EMUX.DE vs. EMUS.DE

Last updated Jun 5, 2026

EMUX.DE (BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF) and EMUS.DE (BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF) are both Europe Equities funds from BNP Paribas - EMUX.DE tracks the MSCI EMU ESG Filtered Min TE while EMUS.DE tracks the MSCI EMU SRI S-Series PAB 5% Capped. Both are passively managed. Over the past 5 years, EMUX.DE returned 10.17%/yr vs 7.85%/yr for EMUS.DE. A 0.79 correlation means they provide meaningful diversification when combined. EMUX.DE charges 0.15%/yr vs 0.25%/yr for EMUS.DE.

Performance

EMUX.DE vs. EMUS.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF (EMUX.DE) and BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF (EMUS.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMUX.DE achieves a 8.53% return, which is significantly higher than EMUS.DE's 7.56% return.

EMUX.DE

• 1D: 0.57%
• 1M: 4.72%
• YTD: 8.53%
• 6M: 10.52%
• 1Y: 17.64%
• 3Y*: 15.40%
• 5Y*: 10.17%
• 10Y*: —

EMUS.DE

• 1D: 0.74%
• 1M: 5.38%
• YTD: 7.56%
• 6M: 9.47%
• 1Y: 12.57%
• 3Y*: 12.58%
• 5Y*: 7.85%
• 10Y*: —

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

EMUX.DE vs. EMUS.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EMUX.DE BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF	8.53%	24.11%	9.25%	18.05%	-12.61%	22.90%	10.49%
EMUS.DE BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF	7.56%	15.33%	10.65%	11.79%	-13.95%	30.31%	4.55%

Correlation

The correlation between EMUX.DE and EMUS.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020	0.79

The correlation between EMUX.DE and EMUS.DE shifts across timeframes, from 0.77 (3 years) to 0.93 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EMUX.DE vs. EMUS.DE — Risk / Return Rank

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

EMUX.DE

EMUX.DE Risk / Return Rank: 36
EMUX.DE Sharpe Ratio Rank: 34
EMUX.DE Sortino Ratio Rank: 36
EMUX.DE Omega Ratio Rank: 35
EMUX.DE Calmar Ratio Rank: 35
EMUX.DE Martin Ratio Rank: 40

EMUS.DE

EMUS.DE Risk / Return Rank: 27
EMUS.DE Sharpe Ratio Rank: 27
EMUS.DE Sortino Ratio Rank: 26
EMUS.DE Omega Ratio Rank: 27
EMUS.DE Calmar Ratio Rank: 25
EMUS.DE Martin Ratio Rank: 28

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.

EMUX.DE vs. EMUS.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF (EMUX.DE) and BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF (EMUS.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.

	EMUX.DE	EMUS.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.21	0.94	+0.27
Sortino ratio: Return per unit of downside risk	1.84	1.41	+0.43
Omega ratio: Gain probability vs. loss probability	1.23	1.18	+0.05
Calmar ratio: Return relative to maximum drawdown	1.72	1.15	+0.56
Martin ratio: Return relative to average drawdown	6.23	3.93	+2.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMUX.DE vs. EMUS.DE - Sharpe Ratio Comparison

The current EMUX.DE Sharpe Ratio is 1.21, which is comparable to the EMUS.DE Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of EMUX.DE and EMUS.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

	EMUX.DE	EMUS.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	0.94	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.57	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.78	-0.17

Drawdowns

EMUX.DE vs. EMUS.DE - Drawdown Comparison

The maximum EMUX.DE drawdown since its inception was -38.44%, which is greater than EMUS.DE's maximum drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for EMUX.DE and EMUS.DE.

Drawdown Indicators

	EMUX.DE	EMUS.DE	Difference
Max Drawdown Largest peak-to-trough decline	-38.44%	-25.16%	-13.28%
Max Drawdown (1Y) Largest decline over 1 year	-10.23%	-10.86%	+0.63%
Max Drawdown (3Y) Largest decline over 3 years	-15.03%	-13.11%	-1.92%
Max Drawdown (5Y) Largest decline over 5 years	-25.11%	-25.16%	+0.05%
Current Drawdown Current decline from peak	-0.53%	-0.19%	-0.34%
Average Drawdown Average peak-to-trough decline	-5.35%	-5.64%	+0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	3.19%	-0.37%

Volatility

EMUX.DE vs. EMUS.DE - Volatility Comparison

BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF (EMUX.DE) has a higher volatility of 4.57% compared to BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF (EMUS.DE) at 4.25%. This indicates that EMUX.DE's price experiences larger fluctuations and is considered to be riskier than EMUS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMUX.DE	EMUS.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	4.25%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	11.92%	11.27%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	14.51%	13.34%	+1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	16.68%	-0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	17.35%	-0.76%

EMUX.DE vs. EMUS.DE - Expense Ratio Comparison

EMUX.DE has a 0.15% expense ratio, which is lower than EMUS.DE's 0.25% 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

EMUX.DE vs. EMUS.DE - Dividend Comparison

Neither EMUX.DE nor EMUS.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EMUX.DE and EMUS.DE in my portfolio?

With a correlation of 0.93, EMUX.DE and EMUS.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.

Which ETF is better, EMUX.DE or EMUS.DE?

On fees, EMUX.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EMUX.DE or EMUS.DE?

EMUX.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for EMUS.DE.

What is the main difference between EMUX.DE and EMUS.DE?

EMUX.DE tracks MSCI EMU ESG Filtered Min TE, while EMUS.DE tracks MSCI EMU SRI S-Series PAB 5% Capped. Their fees differ too: 0.15% for EMUX.DE and 0.25% for EMUS.DE.