EEUX.DE vs. ETSZ.DE
EEUX.DE (BNP Paribas Easy MSCI Europe ESG Filtered Min TE UCITS ETF) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both Europe Equities funds from BNP Paribas - EEUX.DE tracks the MSCI Europe ESG Filtered Min TE while ETSZ.DE tracks the STOXX® Europe 600. Both are passively managed. Over the past 10 years, EEUX.DE returned 10.13%/yr vs 10.16%/yr for ETSZ.DE. With a 0.97 correlation, they move nearly in lockstep. EEUX.DE charges 0.15%/yr vs 0.20%/yr for ETSZ.DE.
Performance
EEUX.DE vs. ETSZ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EEUX.DE having a 10.26% return and ETSZ.DE slightly lower at 10.04%. Both investments have delivered pretty close results over the past 10 years, with EEUX.DE having a 10.13% annualized return and ETSZ.DE not far ahead at 10.16%.
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%
ETSZ.DE
- 1D
- 0.77%
- 1M
- 2.09%
- YTD
- 10.04%
- 6M
- 10.73%
- 1Y
- 22.31%
- 3Y*
- 15.25%
- 5Y*
- 9.90%
- 10Y*
- 10.16%
EEUX.DE vs. ETSZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 27.61% | -94.76% | 1,777.97% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 10.04% | 20.39% | 8.24% | 15.59% | -10.31% | 24.87% | -1.48% | 28.89% | -11.23% | 10.67% |
Correlation
The correlation between EEUX.DE and ETSZ.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2013 | 0.97 |
The correlation between EEUX.DE and ETSZ.DE has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
EEUX.DE vs. ETSZ.DE — Risk / Return Rank
EEUX.DE
ETSZ.DE
EEUX.DE vs. ETSZ.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 STOXX Europe 600 UCITS ETF (ETSZ.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 | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.36 | -0.13 |
| Martin ratioReturn relative to average drawdown | 8.51 | 9.04 | -0.53 |
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Drawdowns
EEUX.DE vs. ETSZ.DE - Drawdown Comparison
The maximum EEUX.DE drawdown since its inception was -95.71%, which is greater than ETSZ.DE's maximum drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for EEUX.DE and ETSZ.DE.
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Drawdown Indicators
| EEUX.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.71% | -35.54% | -60.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.74% | -9.41% | -0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -16.45% | -16.34% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -20.50% | -0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -95.71% | -35.54% | -60.17% |
Current DrawdownCurrent decline from peak | -88.58% | 0.00% | -88.58% |
Average DrawdownAverage peak-to-trough decline | -55.21% | -5.34% | -49.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.46% | +0.10% |
Volatility
EEUX.DE vs. ETSZ.DE - Volatility Comparison
BNP Paribas Easy MSCI Europe ESG Filtered Min TE UCITS ETF (EEUX.DE) and BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) have volatilities of 2.98% and 2.92%, 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
| EEUX.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 2.92% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 10.83% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.99% | 12.91% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.26% | 14.40% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 714.84% | 15.24% | +699.60% |
EEUX.DE vs. ETSZ.DE - Expense Ratio Comparison
EEUX.DE has a 0.15% expense ratio, which is lower than ETSZ.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EEUX.DE vs. ETSZ.DE - Dividend Comparison
Neither EEUX.DE nor ETSZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, EEUX.DE and ETSZ.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.
On fees, EEUX.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EEUX.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for ETSZ.DE.
EEUX.DE tracks MSCI Europe ESG Filtered Min TE, while ETSZ.DE tracks STOXX® Europe 600. Their fees differ too: 0.15% for EEUX.DE and 0.20% for ETSZ.DE.
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