EMKX.DE vs. ETSZ.DE
EMKX.DE (BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both exchange-traded funds - EMKX.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ESG Filtered Min TE, while ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 5 years, EMKX.DE returned 7.82%/yr vs 9.62%/yr for ETSZ.DE. A 0.65 correlation means they provide meaningful diversification when combined. EMKX.DE charges 0.26%/yr vs 0.20%/yr for ETSZ.DE.
Performance
EMKX.DE vs. ETSZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMKX.DE achieves a 26.91% return, which is significantly higher than ETSZ.DE's 7.24% return.
EMKX.DE
- 1D
- -1.49%
- 1M
- 3.66%
- YTD
- 26.91%
- 6M
- 27.47%
- 1Y
- 47.96%
- 3Y*
- 20.45%
- 5Y*
- 7.82%
- 10Y*
- —
ETSZ.DE
- 1D
- 0.59%
- 1M
- 0.81%
- YTD
- 7.24%
- 6M
- 9.81%
- 1Y
- 15.98%
- 3Y*
- 13.72%
- 5Y*
- 9.62%
- 10Y*
- 9.16%
EMKX.DE vs. ETSZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMKX.DE BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF | 26.91% | 18.66% | 14.62% | 4.95% | -15.64% | 4.35% | 6.78% | 21.85% | -11.58% | 19.87% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 7.24% | 20.43% | 8.21% | 15.61% | -10.31% | 24.89% | -1.49% | 28.86% | -11.18% | 10.63% |
Correlation
The correlation between EMKX.DE and ETSZ.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2016 | 0.65 |
The correlation between EMKX.DE and ETSZ.DE has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
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Return for Risk
EMKX.DE vs. ETSZ.DE — Risk / Return Rank
EMKX.DE
ETSZ.DE
EMKX.DE vs. ETSZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF (EMKX.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.
| EMKX.DE | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.24 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.43 | 1.72 | +2.72 |
| Martin ratioReturn relative to average drawdown | 16.29 | 6.45 | +9.84 |
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
| EMKX.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 1.26 | +1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.66 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.52 | -0.04 |
Drawdowns
EMKX.DE vs. ETSZ.DE - Drawdown Comparison
The maximum EMKX.DE drawdown since its inception was -31.68%, smaller than the maximum ETSZ.DE drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for EMKX.DE and ETSZ.DE.
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Drawdown Indicators
| EMKX.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.68% | -35.51% | +3.83% |
Max Drawdown (1Y)Largest decline over 1 year | -10.98% | -9.39% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -19.38% | -16.35% | -3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -25.29% | -20.55% | -4.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.51% | — |
Current DrawdownCurrent decline from peak | -2.57% | -1.70% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -5.41% | -4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 2.51% | +0.48% |
Volatility
EMKX.DE vs. ETSZ.DE - Volatility Comparison
BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF (EMKX.DE) has a higher volatility of 7.51% compared to BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) at 4.34%. This indicates that EMKX.DE's price experiences larger fluctuations and is considered to be riskier than ETSZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMKX.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.51% | 4.34% | +3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 15.21% | 10.64% | +4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.88% | 12.84% | +5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 14.39% | +2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.30% | 15.54% | +2.76% |
EMKX.DE vs. ETSZ.DE - Expense Ratio Comparison
EMKX.DE has a 0.26% expense ratio, which is higher than ETSZ.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EMKX.DE vs. ETSZ.DE - Dividend Comparison
Neither EMKX.DE nor ETSZ.DE has paid dividends to shareholders.
Frequently Asked Questions
EMKX.DE and ETSZ.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETSZ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETSZ.DE is cheaper with a 0.20% expense ratio, compared with 0.26% for EMKX.DE.
EMKX.DE is categorized as Emerging Markets Equities, while ETSZ.DE is Europe Equities. EMKX.DE tracks MSCI Emerging Markets ESG Filtered Min TE, while ETSZ.DE tracks STOXX® Europe 600. Their fees differ too: 0.26% for EMKX.DE and 0.20% for ETSZ.DE.
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