ESAP.DE vs. SPY1.DE
ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) and SPY1.DE (SPDR S&P 500 Low Volatility UCITS ETF) are both S&P 500 funds - ESAP.DE tracks the S&P 500 Index while SPY1.DE tracks the S&P 500 Low Volatility. Both are passively managed. Over the past 5 years, ESAP.DE returned 13.64%/yr vs 4.98%/yr for SPY1.DE. A 0.53 correlation means they provide meaningful diversification when combined. ESAP.DE charges 0.15%/yr vs 0.35%/yr for SPY1.DE.
Performance
ESAP.DE vs. SPY1.DE - Performance Comparison
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Different Trading Currencies
ESAP.DE is traded in USD, while SPY1.DE is traded in EUR. To make them comparable, the SPY1.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 SPY1.DE's 0.83% 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*
- —
SPY1.DE
- 1D
- -0.06%
- 1M
- -2.01%
- YTD
- 0.83%
- 6M
- 1.44%
- 1Y
- 0.16%
- 3Y*
- 7.13%
- 5Y*
- 4.98%
- 10Y*
- 7.59%
ESAP.DE vs. SPY1.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% |
SPY1.DE SPDR S&P 500 Low Volatility UCITS ETF | 0.83% | 4.70% | 13.57% | -0.88% | -4.62% | 24.08% | -1.96% | 2.46% |
Correlation
The correlation between ESAP.DE and SPY1.DE is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | 0.53 |
Over the past year, the correlation between ESAP.DE and SPY1.DE has dropped to 0.05 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
ESAP.DE vs. SPY1.DE — Risk / Return Rank
ESAP.DE
SPY1.DE
ESAP.DE vs. SPY1.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 SPDR S&P 500 Low Volatility UCITS ETF (SPY1.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 | SPY1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.32 | ||
| Sortino ratioReturn per unit of downside risk | +3.32 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.01 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 0.02 | +3.33 |
| Martin ratioReturn relative to average drawdown | 14.32 | 0.05 | +14.26 |
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 | SPY1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 0.02 | +2.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.40 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.66 | +0.22 |
Drawdowns
ESAP.DE vs. SPY1.DE - Drawdown Comparison
The maximum ESAP.DE drawdown since its inception was -34.23%, roughly equal to the maximum SPY1.DE drawdown of -35.94%. Use the drawdown chart below to compare losses from any high point for ESAP.DE and SPY1.DE.
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Drawdown Indicators
| ESAP.DE | SPY1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.23% | -35.94% | +1.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -7.24% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | -11.10% | -7.59% |
Max Drawdown (5Y)Largest decline over 5 years | -24.33% | -17.12% | -7.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.94% | — |
Current DrawdownCurrent decline from peak | -0.56% | -6.47% | +5.91% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -3.91% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 3.06% | -1.13% |
Volatility
ESAP.DE vs. SPY1.DE - Volatility Comparison
BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) and SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) have volatilities of 3.09% and 3.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESAP.DE | SPY1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 3.19% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.58% | 6.98% | +1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.76% | 9.65% | +2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 12.44% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 13.91% | +4.08% |
ESAP.DE vs. SPY1.DE - Expense Ratio Comparison
ESAP.DE has a 0.15% expense ratio, which is lower than SPY1.DE's 0.35% expense ratio.
Dividends
ESAP.DE vs. SPY1.DE - Dividend Comparison
Neither ESAP.DE nor SPY1.DE has paid dividends to shareholders.
Frequently Asked Questions
ESAP.DE and SPY1.DE have a correlation of 0.05, 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 0.35% for SPY1.DE.
ESAP.DE tracks S&P 500 Index, while SPY1.DE tracks S&P 500 Low Volatility. They also come from different issuers: BNP Paribas and State Street. Their fees differ too: 0.15% for ESAP.DE and 0.35% for SPY1.DE.
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