ETSZ.DE vs. ETDD.DE
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and ETDD.DE (BNP Paribas Easy EURO STOXX 50 UCITS ETF) are both Europe Equities funds from BNP Paribas - ETSZ.DE tracks the STOXX® Europe 600 while ETDD.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, ETSZ.DE returned 9.16%/yr vs 10.39%/yr for ETDD.DE. Their correlation of 0.94 suggests significant overlap in exposure. ETSZ.DE charges 0.20%/yr vs 0.18%/yr for ETDD.DE.
Performance
ETSZ.DE vs. ETDD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ETSZ.DE having a 7.24% return and ETDD.DE slightly higher at 7.30%. Over the past 10 years, ETSZ.DE has underperformed ETDD.DE with an annualized return of 9.16%, while ETDD.DE has yielded a comparatively higher 10.39% 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%
ETDD.DE
- 1D
- 0.77%
- 1M
- 4.76%
- YTD
- 7.30%
- 6M
- 8.68%
- 1Y
- 15.81%
- 3Y*
- 15.57%
- 5Y*
- 11.54%
- 10Y*
- 10.39%
ETSZ.DE vs. ETDD.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% |
ETDD.DE BNP Paribas Easy EURO STOXX 50 UCITS ETF | 7.30% | 22.10% | 10.81% | 22.48% | -8.67% | 23.67% | -2.97% | 29.87% | -12.20% | 9.80% |
Correlation
The correlation between ETSZ.DE and ETDD.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | 0.94 |
The correlation between ETSZ.DE and ETDD.DE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
ETSZ.DE vs. ETDD.DE — Risk / Return Rank
ETSZ.DE
ETDD.DE
ETSZ.DE vs. ETDD.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 EURO STOXX 50 UCITS ETF (ETDD.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 | ETDD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.18 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.44 | +0.28 |
| Martin ratioReturn relative to average drawdown | 6.45 | 4.89 | +1.56 |
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 | ETDD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.99 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.65 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.56 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.40 | +0.12 |
Drawdowns
ETSZ.DE vs. ETDD.DE - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.51%, smaller than the maximum ETDD.DE drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and ETDD.DE.
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Drawdown Indicators
| ETSZ.DE | ETDD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -38.45% | +2.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -10.95% | +1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -16.49% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -23.26% | +2.71% |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | -38.45% | +2.94% |
Current DrawdownCurrent decline from peak | -1.70% | -0.45% | -1.25% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -7.18% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 3.23% | -0.72% |
Volatility
ETSZ.DE vs. ETDD.DE - Volatility Comparison
The current volatility for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) is 4.34%, while BNP Paribas Easy EURO STOXX 50 UCITS ETF (ETDD.DE) has a volatility of 5.00%. This indicates that ETSZ.DE experiences smaller price fluctuations and is considered to be less risky than ETDD.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 | ETDD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 5.00% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 12.97% | -2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 15.93% | -3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 17.55% | -3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 18.31% | -2.77% |
ETSZ.DE vs. ETDD.DE - Expense Ratio Comparison
ETSZ.DE has a 0.20% expense ratio, which is higher than ETDD.DE's 0.18% expense ratio. However, 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. ETDD.DE - Dividend Comparison
Neither ETSZ.DE nor ETDD.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, ETSZ.DE and ETDD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ETDD.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETDD.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for ETSZ.DE.
ETSZ.DE tracks STOXX® Europe 600, while ETDD.DE tracks EURO STOXX® 50. Their fees differ too: 0.20% for ETSZ.DE and 0.18% for ETDD.DE.
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