ESE.PA vs. ^GSPC
Compare and contrast key facts about BNP Paribas Easy S&P 500 UCITS ETF (ESE.PA) and S&P 500 (^GSPC).
ESE.PA is a passively managed fund by BNP Paribas that tracks the performance of the S&P 500 Index. It was launched on Sep 16, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ESE.PA or ^GSPC.
Key characteristics
| ESE.PA | ^GSPC | |
|---|---|---|
| YTD Return | 26.21% | 22.09% |
| 1Y Return | 39.30% | 41.44% |
| 3Y Return (Ann) | 11.88% | 8.18% |
| 5Y Return (Ann) | 15.94% | 13.88% |
| 10Y Return (Ann) | 14.94% | 11.21% |
| Sharpe Ratio | 3.28 | 3.35 |
| Sortino Ratio | 4.29 | 4.43 |
| Omega Ratio | 1.67 | 1.63 |
| Calmar Ratio | 4.35 | 2.88 |
| Martin Ratio | 19.82 | 21.74 |
| Ulcer Index | 1.83% | 1.87% |
| Daily Std Dev | 11.06% | 12.17% |
| Max Drawdown | -36.74% | -56.78% |
| Current Drawdown | -0.37% | -0.70% |
Correlation
The correlation between ESE.PA and ^GSPC is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ESE.PA vs. ^GSPC - Performance Comparison
In the year-to-date period, ESE.PA achieves a 26.21% return, which is significantly higher than ^GSPC's 22.09% return. Over the past 10 years, ESE.PA has outperformed ^GSPC with an annualized return of 14.94%, while ^GSPC has yielded a comparatively lower 11.21% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ESE.PA vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy S&P 500 UCITS ETF (ESE.PA) and S&P 500 (^GSPC). 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.
Drawdowns
ESE.PA vs. ^GSPC - Drawdown Comparison
The maximum ESE.PA drawdown since its inception was -36.74%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ESE.PA and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
ESE.PA vs. ^GSPC - Volatility Comparison
The current volatility for BNP Paribas Easy S&P 500 UCITS ETF (ESE.PA) is 1.68%, while S&P 500 (^GSPC) has a volatility of 2.73%. This indicates that ESE.PA experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.