ESEE.DE vs. ^GSPC
ESEE.DE (BNP Paribas Easy S&P 500 UCITS ETF EUR) is S&P 500 fund tracking the S&P 500 Index, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, ESEE.DE returned -10.09%/yr vs 13.56%/yr for ^GSPC. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
ESEE.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
ESEE.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with ESEE.DE having a 10.77% return and ^GSPC slightly higher at 11.08%. Over the past 10 years, ESEE.DE has underperformed ^GSPC with an annualized return of -10.09%, while ^GSPC has yielded a comparatively higher 13.56% annualized return.
ESEE.DE
- 1D
- -0.91%
- 1M
- 0.28%
- YTD
- 10.77%
- 6M
- 11.03%
- 1Y
- 24.61%
- 3Y*
- 18.72%
- 5Y*
- 13.85%
- 10Y*
- -10.09%
^GSPC
- 1D
- -0.08%
- 1M
- 0.13%
- YTD
- 11.08%
- 6M
- 9.99%
- 1Y
- 23.85%
- 3Y*
- 17.70%
- 5Y*
- 12.53%
- 10Y*
- 13.56%
ESEE.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESEE.DE BNP Paribas Easy S&P 500 UCITS ETF EUR | 10.77% | 4.37% | 32.18% | 22.62% | -14.21% | 40.86% | 7.17% | 34.93% | -91.74% | 7.10% |
^GSPC S&P 500 Index | 11.08% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between ESEE.DE and ^GSPC is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2013 | 0.62 |
The correlation between ESEE.DE and ^GSPC has been stable across timeframes, ranging from 0.59 to 0.69 - a consistent structural relationship.
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Return for Risk
ESEE.DE vs. ^GSPC — Risk / Return Rank
ESEE.DE
^GSPC
ESEE.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.DE) and S&P 500 Index (^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.
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.
| ESEE.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 3.17 | +0.24 |
| Martin ratioReturn relative to average drawdown | 11.95 | 11.71 | +0.23 |
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Drawdowns
ESEE.DE vs. ^GSPC - Drawdown Comparison
The maximum ESEE.DE drawdown since its inception was -92.35%, which is greater than ^GSPC's maximum drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for ESEE.DE and ^GSPC.
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Drawdown Indicators
| ESEE.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.35% | -51.62% | -40.73% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -7.57% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | -23.99% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -23.99% | +0.54% |
Max Drawdown (10Y)Largest decline over 10 years | -92.35% | -33.42% | -58.93% |
Current DrawdownCurrent decline from peak | -74.33% | -1.08% | -73.25% |
Average DrawdownAverage peak-to-trough decline | -54.95% | -9.08% | -45.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.04% | +0.01% |
Volatility
ESEE.DE vs. ^GSPC - Volatility Comparison
The current volatility for BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.DE) is 3.35%, while S&P 500 Index (^GSPC) has a volatility of 3.97%. This indicates that ESEE.DE 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.
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Volatility by Period
| ESEE.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 3.97% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.00% | 9.16% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 12.60% | -0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.25% | 16.86% | -1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.08% | 18.61% | +14.47% |
Frequently Asked Questions
ESEE.DE and ^GSPC have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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