D5BM.DE vs. ESAP.DE
D5BM.DE (Xtrackers S&P 500 Swap UCITS ETF 1C) and ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) are both S&P 500 funds tracking the S&P 500 Index, from Xtrackers and BNP Paribas respectively. Both are passively managed. Over the past 5 years, D5BM.DE returned 14.88%/yr vs 14.69%/yr for ESAP.DE. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.15% expense ratio.
Performance
D5BM.DE vs. ESAP.DE - Performance Comparison
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Different Trading Currencies
D5BM.DE is traded in EUR, while ESAP.DE is traded in USD. To make them comparable, the ESAP.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with D5BM.DE having a 11.37% return and ESAP.DE slightly lower at 11.28%.
D5BM.DE
- 1D
- -0.13%
- 1M
- 4.39%
- YTD
- 11.37%
- 6M
- 10.87%
- 1Y
- 25.59%
- 3Y*
- 18.95%
- 5Y*
- 14.88%
- 10Y*
- 15.17%
ESAP.DE
- 1D
- -0.13%
- 1M
- 5.18%
- YTD
- 11.28%
- 6M
- 11.26%
- 1Y
- 25.49%
- 3Y*
- 18.74%
- 5Y*
- 14.69%
- 10Y*
- —
D5BM.DE vs. ESAP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
D5BM.DE Xtrackers S&P 500 Swap UCITS ETF 1C | 11.37% | 4.79% | 32.48% | 22.66% | -14.28% | 41.10% | 7.10% | 3.62% |
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD | 11.29% | 4.09% | 32.39% | 23.18% | -14.49% | 41.14% | 7.12% | 3.49% |
Correlation
The correlation between D5BM.DE and ESAP.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | 0.95 |
The correlation between D5BM.DE and ESAP.DE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
D5BM.DE vs. ESAP.DE — Risk / Return Rank
D5BM.DE
ESAP.DE
D5BM.DE vs. ESAP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Swap UCITS ETF 1C (D5BM.DE) and BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.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.
| D5BM.DE | ESAP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 3.55 | +0.03 |
| Martin ratioReturn relative to average drawdown | 12.76 | 12.14 | +0.61 |
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
| D5BM.DE | ESAP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 2.03 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.91 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.84 | +0.07 |
Drawdowns
D5BM.DE vs. ESAP.DE - Drawdown Comparison
The maximum D5BM.DE drawdown since its inception was -33.77%, roughly equal to the maximum ESAP.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for D5BM.DE and ESAP.DE.
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Drawdown Indicators
| D5BM.DE | ESAP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.77% | -33.74% | -0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -7.14% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -23.22% | -22.82% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -23.22% | -22.82% | -0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -33.77% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -0.42% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -4.99% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.09% | -0.08% |
Volatility
D5BM.DE vs. ESAP.DE - Volatility Comparison
The current volatility for Xtrackers S&P 500 Swap UCITS ETF 1C (D5BM.DE) is 2.69%, while BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) has a volatility of 3.01%. This indicates that D5BM.DE experiences smaller price fluctuations and is considered to be less risky than ESAP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| D5BM.DE | ESAP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 3.01% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 8.64% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.59% | 12.50% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 15.93% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 17.80% | -1.74% |
D5BM.DE vs. ESAP.DE - Expense Ratio Comparison
Both D5BM.DE and ESAP.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
D5BM.DE vs. ESAP.DE - Dividend Comparison
Neither D5BM.DE nor ESAP.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, D5BM.DE and ESAP.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 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
D5BM.DE and ESAP.DE have the same expense ratio: 0.15% per year.
Both ETFs track S&P 500 Index. They also come from different issuers: Xtrackers and BNP Paribas.
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