ETSZ.DE vs. EXS2.DE
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and EXS2.DE (iShares TecDAX UCITS ETF (DE)) are both Europe Equities funds - ETSZ.DE tracks the STOXX® Europe 600 while EXS2.DE tracks the TecDAX®. Both are passively managed. Over the past 10 years, ETSZ.DE returned 9.16%/yr vs 9.01%/yr for EXS2.DE. A 0.76 correlation means they provide meaningful diversification when combined. ETSZ.DE charges 0.20%/yr vs 0.51%/yr for EXS2.DE.
Performance
ETSZ.DE vs. EXS2.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 EXS2.DE's 15.70% return. Both investments have delivered pretty close results over the past 10 years, with ETSZ.DE having a 9.16% annualized return and EXS2.DE not far behind at 9.01%.
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%
EXS2.DE
- 1D
- 0.52%
- 1M
- 10.51%
- YTD
- 15.70%
- 6M
- 16.91%
- 1Y
- 6.46%
- 3Y*
- 8.54%
- 5Y*
- 3.72%
- 10Y*
- 9.01%
ETSZ.DE vs. EXS2.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% |
EXS2.DE iShares TecDAX UCITS ETF (DE) | 15.70% | 5.33% | 1.63% | 13.54% | -26.00% | 21.07% | 6.12% | 22.25% | -3.77% | 39.90% |
Correlation
The correlation between ETSZ.DE and EXS2.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | 0.76 |
The correlation between ETSZ.DE and EXS2.DE has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
ETSZ.DE vs. EXS2.DE — Risk / Return Rank
ETSZ.DE
EXS2.DE
ETSZ.DE vs. EXS2.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 iShares TecDAX UCITS ETF (DE) (EXS2.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 | EXS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.07 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 0.40 | +1.32 |
| Martin ratioReturn relative to average drawdown | 6.45 | 0.80 | +5.65 |
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 | EXS2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.36 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.20 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.46 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.14 | +0.38 |
Drawdowns
ETSZ.DE vs. EXS2.DE - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.51%, smaller than the maximum EXS2.DE drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and EXS2.DE.
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Drawdown Indicators
| ETSZ.DE | EXS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -84.49% | +48.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -16.12% | +6.73% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -17.93% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -34.97% | +14.42% |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | -34.97% | -0.54% |
Current DrawdownCurrent decline from peak | -1.70% | -0.81% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -39.46% | +34.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 8.07% | -5.56% |
Volatility
ETSZ.DE vs. EXS2.DE - Volatility Comparison
The current volatility for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) is 4.34%, while iShares TecDAX UCITS ETF (DE) (EXS2.DE) has a volatility of 5.29%. This indicates that ETSZ.DE experiences smaller price fluctuations and is considered to be less risky than EXS2.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 | EXS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 5.29% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 14.25% | -3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 17.83% | -4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 18.80% | -4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 19.47% | -3.93% |
ETSZ.DE vs. EXS2.DE - Expense Ratio Comparison
ETSZ.DE has a 0.20% expense ratio, which is lower than EXS2.DE's 0.51% expense ratio.
Dividends
ETSZ.DE vs. EXS2.DE - Dividend Comparison
Neither ETSZ.DE nor EXS2.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EXS2.DE iShares TecDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.15% | 0.25% | 0.36% |
Frequently Asked Questions
ETSZ.DE and EXS2.DE have a correlation of 0.70, 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 0.51% for EXS2.DE.
ETSZ.DE tracks STOXX® Europe 600, while EXS2.DE tracks TecDAX®. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.20% for ETSZ.DE and 0.51% for EXS2.DE.
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