ESE.PA vs. SP5.PA
ESE.PA (BNP Paribas Easy S&P 500 UCITS ETF) and SP5.PA (Amundi S&P 500 UCITS ETF - Dist EUR) are both S&P 500 funds tracking the S&P 500 Index, from BNP Paribas and Amundi respectively. Both are passively managed. Over the past 10 years, ESE.PA returned 15.10%/yr vs 15.18%/yr for SP5.PA. Their correlation of 0.93 suggests significant overlap in exposure. ESE.PA charges 0.15%/yr vs 0.05%/yr for SP5.PA.
Performance
ESE.PA vs. SP5.PA - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ESE.PA having a 11.48% return and SP5.PA slightly higher at 11.61%. Both investments have delivered pretty close results over the past 10 years, with ESE.PA having a 15.10% annualized return and SP5.PA not far ahead at 15.18%.
ESE.PA
- 1D
- -0.10%
- 1M
- 5.24%
- YTD
- 11.48%
- 6M
- 11.30%
- 1Y
- 25.41%
- 3Y*
- 18.70%
- 5Y*
- 14.69%
- 10Y*
- 15.10%
SP5.PA
- 1D
- -0.13%
- 1M
- 5.23%
- YTD
- 11.61%
- 6M
- 11.49%
- 1Y
- 25.83%
- 3Y*
- 19.03%
- 5Y*
- 14.95%
- 10Y*
- 15.18%
ESE.PA vs. SP5.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESE.PA BNP Paribas Easy S&P 500 UCITS ETF | 11.48% | 3.58% | 33.68% | 22.35% | -14.10% | 40.40% | 8.06% | 33.39% | -0.04% | 7.07% |
SP5.PA Amundi S&P 500 UCITS ETF - Dist EUR | 11.61% | 4.06% | 34.08% | 22.28% | -13.91% | 40.50% | 7.97% | 33.38% | -0.25% | 7.00% |
Correlation
The correlation between ESE.PA and SP5.PA is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2010 | 0.93 |
The correlation between ESE.PA and SP5.PA has been stable across timeframes, ranging from 0.93 to 1.00 - a consistent structural relationship.
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Return for Risk
ESE.PA vs. SP5.PA — Risk / Return Rank
ESE.PA
SP5.PA
ESE.PA vs. SP5.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy S&P 500 UCITS ETF (ESE.PA) and Amundi S&P 500 UCITS ETF - Dist EUR (SP5.PA). 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.
| ESE.PA | SP5.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 3.60 | -0.09 |
| Martin ratioReturn relative to average drawdown | 12.50 | 12.87 | -0.37 |
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
| ESE.PA | SP5.PA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.23 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.97 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | 0.93 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.92 | -0.11 |
Drawdowns
ESE.PA vs. SP5.PA - Drawdown Comparison
The maximum ESE.PA drawdown since its inception was -36.74%, which is greater than SP5.PA's maximum drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for ESE.PA and SP5.PA.
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Drawdown Indicators
| ESE.PA | SP5.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.74% | -33.67% | -3.07% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -7.08% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -23.28% | -23.28% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -23.28% | -23.28% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -33.62% | -33.67% | +0.05% |
Current DrawdownCurrent decline from peak | -0.41% | -0.44% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -4.12% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.99% | +0.03% |
Volatility
ESE.PA vs. SP5.PA - Volatility Comparison
BNP Paribas Easy S&P 500 UCITS ETF (ESE.PA) and Amundi S&P 500 UCITS ETF - Dist EUR (SP5.PA) have volatilities of 2.64% and 2.64%, 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
| ESE.PA | SP5.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 2.64% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.47% | 7.52% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 11.42% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 15.18% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 16.07% | +0.02% |
ESE.PA vs. SP5.PA - Expense Ratio Comparison
ESE.PA has a 0.15% expense ratio, which is higher than SP5.PA's 0.05% 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
ESE.PA vs. SP5.PA - Dividend Comparison
ESE.PA has not paid dividends to shareholders, while SP5.PA's dividend yield for the trailing twelve months is around 0.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESE.PA BNP Paribas Easy S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SP5.PA Amundi S&P 500 UCITS ETF - Dist EUR | 0.89% | 1.00% | 1.20% | 1.05% | 2.12% | 1.09% | 1.55% | 1.64% | 1.93% | 1.76% | 1.89% | 2.03% |
Frequently Asked Questions
With a correlation of 1.00, ESE.PA and SP5.PA 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, SP5.PA is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SP5.PA is cheaper with a 0.05% expense ratio, compared with 0.15% for ESE.PA.
Both ETFs track S&P 500 Index. They also come from different issuers: BNP Paribas and Amundi. Their fees differ too: 0.15% for ESE.PA and 0.05% for SP5.PA.
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