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 -10.57%/yr vs 12.93%/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 13.07% return and ^GSPC slightly higher at 13.27%. Over the past 10 years, ESEE.DE has underperformed ^GSPC with an annualized return of -10.57%, while ^GSPC has yielded a comparatively higher 12.93% annualized return.
ESEE.DE
- 1D
- 0.06%
- 1M
- 1.79%
- 6M
- 10.53%
- YTD
- 13.07%
- 1Y
- 25.62%
- 3Y*
- 19.11%
- 5Y*
- 13.67%
- 10Y*
- -10.57%
^GSPC
- 1D
- 0.00%
- 1M
- 2.01%
- 6M
- 10.36%
- YTD
- 13.27%
- 1Y
- 22.65%
- 3Y*
- 17.93%
- 5Y*
- 12.49%
- 10Y*
- 12.93%
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 | 13.07% | 4.37% | 32.18% | 22.62% | -14.21% | 40.86% | 7.17% | 34.93% | -91.74% | 7.10% |
^GSPC S&P 500 Index | 12.95% | 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 | 0.62 |
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 shifts across timeframes, from 0.59 (5 years) to 0.69 (1 year), reflecting how their relationship changes across market environments.
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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 | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.33 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 3.01 | +0.54 |
| Martin ratioReturn relative to average drawdown | 12.43 | 11.11 | +1.33 |
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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 -51.17%. 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% | -51.17% | -41.18% |
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 | -73.79% | -0.52% | -73.27% |
Average DrawdownAverage peak-to-trough decline | -55.04% | -8.90% | -46.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.04% | +0.01% |
Volatility
ESEE.DE vs. ^GSPC - Volatility Comparison
BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.DE) and S&P 500 Index (^GSPC) have volatilities of 2.73% and 2.70%, 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
| ESEE.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 2.70% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.92% | 9.17% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 12.60% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 16.85% | -1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.07% | 18.60% | +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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