ETSZ.DE vs. DBXI.DE
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and DBXI.DE (Xtrackers FTSE MIB UCITS ETF) are both Europe Equities funds - ETSZ.DE tracks the STOXX® Europe 600 while DBXI.DE tracks the FTSE MIB. Both are passively managed. Over the past 10 years, ETSZ.DE returned 9.16%/yr vs 14.91%/yr for DBXI.DE. Their correlation of 0.81 suggests significant overlap in exposure. ETSZ.DE charges 0.20%/yr vs 0.30%/yr for DBXI.DE.
Performance
ETSZ.DE vs. DBXI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETSZ.DE achieves a 7.24% return, which is significantly lower than DBXI.DE's 14.49% return. Over the past 10 years, ETSZ.DE has underperformed DBXI.DE with an annualized return of 9.16%, while DBXI.DE has yielded a comparatively higher 14.91% annualized return.
ETSZ.DE
- 1D
- 0.59%
- 1M
- 3.00%
- YTD
- 7.24%
- 6M
- 9.76%
- 1Y
- 16.19%
- 3Y*
- 13.72%
- 5Y*
- 9.62%
- 10Y*
- 9.16%
DBXI.DE
- 1D
- 0.21%
- 1M
- 4.80%
- YTD
- 14.49%
- 6M
- 18.18%
- 1Y
- 30.62%
- 3Y*
- 28.95%
- 5Y*
- 19.73%
- 10Y*
- 14.91%
ETSZ.DE vs. DBXI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 7.24% | 20.43% | 8.21% | 15.61% | -10.31% | 24.89% | -1.49% | 28.86% | -11.18% | 10.63% |
DBXI.DE Xtrackers FTSE MIB UCITS ETF | 14.49% | 37.50% | 18.27% | 33.40% | -9.08% | 26.51% | -4.28% | 33.02% | -14.48% | 16.46% |
Correlation
The correlation between ETSZ.DE and DBXI.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | 0.81 |
The correlation between ETSZ.DE and DBXI.DE has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.
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Return for Risk
ETSZ.DE vs. DBXI.DE — Risk / Return Rank
ETSZ.DE
DBXI.DE
ETSZ.DE vs. DBXI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) and Xtrackers FTSE MIB UCITS ETF (DBXI.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.
| ETSZ.DE | DBXI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 3.17 | -1.45 |
| Martin ratioReturn relative to average drawdown | 6.45 | 11.42 | -4.97 |
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
| ETSZ.DE | DBXI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.94 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 1.09 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.75 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.19 | +0.33 |
Drawdowns
ETSZ.DE vs. DBXI.DE - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.51%, smaller than the maximum DBXI.DE drawdown of -69.49%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and DBXI.DE.
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Drawdown Indicators
| ETSZ.DE | DBXI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -69.49% | +33.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -9.62% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -17.56% | +1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -25.10% | +4.55% |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | -40.46% | +4.95% |
Current DrawdownCurrent decline from peak | -1.70% | -0.77% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -29.56% | +24.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.67% | -0.16% |
Volatility
ETSZ.DE vs. DBXI.DE - Volatility Comparison
The current volatility for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) is 4.34%, while Xtrackers FTSE MIB UCITS ETF (DBXI.DE) has a volatility of 4.63%. This indicates that ETSZ.DE experiences smaller price fluctuations and is considered to be less risky than DBXI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETSZ.DE | DBXI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 4.63% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 12.34% | -1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 15.69% | -2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 18.31% | -3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 20.37% | -4.83% |
ETSZ.DE vs. DBXI.DE - Expense Ratio Comparison
ETSZ.DE has a 0.20% expense ratio, which is lower than DBXI.DE's 0.30% expense ratio.
Dividends
ETSZ.DE vs. DBXI.DE - Dividend Comparison
ETSZ.DE has not paid dividends to shareholders, while DBXI.DE's dividend yield for the trailing twelve months is around 3.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXI.DE Xtrackers FTSE MIB UCITS ETF | 3.63% | 3.93% | 4.53% | 3.78% | 7.45% | 0.94% | 4.23% | 3.33% | 2.66% | 1.94% | 2.51% | 0.15% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ETSZ.DE and DBXI.DE have a correlation of 0.84, 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 DBXI.DE.
ETSZ.DE tracks STOXX® Europe 600, while DBXI.DE tracks FTSE MIB. They also come from different issuers: BNP Paribas and Xtrackers. Their fees differ too: 0.20% for ETSZ.DE and 0.30% for DBXI.DE.
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