ETSZ.DE vs. EXV8.DE
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and EXV8.DE (iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE)) are both exchange-traded funds - ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600, while EXV8.DE is a Industrials Equities fund tracking the STOXX® Europe 600 Construction & Materials. Both are passively managed. Over the past 10 years, ETSZ.DE returned 9.16%/yr vs 10.37%/yr for EXV8.DE. Their correlation of 0.86 suggests significant overlap in exposure. ETSZ.DE charges 0.20%/yr vs 0.46%/yr for EXV8.DE.
Performance
ETSZ.DE vs. EXV8.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 higher than EXV8.DE's 1.00% return. Over the past 10 years, ETSZ.DE has underperformed EXV8.DE with an annualized return of 9.16%, while EXV8.DE has yielded a comparatively higher 10.37% annualized 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%
EXV8.DE
- 1D
- 0.17%
- 1M
- -2.48%
- YTD
- 1.00%
- 6M
- 2.20%
- 1Y
- 6.66%
- 3Y*
- 15.58%
- 5Y*
- 9.70%
- 10Y*
- 10.37%
ETSZ.DE vs. EXV8.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% |
EXV8.DE iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) | 1.00% | 25.00% | 6.42% | 33.57% | -18.92% | 32.25% | -2.02% | 42.92% | -17.87% | 10.41% |
Correlation
The correlation between ETSZ.DE and EXV8.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2013 | 0.86 |
The correlation between ETSZ.DE and EXV8.DE has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
ETSZ.DE vs. EXV8.DE — Risk / Return Rank
ETSZ.DE
EXV8.DE
ETSZ.DE vs. EXV8.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 STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.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 | EXV8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.08 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 0.49 | +1.23 |
| Martin ratioReturn relative to average drawdown | 6.45 | 1.50 | +4.94 |
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 | EXV8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.38 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.49 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.51 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.44 | +0.08 |
Drawdowns
ETSZ.DE vs. EXV8.DE - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.51%, smaller than the maximum EXV8.DE drawdown of -66.09%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and EXV8.DE.
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Drawdown Indicators
| ETSZ.DE | EXV8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -66.09% | +30.58% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -15.30% | +5.91% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -16.83% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -29.23% | +8.68% |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | -42.81% | +7.30% |
Current DrawdownCurrent decline from peak | -1.70% | -6.66% | +4.96% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -15.00% | +9.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 5.00% | -2.49% |
Volatility
ETSZ.DE vs. EXV8.DE - Volatility Comparison
The current volatility for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) is 4.34%, while iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.DE) has a volatility of 6.24%. This indicates that ETSZ.DE experiences smaller price fluctuations and is considered to be less risky than EXV8.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 | EXV8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 6.24% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 16.12% | -5.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 19.72% | -6.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 19.47% | -5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 20.26% | -4.72% |
ETSZ.DE vs. EXV8.DE - Expense Ratio Comparison
ETSZ.DE has a 0.20% expense ratio, which is lower than EXV8.DE's 0.46% expense ratio.
Dividends
ETSZ.DE vs. EXV8.DE - Dividend Comparison
ETSZ.DE has not paid dividends to shareholders, while EXV8.DE's dividend yield for the trailing twelve months is around 1.39%.
| 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% |
EXV8.DE iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) | 1.39% | 1.39% | 1.69% | 1.59% | 1.78% | 1.34% | 0.53% | 1.55% | 1.66% | 2.87% | 2.80% | 2.79% |
Frequently Asked Questions
ETSZ.DE and EXV8.DE have a correlation of 0.83, 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 0.46% for EXV8.DE.
ETSZ.DE is categorized as Europe Equities, while EXV8.DE is Industrials Equities. ETSZ.DE tracks STOXX® Europe 600, while EXV8.DE tracks STOXX® Europe 600 Construction & Materials. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.20% for ETSZ.DE and 0.46% for EXV8.DE.
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