ETSZ.DE vs. L100.L
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and L100.L (Lyxor FTSE 100 UCITS ETF - Acc) are both Europe Equities funds - ETSZ.DE tracks the STOXX® Europe 600 while L100.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, ETSZ.DE returned 9.47%/yr vs 8.29%/yr for L100.L. Their correlation of 0.83 suggests significant overlap in exposure. ETSZ.DE charges 0.20%/yr vs 0.14%/yr for L100.L.
Performance
ETSZ.DE vs. L100.L - Performance Comparison
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Different Trading Currencies
ETSZ.DE is traded in EUR, while L100.L is traded in GBp. To make them comparable, the L100.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with ETSZ.DE having a 7.37% return and L100.L slightly lower at 7.19%. Over the past 10 years, ETSZ.DE has outperformed L100.L with an annualized return of 9.47%, while L100.L has yielded a comparatively lower 8.29% annualized return.
ETSZ.DE
- 1D
- 0.59%
- 1M
- 2.60%
- YTD
- 7.37%
- 6M
- 9.96%
- 1Y
- 15.72%
- 3Y*
- 13.71%
- 5Y*
- 9.51%
- 10Y*
- 9.47%
L100.L
- 1D
- -0.07%
- 1M
- 1.68%
- YTD
- 7.19%
- 6M
- 10.42%
- 1Y
- 17.91%
- 3Y*
- 14.56%
- 5Y*
- 11.72%
- 10Y*
- 8.29%
ETSZ.DE vs. L100.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 7.37% | 20.39% | 8.24% | 15.59% | -10.31% | 24.87% | -1.48% | 28.89% | -11.23% | 10.67% |
L100.L Lyxor FTSE 100 UCITS ETF - Acc | 7.19% | 19.26% | 14.56% | 9.64% | -0.55% | 25.59% | -16.58% | 24.87% | -10.26% | 7.67% |
Correlation
The correlation between ETSZ.DE and L100.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2013 | 0.83 |
The correlation between ETSZ.DE and L100.L has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
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Return for Risk
ETSZ.DE vs. L100.L — Risk / Return Rank
ETSZ.DE
L100.L
ETSZ.DE vs. L100.L - 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 Lyxor FTSE 100 UCITS ETF - Acc (L100.L). 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 | L100.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 2.30 | -0.62 |
| Martin ratioReturn relative to average drawdown | 6.29 | 8.08 | -1.80 |
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 | L100.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.51 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.83 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.49 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.27 | +0.27 |
Drawdowns
ETSZ.DE vs. L100.L - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.54%, smaller than the maximum L100.L drawdown of -54.00%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and L100.L.
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Drawdown Indicators
| ETSZ.DE | L100.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -54.00% | +18.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -7.75% | -1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -16.31% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.50% | -16.31% | -4.19% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -40.06% | +4.52% |
Current DrawdownCurrent decline from peak | -1.63% | -2.45% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -11.11% | +5.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.21% | +0.29% |
Volatility
ETSZ.DE vs. L100.L - Volatility Comparison
BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) has a higher volatility of 4.23% compared to Lyxor FTSE 100 UCITS ETF - Acc (L100.L) at 3.32%. This indicates that ETSZ.DE's price experiences larger fluctuations and is considered to be riskier than L100.L 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 | L100.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 3.32% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 9.92% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 11.83% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 14.11% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.50% | 16.82% | -1.32% |
ETSZ.DE vs. L100.L - Expense Ratio Comparison
ETSZ.DE has a 0.20% expense ratio, which is higher than L100.L's 0.14% 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. L100.L - Dividend Comparison
Neither ETSZ.DE nor L100.L has paid dividends to shareholders.
Frequently Asked Questions
ETSZ.DE and L100.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, L100.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
L100.L is cheaper with a 0.14% expense ratio, compared with 0.20% for ETSZ.DE.
ETSZ.DE tracks STOXX® Europe 600, while L100.L tracks FTSE AllSh TR GBP. They also come from different issuers: BNP Paribas and Amundi. Their fees differ too: 0.20% for ETSZ.DE and 0.14% for L100.L.
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