EMUX.DE vs. EUPA.DE
EMUX.DE (BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF) and EUPA.DE (Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD)) are both Europe Equities funds - EMUX.DE tracks the MSCI EMU ESG Filtered Min TE while EUPA.DE tracks the Shiller Barclays CAPE® Global Sector. Both are passively managed. Over the past 3 years, EMUX.DE returned 15.40%/yr vs 17.95%/yr for EUPA.DE. A 0.67 correlation means they provide meaningful diversification when combined. EMUX.DE charges 0.15%/yr vs 0.65%/yr for EUPA.DE.
Performance
EMUX.DE vs. EUPA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EMUX.DE having a 8.53% return and EUPA.DE slightly lower at 8.36%.
EMUX.DE
- 1D
- 0.57%
- 1M
- 4.72%
- YTD
- 8.53%
- 6M
- 10.52%
- 1Y
- 17.64%
- 3Y*
- 15.40%
- 5Y*
- 10.17%
- 10Y*
- —
EUPA.DE
- 1D
- 0.63%
- 1M
- 0.54%
- YTD
- 8.36%
- 6M
- 9.94%
- 1Y
- 17.10%
- 3Y*
- 17.95%
- 5Y*
- —
- 10Y*
- —
EMUX.DE vs. EUPA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EMUX.DE BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF | 8.53% | 24.11% | 9.25% | 6.48% |
EUPA.DE Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) | 8.36% | 18.38% | 13.54% | 11.13% |
Correlation
The correlation between EMUX.DE and EUPA.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.67 |
The correlation between EMUX.DE and EUPA.DE has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
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Return for Risk
EMUX.DE vs. EUPA.DE — Risk / Return Rank
EMUX.DE
EUPA.DE
EMUX.DE vs. EUPA.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 Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) (EUPA.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 | EUPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.02 | -0.30 |
| Martin ratioReturn relative to average drawdown | 6.23 | 7.49 | -1.26 |
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
| EMUX.DE | EUPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.57 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.30 | -0.69 |
Drawdowns
EMUX.DE vs. EUPA.DE - Drawdown Comparison
The maximum EMUX.DE drawdown since its inception was -38.44%, which is greater than EUPA.DE's maximum drawdown of -10.28%. Use the drawdown chart below to compare losses from any high point for EMUX.DE and EUPA.DE.
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Drawdown Indicators
| EMUX.DE | EUPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.44% | -10.28% | -28.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.23% | -8.44% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -15.03% | -10.28% | -4.75% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | — | — |
Current DrawdownCurrent decline from peak | -0.53% | -2.77% | +2.24% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -1.91% | -3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.28% | +0.54% |
Volatility
EMUX.DE vs. EUPA.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 Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) (EUPA.DE) at 3.63%. This indicates that EMUX.DE's price experiences larger fluctuations and is considered to be riskier than EUPA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMUX.DE | EUPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 3.63% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 11.92% | 9.03% | +2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.51% | 10.84% | +3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 12.40% | +3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 12.40% | +4.19% |
EMUX.DE vs. EUPA.DE - Expense Ratio Comparison
EMUX.DE has a 0.15% expense ratio, which is lower than EUPA.DE's 0.65% expense ratio.
Dividends
EMUX.DE vs. EUPA.DE - Dividend Comparison
Neither EMUX.DE nor EUPA.DE has paid dividends to shareholders.
Frequently Asked Questions
EMUX.DE and EUPA.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
EMUX.DE is cheaper with a 0.15% expense ratio, compared with 0.65% for EUPA.DE.
EMUX.DE tracks MSCI EMU ESG Filtered Min TE, while EUPA.DE tracks Shiller Barclays CAPE® Global Sector. They also come from different issuers: BNP Paribas and Franklin Templeton. Their fees differ too: 0.15% for EMUX.DE and 0.65% for EUPA.DE.
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