ESAP.DE vs. VALD.DE

Last updated Jun 5, 2026

ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) and VALD.DE (BNP Paribas Easy ESG Value Europe UCITS ETF) are both exchange-traded funds - ESAP.DE is a S&P 500 fund tracking the S&P 500 Index, while VALD.DE is a Europe Equities fund tracking the BNP Paribas Value Europe ESG. Both are passively managed. Over the past 5 years, ESAP.DE returned 13.64%/yr vs 6.81%/yr for VALD.DE. A 0.67 correlation means they provide meaningful diversification when combined. ESAP.DE charges 0.15%/yr vs 0.30%/yr for VALD.DE.

Performance

ESAP.DE vs. VALD.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 ESG Value Europe UCITS ETF (VALD.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ESAP.DE is traded in USD, while VALD.DE is traded in EUR. To make them comparable, the VALD.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 VALD.DE's 9.13% 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*: —

VALD.DE

• 1D: 1.01%
• 1M: 1.18%
• YTD: 9.13%
• 6M: 13.17%
• 1Y: 20.76%
• 3Y*: 19.85%
• 5Y*: 6.81%
• 10Y*: —

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

ESAP.DE vs. VALD.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%
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF	9.13%	39.48%	2.99%	18.62%	-23.87%	13.59%	-3.54%	2.72%

Correlation

The correlation between ESAP.DE and VALD.DE is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019	0.67

The correlation between ESAP.DE and VALD.DE shifts across timeframes, from 0.53 (3 years) to 0.67 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ESAP.DE vs. VALD.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

VALD.DE

VALD.DE Risk / Return Rank: 49
VALD.DE Sharpe Ratio Rank: 47
VALD.DE Sortino Ratio Rank: 47
VALD.DE Omega Ratio Rank: 48
VALD.DE Calmar Ratio Rank: 50
VALD.DE Martin Ratio Rank: 50

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. VALD.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 ESG Value Europe UCITS ETF (VALD.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	VALD.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.34	1.50	+0.84
Sortino ratio: Return per unit of downside risk	3.41	2.15	+1.26
Omega ratio: Gain probability vs. loss probability	1.42	1.28	+0.14
Calmar ratio: Return relative to maximum drawdown	3.35	2.19	+1.17
Martin ratio: Return relative to average drawdown	14.32	7.24	+7.08
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. VALD.DE - Sharpe Ratio Comparison

The current ESAP.DE Sharpe Ratio is 2.34, which is higher than the VALD.DE Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of ESAP.DE and VALD.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	VALD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	1.50	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.38	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.40	+0.48

Drawdowns

ESAP.DE vs. VALD.DE - Drawdown Comparison

The maximum ESAP.DE drawdown since its inception was -34.23%, smaller than the maximum VALD.DE drawdown of -47.19%. Use the drawdown chart below to compare losses from any high point for ESAP.DE and VALD.DE.

Drawdown Indicators

	ESAP.DE	VALD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.23%	-47.19%	+12.96%
Max Drawdown (1Y) Largest decline over 1 year	-8.20%	-9.45%	+1.25%
Max Drawdown (3Y) Largest decline over 3 years	-18.69%	-14.00%	-4.69%
Max Drawdown (5Y) Largest decline over 5 years	-24.33%	-41.71%	+17.38%
Current Drawdown Current decline from peak	-0.56%	-1.52%	+0.96%
Average Drawdown Average peak-to-trough decline	-5.37%	-11.88%	+6.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	2.86%	-0.93%

Volatility

ESAP.DE vs. VALD.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 ESG Value Europe UCITS ETF (VALD.DE) has a volatility of 4.47%. This indicates that ESAP.DE experiences smaller price fluctuations and is considered to be less risky than VALD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESAP.DE	VALD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.09%	4.47%	-1.38%
Volatility (6M) Calculated over the trailing 6-month period	8.58%	10.92%	-2.34%
Volatility (1Y) Calculated over the trailing 1-year period	11.76%	13.76%	-2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.01%	17.80%	-1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.99%	18.11%	-0.12%

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

ESAP.DE has a 0.15% expense ratio, which is lower than VALD.DE's 0.30% expense ratio.

Dividends

ESAP.DE vs. VALD.DE - Dividend Comparison

ESAP.DE has not paid dividends to shareholders, while VALD.DE's dividend yield for the trailing twelve months is around 3.00%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF	3.00%	3.36%	3.35%	3.36%	3.99%	2.17%	5.02%	4.92%	4.84%

Frequently Asked Questions

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

ESAP.DE and VALD.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESAP.DE or VALD.DE?

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.

Which ETF is cheaper, ESAP.DE or VALD.DE?

ESAP.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for VALD.DE.

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

ESAP.DE is categorized as S&P 500, while VALD.DE is Europe Equities. ESAP.DE tracks S&P 500 Index, while VALD.DE tracks BNP Paribas Value Europe ESG. Their fees differ too: 0.15% for ESAP.DE and 0.30% for VALD.DE.