ESAE.DE vs. ESEH.DE

Last updated Jul 31, 2026

ESAE.DE (BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc) and ESEH.DE (BNP Paribas Easy S&P 500 UCITS ETF EUR H) are both exchange-traded funds - ESAE.DE is a Global Equities fund tracking the MSCI World Equal Weighted Ex Business Involvement Screens Select Index, while ESEH.DE is a S&P 500 fund tracking the S&P 500 Composite (EUR Hedged) Net Return Index. Both are passively managed. Over the past year, ESAE.DE returned 18.45% vs 13.80% for ESEH.DE. Their 0.70 correlation means they have sometimes moved together and sometimes differently. ESAE.DE charges 0.20%/yr vs 0.14%/yr for ESEH.DE.

Performance

ESAE.DE vs. ESEH.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc (ESAE.DE) and BNP Paribas Easy S&P 500 UCITS ETF EUR H (ESEH.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESAE.DE achieves a 13.37% return, which is significantly higher than ESEH.DE's 5.88% return.

ESAE.DE

• 1D: 0.00%
• 1M: 2.61%
• 6M: 11.80%
• YTD: 13.37%
• 1Y: 18.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.29%

ESEH.DE

• 1D: 0.13%
• 1M: -1.42%
• 6M: 6.03%
• YTD: 5.88%
• 1Y: 13.80%
• 3Y*: 15.74%
• 5Y*: 9.51%
• 10Y*: 12.15%
• ALL TIME*: 11.75%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ESAE.DE BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc	€33.11K	€25.31K	€29.51K
ESEH.DE BNP Paribas Easy S&P 500 UCITS ETF EUR H	€467.60K	€480.73K	€479.19K

ESAE.DE vs. ESEH.DE - Yearly Performance Comparison

	2026 (YTD)	2025
ESAE.DE BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc	13.37%	7.30%
ESEH.DE BNP Paribas Easy S&P 500 UCITS ETF EUR H	5.88%	15.57%

Correlation

The correlation between ESAE.DE and ESEH.DE is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (All Time) Calculated using the full available price history since May 30, 2025	0.70

The correlation between ESAE.DE and ESEH.DE has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.

Return for Risk

ESAE.DE vs. ESEH.DE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ESAE.DE

ESAE.DE Risk / Return Rank: 78
ESAE.DE Sharpe Ratio Rank: 74
ESAE.DE Sortino Ratio Rank: 76
ESAE.DE Omega Ratio Rank: 80
ESAE.DE Calmar Ratio Rank: 79
ESAE.DE Martin Ratio Rank: 82

ESEH.DE

ESEH.DE Risk / Return Rank: 47
ESEH.DE Sharpe Ratio Rank: 46
ESEH.DE Sortino Ratio Rank: 48
ESEH.DE Omega Ratio Rank: 43
ESEH.DE Calmar Ratio Rank: 45
ESEH.DE Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ESAE.DE vs. ESEH.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc (ESAE.DE) and BNP Paribas Easy S&P 500 UCITS ETF EUR H (ESEH.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ESAE.DE	ESEH.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.12	+0.50
Sortino ratio: Return per unit of downside risk	2.35	1.70	+0.65
Omega ratio: Gain probability vs. loss probability	1.32	1.20	+0.12
Calmar ratio: Return relative to maximum drawdown	2.74	1.59	+1.15
Martin ratio: Return relative to average drawdown	10.61	6.14	+4.46

ESAE.DE vs. ESEH.DE - Sharpe Ratio Comparison

The current ESAE.DE Sharpe Ratio is 1.63, which is higher than the ESEH.DE Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of ESAE.DE and ESEH.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.

Drawdowns

ESAE.DE vs. ESEH.DE - Drawdown Comparison

The maximum ESAE.DE drawdown since its inception was -6.70%, smaller than the maximum ESEH.DE drawdown of -94.54%. Use the drawdown chart below to compare losses from any high point for ESAE.DE and ESEH.DE.

Drawdown Indicators

	ESAE.DE	ESEH.DE	Difference
Max Drawdown Largest peak-to-trough decline	-6.70%	-94.54%	+87.84%
Max Drawdown (1Y) Largest decline over 1 year	-6.70%	-8.66%	+1.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.51%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-94.54%	—
Current Drawdown Current decline from peak	-0.11%	-82.88%	+82.77%
Average Drawdown Average peak-to-trough decline	-1.09%	-68.25%	+67.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	2.23%	-0.50%

Volatility

ESAE.DE vs. ESEH.DE - Volatility Comparison

The current volatility for BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc (ESAE.DE) is 2.66%, while BNP Paribas Easy S&P 500 UCITS ETF EUR H (ESEH.DE) has a volatility of 3.14%. This indicates that ESAE.DE experiences smaller price fluctuations and is considered to be less risky than ESEH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESAE.DE	ESEH.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	3.14%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	7.77%	9.33%	-1.56%
Volatility (1Y) Calculated over the trailing 1-year period	11.29%	12.22%	-0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.01%	16.01%	-5.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.01%	410.51%	-399.50%

ESAE.DE vs. ESEH.DE - Expense Ratio Comparison

ESAE.DE has a 0.20% expense ratio, which is higher than ESEH.DE's 0.14% 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

ESAE.DE vs. ESEH.DE - Dividend Comparison

Neither ESAE.DE nor ESEH.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ESAE.DE and ESEH.DE in my portfolio?

ESAE.DE and ESEH.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESAE.DE or ESEH.DE?

On fees, ESEH.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESAE.DE or ESEH.DE?

ESEH.DE is cheaper with a 0.14% expense ratio, compared with 0.20% for ESAE.DE.

What is the main difference between ESAE.DE and ESEH.DE?

ESAE.DE is categorized as Global Equities, while ESEH.DE is S&P 500. ESAE.DE tracks MSCI World Equal Weighted Ex Business Involvement Screens Select Index, while ESEH.DE tracks S&P 500 Composite (EUR Hedged) Net Return Index. Their fees differ too: 0.20% for ESAE.DE and 0.14% for ESEH.DE.