ESNB.DE vs. 18M2.DE
ESNB.DE (Expat Serbia BELEX15 UCITS ETF) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both Europe Equities funds - ESNB.DE tracks the BELEX15 Index while 18M2.DE tracks the MSCI EMU High Dividend Yield. Both are passively managed. Over the past 5 years, ESNB.DE returned -1.86%/yr vs 9.83%/yr for 18M2.DE. At a 0.01 correlation, their price movements are largely independent. ESNB.DE charges 1.38%/yr vs 0.30%/yr for 18M2.DE.
Performance
ESNB.DE vs. 18M2.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ESNB.DE achieves a -7.20% return, which is significantly lower than 18M2.DE's 11.73% return.
ESNB.DE
- 1D
- -0.13%
- 1M
- -0.70%
- 6M
- -5.93%
- YTD
- -7.20%
- 1Y
- -5.98%
- 3Y*
- -1.71%
- 5Y*
- -1.86%
- 10Y*
- —
18M2.DE
- 1D
- -0.19%
- 1M
- 2.38%
- 6M
- 11.39%
- YTD
- 11.73%
- 1Y
- 21.88%
- 3Y*
- 13.63%
- 5Y*
- 9.83%
- 10Y*
- 8.98%
ESNB.DE vs. 18M2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ESNB.DE Expat Serbia BELEX15 UCITS ETF | -7.20% | 0.82% | 0.78% | 2.90% | -8.70% | 5.74% | -3.42% | 5.43% | -7.45% |
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 11.73% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | -6.39% | 24.91% | -6.32% |
Correlation
The correlation between ESNB.DE and 18M2.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ESNB.DE vs. 18M2.DE — Risk / Return Rank
ESNB.DE
18M2.DE
ESNB.DE vs. 18M2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Serbia BELEX15 UCITS ETF (ESNB.DE) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.
| ESNB.DE | 18M2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -3.41 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.38 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 3.52 | -4.01 |
| Martin ratioReturn relative to average drawdown | -1.05 | 9.44 | -10.48 |
Loading charts...
Drawdowns
ESNB.DE vs. 18M2.DE - Drawdown Comparison
The maximum ESNB.DE drawdown since its inception was -22.77%, smaller than the maximum 18M2.DE drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for ESNB.DE and 18M2.DE.
Loading charts...
Drawdown Indicators
| ESNB.DE | 18M2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.77% | -37.06% | +14.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -6.19% | -4.21% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -14.68% | +2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -15.85% | -20.81% | +4.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.06% | — |
Current DrawdownCurrent decline from peak | -13.87% | -0.19% | -13.68% |
Average DrawdownAverage peak-to-trough decline | -8.44% | -6.39% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 2.31% | +2.57% |
Volatility
ESNB.DE vs. 18M2.DE - Volatility Comparison
Expat Serbia BELEX15 UCITS ETF (ESNB.DE) has a higher volatility of 3.07% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 2.70%. This indicates that ESNB.DE's price experiences larger fluctuations and is considered to be riskier than 18M2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ESNB.DE | 18M2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 2.70% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 6.22% | 8.58% | -2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.76% | 10.84% | -1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.53% | 13.39% | -2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.11% | 15.05% | -2.94% |
ESNB.DE vs. 18M2.DE - Expense Ratio Comparison
ESNB.DE has a 1.38% expense ratio, which is higher than 18M2.DE's 0.30% expense ratio.
Dividends
ESNB.DE vs. 18M2.DE - Dividend Comparison
Neither ESNB.DE nor 18M2.DE has paid dividends to shareholders.
Frequently Asked Questions
ESNB.DE and 18M2.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 18M2.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
18M2.DE is cheaper with a 0.30% expense ratio, compared with 1.38% for ESNB.DE.
ESNB.DE tracks BELEX15 Index, while 18M2.DE tracks MSCI EMU High Dividend Yield. They also come from different issuers: Expat and Amundi. Their fees differ too: 1.38% for ESNB.DE and 0.30% for 18M2.DE.
Find the right allocation for ESNB.DE and 18M2.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer