ETSZ.DE vs. QUEJ.DE

Last updated Jun 5, 2026

ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and QUEJ.DE (BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) are both exchange-traded funds - ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600, while QUEJ.DE is a Japan Equities fund tracking the MSCI Japan SRI S-Series PAB 5% Capped. Both are passively managed. Over the past 3 years, ETSZ.DE returned 13.72%/yr vs 2.69%/yr for QUEJ.DE. A 0.53 correlation means they provide meaningful diversification when combined. ETSZ.DE charges 0.20%/yr vs 0.25%/yr for QUEJ.DE.

Performance

ETSZ.DE vs. QUEJ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) and BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (QUEJ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ETSZ.DE having a 7.24% return and QUEJ.DE slightly lower at 7.21%.

ETSZ.DE

• 1D: 0.59%
• 1M: 0.81%
• YTD: 7.24%
• 6M: 9.81%
• 1Y: 15.98%
• 3Y*: 13.72%
• 5Y*: 9.62%
• 10Y*: 9.16%

QUEJ.DE

• 1D: -0.49%
• 1M: 1.71%
• YTD: 7.21%
• 6M: 7.26%
• 1Y: 11.63%
• 3Y*: 2.69%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETSZ.DE vs. QUEJ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF	7.24%	20.43%	8.21%	15.61%	-6.84%
QUEJ.DE BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc	7.21%	3.79%	1.15%	8.13%	-12.67%

Correlation

The correlation between ETSZ.DE and QUEJ.DE is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022	0.53

The correlation between ETSZ.DE and QUEJ.DE has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.

Return for Risk

ETSZ.DE vs. QUEJ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETSZ.DE

ETSZ.DE Risk / Return Rank: 37
ETSZ.DE Sharpe Ratio Rank: 36
ETSZ.DE Sortino Ratio Rank: 36
ETSZ.DE Omega Ratio Rank: 37
ETSZ.DE Calmar Ratio Rank: 35
ETSZ.DE Martin Ratio Rank: 41

QUEJ.DE

QUEJ.DE Risk / Return Rank: 21
QUEJ.DE Sharpe Ratio Rank: 19
QUEJ.DE Sortino Ratio Rank: 20
QUEJ.DE Omega Ratio Rank: 19
QUEJ.DE Calmar Ratio Rank: 22
QUEJ.DE Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETSZ.DE vs. QUEJ.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 MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (QUEJ.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	QUEJ.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.26	0.60	+0.66
Sortino ratio: Return per unit of downside risk	1.85	1.01	+0.84
Omega ratio: Gain probability vs. loss probability	1.24	1.12	+0.12
Calmar ratio: Return relative to maximum drawdown	1.72	1.00	+0.72
Martin ratio: Return relative to average drawdown	6.45	2.91	+3.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETSZ.DE vs. QUEJ.DE - Sharpe Ratio Comparison

The current ETSZ.DE Sharpe Ratio is 1.26, which is higher than the QUEJ.DE Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of ETSZ.DE and QUEJ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ETSZ.DE	QUEJ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	0.60	+0.66
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	0.09	+0.43

Drawdowns

ETSZ.DE vs. QUEJ.DE - Drawdown Comparison

The maximum ETSZ.DE drawdown since its inception was -35.51%, which is greater than QUEJ.DE's maximum drawdown of -15.02%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and QUEJ.DE.

Drawdown Indicators

	ETSZ.DE	QUEJ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.51%	-15.02%	-20.49%
Max Drawdown (1Y) Largest decline over 1 year	-9.39%	-10.45%	+1.06%
Max Drawdown (3Y) Largest decline over 3 years	-16.35%	-13.94%	-2.41%
Max Drawdown (5Y) Largest decline over 5 years	-20.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.51%	—	—
Current Drawdown Current decline from peak	-1.70%	-2.50%	+0.80%
Average Drawdown Average peak-to-trough decline	-5.41%	-6.33%	+0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	3.60%	-1.09%

Volatility

ETSZ.DE vs. QUEJ.DE - Volatility Comparison

BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) has a higher volatility of 4.34% compared to BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (QUEJ.DE) at 3.38%. This indicates that ETSZ.DE's price experiences larger fluctuations and is considered to be riskier than QUEJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETSZ.DE	QUEJ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	3.38%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	10.64%	13.72%	-3.08%
Volatility (1Y) Calculated over the trailing 1-year period	12.84%	17.39%	-4.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.39%	15.36%	-0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.54%	15.36%	+0.18%

ETSZ.DE vs. QUEJ.DE - Expense Ratio Comparison

ETSZ.DE has a 0.20% expense ratio, which is lower than QUEJ.DE's 0.25% expense ratio. Despite the difference, 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. QUEJ.DE - Dividend Comparison

Neither ETSZ.DE nor QUEJ.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ETSZ.DE and QUEJ.DE in my portfolio?

ETSZ.DE and QUEJ.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETSZ.DE or QUEJ.DE?

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.

Which ETF is cheaper, ETSZ.DE or QUEJ.DE?

ETSZ.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for QUEJ.DE.

What is the main difference between ETSZ.DE and QUEJ.DE?

ETSZ.DE is categorized as Europe Equities, while QUEJ.DE is Japan Equities. ETSZ.DE tracks STOXX® Europe 600, while QUEJ.DE tracks MSCI Japan SRI S-Series PAB 5% Capped. Their fees differ too: 0.20% for ETSZ.DE and 0.25% for QUEJ.DE.