ESAP.DE vs. 2B7C.DE
ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) and 2B7C.DE (iShares S&P 500 Industrials Sector UCITS ETF) are both exchange-traded funds - ESAP.DE is a S&P 500 fund tracking the S&P 500 Index, while 2B7C.DE is a Industrials Equities fund tracking the S&P 500 Capped 35/20 Industrials. Both are passively managed. Over the past 5 years, ESAP.DE returned 12.74%/yr vs 13.78%/yr for 2B7C.DE. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
ESAP.DE vs. 2B7C.DE - Performance Comparison
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Different Trading Currencies
ESAP.DE is traded in USD, while 2B7C.DE is traded in EUR. To make them comparable, the 2B7C.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESAP.DE achieves a 7.19% return, which is significantly lower than 2B7C.DE's 17.70% return.
ESAP.DE
- 1D
- -0.70%
- 1M
- -1.84%
- YTD
- 7.19%
- 6M
- 7.34%
- 1Y
- 21.95%
- 3Y*
- 20.40%
- 5Y*
- 12.74%
- 10Y*
- —
2B7C.DE
- 1D
- 1.16%
- 1M
- 5.82%
- YTD
- 17.70%
- 6M
- 17.56%
- 1Y
- 28.78%
- 3Y*
- 22.48%
- 5Y*
- 13.78%
- 10Y*
- —
ESAP.DE vs. 2B7C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD | 7.19% | 17.48% | 24.88% | 26.97% | -19.20% | 30.03% | 17.62% | 2.81% |
2B7C.DE iShares S&P 500 Industrials Sector UCITS ETF | 17.70% | 20.72% | 16.66% | 17.37% | -5.63% | 21.68% | 9.19% | 0.26% |
Correlation
The correlation between ESAP.DE and 2B7C.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2019 | 0.75 |
The correlation between ESAP.DE and 2B7C.DE shifts across timeframes, from 0.64 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ESAP.DE vs. 2B7C.DE — Risk / Return Rank
ESAP.DE
2B7C.DE
ESAP.DE vs. 2B7C.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) and iShares S&P 500 Industrials Sector UCITS ETF (2B7C.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.
| ESAP.DE | 2B7C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.72 | -0.06 |
| Martin ratioReturn relative to average drawdown | 10.88 | 10.46 | +0.42 |
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Drawdowns
ESAP.DE vs. 2B7C.DE - Drawdown Comparison
The maximum ESAP.DE drawdown since its inception was -34.28%, smaller than the maximum 2B7C.DE drawdown of -41.91%. Use the drawdown chart below to compare losses from any high point for ESAP.DE and 2B7C.DE.
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Drawdown Indicators
| ESAP.DE | 2B7C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.28% | -41.91% | +7.63% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -10.52% | +2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.70% | -19.68% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -24.34% | -21.22% | -3.12% |
Current DrawdownCurrent decline from peak | -3.12% | 0.00% | -3.12% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -5.65% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.74% | -0.73% |
Volatility
ESAP.DE vs. 2B7C.DE - Volatility Comparison
The current volatility for BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) is 3.89%, while iShares S&P 500 Industrials Sector UCITS ETF (2B7C.DE) has a volatility of 4.48%. This indicates that ESAP.DE experiences smaller price fluctuations and is considered to be less risky than 2B7C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESAP.DE | 2B7C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 4.48% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 9.20% | 11.87% | -2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.06% | 14.89% | -2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.10% | 17.34% | -1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 20.51% | -2.45% |
ESAP.DE vs. 2B7C.DE - Expense Ratio Comparison
Both ESAP.DE and 2B7C.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
ESAP.DE vs. 2B7C.DE - Dividend Comparison
Neither ESAP.DE nor 2B7C.DE has paid dividends to shareholders.
Frequently Asked Questions
ESAP.DE and 2B7C.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ESAP.DE and 2B7C.DE have the same expense ratio: 0.15% per year.
ESAP.DE is categorized as S&P 500, while 2B7C.DE is Industrials Equities. ESAP.DE tracks S&P 500 Index, while 2B7C.DE tracks S&P 500 Capped 35/20 Industrials. They also come from different issuers: BNP Paribas and iShares.
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