ESAP.DE vs. BJLM.DE
ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) and BJLM.DE (BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation) are both exchange-traded funds - ESAP.DE is a S&P 500 fund tracking the S&P 500 Index, while BJLM.DE is a European Government Bonds fund actively managed by BNP Paribas. ESAP.DE is passively managed, while BJLM.DE is actively managed. Over the past year, ESAP.DE returned 27.63% vs 1.58% for BJLM.DE. At a 0.18 correlation, their price movements are largely independent. ESAP.DE charges 0.15%/yr vs 0.12%/yr for BJLM.DE.
Performance
ESAP.DE vs. BJLM.DE - Performance Comparison
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Different Trading Currencies
ESAP.DE is traded in USD, while BJLM.DE is traded in EUR. To make them comparable, the BJLM.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 10.03% return, which is significantly higher than BJLM.DE's -1.06% 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*
- —
BJLM.DE
- 1D
- 0.20%
- 1M
- -0.17%
- YTD
- -1.06%
- 6M
- -0.28%
- 1Y
- 1.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESAP.DE vs. BJLM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD | 10.03% | 17.48% | 19.95% |
BJLM.DE BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation | -1.06% | 13.51% | -1.77% |
Correlation
The correlation between ESAP.DE and BJLM.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2024 | 0.18 |
The correlation between ESAP.DE and BJLM.DE shifts across timeframes, from 0.18 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ESAP.DE vs. BJLM.DE — Risk / Return Rank
ESAP.DE
BJLM.DE
ESAP.DE vs. BJLM.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 Sustainable EUR Government Bond UCITS ETF EUR Capitalisation (BJLM.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 | BJLM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.04 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 0.26 | +3.10 |
| Martin ratioReturn relative to average drawdown | 14.32 | 0.64 | +13.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ESAP.DE | BJLM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 0.18 | +2.16 |
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 | 0.49 | +0.39 |
Drawdowns
ESAP.DE vs. BJLM.DE - Drawdown Comparison
The maximum ESAP.DE drawdown since its inception was -34.23%, which is greater than BJLM.DE's maximum drawdown of -9.91%. Use the drawdown chart below to compare losses from any high point for ESAP.DE and BJLM.DE.
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Drawdown Indicators
| ESAP.DE | BJLM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.23% | -9.91% | -24.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -6.16% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.33% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -4.00% | +3.44% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -2.61% | -2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.45% | -0.52% |
Volatility
ESAP.DE vs. BJLM.DE - Volatility Comparison
BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) has a higher volatility of 3.09% compared to BNP Paribas Easy Sustainable EUR Government Bond UCITS ETF EUR Capitalisation (BJLM.DE) at 2.52%. This indicates that ESAP.DE's price experiences larger fluctuations and is considered to be riskier than BJLM.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 | BJLM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 2.52% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 8.58% | 6.54% | +2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.76% | 8.54% | +3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 8.92% | +7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 8.92% | +9.07% |
ESAP.DE vs. BJLM.DE - Expense Ratio Comparison
ESAP.DE has a 0.15% expense ratio, which is higher than BJLM.DE's 0.12% 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
ESAP.DE vs. BJLM.DE - Dividend Comparison
Neither ESAP.DE nor BJLM.DE has paid dividends to shareholders.
Frequently Asked Questions
ESAP.DE and BJLM.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BJLM.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BJLM.DE is cheaper with a 0.12% expense ratio, compared with 0.15% for ESAP.DE.
ESAP.DE is categorized as S&P 500, while BJLM.DE is European Government Bonds. Their fees differ too: 0.15% for ESAP.DE and 0.12% for BJLM.DE.
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