ETSZ.DE vs. ESAD.DE
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and ESAD.DE (BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation) are both exchange-traded funds - ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600, while ESAD.DE is a REIT fund tracking the FTSE EPRA Nareit Developed Green EU CTB. Both are passively managed. Over the past 3 years, ETSZ.DE returned 13.72%/yr vs 4.85%/yr for ESAD.DE. A 0.56 correlation means they provide meaningful diversification when combined. ETSZ.DE charges 0.20%/yr vs 0.41%/yr for ESAD.DE.
Performance
ETSZ.DE vs. ESAD.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 ESAD.DE's 7.67% 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%
ESAD.DE
- 1D
- 0.00%
- 1M
- -0.65%
- YTD
- 7.67%
- 6M
- 6.84%
- 1Y
- 7.43%
- 3Y*
- 4.85%
- 5Y*
- —
- 10Y*
- —
ETSZ.DE vs. ESAD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 7.24% | 20.43% | 8.21% | 15.61% | -2.98% |
ESAD.DE BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation | 7.67% | -3.81% | 3.54% | 7.64% | -19.66% |
Correlation
The correlation between ETSZ.DE and ESAD.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.56 |
The correlation between ETSZ.DE and ESAD.DE has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.
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Return for Risk
ETSZ.DE vs. ESAD.DE — Risk / Return Rank
ETSZ.DE
ESAD.DE
ETSZ.DE vs. ESAD.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 FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.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 | ESAD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.12 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 0.90 | +0.82 |
| Martin ratioReturn relative to average drawdown | 6.45 | 2.70 | +3.75 |
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 | ESAD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.63 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | -0.12 | +0.64 |
Drawdowns
ETSZ.DE vs. ESAD.DE - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.51%, which is greater than ESAD.DE's maximum drawdown of -30.37%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and ESAD.DE.
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Drawdown Indicators
| ETSZ.DE | ESAD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -30.37% | -5.14% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -8.26% | -1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -17.22% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | — | — |
Current DrawdownCurrent decline from peak | -1.70% | -11.52% | +9.82% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -17.56% | +12.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.75% | -0.24% |
Volatility
ETSZ.DE vs. ESAD.DE - Volatility Comparison
BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) has a higher volatility of 4.34% compared to BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.DE) at 2.98%. This indicates that ETSZ.DE's price experiences larger fluctuations and is considered to be riskier than ESAD.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 | ESAD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 2.98% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 9.07% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 11.74% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 14.78% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 14.78% | +0.76% |
ETSZ.DE vs. ESAD.DE - Expense Ratio Comparison
ETSZ.DE has a 0.20% expense ratio, which is lower than ESAD.DE's 0.41% expense ratio.
Dividends
ETSZ.DE vs. ESAD.DE - Dividend Comparison
Neither ETSZ.DE nor ESAD.DE has paid dividends to shareholders.
Frequently Asked Questions
ETSZ.DE and ESAD.DE have a correlation of 0.51, 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 0.41% for ESAD.DE.
ETSZ.DE is categorized as Europe Equities, while ESAD.DE is REIT. ETSZ.DE tracks STOXX® Europe 600, while ESAD.DE tracks FTSE EPRA Nareit Developed Green EU CTB. Their fees differ too: 0.20% for ETSZ.DE and 0.41% for ESAD.DE.
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