ENOA.DE vs. ESEA.DE

Last updated Jun 5, 2026

ENOA.DE (BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF) and ESEA.DE (BNP Paribas Easy S&P 500 UCITS ETF) are both exchange-traded funds - ENOA.DE is a Large Cap Blend Equities fund tracking the MSCI North America ESG Filtered Min TE, while ESEA.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, ENOA.DE returned 13.15%/yr vs 14.54%/yr for ESEA.DE. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.

Performance

ENOA.DE vs. ESEA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF (ENOA.DE) and BNP Paribas Easy S&P 500 UCITS ETF (ESEA.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ENOA.DE is traded in EUR, while ESEA.DE is traded in USD. To make them comparable, the ESEA.DE values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with ENOA.DE having a 11.11% return and ESEA.DE slightly higher at 11.31%.

ENOA.DE

• 1D: -0.05%
• 1M: 5.49%
• YTD: 11.11%
• 6M: 10.93%
• 1Y: 24.64%
• 3Y*: 17.84%
• 5Y*: 13.15%
• 10Y*: —

ESEA.DE

• 1D: -0.11%
• 1M: 5.20%
• YTD: 11.31%
• 6M: 11.29%
• 1Y: 25.47%
• 3Y*: 18.80%
• 5Y*: 14.54%
• 10Y*: —

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

ENOA.DE vs. ESEA.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%	11.31%
ESEA.DE BNP Paribas Easy S&P 500 UCITS ETF	11.31%	4.18%	32.44%	22.22%	-14.52%	41.11%	7.15%	11.44%

Correlation

The correlation between ENOA.DE and ESEA.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	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Aug 14, 2019	0.95

The correlation between ENOA.DE and ESEA.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

ENOA.DE vs. ESEA.DE — Risk / Return Rank

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

ENOA.DE

ENOA.DE Risk / Return Rank: 63
ENOA.DE Sharpe Ratio Rank: 63
ENOA.DE Sortino Ratio Rank: 61
ENOA.DE Omega Ratio Rank: 65
ENOA.DE Calmar Ratio Rank: 65
ENOA.DE Martin Ratio Rank: 63

ESEA.DE

ESEA.DE Risk / Return Rank: 74
ESEA.DE Sharpe Ratio Rank: 73
ESEA.DE Sortino Ratio Rank: 78
ESEA.DE Omega Ratio Rank: 72
ESEA.DE Calmar Ratio Rank: 68
ESEA.DE Martin Ratio Rank: 76

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.

ENOA.DE vs. ESEA.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 S&P 500 UCITS ETF (ESEA.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	ESEA.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.07	2.04	+0.04
Sortino ratio: Return per unit of downside risk	2.84	2.82	+0.03
Omega ratio: Gain probability vs. loss probability	1.38	1.38	+0.01
Calmar ratio: Return relative to maximum drawdown	3.19	3.53	-0.34
Martin ratio: Return relative to average drawdown	11.09	12.07	-0.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ENOA.DE vs. ESEA.DE - Sharpe Ratio Comparison

The current ENOA.DE Sharpe Ratio is 2.07, which is comparable to the ESEA.DE Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of ENOA.DE and ESEA.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

	ENOA.DE	ESEA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	2.04	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.90	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	-0.48	0.88	-1.35

Drawdowns

ENOA.DE vs. ESEA.DE - Drawdown Comparison

The maximum ENOA.DE drawdown since its inception was -96.01%, which is greater than ESEA.DE's maximum drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for ENOA.DE and ESEA.DE.

Drawdown Indicators

	ENOA.DE	ESEA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-96.01%	-33.64%	-62.37%
Max Drawdown (1Y) Largest decline over 1 year	-7.70%	-7.19%	-0.51%
Max Drawdown (3Y) Largest decline over 3 years	-24.02%	-22.79%	-1.23%
Max Drawdown (5Y) Largest decline over 5 years	-24.02%	-22.79%	-1.23%
Current Drawdown Current decline from peak	-87.22%	-0.41%	-86.81%
Average Drawdown Average peak-to-trough decline	-75.96%	-4.87%	-71.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	2.10%	+0.12%

Volatility

ENOA.DE vs. ESEA.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 S&P 500 UCITS ETF (ESEA.DE) has a volatility of 3.03%. This indicates that ENOA.DE experiences smaller price fluctuations and is considered to be less risky than ESEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENOA.DE	ESEA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	3.03%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	7.75%	8.65%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	11.82%	12.45%	-0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.40%	15.91%	-0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.63%	17.81%	+17.82%

ENOA.DE vs. ESEA.DE - Expense Ratio Comparison

Both ENOA.DE and ESEA.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

ENOA.DE vs. ESEA.DE - Dividend Comparison

ENOA.DE has not paid dividends to shareholders, while ESEA.DE's dividend yield for the trailing twelve months is around 1.06%.

Position	TTM	2025	2024	2023	2022	2021	2020
ENOA.DE BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ESEA.DE BNP Paribas Easy S&P 500 UCITS ETF	1.06%	0.76%	0.65%	0.00%	1.08%	0.64%	0.67%

Frequently Asked Questions

Can I hold both ENOA.DE and ESEA.DE in my portfolio?

With a correlation of 0.93, ENOA.DE and ESEA.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, ENOA.DE or ESEA.DE?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ENOA.DE or ESEA.DE?

ENOA.DE and ESEA.DE have the same expense ratio: 0.15% per year.

What is the main difference between ENOA.DE and ESEA.DE?

ENOA.DE is categorized as Large Cap Blend Equities, while ESEA.DE is S&P 500. ENOA.DE tracks MSCI North America ESG Filtered Min TE, while ESEA.DE tracks S&P 500 Index.