47
VALD.DE Sortino Ratio Rank: 47
VALD.DE Omega Ratio Rank: 48
VALD.DE Calmar Ratio Rank: 50
VALD.DE Martin Ratio Rank: 50

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.

D5BL.DE vs. VALD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE) and BNP Paribas Easy ESG Value Europe UCITS ETF (VALD.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.

	D5BL.DE	VALD.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.28	1.62	+0.66
Sortino ratio: Return per unit of downside risk	3.24	2.30	+0.94
Omega ratio: Gain probability vs. loss probability	1.42	1.30	+0.12
Calmar ratio: Return relative to maximum drawdown	3.28	2.47	+0.81
Martin ratio: Return relative to average drawdown	12.52	8.35	+4.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

D5BL.DE vs. VALD.DE - Sharpe Ratio Comparison

The current D5BL.DE Sharpe Ratio is 2.28, which is higher than the VALD.DE Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of D5BL.DE and VALD.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

	D5BL.DE	VALD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	1.62	+0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.54	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.39	+0.09

Drawdowns

D5BL.DE vs. VALD.DE - Drawdown Comparison

The maximum D5BL.DE drawdown since its inception was -40.40%, roughly equal to the maximum VALD.DE drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for D5BL.DE and VALD.DE.

Drawdown Indicators

	D5BL.DE	VALD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-40.40%	-41.02%	+0.62%
Max Drawdown (1Y) Largest decline over 1 year	-10.02%	-7.54%	-2.48%
Max Drawdown (3Y) Largest decline over 3 years	-17.36%	-14.17%	-3.19%
Max Drawdown (5Y) Largest decline over 5 years	-19.58%	-31.14%	+11.56%
Max Drawdown (10Y) Largest decline over 10 years	-40.40%	—	—
Current Drawdown Current decline from peak	-1.22%	-0.96%	-0.26%
Average Drawdown Average peak-to-trough decline	-7.23%	-8.18%	+0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	2.24%	+0.39%

Volatility

D5BL.DE vs. VALD.DE - Volatility Comparison

Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE) has a higher volatility of 4.83% compared to BNP Paribas Easy ESG Value Europe UCITS ETF (VALD.DE) at 3.80%. This indicates that D5BL.DE's price experiences larger fluctuations and is considered to be riskier than VALD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	D5BL.DE	VALD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	3.80%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	11.54%	9.29%	+2.25%
Volatility (1Y) Calculated over the trailing 1-year period	14.44%	11.54%	+2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.59%	14.41%	+1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.76%	15.89%	+1.87%

D5BL.DE vs. VALD.DE - Expense Ratio Comparison

D5BL.DE has a 0.15% expense ratio, which is lower than VALD.DE's 0.30% expense ratio.

Dividends

D5BL.DE vs. VALD.DE - Dividend Comparison

D5BL.DE has not paid dividends to shareholders, while VALD.DE's dividend yield for the trailing twelve months is around 3.00%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
D5BL.DE Xtrackers MSCI Europe Value UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF	3.00%	3.36%	3.35%	3.36%	3.99%	2.17%	5.02%	4.92%	4.84%

Frequently Asked Questions

Can I hold both D5BL.DE and VALD.DE in my portfolio?

D5BL.DE and VALD.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, D5BL.DE or VALD.DE?

On fees, D5BL.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, D5BL.DE or VALD.DE?

D5BL.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for VALD.DE.

What is the main difference between D5BL.DE and VALD.DE?

D5BL.DE tracks MSCI Europe Enhanced Value, while VALD.DE tracks BNP Paribas Value Europe ESG. They also come from different issuers: Xtrackers and BNP Paribas. Their fees differ too: 0.15% for D5BL.DE and 0.30% for VALD.DE.