ESNB.DE vs. ROX.DE
ESNB.DE (Expat Serbia BELEX15 UCITS ETF) and ROX.DE (Expat Romania BET UCITS ETF) are both Europe Equities funds from Expat - ESNB.DE tracks the BELEX15 Index while ROX.DE tracks the BET Index. Both are passively managed. Over the past 5 years, ESNB.DE returned -1.86%/yr vs 22.95%/yr for ROX.DE. At a 0.00 correlation, their price movements are largely independent. Both charge a 1.38% expense ratio.
Performance
ESNB.DE vs. ROX.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 ROX.DE's 36.66% 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*
- —
ROX.DE
- 1D
- -0.61%
- 1M
- 13.62%
- 6M
- 23.70%
- YTD
- 36.66%
- 1Y
- 72.86%
- 3Y*
- 35.39%
- 5Y*
- 22.95%
- 10Y*
- —
ESNB.DE vs. ROX.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% |
ROX.DE Expat Romania BET UCITS ETF | 36.66% | 43.69% | 13.19% | 22.15% | -3.87% | 34.78% | -1.71% | 34.41% | -14.66% |
Correlation
The correlation between ESNB.DE and ROX.DE is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.00 |
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. ROX.DE — Risk / Return Rank
ESNB.DE
ROX.DE
ESNB.DE vs. ROX.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 Romania BET UCITS ETF (ROX.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 | ROX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.27 | ||
| Sortino ratioReturn per unit of downside risk | -5.51 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.62 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 9.16 | -9.65 |
| Martin ratioReturn relative to average drawdown | -1.05 | 28.50 | -29.55 |
Loading charts...
Drawdowns
ESNB.DE vs. ROX.DE - Drawdown Comparison
The maximum ESNB.DE drawdown since its inception was -22.77%, smaller than the maximum ROX.DE drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for ESNB.DE and ROX.DE.
Loading charts...
Drawdown Indicators
| ESNB.DE | ROX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.77% | -29.00% | +6.23% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -7.91% | -2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -17.52% | +4.92% |
Max Drawdown (5Y)Largest decline over 5 years | -15.85% | -19.51% | +3.66% |
Current DrawdownCurrent decline from peak | -13.87% | -0.61% | -13.26% |
Average DrawdownAverage peak-to-trough decline | -8.44% | -5.26% | -3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 2.55% | +2.33% |
Volatility
ESNB.DE vs. ROX.DE - Volatility Comparison
The current volatility for Expat Serbia BELEX15 UCITS ETF (ESNB.DE) is 3.07%, while Expat Romania BET UCITS ETF (ROX.DE) has a volatility of 5.33%. This indicates that ESNB.DE experiences smaller price fluctuations and is considered to be less risky than ROX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ESNB.DE | ROX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 5.33% | -2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 6.22% | 13.80% | -7.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.76% | 19.34% | -9.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.53% | 19.81% | -9.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.11% | 21.02% | -8.91% |
ESNB.DE vs. ROX.DE - Expense Ratio Comparison
Both ESNB.DE and ROX.DE have an expense ratio of 1.38%.
Dividends
ESNB.DE vs. ROX.DE - Dividend Comparison
Neither ESNB.DE nor ROX.DE has paid dividends to shareholders.
Frequently Asked Questions
ESNB.DE and ROX.DE have a correlation of 0.01, 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 ROX.DE have the same expense ratio: 1.38% per year.
ESNB.DE tracks BELEX15 Index, while ROX.DE tracks BET Index.
Find the right allocation for ESNB.DE and ROX.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