ENOA.DE vs. BBUS.DE
ENOA.DE (BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF) and BBUS.DE (JPMorgan BetaBuilders US Equity UCITS ETF (Acc)) are both Large Cap Blend Equities funds - ENOA.DE tracks the MSCI North America ESG Filtered Min TE while BBUS.DE tracks the Morningstar US Target Market Exposure. Both are passively managed. Over the past 5 years, ENOA.DE returned 13.15%/yr vs 14.33%/yr for BBUS.DE. With a 0.99 correlation, they move nearly in lockstep. ENOA.DE charges 0.15%/yr vs 0.05%/yr for BBUS.DE.
Performance
ENOA.DE vs. BBUS.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ENOA.DE having a 11.11% return and BBUS.DE slightly higher at 11.12%.
ENOA.DE
- 1D
- -0.05%
- 1M
- 4.58%
- YTD
- 11.11%
- 6M
- 10.37%
- 1Y
- 24.56%
- 3Y*
- 17.84%
- 5Y*
- 13.15%
- 10Y*
- —
BBUS.DE
- 1D
- -0.05%
- 1M
- 4.40%
- YTD
- 11.12%
- 6M
- 10.48%
- 1Y
- 25.00%
- 3Y*
- 18.93%
- 5Y*
- 14.33%
- 10Y*
- —
ENOA.DE vs. BBUS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ENOA.DE BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF | 11.11% | 3.55% | 30.16% | 20.47% | -15.59% | 38.32% | 9.00% | 13.61% |
BBUS.DE JPMorgan BetaBuilders US Equity UCITS ETF (Acc) | 11.12% | 4.72% | 32.23% | 23.40% | -15.59% | 38.84% | 9.02% | 14.07% |
Correlation
The correlation between ENOA.DE and BBUS.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019 | 0.99 |
The correlation between ENOA.DE and BBUS.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
ENOA.DE vs. BBUS.DE — Risk / Return Rank
ENOA.DE
BBUS.DE
ENOA.DE vs. BBUS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF (ENOA.DE) and JPMorgan BetaBuilders US Equity UCITS ETF (Acc) (BBUS.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.
| ENOA.DE | BBUS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.40 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 3.38 | -0.19 |
| Martin ratioReturn relative to average drawdown | 11.09 | 11.81 | -0.72 |
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
| ENOA.DE | BBUS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 2.14 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.92 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.48 | 0.88 | -1.36 |
Drawdowns
ENOA.DE vs. BBUS.DE - Drawdown Comparison
The maximum ENOA.DE drawdown since its inception was -96.01%, which is greater than BBUS.DE's maximum drawdown of -34.09%. Use the drawdown chart below to compare losses from any high point for ENOA.DE and BBUS.DE.
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Drawdown Indicators
| ENOA.DE | BBUS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.01% | -34.09% | -61.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.70% | -7.38% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -24.02% | -23.46% | -0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -24.02% | -23.46% | -0.56% |
Current DrawdownCurrent decline from peak | -87.22% | -0.37% | -86.85% |
Average DrawdownAverage peak-to-trough decline | -75.96% | -4.79% | -71.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 2.12% | +0.10% |
Volatility
ENOA.DE vs. BBUS.DE - Volatility Comparison
BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF (ENOA.DE) and JPMorgan BetaBuilders US Equity UCITS ETF (Acc) (BBUS.DE) have volatilities of 2.73% and 2.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENOA.DE | BBUS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 2.68% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.75% | 7.68% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.82% | 11.64% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.40% | 15.34% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.63% | 17.18% | +18.45% |
ENOA.DE vs. BBUS.DE - Expense Ratio Comparison
ENOA.DE has a 0.15% expense ratio, which is higher than BBUS.DE's 0.05% 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
ENOA.DE vs. BBUS.DE - Dividend Comparison
Neither ENOA.DE nor BBUS.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, ENOA.DE and BBUS.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.
On fees, BBUS.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBUS.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for ENOA.DE.
ENOA.DE tracks MSCI North America ESG Filtered Min TE, while BBUS.DE tracks Morningstar US Target Market Exposure. They also come from different issuers: BNP Paribas and JPMorgan. Their fees differ too: 0.15% for ENOA.DE and 0.05% for BBUS.DE.
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