ESEH.DE vs. UBU9.DE
ESEH.DE (BNP Paribas Easy S&P 500 UCITS ETF EUR H) and UBU9.DE (UBS Core S&P 500 UCITS ETF USD dis) are both S&P 500 funds - ESEH.DE tracks the S&P 500 Composite (EUR Hedged) Net Return Index while UBU9.DE tracks the S&P 500. Both are passively managed. Over the past 10 years, ESEH.DE returned 12.49%/yr vs 14.48%/yr for UBU9.DE. Their correlation of 0.82 suggests significant overlap in exposure. ESEH.DE charges 0.14%/yr vs 0.03%/yr for UBU9.DE.
Performance
ESEH.DE vs. UBU9.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 lower than UBU9.DE's 13.16% return. Over the past 10 years, ESEH.DE has underperformed UBU9.DE with an annualized return of 12.49%, while UBU9.DE has yielded a comparatively higher 14.48% annualized 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%
UBU9.DE
- 1D
- 0.24%
- 1M
- 1.48%
- 6M
- 12.14%
- YTD
- 13.16%
- 1Y
- 23.64%
- 3Y*
- 19.34%
- 5Y*
- 13.72%
- 10Y*
- 14.48%
ESEH.DE vs. UBU9.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% | 1,643.89% |
UBU9.DE UBS Core S&P 500 UCITS ETF USD dis | 13.16% | 4.77% | 32.31% | 22.36% | -14.25% | 40.60% | 6.64% | 34.48% | -1.14% | 6.72% |
Correlation
The correlation between ESEH.DE and UBU9.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2015 | 0.82 |
The correlation between ESEH.DE and UBU9.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. UBU9.DE — Risk / Return Rank
ESEH.DE
UBU9.DE
ESEH.DE vs. UBU9.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 UBS Core S&P 500 UCITS ETF USD dis (UBU9.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 | UBU9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 3.28 | -1.00 |
| Martin ratioReturn relative to average drawdown | 9.06 | 11.51 | -2.45 |
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Drawdowns
ESEH.DE vs. UBU9.DE - Drawdown Comparison
The maximum ESEH.DE drawdown since its inception was -94.54%, which is greater than UBU9.DE's maximum drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for ESEH.DE and UBU9.DE.
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Drawdown Indicators
| ESEH.DE | UBU9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.54% | -33.82% | -60.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.66% | -7.17% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -18.51% | -23.30% | +4.79% |
Max Drawdown (5Y)Largest decline over 5 years | -25.90% | -23.30% | -2.60% |
Max Drawdown (10Y)Largest decline over 10 years | -94.54% | -33.82% | -60.72% |
Current DrawdownCurrent decline from peak | -82.43% | -0.13% | -82.30% |
Average DrawdownAverage peak-to-trough decline | -68.20% | -5.24% | -62.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 2.05% | +0.13% |
Volatility
ESEH.DE vs. UBU9.DE - Volatility Comparison
BNP Paribas Easy S&P 500 UCITS ETF EUR H (ESEH.DE) and UBS Core S&P 500 UCITS ETF USD dis (UBU9.DE) have volatilities of 2.73% and 2.76%, 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
| ESEH.DE | UBU9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 2.76% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 9.17% | 7.96% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.09% | 11.90% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 15.25% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 410.50% | 16.06% | +394.44% |
ESEH.DE vs. UBU9.DE - Expense Ratio Comparison
ESEH.DE has a 0.14% expense ratio, which is higher than UBU9.DE's 0.03% 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
ESEH.DE vs. UBU9.DE - Dividend Comparison
ESEH.DE has not paid dividends to shareholders, while UBU9.DE's dividend yield for the trailing twelve months is around 0.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESEH.DE BNP Paribas Easy S&P 500 UCITS ETF EUR H | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UBU9.DE UBS Core S&P 500 UCITS ETF USD dis | 0.93% | 0.98% | 0.96% | 1.15% | 1.30% | 0.90% | 1.40% | 1.36% | 1.57% | 1.53% | 1.66% | 1.53% |
Frequently Asked Questions
ESEH.DE and UBU9.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UBU9.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UBU9.DE is cheaper with a 0.03% expense ratio, compared with 0.14% for ESEH.DE.
ESEH.DE tracks S&P 500 Composite (EUR Hedged) Net Return Index, while UBU9.DE tracks S&P 500. They also come from different issuers: BNP Paribas Easy and UBS. Their fees differ too: 0.14% for ESEH.DE and 0.03% for UBU9.DE.
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