ENOA.DE vs. EMWE.DE
ENOA.DE (BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF) and EMWE.DE (BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) are both exchange-traded funds - ENOA.DE is a Large Cap Blend Equities fund tracking the MSCI North America ESG Filtered Min TE, while EMWE.DE is a Global Equities fund tracking the MSCI World SRI S-Series PAB 5% Capped. Both are passively managed. Over the past 5 years, ENOA.DE returned 13.15%/yr vs 8.57%/yr for EMWE.DE. Their correlation of 0.91 suggests significant overlap in exposure. ENOA.DE charges 0.15%/yr vs 0.25%/yr for EMWE.DE.
Performance
ENOA.DE vs. EMWE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ENOA.DE achieves a 11.11% return, which is significantly higher than EMWE.DE's 9.24% return.
ENOA.DE
- 1D
- -0.05%
- 1M
- 4.58%
- YTD
- 11.11%
- 6M
- 10.37%
- 1Y
- 24.56%
- 3Y*
- 17.84%
- 5Y*
- 13.15%
- 10Y*
- —
EMWE.DE
- 1D
- 0.48%
- 1M
- 4.25%
- YTD
- 9.24%
- 6M
- 9.11%
- 1Y
- 14.14%
- 3Y*
- 10.15%
- 5Y*
- 8.57%
- 10Y*
- —
ENOA.DE vs. EMWE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 34.01% | -95.57% | 5.89% |
EMWE.DE BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc | 9.24% | 0.19% | 15.43% | 14.90% | -16.11% | 38.30% | 11.27% | 31.39% | -5.44% | 4.98% |
Correlation
The correlation between ENOA.DE and EMWE.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2017 | 0.91 |
The correlation between ENOA.DE and EMWE.DE has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.
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Return for Risk
ENOA.DE vs. EMWE.DE — Risk / Return Rank
ENOA.DE
EMWE.DE
ENOA.DE vs. EMWE.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 BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (EMWE.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 | EMWE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.22 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 1.69 | +1.50 |
| Martin ratioReturn relative to average drawdown | 11.09 | 6.10 | +4.98 |
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 | EMWE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.19 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.59 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.48 | 0.70 | -1.17 |
Drawdowns
ENOA.DE vs. EMWE.DE - Drawdown Comparison
The maximum ENOA.DE drawdown since its inception was -96.01%, which is greater than EMWE.DE's maximum drawdown of -31.05%. Use the drawdown chart below to compare losses from any high point for ENOA.DE and EMWE.DE.
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Drawdown Indicators
| ENOA.DE | EMWE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.01% | -31.05% | -64.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.70% | -8.26% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -24.02% | -20.00% | -4.02% |
Max Drawdown (5Y)Largest decline over 5 years | -24.02% | -20.79% | -3.23% |
Current DrawdownCurrent decline from peak | -87.22% | 0.00% | -87.22% |
Average DrawdownAverage peak-to-trough decline | -75.96% | -5.28% | -70.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 2.29% | -0.07% |
Volatility
ENOA.DE vs. EMWE.DE - Volatility Comparison
The current volatility for BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF (ENOA.DE) is 2.73%, while BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (EMWE.DE) has a volatility of 2.93%. This indicates that ENOA.DE experiences smaller price fluctuations and is considered to be less risky than EMWE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENOA.DE | EMWE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 2.93% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 7.75% | 8.57% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.82% | 11.74% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.40% | 14.46% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.63% | 15.52% | +20.11% |
ENOA.DE vs. EMWE.DE - Expense Ratio Comparison
ENOA.DE has a 0.15% expense ratio, which is lower than EMWE.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
ENOA.DE vs. EMWE.DE - Dividend Comparison
Neither ENOA.DE nor EMWE.DE has paid dividends to shareholders.
Frequently Asked Questions
ENOA.DE and EMWE.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENOA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENOA.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for EMWE.DE.
ENOA.DE is categorized as Large Cap Blend Equities, while EMWE.DE is Global Equities. ENOA.DE tracks MSCI North America ESG Filtered Min TE, while EMWE.DE tracks MSCI World SRI S-Series PAB 5% Capped. Their fees differ too: 0.15% for ENOA.DE and 0.25% for EMWE.DE.
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