ESEE.DE vs. IBCK.DE
ESEE.DE (BNP Paribas Easy S&P 500 UCITS ETF EUR) and IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) are both S&P 500 funds - ESEE.DE tracks the S&P 500 Index while IBCK.DE tracks the S&P 500 Minimum Volatility. Both are passively managed. Over the past 10 years, ESEE.DE returned 15.09%/yr vs 10.32%/yr for IBCK.DE. Their correlation of 0.89 suggests significant overlap in exposure. ESEE.DE charges 0.15%/yr vs 0.20%/yr for IBCK.DE.
Performance
ESEE.DE vs. IBCK.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 higher than IBCK.DE's 5.14% return. Over the past 10 years, ESEE.DE has outperformed IBCK.DE with an annualized return of 15.09%, while IBCK.DE has yielded a comparatively lower 10.32% annualized 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%
IBCK.DE
- 1D
- 0.27%
- 1M
- 4.51%
- YTD
- 5.14%
- 6M
- 5.73%
- 1Y
- 9.44%
- 3Y*
- 10.94%
- 5Y*
- 9.91%
- 10Y*
- 10.32%
ESEE.DE vs. IBCK.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% | 7.07% |
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 5.14% | -0.69% | 25.61% | 6.20% | -6.04% | 35.73% | -2.18% | 34.85% | -1.47% | 2.29% |
Correlation
The correlation between ESEE.DE and IBCK.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2013 | 0.89 |
The correlation between ESEE.DE and IBCK.DE shifts across timeframes, from 0.78 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ESEE.DE vs. IBCK.DE — Risk / Return Rank
ESEE.DE
IBCK.DE
ESEE.DE vs. IBCK.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 iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.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 | IBCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.19 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 1.83 | +1.69 |
| Martin ratioReturn relative to average drawdown | 12.48 | 5.31 | +7.17 |
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 | IBCK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 1.07 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.79 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | 0.73 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.88 | +0.07 |
Drawdowns
ESEE.DE vs. IBCK.DE - Drawdown Comparison
The maximum ESEE.DE drawdown since its inception was -33.58%, roughly equal to the maximum IBCK.DE drawdown of -33.11%. Use the drawdown chart below to compare losses from any high point for ESEE.DE and IBCK.DE.
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Drawdown Indicators
| ESEE.DE | IBCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.58% | -33.11% | -0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.18% | -5.08% | -2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -17.55% | -5.91% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -17.55% | -5.91% |
Max Drawdown (10Y)Largest decline over 10 years | -33.58% | -33.11% | -0.47% |
Current DrawdownCurrent decline from peak | -0.45% | -0.47% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -4.50% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.75% | +0.28% |
Volatility
ESEE.DE vs. IBCK.DE - Volatility Comparison
BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.DE) has a higher volatility of 2.65% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) at 2.26%. This indicates that ESEE.DE's price experiences larger fluctuations and is considered to be riskier than IBCK.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 | IBCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 2.26% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.60% | 5.71% | +1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.61% | 8.73% | +2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 12.37% | +2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 14.02% | +2.07% |
ESEE.DE vs. IBCK.DE - Expense Ratio Comparison
ESEE.DE has a 0.15% expense ratio, which is lower than IBCK.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ESEE.DE vs. IBCK.DE - Dividend Comparison
Neither ESEE.DE nor IBCK.DE has paid dividends to shareholders.
Frequently Asked Questions
ESEE.DE and IBCK.DE have a correlation of 0.78, 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 0.20% for IBCK.DE.
ESEE.DE tracks S&P 500 Index, while IBCK.DE tracks S&P 500 Minimum Volatility. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.15% for ESEE.DE and 0.20% for IBCK.DE.
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