ESAP.DE vs. UBU9.DE
ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) and UBU9.DE (UBS Core S&P 500 UCITS ETF USD dis) are both S&P 500 funds - ESAP.DE tracks the S&P 500 Index while UBU9.DE tracks the S&P 500. Both are passively managed. Over the past 5 years, ESAP.DE returned 13.64%/yr vs 13.57%/yr for UBU9.DE. Their correlation of 0.95 suggests significant overlap in exposure. ESAP.DE charges 0.15%/yr vs 0.03%/yr for UBU9.DE.
Performance
ESAP.DE vs. UBU9.DE - Performance Comparison
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Different Trading Currencies
ESAP.DE is traded in USD, while UBU9.DE is traded in EUR. To make them comparable, the UBU9.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with ESAP.DE having a 10.03% return and UBU9.DE slightly lower at 10.01%.
ESAP.DE
- 1D
- 0.01%
- 1M
- 4.49%
- YTD
- 10.03%
- 6M
- 10.96%
- 1Y
- 27.63%
- 3Y*
- 21.99%
- 5Y*
- 13.64%
- 10Y*
- —
UBU9.DE
- 1D
- -0.01%
- 1M
- 4.50%
- YTD
- 10.01%
- 6M
- 11.00%
- 1Y
- 27.64%
- 3Y*
- 21.99%
- 5Y*
- 13.57%
- 10Y*
- 14.99%
ESAP.DE vs. UBU9.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% |
UBU9.DE UBS Core S&P 500 UCITS ETF USD dis | 10.01% | 18.18% | 24.62% | 26.10% | -19.03% | 29.27% | 16.85% | 4.97% |
Correlation
The correlation between ESAP.DE and UBU9.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | 0.95 |
The correlation between ESAP.DE and UBU9.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
ESAP.DE vs. UBU9.DE — Risk / Return Rank
ESAP.DE
UBU9.DE
ESAP.DE vs. UBU9.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 UBS Core S&P 500 UCITS ETF USD dis (UBU9.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 | UBU9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.42 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 3.18 | +0.17 |
| Martin ratioReturn relative to average drawdown | 14.32 | 13.41 | +0.90 |
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 | UBU9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 2.38 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.84 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.93 | -0.04 |
Drawdowns
ESAP.DE vs. UBU9.DE - Drawdown Comparison
The maximum ESAP.DE drawdown since its inception was -34.23%, roughly equal to the maximum UBU9.DE drawdown of -34.29%. Use the drawdown chart below to compare losses from any high point for ESAP.DE and UBU9.DE.
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Drawdown Indicators
| ESAP.DE | UBU9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.23% | -34.29% | +0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -8.66% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | -19.45% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -24.33% | -24.39% | +0.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.29% | — |
Current DrawdownCurrent decline from peak | -0.56% | -0.60% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -3.73% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.06% | -0.13% |
Volatility
ESAP.DE vs. UBU9.DE - Volatility Comparison
BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) has a higher volatility of 3.09% compared to UBS Core S&P 500 UCITS ETF USD dis (UBU9.DE) at 2.84%. This indicates that ESAP.DE's price experiences larger fluctuations and is considered to be riskier than UBU9.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 | UBU9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 2.84% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 8.58% | 8.15% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.76% | 11.56% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 15.92% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 16.36% | +1.63% |
ESAP.DE vs. UBU9.DE - Expense Ratio Comparison
ESAP.DE has a 0.15% expense ratio, which is higher than UBU9.DE's 0.03% 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. UBU9.DE - Dividend Comparison
ESAP.DE has not paid dividends to shareholders, while UBU9.DE's dividend yield for the trailing twelve months is around 0.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UBU9.DE UBS Core S&P 500 UCITS ETF USD dis | 0.80% | 0.90% | 0.88% | 1.05% | 1.22% | 0.75% | 1.23% | 1.21% | 1.30% | 1.35% | 1.51% | 1.38% |
Frequently Asked Questions
With a correlation of 0.93, ESAP.DE and UBU9.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.
On fees, UBU9.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UBU9.DE is cheaper with a 0.03% expense ratio, compared with 0.15% for ESAP.DE.
ESAP.DE tracks S&P 500 Index, while UBU9.DE tracks S&P 500. They also come from different issuers: BNP Paribas and UBS. Their fees differ too: 0.15% for ESAP.DE and 0.03% for UBU9.DE.
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