ESEE.DE vs. SPPY.DE
ESEE.DE (BNP Paribas Easy S&P 500 UCITS ETF EUR) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both S&P 500 funds - ESEE.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, ESEE.DE returned 13.85%/yr vs 15.14%/yr for SPPY.DE. With a 0.99 correlation, they move nearly in lockstep. ESEE.DE charges 0.15%/yr vs 0.10%/yr for SPPY.DE.
Performance
ESEE.DE vs. SPPY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESEE.DE achieves a 10.77% return, which is significantly lower than SPPY.DE's 12.49% 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%
SPPY.DE
- 1D
- -0.19%
- 1M
- 2.18%
- YTD
- 12.49%
- 6M
- 13.00%
- 1Y
- 29.56%
- 3Y*
- 19.57%
- 5Y*
- 15.14%
- 10Y*
- —
ESEE.DE vs. SPPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 3.21% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 12.49% | 4.43% | 32.86% | 26.94% | -14.48% | 41.13% | 8.01% | 3.47% |
Correlation
The correlation between ESEE.DE and SPPY.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.99 |
The correlation between ESEE.DE and SPPY.DE has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.
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Return for Risk
ESEE.DE vs. SPPY.DE — Risk / Return Rank
ESEE.DE
SPPY.DE
ESEE.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 EUR (ESEE.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.
| ESEE.DE | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.46 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 4.38 | -0.98 |
| Martin ratioReturn relative to average drawdown | 11.95 | 16.81 | -4.86 |
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Drawdowns
ESEE.DE vs. SPPY.DE - Drawdown Comparison
The maximum ESEE.DE drawdown since its inception was -92.35%, which is greater than SPPY.DE's maximum drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for ESEE.DE and SPPY.DE.
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Drawdown Indicators
| ESEE.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.35% | -33.33% | -59.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -6.72% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | -23.81% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -23.81% | +0.36% |
Max Drawdown (10Y)Largest decline over 10 years | -92.35% | — | — |
Current DrawdownCurrent decline from peak | -74.33% | -0.19% | -74.14% |
Average DrawdownAverage peak-to-trough decline | -54.95% | -4.80% | -50.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.75% | +0.30% |
Volatility
ESEE.DE vs. SPPY.DE - Volatility Comparison
BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.DE) has a higher volatility of 3.35% compared to State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) at 3.17%. This indicates that ESEE.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.
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Volatility by Period
| ESEE.DE | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 3.17% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 8.00% | 8.13% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 11.79% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.25% | 15.47% | -0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.08% | 17.53% | +15.55% |
ESEE.DE vs. SPPY.DE - Expense Ratio Comparison
ESEE.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
ESEE.DE vs. SPPY.DE - Dividend Comparison
Neither ESEE.DE nor SPPY.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, ESEE.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.
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.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for ESEE.DE.
ESEE.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 ESEE.DE and 0.10% for SPPY.DE.
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