ESAP.DE vs. XZSP.DE
ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) and XZSP.DE (Xtrackers S&P 500 ESG UCITS ETF 1C) are both S&P 500 funds - ESAP.DE tracks the S&P 500 Index while XZSP.DE tracks the S&P 500 ESG. Both are passively managed. Over the past 3 years, ESAP.DE returned 21.99%/yr vs 21.78%/yr for XZSP.DE. Their correlation of 0.93 suggests significant overlap in exposure. ESAP.DE charges 0.15%/yr vs 0.08%/yr for XZSP.DE.
Performance
ESAP.DE vs. XZSP.DE - Performance Comparison
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Different Trading Currencies
ESAP.DE is traded in USD, while XZSP.DE is traded in EUR. To make them comparable, the XZSP.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 XZSP.DE slightly lower at 9.89%.
ESAP.DE
- 1D
- 0.01%
- 1M
- 4.49%
- YTD
- 10.03%
- 6M
- 10.96%
- 1Y
- 27.63%
- 3Y*
- 21.99%
- 5Y*
- 13.64%
- 10Y*
- —
XZSP.DE
- 1D
- 0.73%
- 1M
- 4.74%
- YTD
- 9.89%
- 6M
- 11.36%
- 1Y
- 30.88%
- 3Y*
- 21.78%
- 5Y*
- —
- 10Y*
- —
ESAP.DE vs. XZSP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD | 10.03% | 17.48% | 24.85% | 26.98% | -3.13% |
XZSP.DE Xtrackers S&P 500 ESG UCITS ETF 1C | 9.89% | 18.93% | 23.74% | 27.80% | -3.00% |
Correlation
The correlation between ESAP.DE and XZSP.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.93 |
The correlation between ESAP.DE and XZSP.DE has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
ESAP.DE vs. XZSP.DE — Risk / Return Rank
ESAP.DE
XZSP.DE
ESAP.DE vs. XZSP.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 Xtrackers S&P 500 ESG UCITS ETF 1C (XZSP.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 | XZSP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.47 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 3.45 | -0.10 |
| Martin ratioReturn relative to average drawdown | 14.32 | 15.05 | -0.74 |
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 | XZSP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 2.66 | -0.32 |
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 | 1.55 | -0.66 |
Drawdowns
ESAP.DE vs. XZSP.DE - Drawdown Comparison
The maximum ESAP.DE drawdown since its inception was -34.23%, which is greater than XZSP.DE's maximum drawdown of -20.03%. Use the drawdown chart below to compare losses from any high point for ESAP.DE and XZSP.DE.
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Drawdown Indicators
| ESAP.DE | XZSP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.23% | -20.03% | -14.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -8.91% | +0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | -20.03% | +1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -24.33% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -0.09% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -2.18% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.05% | -0.12% |
Volatility
ESAP.DE vs. XZSP.DE - Volatility Comparison
BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) and Xtrackers S&P 500 ESG UCITS ETF 1C (XZSP.DE) have volatilities of 3.09% and 2.99%, 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 | XZSP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 2.99% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.58% | 8.17% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.76% | 11.58% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 14.21% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 14.21% | +3.78% |
ESAP.DE vs. XZSP.DE - Expense Ratio Comparison
ESAP.DE has a 0.15% expense ratio, which is higher than XZSP.DE's 0.08% 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. XZSP.DE - Dividend Comparison
Neither ESAP.DE nor XZSP.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, ESAP.DE and XZSP.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, XZSP.DE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZSP.DE is cheaper with a 0.08% expense ratio, compared with 0.15% for ESAP.DE.
ESAP.DE tracks S&P 500 Index, while XZSP.DE tracks S&P 500 ESG. They also come from different issuers: BNP Paribas and Xtrackers. Their fees differ too: 0.15% for ESAP.DE and 0.08% for XZSP.DE.
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