ESEH.DE vs. IS31.DE
ESEH.DE (BNP Paribas Easy S&P 500 UCITS ETF EUR H) and IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both S&P 500 funds - ESEH.DE tracks the S&P 500 Composite (EUR Hedged) Net Return Index while IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 5 years, ESEH.DE returned 10.34%/yr vs 5.66%/yr for IS31.DE. Their correlation of 0.84 suggests significant overlap in exposure. ESEH.DE charges 0.14%/yr vs 0.25%/yr for IS31.DE.
Performance
ESEH.DE vs. IS31.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESEH.DE achieves a 8.70% return, which is significantly higher than IS31.DE's 2.57% return.
ESEH.DE
- 1D
- 0.16%
- 1M
- 0.03%
- 6M
- 8.65%
- YTD
- 8.70%
- 1Y
- 18.72%
- 3Y*
- 17.27%
- 5Y*
- 10.34%
- 10Y*
- 12.49%
IS31.DE
- 1D
- -0.55%
- 1M
- -0.28%
- 6M
- 3.07%
- YTD
- 2.57%
- 1Y
- 8.36%
- 3Y*
- 10.43%
- 5Y*
- 5.66%
- 10Y*
- —
ESEH.DE vs. IS31.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESEH.DE BNP Paribas Easy S&P 500 UCITS ETF EUR H | 8.70% | 14.79% | 22.63% | 23.30% | -21.43% | 28.68% | 16.53% | 27.67% | -93.43% | 1,494.11% |
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.57% | 9.27% | 16.79% | 6.75% | -14.54% | 23.93% | 5.67% | 27.41% | -8.01% | 10.34% |
Correlation
The correlation between ESEH.DE and IS31.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2017 | 0.84 |
The correlation between ESEH.DE and IS31.DE has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
ESEH.DE vs. IS31.DE — Risk / Return Rank
ESEH.DE
IS31.DE
ESEH.DE vs. IS31.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 H (ESEH.DE) and iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.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.
| ESEH.DE | IS31.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.17 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 1.25 | +1.03 |
| Martin ratioReturn relative to average drawdown | 9.06 | 4.77 | +4.30 |
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Drawdowns
ESEH.DE vs. IS31.DE - Drawdown Comparison
The maximum ESEH.DE drawdown since its inception was -94.54%, which is greater than IS31.DE's maximum drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for ESEH.DE and IS31.DE.
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Drawdown Indicators
| ESEH.DE | IS31.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.54% | -33.66% | -60.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.66% | -6.64% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -18.51% | -12.56% | -5.95% |
Max Drawdown (5Y)Largest decline over 5 years | -25.90% | -20.75% | -5.15% |
Max Drawdown (10Y)Largest decline over 10 years | -94.54% | — | — |
Current DrawdownCurrent decline from peak | -82.43% | -1.01% | -81.42% |
Average DrawdownAverage peak-to-trough decline | -68.20% | -4.83% | -63.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 1.75% | +0.43% |
Volatility
ESEH.DE vs. IS31.DE - Volatility Comparison
BNP Paribas Easy S&P 500 UCITS ETF EUR H (ESEH.DE) has a higher volatility of 2.73% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) at 2.40%. This indicates that ESEH.DE's price experiences larger fluctuations and is considered to be riskier than IS31.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESEH.DE | IS31.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 2.40% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.17% | 6.55% | +2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.09% | 8.70% | +3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 12.78% | +3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 410.50% | 14.36% | +396.14% |
ESEH.DE vs. IS31.DE - Expense Ratio Comparison
ESEH.DE has a 0.14% expense ratio, which is lower than IS31.DE's 0.25% 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
ESEH.DE vs. IS31.DE - Dividend Comparison
Neither ESEH.DE nor IS31.DE has paid dividends to shareholders.
Frequently Asked Questions
ESEH.DE and IS31.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESEH.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESEH.DE is cheaper with a 0.14% expense ratio, compared with 0.25% for IS31.DE.
ESEH.DE tracks S&P 500 Composite (EUR Hedged) Net Return Index, while IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged). They also come from different issuers: BNP Paribas Easy and iShares. Their fees differ too: 0.14% for ESEH.DE and 0.25% for IS31.DE.
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