ESAE.DE vs. ETLQ.DE
ESAE.DE (BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc) and ETLQ.DE (L&G Global Equity UCITS ETF) are both Global Equities funds - ESAE.DE tracks the MSCI World Equal Weighted Ex Business Involvement Screens Select Index while ETLQ.DE tracks the Solactive Core Developed Markets Large & Mid Cap. Both are passively managed. Over the past year, ESAE.DE returned 18.45% vs 18.31% for ETLQ.DE. Their 0.80 correlation means they have sometimes moved together and sometimes differently. ESAE.DE charges 0.20%/yr vs 0.10%/yr for ETLQ.DE.
Performance
ESAE.DE vs. ETLQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESAE.DE achieves a 13.37% return, which is significantly higher than ETLQ.DE's 10.72% 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%
ETLQ.DE
- 1D
- -0.42%
- 1M
- -1.01%
- 6M
- 11.14%
- YTD
- 10.72%
- 1Y
- 18.31%
- 3Y*
- 16.37%
- 5Y*
- 11.88%
- 10Y*
- —
- ALL TIME*
- 14.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| €33.11K | €25.31K | €29.51K | |
ETLQ.DE L&G Global Equity UCITS ETF | €379.99K | €286.09K | €390.96K |
ESAE.DE vs. ETLQ.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% |
ETLQ.DE L&G Global Equity UCITS ETF | 10.72% | 12.66% |
Correlation
The correlation between ESAE.DE and ETLQ.DE is 0.79, 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. | 0.79 |
Correlation (All Time) Calculated using the full available price history since May 30, 2025 | 0.80 |
The correlation between ESAE.DE and ETLQ.DE has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.
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Return for Risk
ESAE.DE vs. ETLQ.DE — Risk / Return Rank
ESAE.DE
ETLQ.DE
ESAE.DE vs. ETLQ.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 L&G Global Equity UCITS ETF (ETLQ.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 | ETLQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.69 | +0.05 |
| Martin ratioReturn relative to average drawdown | 10.61 | 10.41 | +0.20 |
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Drawdowns
ESAE.DE vs. ETLQ.DE - Drawdown Comparison
The maximum ESAE.DE drawdown since its inception was -6.70%, smaller than the maximum ETLQ.DE drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for ESAE.DE and ETLQ.DE.
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Drawdown Indicators
| ESAE.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.70% | -33.33% | +26.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.70% | -6.79% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.61% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.61% | — |
Current DrawdownCurrent decline from peak | -0.11% | -2.13% | +2.02% |
Average DrawdownAverage peak-to-trough decline | -1.09% | -4.30% | +3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 1.72% | +0.01% |
Volatility
ESAE.DE vs. ETLQ.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 L&G Global Equity UCITS ETF (ETLQ.DE) has a volatility of 2.84%. This indicates that ESAE.DE experiences smaller price fluctuations and is considered to be less risky than ETLQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESAE.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 2.84% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.77% | 8.06% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 11.29% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.01% | 14.08% | -3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.01% | 15.70% | -4.69% |
ESAE.DE vs. ETLQ.DE - Expense Ratio Comparison
ESAE.DE has a 0.20% expense ratio, which is higher than ETLQ.DE's 0.10% 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. ETLQ.DE - Dividend Comparison
Neither ESAE.DE nor ETLQ.DE has paid dividends to shareholders.
Frequently Asked Questions
ESAE.DE and ETLQ.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLQ.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLQ.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for ESAE.DE.
ESAE.DE tracks MSCI World Equal Weighted Ex Business Involvement Screens Select Index, while ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap. They also come from different issuers: BNP Paribas Easy and Legal & General. Their fees differ too: 0.20% for ESAE.DE and 0.10% for ETLQ.DE.
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