ETSZ.DE vs. EMKX.DE
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and EMKX.DE (BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF) are both exchange-traded funds - ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600, while EMKX.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ESG Filtered Min TE. Both are passively managed. Over the past 10 years, ETSZ.DE returned 10.16%/yr vs 73.97%/yr for EMKX.DE. A 0.64 correlation means they provide meaningful diversification when combined. ETSZ.DE charges 0.20%/yr vs 0.26%/yr for EMKX.DE.
Performance
ETSZ.DE vs. EMKX.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETSZ.DE achieves a 10.04% return, which is significantly lower than EMKX.DE's 28.34% return. Over the past 10 years, ETSZ.DE has underperformed EMKX.DE with an annualized return of 10.16%, while EMKX.DE has yielded a comparatively higher 73.97% annualized return.
ETSZ.DE
- 1D
- 0.77%
- 1M
- 2.09%
- YTD
- 10.04%
- 6M
- 10.73%
- 1Y
- 22.31%
- 3Y*
- 15.25%
- 5Y*
- 9.90%
- 10Y*
- 10.16%
EMKX.DE
- 1D
- 0.58%
- 1M
- 2.46%
- YTD
- 28.34%
- 6M
- 30.16%
- 1Y
- 47.39%
- 3Y*
- 21.57%
- 5Y*
- 7.78%
- 10Y*
- 73.97%
ETSZ.DE vs. EMKX.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 | 10.04% | 20.39% | 8.24% | 15.59% | -10.31% | 24.87% | -1.48% | 28.89% | -11.23% | 10.67% |
EMKX.DE BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF | 28.34% | 18.64% | 14.57% | 5.03% | -15.65% | 4.34% | 6.80% | 21.85% | -91.16% | 19.85% |
Correlation
The correlation between ETSZ.DE and EMKX.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2016 | 0.64 |
The correlation between ETSZ.DE and EMKX.DE has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
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
ETSZ.DE vs. EMKX.DE — Risk / Return Rank
ETSZ.DE
EMKX.DE
ETSZ.DE vs. EMKX.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 BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF (EMKX.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.
| ETSZ.DE | EMKX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.45 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 4.29 | -1.93 |
| Martin ratioReturn relative to average drawdown | 9.04 | 14.95 | -5.91 |
Loading charts...
Drawdowns
ETSZ.DE vs. EMKX.DE - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.54%, smaller than the maximum EMKX.DE drawdown of -99.09%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and EMKX.DE.
Loading charts...
Drawdown Indicators
| ETSZ.DE | EMKX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -99.09% | +63.55% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -10.98% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -19.38% | +3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -20.50% | -25.31% | +4.81% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -99.09% | +63.55% |
Current DrawdownCurrent decline from peak | 0.00% | -97.77% | +97.77% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -92.15% | +86.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 3.16% | -0.70% |
Volatility
ETSZ.DE vs. EMKX.DE - Volatility Comparison
The current volatility for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) is 2.92%, while BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF (EMKX.DE) has a volatility of 8.92%. This indicates that ETSZ.DE experiences smaller price fluctuations and is considered to be less risky than EMKX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETSZ.DE | EMKX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 8.92% | -6.00% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 17.00% | -6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 19.25% | -6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 17.19% | -2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.24% | 3,148.55% | -3,133.31% |
ETSZ.DE vs. EMKX.DE - Expense Ratio Comparison
ETSZ.DE has a 0.20% expense ratio, which is lower than EMKX.DE's 0.26% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ETSZ.DE vs. EMKX.DE - Dividend Comparison
Neither ETSZ.DE nor EMKX.DE has paid dividends to shareholders.
Frequently Asked Questions
ETSZ.DE and EMKX.DE have a correlation of 0.58, 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 0.26% for EMKX.DE.
ETSZ.DE is categorized as Europe Equities, while EMKX.DE is Emerging Markets Equities. ETSZ.DE tracks STOXX® Europe 600, while EMKX.DE tracks MSCI Emerging Markets ESG Filtered Min TE. Their fees differ too: 0.20% for ETSZ.DE and 0.26% for EMKX.DE.
Find the right allocation for ETSZ.DE and EMKX.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