ESAD.DE vs. VLEU.DE

Last updated Jun 5, 2026

ESAD.DE (BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation) and VLEU.DE (BNP Paribas Easy ESG Low Volatility Europe UCITS ETF) are both exchange-traded funds - ESAD.DE is a REIT fund tracking the FTSE EPRA Nareit Developed Green EU CTB, while VLEU.DE is a Europe Equities fund tracking the BNP Paribas Low Vol Europe ESG. Both are passively managed. Over the past 3 years, ESAD.DE returned 4.85%/yr vs 10.05%/yr for VLEU.DE. At a 0.46 correlation, their price movements are largely independent. ESAD.DE charges 0.41%/yr vs 0.30%/yr for VLEU.DE.

Performance

ESAD.DE vs. VLEU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.DE) and BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLEU.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESAD.DE achieves a 7.67% return, which is significantly higher than VLEU.DE's 4.90% return.

ESAD.DE

• 1D: 0.00%
• 1M: -0.65%
• YTD: 7.67%
• 6M: 6.84%
• 1Y: 7.43%
• 3Y*: 4.85%
• 5Y*: —
• 10Y*: —

VLEU.DE

• 1D: 0.81%
• 1M: 0.97%
• YTD: 4.90%
• 6M: 6.83%
• 1Y: 6.35%
• 3Y*: 10.05%
• 5Y*: 7.63%
• 10Y*: —

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

ESAD.DE vs. VLEU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ESAD.DE BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation	7.67%	-3.81%	3.54%	7.64%	-19.66%
VLEU.DE BNP Paribas Easy ESG Low Volatility Europe UCITS ETF	4.90%	12.78%	10.91%	11.65%	-4.95%

Correlation

The correlation between ESAD.DE and VLEU.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	0.45
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022	0.46

The correlation between ESAD.DE and VLEU.DE shifts across timeframes, from 0.45 (3 years) to 0.61 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ESAD.DE vs. VLEU.DE — Risk / Return Rank

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

ESAD.DE

ESAD.DE Risk / Return Rank: 20
ESAD.DE Sharpe Ratio Rank: 20
ESAD.DE Sortino Ratio Rank: 19
ESAD.DE Omega Ratio Rank: 18
ESAD.DE Calmar Ratio Rank: 20
ESAD.DE Martin Ratio Rank: 22

VLEU.DE

VLEU.DE Risk / Return Rank: 18
VLEU.DE Sharpe Ratio Rank: 18
VLEU.DE Sortino Ratio Rank: 18
VLEU.DE Omega Ratio Rank: 18
VLEU.DE Calmar Ratio Rank: 17
VLEU.DE Martin Ratio Rank: 18

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.

ESAD.DE vs. VLEU.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.DE) and BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLEU.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.

	ESAD.DE	VLEU.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.63	0.55	+0.08
Sortino ratio: Return per unit of downside risk	0.96	0.84	+0.11
Omega ratio: Gain probability vs. loss probability	1.12	1.11	+0.01
Calmar ratio: Return relative to maximum drawdown	0.90	0.62	+0.27
Martin ratio: Return relative to average drawdown	2.70	1.83	+0.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESAD.DE vs. VLEU.DE - Sharpe Ratio Comparison

The current ESAD.DE Sharpe Ratio is 0.63, which is comparable to the VLEU.DE Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of ESAD.DE and VLEU.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

	ESAD.DE	VLEU.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.63	0.55	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	0.76	-0.88

Drawdowns

ESAD.DE vs. VLEU.DE - Drawdown Comparison

The maximum ESAD.DE drawdown since its inception was -30.37%, smaller than the maximum VLEU.DE drawdown of -32.22%. Use the drawdown chart below to compare losses from any high point for ESAD.DE and VLEU.DE.

Drawdown Indicators

	ESAD.DE	VLEU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-30.37%	-32.22%	+1.85%
Max Drawdown (1Y) Largest decline over 1 year	-8.26%	-10.14%	+1.88%
Max Drawdown (3Y) Largest decline over 3 years	-17.22%	-12.56%	-4.66%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.89%	—
Current Drawdown Current decline from peak	-11.52%	-4.49%	-7.03%
Average Drawdown Average peak-to-trough decline	-17.56%	-5.37%	-12.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	3.46%	-0.71%

Volatility

ESAD.DE vs. VLEU.DE - Volatility Comparison

The current volatility for BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.DE) is 2.98%, while BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLEU.DE) has a volatility of 3.76%. This indicates that ESAD.DE experiences smaller price fluctuations and is considered to be less risky than VLEU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESAD.DE	VLEU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	3.76%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	9.58%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	11.74%	11.54%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.78%	14.47%	+0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.78%	16.57%	-1.79%

ESAD.DE vs. VLEU.DE - Expense Ratio Comparison

ESAD.DE has a 0.41% expense ratio, which is higher than VLEU.DE's 0.30% expense ratio.

Dividends

ESAD.DE vs. VLEU.DE - Dividend Comparison

Neither ESAD.DE nor VLEU.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ESAD.DE and VLEU.DE in my portfolio?

ESAD.DE and VLEU.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.

Which ETF is better, ESAD.DE or VLEU.DE?

On fees, VLEU.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESAD.DE or VLEU.DE?

VLEU.DE is cheaper with a 0.30% expense ratio, compared with 0.41% for ESAD.DE.

What is the main difference between ESAD.DE and VLEU.DE?

ESAD.DE is categorized as REIT, while VLEU.DE is Europe Equities. ESAD.DE tracks FTSE EPRA Nareit Developed Green EU CTB, while VLEU.DE tracks BNP Paribas Low Vol Europe ESG. Their fees differ too: 0.41% for ESAD.DE and 0.30% for VLEU.DE.