EJAP.DE vs. ESEE.DE

Last updated Jun 5, 2026

EJAP.DE (BNP Paribas Easy MSCI Japan ESG Filtered Min TE UCITS ETF) and ESEE.DE (BNP Paribas Easy S&P 500 UCITS ETF EUR) are both exchange-traded funds - EJAP.DE is a Japan Equities fund tracking the MSCI Japan ESG Filtered Min TE, while ESEE.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, EJAP.DE returned 10.25%/yr vs 14.69%/yr for ESEE.DE. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.

Performance

EJAP.DE vs. ESEE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy MSCI Japan ESG Filtered Min TE UCITS ETF (EJAP.DE) and BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EJAP.DE achieves a 16.87% return, which is significantly higher than ESEE.DE's 11.27% return.

EJAP.DE

• 1D: -0.24%
• 1M: 6.39%
• YTD: 16.87%
• 6M: 16.66%
• 1Y: 29.75%
• 3Y*: 15.41%
• 5Y*: 10.25%
• 10Y*: —

ESEE.DE

• 1D: -0.16%
• 1M: 5.21%
• YTD: 11.27%
• 6M: 11.25%
• 1Y: 25.34%
• 3Y*: 18.69%
• 5Y*: 14.69%
• 10Y*: 15.09%

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

EJAP.DE vs. ESEE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EJAP.DE BNP Paribas Easy MSCI Japan ESG Filtered Min TE UCITS ETF	16.87%	11.73%	14.53%	16.88%	-12.11%	10.01%	5.26%	22.39%	-93.57%	9.12%
ESEE.DE BNP Paribas Easy S&P 500 UCITS ETF EUR	11.27%	4.37%	32.16%	22.65%	-14.21%	40.85%	7.14%	34.97%	-0.85%	7.07%

Correlation

The correlation between EJAP.DE and ESEE.DE is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Sep 19, 2016	0.63

The correlation between EJAP.DE and ESEE.DE shifts across timeframes, from 0.52 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EJAP.DE vs. ESEE.DE — Risk / Return Rank

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

EJAP.DE

EJAP.DE Risk / Return Rank: 51
EJAP.DE Sharpe Ratio Rank: 45
EJAP.DE Sortino Ratio Rank: 50
EJAP.DE Omega Ratio Rank: 49
EJAP.DE Calmar Ratio Rank: 59
EJAP.DE Martin Ratio Rank: 54

ESEE.DE

ESEE.DE Risk / Return Rank: 68
ESEE.DE Sharpe Ratio Rank: 67
ESEE.DE Sortino Ratio Rank: 65
ESEE.DE Omega Ratio Rank: 69
ESEE.DE Calmar Ratio Rank: 72
ESEE.DE Martin Ratio Rank: 69

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.

EJAP.DE vs. ESEE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI Japan ESG Filtered Min TE UCITS ETF (EJAP.DE) and BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.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.

	EJAP.DE	ESEE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.17	-0.62
Sortino ratio: Return per unit of downside risk	2.38	2.96	-0.58
Omega ratio: Gain probability vs. loss probability	1.30	1.40	-0.11
Calmar ratio: Return relative to maximum drawdown	2.86	3.51	-0.65
Martin ratio: Return relative to average drawdown	9.27	12.48	-3.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EJAP.DE vs. ESEE.DE - Sharpe Ratio Comparison

The current EJAP.DE Sharpe Ratio is 1.56, which is comparable to the ESEE.DE Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of EJAP.DE and ESEE.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

	EJAP.DE	ESEE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	2.17	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.96	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.49	0.95	-1.45

Drawdowns

EJAP.DE vs. ESEE.DE - Drawdown Comparison

The maximum EJAP.DE drawdown since its inception was -94.44%, which is greater than ESEE.DE's maximum drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for EJAP.DE and ESEE.DE.

Drawdown Indicators

	EJAP.DE	ESEE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-33.58%	-60.86%
Max Drawdown (1Y) Largest decline over 1 year	-10.34%	-7.18%	-3.16%
Max Drawdown (3Y) Largest decline over 3 years	-16.92%	-23.46%	+6.54%
Max Drawdown (5Y) Largest decline over 5 years	-18.42%	-23.46%	+5.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.58%	—
Current Drawdown Current decline from peak	-86.65%	-0.45%	-86.20%
Average Drawdown Average peak-to-trough decline	-75.83%	-4.12%	-71.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	2.03%	+1.17%

Volatility

EJAP.DE vs. ESEE.DE - Volatility Comparison

BNP Paribas Easy MSCI Japan ESG Filtered Min TE UCITS ETF (EJAP.DE) has a higher volatility of 3.42% compared to BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.DE) at 2.65%. This indicates that EJAP.DE's price experiences larger fluctuations and is considered to be riskier than ESEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EJAP.DE	ESEE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	2.65%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	15.03%	7.60%	+7.43%
Volatility (1Y) Calculated over the trailing 1-year period	19.03%	11.61%	+7.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.64%	15.20%	+1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.09%	16.09%	+18.00%

EJAP.DE vs. ESEE.DE - Expense Ratio Comparison

Both EJAP.DE and ESEE.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

EJAP.DE vs. ESEE.DE - Dividend Comparison

Neither EJAP.DE nor ESEE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EJAP.DE and ESEE.DE in my portfolio?

EJAP.DE and ESEE.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EJAP.DE or ESEE.DE?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EJAP.DE or ESEE.DE?

EJAP.DE and ESEE.DE have the same expense ratio: 0.15% per year.

What is the main difference between EJAP.DE and ESEE.DE?

EJAP.DE is categorized as Japan Equities, while ESEE.DE is S&P 500. EJAP.DE tracks MSCI Japan ESG Filtered Min TE, while ESEE.DE tracks S&P 500 Index.