EMEC.DE vs. VLEU.DE
EMEC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR) and VLEU.DE (BNP Paribas Easy ESG Low Volatility Europe UCITS ETF) are both exchange-traded funds - EMEC.DE is a Global Equities fund tracking the ECPI Circular Economy Leaders Equity, while VLEU.DE is a Europe Equities fund tracking the BNP Paribas Low Vol Europe ESG. Both are passively managed. Over the past 5 years, EMEC.DE returned 9.49%/yr vs 7.63%/yr for VLEU.DE. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
EMEC.DE vs. VLEU.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMEC.DE achieves a 10.95% return, which is significantly higher than VLEU.DE's 4.90% return.
EMEC.DE
- 1D
- -0.24%
- 1M
- 5.19%
- YTD
- 10.95%
- 6M
- 10.54%
- 1Y
- 21.09%
- 3Y*
- 11.29%
- 5Y*
- 9.49%
- 10Y*
- —
VLEU.DE
- 1D
- 0.81%
- 1M
- 0.97%
- YTD
- 4.90%
- 6M
- 6.83%
- 1Y
- 6.35%
- 3Y*
- 10.05%
- 5Y*
- 7.63%
- 10Y*
- —
EMEC.DE vs. VLEU.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% | 18.47% |
VLEU.DE BNP Paribas Easy ESG Low Volatility Europe UCITS ETF | 4.90% | 12.78% | 10.91% | 11.65% | -13.54% | 27.36% | -5.16% | 11.69% |
Correlation
The correlation between EMEC.DE and VLEU.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019 | 0.65 |
The correlation between EMEC.DE and VLEU.DE shifts across timeframes, from 0.57 (3 years) to 0.67 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMEC.DE vs. VLEU.DE — Risk / Return Rank
EMEC.DE
VLEU.DE
EMEC.DE vs. VLEU.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 ESG Low Volatility Europe UCITS ETF (VLEU.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 | VLEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.11 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 0.62 | +2.02 |
| Martin ratioReturn relative to average drawdown | 9.05 | 1.83 | +7.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EMEC.DE | VLEU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 0.55 | +1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.69 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.76 | +0.06 |
Drawdowns
EMEC.DE vs. VLEU.DE - Drawdown Comparison
The maximum EMEC.DE drawdown since its inception was -30.18%, smaller than the maximum VLEU.DE drawdown of -32.22%. Use the drawdown chart below to compare losses from any high point for EMEC.DE and VLEU.DE.
Loading charts...
Drawdown Indicators
| EMEC.DE | VLEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.18% | -32.22% | +2.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -10.14% | +2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -20.78% | -12.56% | -8.22% |
Max Drawdown (5Y)Largest decline over 5 years | -20.78% | -19.89% | -0.89% |
Current DrawdownCurrent decline from peak | -0.24% | -4.49% | +4.25% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -5.37% | +0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 3.46% | -1.14% |
Volatility
EMEC.DE vs. VLEU.DE - Volatility Comparison
The current volatility for BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) is 3.47%, while BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLEU.DE) has a volatility of 3.76%. This indicates that EMEC.DE experiences smaller price fluctuations and is considered to be less risky than VLEU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMEC.DE | VLEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 3.76% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.86% | 9.58% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 11.54% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 14.47% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 16.57% | -0.57% |
EMEC.DE vs. VLEU.DE - Expense Ratio Comparison
Both EMEC.DE and VLEU.DE have an expense ratio of 0.30%.
Dividends
EMEC.DE vs. VLEU.DE - Dividend Comparison
Neither EMEC.DE nor VLEU.DE has paid dividends to shareholders.
Frequently Asked Questions
EMEC.DE and VLEU.DE have a correlation of 0.67, 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 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EMEC.DE and VLEU.DE have the same expense ratio: 0.30% per year.
EMEC.DE is categorized as Global Equities, while VLEU.DE is Europe Equities. EMEC.DE tracks ECPI Circular Economy Leaders Equity, while VLEU.DE tracks BNP Paribas Low Vol Europe ESG.
Find the right allocation for EMEC.DE and VLEU.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer