EMEC.DE vs. ESAP.DE
EMEC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR) and ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) are both exchange-traded funds - EMEC.DE is a Global Equities fund tracking the ECPI Circular Economy Leaders Equity, while ESAP.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, EMEC.DE returned 9.49%/yr vs 14.69%/yr for ESAP.DE. Their correlation of 0.82 suggests significant overlap in exposure. EMEC.DE charges 0.30%/yr vs 0.15%/yr for ESAP.DE.
Performance
EMEC.DE vs. ESAP.DE - Performance Comparison
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Different Trading Currencies
EMEC.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 investments are quite close, with EMEC.DE having a 10.95% return and ESAP.DE slightly higher at 11.28%.
EMEC.DE
- 1D
- -0.24%
- 1M
- 5.19%
- YTD
- 10.95%
- 6M
- 10.54%
- 1Y
- 21.09%
- 3Y*
- 11.29%
- 5Y*
- 9.49%
- 10Y*
- —
ESAP.DE
- 1D
- -0.13%
- 1M
- 5.18%
- YTD
- 11.28%
- 6M
- 11.26%
- 1Y
- 25.49%
- 3Y*
- 18.74%
- 5Y*
- 14.69%
- 10Y*
- —
EMEC.DE vs. ESAP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMEC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR | 10.95% | 5.92% | 10.86% | 19.48% | -12.91% | 37.20% | 8.36% | 3.30% |
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD | 11.28% | 4.09% | 32.39% | 23.18% | -14.49% | 41.14% | 7.12% | 3.49% |
Correlation
The correlation between EMEC.DE and ESAP.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | 0.82 |
The correlation between EMEC.DE and ESAP.DE shifts across timeframes, from 0.68 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMEC.DE vs. ESAP.DE — Risk / Return Rank
EMEC.DE
ESAP.DE
EMEC.DE vs. ESAP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.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.
| EMEC.DE | ESAP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 3.55 | -0.91 |
| Martin ratioReturn relative to average drawdown | 9.05 | 12.14 | -3.09 |
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
| EMEC.DE | ESAP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 2.03 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.91 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.84 | -0.02 |
Drawdowns
EMEC.DE vs. ESAP.DE - Drawdown Comparison
The maximum EMEC.DE drawdown since its inception was -30.18%, smaller than the maximum ESAP.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for EMEC.DE and ESAP.DE.
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Drawdown Indicators
| EMEC.DE | ESAP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.18% | -33.74% | +3.56% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -7.14% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -20.78% | -22.82% | +2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -20.78% | -22.82% | +2.04% |
Current DrawdownCurrent decline from peak | -0.24% | -0.42% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -4.99% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.09% | +0.23% |
Volatility
EMEC.DE vs. ESAP.DE - Volatility Comparison
BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) has a higher volatility of 3.47% compared to BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) at 3.01%. This indicates that EMEC.DE's price experiences larger fluctuations and is considered to be riskier 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
| EMEC.DE | ESAP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 3.01% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.86% | 8.64% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 12.50% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 15.93% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 17.80% | -1.80% |
EMEC.DE vs. ESAP.DE - Expense Ratio Comparison
EMEC.DE has a 0.30% expense ratio, which is higher than ESAP.DE's 0.15% expense ratio.
Dividends
EMEC.DE vs. ESAP.DE - Dividend Comparison
Neither EMEC.DE nor ESAP.DE has paid dividends to shareholders.
Frequently Asked Questions
EMEC.DE and ESAP.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESAP.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESAP.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for EMEC.DE.
EMEC.DE is categorized as Global Equities, while ESAP.DE is S&P 500. EMEC.DE tracks ECPI Circular Economy Leaders Equity, while ESAP.DE tracks S&P 500 Index. Their fees differ too: 0.30% for EMEC.DE and 0.15% for ESAP.DE.
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