ESEA.DE vs. SPPY.DE

Last updated Jun 26, 2026

ESEA.DE (BNP Paribas Easy S&P 500 UCITS ETF) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both S&P 500 funds - ESEA.DE tracks the S&P 500 Index while SPPY.DE tracks the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, ESEA.DE returned 12.74%/yr vs 14.01%/yr for SPPY.DE. Their correlation of 0.94 suggests significant overlap in exposure. ESEA.DE charges 0.15%/yr vs 0.10%/yr for SPPY.DE.

Performance

ESEA.DE vs. SPPY.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNP Paribas Easy S&P 500 UCITS ETF (ESEA.DE) and State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ESEA.DE is traded in USD, while SPPY.DE is traded in EUR. To make them comparable, the SPPY.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ESEA.DE achieves a 7.26% return, which is significantly lower than SPPY.DE's 8.82% return.

ESEA.DE

• 1D: -0.63%
• 1M: -1.80%
• YTD: 7.26%
• 6M: 7.39%
• 1Y: 22.05%
• 3Y*: 20.43%
• 5Y*: 12.74%
• 10Y*: 15.67%

SPPY.DE

• 1D: -0.13%
• 1M: -0.16%
• YTD: 8.82%
• 6M: 8.89%
• 1Y: 26.30%
• 3Y*: 21.23%
• 5Y*: 14.01%
• 10Y*: —

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

ESEA.DE vs. SPPY.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ESEA.DE BNP Paribas Easy S&P 500 UCITS ETF	7.26%	17.46%	24.87%	27.03%	-19.22%	29.94%	17.75%	4.17%
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF	8.82%	17.89%	25.27%	30.95%	-19.19%	30.00%	18.56%	4.57%

Correlation

The correlation between ESEA.DE and SPPY.DE is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019	0.94

The correlation between ESEA.DE and SPPY.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

ESEA.DE vs. SPPY.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ESEA.DE

ESEA.DE Risk / Return Rank: 64
ESEA.DE Sharpe Ratio Rank: 63
ESEA.DE Sortino Ratio Rank: 68
ESEA.DE Omega Ratio Rank: 61
ESEA.DE Calmar Ratio Rank: 62
ESEA.DE Martin Ratio Rank: 68

SPPY.DE

SPPY.DE Risk / Return Rank: 87
SPPY.DE Sharpe Ratio Rank: 88
SPPY.DE Sortino Ratio Rank: 87
SPPY.DE Omega Ratio Rank: 86
SPPY.DE Calmar Ratio Rank: 87
SPPY.DE Martin Ratio Rank: 89

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.

ESEA.DE vs. SPPY.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy S&P 500 UCITS ETF (ESEA.DE) and State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ESEA.DE	SPPY.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.82	2.18	-0.35
Sortino ratio: Return per unit of downside risk	2.71	3.17	-0.46
Omega ratio: Gain probability vs. loss probability	1.33	1.38	-0.05
Calmar ratio: Return relative to maximum drawdown	2.68	2.88	-0.21
Martin ratio: Return relative to average drawdown	10.95	12.36	-1.41

ESEA.DE vs. SPPY.DE - Sharpe Ratio Comparison

The current ESEA.DE Sharpe Ratio is 1.82, which is comparable to the SPPY.DE Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of ESEA.DE and SPPY.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.

Drawdowns

ESEA.DE vs. SPPY.DE - Drawdown Comparison

The maximum ESEA.DE drawdown since its inception was -34.13%, roughly equal to the maximum SPPY.DE drawdown of -33.81%. Use the drawdown chart below to compare losses from any high point for ESEA.DE and SPPY.DE.

Drawdown Indicators

	ESEA.DE	SPPY.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.13%	-33.81%	-0.32%
Max Drawdown (1Y) Largest decline over 1 year	-8.20%	-9.08%	+0.88%
Max Drawdown (3Y) Largest decline over 3 years	-18.66%	-20.62%	+1.96%
Max Drawdown (5Y) Largest decline over 5 years	-24.36%	-24.93%	+0.57%
Max Drawdown (10Y) Largest decline over 10 years	-34.13%	—	—
Current Drawdown Current decline from peak	-3.08%	-1.50%	-1.58%
Average Drawdown Average peak-to-trough decline	-3.87%	-5.32%	+1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	2.12%	-0.11%

Volatility

ESEA.DE vs. SPPY.DE - Volatility Comparison

BNP Paribas Easy S&P 500 UCITS ETF (ESEA.DE) has a higher volatility of 3.90% compared to State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) at 3.67%. This indicates that ESEA.DE's price experiences larger fluctuations and is considered to be riskier than SPPY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESEA.DE	SPPY.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	3.67%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	9.21%	8.98%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	12.04%	12.05%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.07%	16.23%	-0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.21%	18.25%	-2.04%

ESEA.DE vs. SPPY.DE - Expense Ratio Comparison

ESEA.DE has a 0.15% expense ratio, which is higher than SPPY.DE's 0.10% 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

ESEA.DE vs. SPPY.DE - Dividend Comparison

ESEA.DE's dividend yield for the trailing twelve months is around 1.09%, while SPPY.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ESEA.DE BNP Paribas Easy S&P 500 UCITS ETF	1.09%	0.68%	0.65%	0.69%	1.08%	0.64%	0.67%	0.61%	0.93%	0.61%
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ESEA.DE and SPPY.DE in my portfolio?

With a correlation of 0.91, ESEA.DE and SPPY.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.

Which ETF is better, ESEA.DE or SPPY.DE?

On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESEA.DE or SPPY.DE?

SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for ESEA.DE.

What is the main difference between ESEA.DE and SPPY.DE?

ESEA.DE tracks S&P 500 Index, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. They also come from different issuers: BNP Paribas and State Street. Their fees differ too: 0.15% for ESEA.DE and 0.10% for SPPY.DE.