ESAP.DE vs. ASRW.DE

Last updated Jun 5, 2026

ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) and ASRW.DE (BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF USD Acc) are both exchange-traded funds - ESAP.DE is a S&P 500 fund tracking the S&P 500 Index, while ASRW.DE is a Global Equities fund tracking the MSCI World ESG Filtered Min TE. Both are passively managed. Over the past 3 years, ESAP.DE returned 21.99%/yr vs 20.46%/yr for ASRW.DE. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.

Performance

ESAP.DE vs. ASRW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) and BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF USD Acc (ASRW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESAP.DE achieves a 10.03% return, which is significantly higher than ASRW.DE's 9.41% return.

ESAP.DE

• 1D: 0.01%
• 1M: 4.49%
• YTD: 10.03%
• 6M: 10.96%
• 1Y: 27.63%
• 3Y*: 21.99%
• 5Y*: 13.64%
• 10Y*: —

ASRW.DE

• 1D: 0.12%
• 1M: 4.11%
• YTD: 9.41%
• 6M: 10.89%
• 1Y: 25.63%
• 3Y*: 20.46%
• 5Y*: —
• 10Y*: —

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

ESAP.DE vs. ASRW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD	10.03%	17.48%	24.85%	26.98%	4.43%
ASRW.DE BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF USD Acc	9.41%	20.73%	18.27%	21.79%	8.82%

Correlation

The correlation between ESAP.DE and ASRW.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 27, 2022	0.88

The correlation between ESAP.DE and ASRW.DE has been stable across timeframes, ranging from 0.88 to 0.97 - a consistent structural relationship.

Return for Risk

ESAP.DE vs. ASRW.DE — Risk / Return Rank

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

ESAP.DE

ESAP.DE Risk / Return Rank: 73
ESAP.DE Sharpe Ratio Rank: 73
ESAP.DE Sortino Ratio Rank: 77
ESAP.DE Omega Ratio Rank: 72
ESAP.DE Calmar Ratio Rank: 68
ESAP.DE Martin Ratio Rank: 76

ASRW.DE

ASRW.DE Risk / Return Rank: 66
ASRW.DE Sharpe Ratio Rank: 64
ASRW.DE Sortino Ratio Rank: 71
ASRW.DE Omega Ratio Rank: 64
ASRW.DE Calmar Ratio Rank: 61
ASRW.DE Martin Ratio Rank: 69

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.

ESAP.DE vs. ASRW.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 BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF USD Acc (ASRW.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.

	ESAP.DE	ASRW.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.10	+0.24
Sortino ratio: Return per unit of downside risk	3.41	3.16	+0.25
Omega ratio: Gain probability vs. loss probability	1.42	1.38	+0.04
Calmar ratio: Return relative to maximum drawdown	3.35	2.98	+0.37
Martin ratio: Return relative to average drawdown	14.32	12.66	+1.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESAP.DE vs. ASRW.DE - Sharpe Ratio Comparison

The current ESAP.DE Sharpe Ratio is 2.34, which is comparable to the ASRW.DE Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of ESAP.DE and ASRW.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

	ESAP.DE	ASRW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	2.10	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	1.54	-0.66

Drawdowns

ESAP.DE vs. ASRW.DE - Drawdown Comparison

The maximum ESAP.DE drawdown since its inception was -34.23%, which is greater than ASRW.DE's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for ESAP.DE and ASRW.DE.

Drawdown Indicators

	ESAP.DE	ASRW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.23%	-16.82%	-17.41%
Max Drawdown (1Y) Largest decline over 1 year	-8.20%	-8.56%	+0.36%
Max Drawdown (3Y) Largest decline over 3 years	-18.69%	-16.82%	-1.87%
Max Drawdown (5Y) Largest decline over 5 years	-24.33%	—	—
Current Drawdown Current decline from peak	-0.56%	-0.46%	-0.10%
Average Drawdown Average peak-to-trough decline	-5.37%	-2.02%	-3.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	2.02%	-0.09%

Volatility

ESAP.DE vs. ASRW.DE - Volatility Comparison

The current volatility for BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) is 3.09%, while BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF USD Acc (ASRW.DE) has a volatility of 3.35%. This indicates that ESAP.DE experiences smaller price fluctuations and is considered to be less risky than ASRW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESAP.DE	ASRW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.09%	3.35%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	8.58%	9.44%	-0.86%
Volatility (1Y) Calculated over the trailing 1-year period	11.76%	12.17%	-0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.01%	14.04%	+1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.99%	14.04%	+3.95%

ESAP.DE vs. ASRW.DE - Expense Ratio Comparison

Both ESAP.DE and ASRW.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. ASRW.DE - Dividend Comparison

Neither ESAP.DE nor ASRW.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ESAP.DE and ASRW.DE in my portfolio?

With a correlation of 0.97, ESAP.DE and ASRW.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, ESAP.DE or ASRW.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, ESAP.DE or ASRW.DE?

ESAP.DE and ASRW.DE have the same expense ratio: 0.15% per year.

What is the main difference between ESAP.DE and ASRW.DE?

ESAP.DE is categorized as S&P 500, while ASRW.DE is Global Equities. ESAP.DE tracks S&P 500 Index, while ASRW.DE tracks MSCI World ESG Filtered Min TE.