ESRI.DE vs. ETSZ.DE
ESRI.DE (BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both exchange-traded funds - ESRI.DE is a Emerging Markets Equities fund tracking the MSCI Emerging SRI S-Series PAB 5% Capped, while ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 5 years, ESRI.DE returned 3.52%/yr vs 8.60%/yr for ETSZ.DE. A 0.67 correlation means they provide meaningful diversification when combined. ESRI.DE charges 0.30%/yr vs 0.20%/yr for ETSZ.DE.
Performance
ESRI.DE vs. ETSZ.DE - Performance Comparison
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Different Trading Currencies
ESRI.DE is traded in USD, while ETSZ.DE is traded in EUR. To make them comparable, the ETSZ.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESRI.DE achieves a 15.11% return, which is significantly higher than ETSZ.DE's 6.01% return.
ESRI.DE
- 1D
- -1.32%
- 1M
- 3.40%
- YTD
- 15.11%
- 6M
- 17.12%
- 1Y
- 29.56%
- 3Y*
- 14.68%
- 5Y*
- 3.52%
- 10Y*
- —
ETSZ.DE
- 1D
- 0.71%
- 1M
- 2.30%
- YTD
- 6.01%
- 6M
- 9.45%
- 1Y
- 18.19%
- 3Y*
- 16.82%
- 5Y*
- 8.60%
- 10Y*
- 9.41%
ESRI.DE vs. ETSZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESRI.DE BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc | 15.11% | 25.41% | 0.66% | 4.70% | -15.68% | 0.43% | 17.96% | 13.63% | -11.26% | 33.05% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 6.01% | 35.96% | 2.03% | 19.26% | -15.25% | 15.04% | 8.13% | 26.14% | -15.35% | 26.27% |
Correlation
The correlation between ESRI.DE and ETSZ.DE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2016 | 0.67 |
The correlation between ESRI.DE and ETSZ.DE has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.
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Return for Risk
ESRI.DE vs. ETSZ.DE — Risk / Return Rank
ESRI.DE
ETSZ.DE
ESRI.DE vs. ETSZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc (ESRI.DE) and BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.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.
| ESRI.DE | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.23 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 1.60 | +0.60 |
| Martin ratioReturn relative to average drawdown | 8.03 | 5.71 | +2.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ESRI.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.23 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.48 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.40 | +0.02 |
Drawdowns
ESRI.DE vs. ETSZ.DE - Drawdown Comparison
The maximum ESRI.DE drawdown since its inception was -42.02%, which is greater than ETSZ.DE's maximum drawdown of -35.67%. Use the drawdown chart below to compare losses from any high point for ESRI.DE and ETSZ.DE.
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Drawdown Indicators
| ESRI.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.02% | -35.67% | -6.35% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -11.30% | -2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -19.72% | -15.08% | -4.64% |
Max Drawdown (5Y)Largest decline over 5 years | -31.45% | -32.15% | +0.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.67% | — |
Current DrawdownCurrent decline from peak | -2.41% | -1.96% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -13.05% | -7.72% | -5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 3.18% | +0.49% |
Volatility
ESRI.DE vs. ETSZ.DE - Volatility Comparison
BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc (ESRI.DE) has a higher volatility of 6.75% compared to BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) at 4.94%. This indicates that ESRI.DE's price experiences larger fluctuations and is considered to be riskier than ETSZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESRI.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 4.94% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 15.51% | 12.30% | +3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.78% | 14.80% | +2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.84% | 17.62% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 17.77% | +1.01% |
ESRI.DE vs. ETSZ.DE - Expense Ratio Comparison
ESRI.DE has a 0.30% expense ratio, which is higher than ETSZ.DE's 0.20% expense ratio.
Dividends
ESRI.DE vs. ETSZ.DE - Dividend Comparison
Neither ESRI.DE nor ETSZ.DE has paid dividends to shareholders.
Frequently Asked Questions
ESRI.DE and ETSZ.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETSZ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETSZ.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for ESRI.DE.
ESRI.DE is categorized as Emerging Markets Equities, while ETSZ.DE is Europe Equities. ESRI.DE tracks MSCI Emerging SRI S-Series PAB 5% Capped, while ETSZ.DE tracks STOXX® Europe 600. Their fees differ too: 0.30% for ESRI.DE and 0.20% for ETSZ.DE.
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