ESAP.DE vs. PAC.DE
ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) and PAC.DE (BNP Paribas Easy MSCI Pacific ex Japan ESG Filtered Min TE UCITS ETF) are both exchange-traded funds - ESAP.DE is a S&P 500 fund tracking the S&P 500 Index, while PAC.DE is a Asia Pacific Equities fund tracking the MSCI Pacific ex Japan ESG Filtered Min TE. Both are passively managed. Over the past 5 years, ESAP.DE returned 13.64%/yr vs 4.99%/yr for PAC.DE. A 0.69 correlation means they provide meaningful diversification when combined. ESAP.DE charges 0.15%/yr vs 0.16%/yr for PAC.DE.
Performance
ESAP.DE vs. PAC.DE - Performance Comparison
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Different Trading Currencies
ESAP.DE is traded in USD, while PAC.DE is traded in EUR. To make them comparable, the PAC.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 PAC.DE's 6.76% 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*
- —
PAC.DE
- 1D
- -0.73%
- 1M
- -0.75%
- YTD
- 6.76%
- 6M
- 9.27%
- 1Y
- 14.64%
- 3Y*
- 12.62%
- 5Y*
- 4.99%
- 10Y*
- —
ESAP.DE vs. PAC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD | 10.03% | 17.48% | 24.85% | 26.98% | -19.18% | 29.97% | 17.65% | 4.91% |
PAC.DE BNP Paribas Easy MSCI Pacific ex Japan ESG Filtered Min TE UCITS ETF | 6.76% | 20.49% | 5.66% | 5.62% | -5.04% | 3.95% | 6.85% | 1.13% |
Correlation
The correlation between ESAP.DE and PAC.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | 0.69 |
The correlation between ESAP.DE and PAC.DE has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.
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Return for Risk
ESAP.DE vs. PAC.DE — Risk / Return Rank
ESAP.DE
PAC.DE
ESAP.DE vs. PAC.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 Pacific ex Japan ESG Filtered Min TE UCITS ETF (PAC.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 | PAC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.19 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 1.67 | +1.69 |
| Martin ratioReturn relative to average drawdown | 14.32 | 5.13 | +9.18 |
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 | PAC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 1.07 | +1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.29 | +0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.43 | +0.46 |
Drawdowns
ESAP.DE vs. PAC.DE - Drawdown Comparison
The maximum ESAP.DE drawdown since its inception was -34.23%, smaller than the maximum PAC.DE drawdown of -38.96%. Use the drawdown chart below to compare losses from any high point for ESAP.DE and PAC.DE.
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Drawdown Indicators
| ESAP.DE | PAC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.23% | -38.96% | +4.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -8.76% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | -18.43% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -24.33% | -24.06% | -0.27% |
Current DrawdownCurrent decline from peak | -0.56% | -3.76% | +3.20% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -6.46% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.84% | -0.91% |
Volatility
ESAP.DE vs. PAC.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 Pacific ex Japan ESG Filtered Min TE UCITS ETF (PAC.DE) has a volatility of 3.53%. This indicates that ESAP.DE experiences smaller price fluctuations and is considered to be less risky than PAC.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 | PAC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 3.53% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 8.58% | 10.76% | -2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.76% | 13.63% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 16.85% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 17.74% | +0.25% |
ESAP.DE vs. PAC.DE - Expense Ratio Comparison
ESAP.DE has a 0.15% expense ratio, which is lower than PAC.DE's 0.16% expense ratio. Despite the difference, 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. PAC.DE - Dividend Comparison
Neither ESAP.DE nor PAC.DE has paid dividends to shareholders.
Frequently Asked Questions
ESAP.DE and PAC.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESAP.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESAP.DE is cheaper with a 0.15% expense ratio, compared with 0.16% for PAC.DE.
ESAP.DE is categorized as S&P 500, while PAC.DE is Asia Pacific Equities. ESAP.DE tracks S&P 500 Index, while PAC.DE tracks MSCI Pacific ex Japan ESG Filtered Min TE. Their fees differ too: 0.15% for ESAP.DE and 0.16% for PAC.DE.
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