ESEE.DE vs. URTH
ESEE.DE (BNP Paribas Easy S&P 500 UCITS ETF EUR) and URTH (iShares MSCI World ETF) are both exchange-traded funds - ESEE.DE is a S&P 500 fund tracking the S&P 500 Index, while URTH is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, ESEE.DE returned 15.18%/yr vs 12.95%/yr for URTH. A 0.61 correlation means they provide meaningful diversification when combined. ESEE.DE charges 0.15%/yr vs 0.24%/yr for URTH.
Performance
ESEE.DE vs. URTH - Performance Comparison
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Different Trading Currencies
ESEE.DE is traded in EUR, while URTH is traded in USD. To make them comparable, the URTH 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 11.45% return and URTH slightly higher at 11.48%. Over the past 10 years, ESEE.DE has outperformed URTH with an annualized return of 15.18%, while URTH has yielded a comparatively lower 12.95% annualized return.
ESEE.DE
- 1D
- -0.29%
- 1M
- 6.15%
- YTD
- 11.45%
- 6M
- 11.52%
- 1Y
- 25.42%
- 3Y*
- 18.93%
- 5Y*
- 14.72%
- 10Y*
- 15.18%
URTH
- 1D
- -0.53%
- 1M
- 5.39%
- YTD
- 11.48%
- 6M
- 11.49%
- 1Y
- 23.55%
- 3Y*
- 17.61%
- 5Y*
- 12.91%
- 10Y*
- 12.95%
ESEE.DE vs. URTH - 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 | 11.45% | 4.37% | 32.16% | 22.65% | -14.21% | 40.85% | 7.14% | 34.97% | -0.85% | 7.07% |
URTH iShares MSCI World ETF | 11.48% | 6.96% | 26.49% | 20.23% | -12.88% | 31.42% | 6.24% | 31.04% | -4.27% | 7.84% |
Correlation
The correlation between ESEE.DE and URTH is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
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 Oct 29, 2013 | 0.61 |
The correlation between ESEE.DE and URTH has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
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Return for Risk
ESEE.DE vs. URTH — Risk / Return Rank
ESEE.DE
URTH
ESEE.DE vs. URTH - 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 MSCI World ETF (URTH). 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 | URTH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 3.61 | -0.08 |
| Martin ratioReturn relative to average drawdown | 12.52 | 14.81 | -2.29 |
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 | URTH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 2.01 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.84 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 0.76 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.74 | +0.21 |
Drawdowns
ESEE.DE vs. URTH - Drawdown Comparison
The maximum ESEE.DE drawdown since its inception was -33.58%, roughly equal to the maximum URTH drawdown of -33.45%. Use the drawdown chart below to compare losses from any high point for ESEE.DE and URTH.
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Drawdown Indicators
| ESEE.DE | URTH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.58% | -33.45% | -0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.18% | -6.56% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -20.94% | -2.52% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -20.94% | -2.52% |
Max Drawdown (10Y)Largest decline over 10 years | -33.58% | -33.45% | -0.13% |
Current DrawdownCurrent decline from peak | -0.29% | -0.53% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -4.11% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.59% | +0.44% |
Volatility
ESEE.DE vs. URTH - Volatility Comparison
BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.DE) and iShares MSCI World ETF (URTH) have volatilities of 2.69% and 2.65%, 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 | URTH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 2.65% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.60% | 8.61% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.70% | 11.81% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 15.37% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 17.21% | -1.12% |
ESEE.DE vs. URTH - Expense Ratio Comparison
ESEE.DE has a 0.15% expense ratio, which is lower than URTH's 0.24% 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. URTH - Dividend Comparison
ESEE.DE has not paid dividends to shareholders, while URTH's dividend yield for the trailing twelve months is around 1.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESEE.DE BNP Paribas Easy S&P 500 UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URTH iShares MSCI World ETF | 1.35% | 1.48% | 1.47% | 1.70% | 1.68% | 1.50% | 1.52% | 2.16% | 2.30% | 1.88% | 2.15% | 2.35% |
Frequently Asked Questions
ESEE.DE and URTH have a correlation of 0.65, 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 0.24% for URTH.
ESEE.DE is categorized as S&P 500, while URTH is Global Equities. ESEE.DE tracks S&P 500 Index, while URTH tracks MSCI World Index (Net). They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.15% for ESEE.DE and 0.24% for URTH.
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