ETSZ.DE vs. EXUS.DE
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and EXUS.DE (Xtrackers MSCI World ex USA UCITS ETF 1C USD) are both exchange-traded funds - ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600, while EXUS.DE is a Global Equities fund tracking the MSCI World ex USA index. Both are passively managed. Over the past year, ETSZ.DE returned 15.63% vs 20.32% for EXUS.DE. Their correlation of 0.92 suggests significant overlap in exposure. ETSZ.DE charges 0.20%/yr vs 0.15%/yr for EXUS.DE.
Performance
ETSZ.DE vs. EXUS.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 EXUS.DE's 9.64% return.
ETSZ.DE
- 1D
- 0.59%
- 1M
- 2.47%
- YTD
- 7.24%
- 6M
- 9.85%
- 1Y
- 15.63%
- 3Y*
- 13.72%
- 5Y*
- 9.62%
- 10Y*
- 9.16%
EXUS.DE
- 1D
- 0.19%
- 1M
- 2.59%
- YTD
- 9.64%
- 6M
- 11.77%
- 1Y
- 20.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETSZ.DE vs. EXUS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 7.24% | 20.43% | 1.95% |
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD | 9.64% | 17.80% | 5.15% |
Correlation
The correlation between ETSZ.DE and EXUS.DE is 0.92, 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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024 | 0.92 |
The correlation between ETSZ.DE and EXUS.DE has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.
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Return for Risk
ETSZ.DE vs. EXUS.DE — Risk / Return Rank
ETSZ.DE
EXUS.DE
ETSZ.DE vs. EXUS.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 MSCI World ex USA UCITS ETF 1C USD (EXUS.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 | EXUS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.31 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.30 | -0.59 |
| Martin ratioReturn relative to average drawdown | 6.45 | 9.01 | -2.56 |
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 | EXUS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.62 | -0.36 |
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 | 1.10 | -0.58 |
Drawdowns
ETSZ.DE vs. EXUS.DE - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.51%, which is greater than EXUS.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and EXUS.DE.
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Drawdown Indicators
| ETSZ.DE | EXUS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -16.21% | -19.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -8.68% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | — | — |
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% | -0.76% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -1.78% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.23% | +0.28% |
Volatility
ETSZ.DE vs. EXUS.DE - Volatility Comparison
BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) has a higher volatility of 4.34% compared to Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) at 3.28%. This indicates that ETSZ.DE's price experiences larger fluctuations and is considered to be riskier than EXUS.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 | EXUS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 3.28% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 10.06% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 12.37% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 13.39% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 13.39% | +2.15% |
ETSZ.DE vs. EXUS.DE - Expense Ratio Comparison
ETSZ.DE has a 0.20% expense ratio, which is higher than EXUS.DE's 0.15% 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. EXUS.DE - Dividend Comparison
Neither ETSZ.DE nor EXUS.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, ETSZ.DE and EXUS.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, EXUS.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXUS.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for ETSZ.DE.
ETSZ.DE is categorized as Europe Equities, while EXUS.DE is Global Equities. ETSZ.DE tracks STOXX® Europe 600, while EXUS.DE tracks MSCI World ex USA index. They also come from different issuers: BNP Paribas and Xtrackers. Their fees differ too: 0.20% for ETSZ.DE and 0.15% for EXUS.DE.
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