ESNB.DE vs. ECDC.DE
ESNB.DE (Expat Serbia BELEX15 UCITS ETF) and ECDC.DE (Expat Croatia Crobex UCITS ETF) are both Europe Equities funds from Expat - ESNB.DE tracks the BELEX15 Index while ECDC.DE tracks the CROBEX Index. Both are passively managed. Over the past 5 years, ESNB.DE returned -1.86%/yr vs 12.51%/yr for ECDC.DE. At a 0.09 correlation, their price movements are largely independent. Both charge a 1.38% expense ratio.
Performance
ESNB.DE vs. ECDC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESNB.DE achieves a -7.20% return, which is significantly lower than ECDC.DE's 13.63% 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*
- —
ECDC.DE
- 1D
- 0.30%
- 1M
- 1.71%
- 6M
- 12.74%
- YTD
- 13.63%
- 1Y
- 18.24%
- 3Y*
- 22.10%
- 5Y*
- 12.51%
- 10Y*
- —
ESNB.DE vs. ECDC.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% |
ECDC.DE Expat Croatia Crobex UCITS ETF | 13.63% | 19.63% | 25.09% | 27.42% | -21.40% | 16.97% | -22.59% | 10.86% | -9.33% |
Correlation
The correlation between ESNB.DE and ECDC.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.09 |
The correlation between ESNB.DE and ECDC.DE shifts across timeframes, from 0.08 (3 years) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ESNB.DE vs. ECDC.DE — Risk / Return Rank
ESNB.DE
ECDC.DE
ESNB.DE vs. ECDC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Serbia BELEX15 UCITS ETF (ESNB.DE) and Expat Croatia Crobex UCITS ETF (ECDC.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 | ECDC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.31 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 2.42 | -2.91 |
| Martin ratioReturn relative to average drawdown | -1.05 | 7.76 | -8.81 |
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Drawdowns
ESNB.DE vs. ECDC.DE - Drawdown Comparison
The maximum ESNB.DE drawdown since its inception was -22.77%, smaller than the maximum ECDC.DE drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for ESNB.DE and ECDC.DE.
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Drawdown Indicators
| ESNB.DE | ECDC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.77% | -35.49% | +12.72% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -7.52% | -2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -11.02% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -15.85% | -28.39% | +12.54% |
Current DrawdownCurrent decline from peak | -13.87% | 0.00% | -13.87% |
Average DrawdownAverage peak-to-trough decline | -8.44% | -13.89% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 2.35% | +2.53% |
Volatility
ESNB.DE vs. ECDC.DE - Volatility Comparison
Expat Serbia BELEX15 UCITS ETF (ESNB.DE) has a higher volatility of 3.07% compared to Expat Croatia Crobex UCITS ETF (ECDC.DE) at 2.36%. This indicates that ESNB.DE's price experiences larger fluctuations and is considered to be riskier than ECDC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESNB.DE | ECDC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 2.36% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 6.22% | 11.03% | -4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.76% | 13.18% | -3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.53% | 12.69% | -2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.11% | 13.56% | -1.45% |
ESNB.DE vs. ECDC.DE - Expense Ratio Comparison
Both ESNB.DE and ECDC.DE have an expense ratio of 1.38%.
Dividends
ESNB.DE vs. ECDC.DE - Dividend Comparison
Neither ESNB.DE nor ECDC.DE has paid dividends to shareholders.
Frequently Asked Questions
ESNB.DE and ECDC.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.38% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ESNB.DE and ECDC.DE have the same expense ratio: 1.38% per year.
ESNB.DE tracks BELEX15 Index, while ECDC.DE tracks CROBEX Index.
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