ESEE.DE vs. EMEH.DE
ESEE.DE (BNP Paribas Easy S&P 500 UCITS ETF EUR) and EMEH.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) are both exchange-traded funds - ESEE.DE is a S&P 500 fund tracking the S&P 500 Index, while EMEH.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged). Both are passively managed. Over the past 5 years, ESEE.DE returned 14.69%/yr vs 11.35%/yr for EMEH.DE. At a 0.18 correlation, their price movements are largely independent. ESEE.DE charges 0.15%/yr vs 0.39%/yr for EMEH.DE.
Performance
ESEE.DE vs. EMEH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESEE.DE achieves a 11.27% return, which is significantly lower than EMEH.DE's 21.33% return.
ESEE.DE
- 1D
- -0.16%
- 1M
- 5.21%
- YTD
- 11.27%
- 6M
- 11.25%
- 1Y
- 25.34%
- 3Y*
- 18.69%
- 5Y*
- 14.69%
- 10Y*
- 15.09%
EMEH.DE
- 1D
- -0.55%
- 1M
- -0.97%
- YTD
- 21.33%
- 6M
- 24.96%
- 1Y
- 44.23%
- 3Y*
- 16.63%
- 5Y*
- 11.35%
- 10Y*
- —
ESEE.DE vs. EMEH.DE - 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 | 11.27% | 4.37% | 32.16% | 22.65% | -14.21% | 40.85% | 7.14% | 34.97% | -0.85% | 4.59% |
EMEH.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 21.33% | 25.40% | 6.63% | -12.26% | 11.15% | 27.11% | -4.42% | 7.62% | -90.10% | 4.93% |
Correlation
The correlation between ESEE.DE and EMEH.DE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2017 | 0.18 |
The correlation between ESEE.DE and EMEH.DE shifts across timeframes, from -0.07 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ESEE.DE vs. EMEH.DE — Risk / Return Rank
ESEE.DE
EMEH.DE
ESEE.DE vs. EMEH.DE - 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 BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (EMEH.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.
| ESEE.DE | EMEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.45 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 4.95 | -1.44 |
| Martin ratioReturn relative to average drawdown | 12.48 | 14.34 | -1.86 |
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
| ESEE.DE | EMEH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.47 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.64 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | -0.48 | +1.43 |
Drawdowns
ESEE.DE vs. EMEH.DE - Drawdown Comparison
The maximum ESEE.DE drawdown since its inception was -33.58%, smaller than the maximum EMEH.DE drawdown of -92.42%. Use the drawdown chart below to compare losses from any high point for ESEE.DE and EMEH.DE.
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Drawdown Indicators
| ESEE.DE | EMEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.58% | -92.42% | +58.84% |
Max Drawdown (1Y)Largest decline over 1 year | -7.18% | -8.89% | +1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -12.28% | -11.18% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -32.73% | +9.27% |
Max Drawdown (10Y)Largest decline over 10 years | -33.58% | — | — |
Current DrawdownCurrent decline from peak | -0.45% | -80.34% | +79.89% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -81.38% | +77.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 3.08% | -1.05% |
Volatility
ESEE.DE vs. EMEH.DE - Volatility Comparison
The current volatility for BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.DE) is 2.65%, while BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (EMEH.DE) has a volatility of 4.15%. This indicates that ESEE.DE experiences smaller price fluctuations and is considered to be less risky than EMEH.DE 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 | EMEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 4.15% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 7.60% | 15.95% | -8.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.61% | 17.83% | -6.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 17.50% | -2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 34.16% | -18.07% |
ESEE.DE vs. EMEH.DE - Expense Ratio Comparison
ESEE.DE has a 0.15% expense ratio, which is lower than EMEH.DE's 0.39% expense ratio.
Dividends
ESEE.DE vs. EMEH.DE - Dividend Comparison
Neither ESEE.DE nor EMEH.DE has paid dividends to shareholders.
Frequently Asked Questions
ESEE.DE and EMEH.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESEE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESEE.DE is cheaper with a 0.15% expense ratio, compared with 0.39% for EMEH.DE.
ESEE.DE is categorized as S&P 500, while EMEH.DE is Commodities. ESEE.DE tracks S&P 500 Index, while EMEH.DE tracks BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged). Their fees differ too: 0.15% for ESEE.DE and 0.39% for EMEH.DE.
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