EEUX.DE vs. ESAP.DE
EEUX.DE (BNP Paribas Easy MSCI Europe ESG Filtered Min TE UCITS ETF) and ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) are both exchange-traded funds - EEUX.DE is a Europe Equities fund tracking the MSCI Europe ESG Filtered Min TE, while ESAP.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, EEUX.DE returned 9.50%/yr vs 13.84%/yr for ESAP.DE. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
EEUX.DE vs. ESAP.DE - Performance Comparison
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Different Trading Currencies
EEUX.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
In the year-to-date period, EEUX.DE achieves a 10.26% return, which is significantly lower than ESAP.DE's 10.78% return.
EEUX.DE
- 1D
- 0.79%
- 1M
- 2.72%
- YTD
- 10.26%
- 6M
- 10.98%
- 1Y
- 21.84%
- 3Y*
- 15.05%
- 5Y*
- 9.50%
- 10Y*
- 10.13%
ESAP.DE
- 1D
- -0.77%
- 1M
- 0.44%
- YTD
- 10.78%
- 6M
- 11.38%
- 1Y
- 25.07%
- 3Y*
- 18.75%
- 5Y*
- 13.84%
- 10Y*
- —
EEUX.DE vs. ESAP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EEUX.DE BNP Paribas Easy MSCI Europe ESG Filtered Min TE UCITS ETF | 10.26% | 19.25% | 8.83% | 15.73% | -11.68% | 24.98% | -2.95% | 2.58% |
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD | 10.78% | 4.08% | 32.42% | 23.17% | -14.51% | 41.21% | 7.09% | 1.75% |
Correlation
The correlation between EEUX.DE and ESAP.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2019 | 0.68 |
The correlation between EEUX.DE and ESAP.DE shifts across timeframes, from 0.56 (3 years) to 0.68 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EEUX.DE vs. ESAP.DE — Risk / Return Rank
EEUX.DE
ESAP.DE
EEUX.DE vs. ESAP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI Europe ESG Filtered Min TE UCITS ETF (EEUX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EEUX.DE | ESAP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.36 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 3.49 | -1.26 |
| Martin ratioReturn relative to average drawdown | 8.51 | 11.77 | -3.26 |
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Drawdowns
EEUX.DE vs. ESAP.DE - Drawdown Comparison
The maximum EEUX.DE drawdown since its inception was -95.71%, which is greater than ESAP.DE's maximum drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for EEUX.DE and ESAP.DE.
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Drawdown Indicators
| EEUX.DE | ESAP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.71% | -33.78% | -61.93% |
Max Drawdown (1Y)Largest decline over 1 year | -9.74% | -7.15% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -16.45% | -22.84% | +6.39% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -22.84% | +1.63% |
Max Drawdown (10Y)Largest decline over 10 years | -95.71% | — | — |
Current DrawdownCurrent decline from peak | -88.58% | -0.86% | -87.72% |
Average DrawdownAverage peak-to-trough decline | -55.21% | -5.01% | -50.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.12% | +0.44% |
Volatility
EEUX.DE vs. ESAP.DE - Volatility Comparison
The current volatility for BNP Paribas Easy MSCI Europe ESG Filtered Min TE UCITS ETF (EEUX.DE) is 2.98%, while BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) has a volatility of 3.73%. This indicates that EEUX.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
| EEUX.DE | ESAP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 3.73% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 9.14% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.99% | 12.76% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.26% | 16.02% | -1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 714.84% | 17.87% | +696.97% |
EEUX.DE vs. ESAP.DE - Expense Ratio Comparison
Both EEUX.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
EEUX.DE vs. ESAP.DE - Dividend Comparison
Neither EEUX.DE nor ESAP.DE has paid dividends to shareholders.
Frequently Asked Questions
EEUX.DE and ESAP.DE have a correlation of 0.58, 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 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EEUX.DE and ESAP.DE have the same expense ratio: 0.15% per year.
EEUX.DE is categorized as Europe Equities, while ESAP.DE is S&P 500. EEUX.DE tracks MSCI Europe ESG Filtered Min TE, while ESAP.DE tracks S&P 500 Index.
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