ETSZ.DE vs. SXRY.DE
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and SXRY.DE (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds - ETSZ.DE tracks the STOXX® Europe 600 while SXRY.DE tracks the FTSE MIB. Both are passively managed. Over the past 10 years, ETSZ.DE returned 10.16%/yr vs 17.09%/yr for SXRY.DE. Their correlation of 0.83 suggests significant overlap in exposure. ETSZ.DE charges 0.20%/yr vs 0.33%/yr for SXRY.DE.
Performance
ETSZ.DE vs. SXRY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETSZ.DE achieves a 10.04% return, which is significantly lower than SXRY.DE's 18.23% return. Over the past 10 years, ETSZ.DE has underperformed SXRY.DE with an annualized return of 10.16%, while SXRY.DE has yielded a comparatively higher 17.09% annualized return.
ETSZ.DE
- 1D
- 0.77%
- 1M
- 2.09%
- YTD
- 10.04%
- 6M
- 10.73%
- 1Y
- 22.31%
- 3Y*
- 15.25%
- 5Y*
- 9.90%
- 10Y*
- 10.16%
SXRY.DE
- 1D
- 0.23%
- 1M
- 4.00%
- YTD
- 18.23%
- 6M
- 19.05%
- 1Y
- 37.48%
- 3Y*
- 29.61%
- 5Y*
- 20.54%
- 10Y*
- 17.09%
ETSZ.DE vs. SXRY.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 | 10.04% | 20.39% | 8.24% | 15.59% | -10.31% | 24.87% | -1.48% | 28.89% | -11.23% | 10.67% |
SXRY.DE iShares FTSE MIB UCITS ETF (Acc) | 18.23% | 37.80% | 18.15% | 33.34% | -9.13% | 26.71% | -4.02% | 33.22% | -14.32% | 16.72% |
Correlation
The correlation between ETSZ.DE and SXRY.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2013 | 0.83 |
The correlation between ETSZ.DE and SXRY.DE has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
ETSZ.DE vs. SXRY.DE — Risk / Return Rank
ETSZ.DE
SXRY.DE
ETSZ.DE vs. SXRY.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 FTSE MIB UCITS ETF (Acc) (SXRY.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ETSZ.DE | SXRY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.41 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 3.85 | -1.49 |
| Martin ratioReturn relative to average drawdown | 9.04 | 14.30 | -5.26 |
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Drawdowns
ETSZ.DE vs. SXRY.DE - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.54%, smaller than the maximum SXRY.DE drawdown of -43.59%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and SXRY.DE.
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Drawdown Indicators
| ETSZ.DE | SXRY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -43.59% | +8.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -9.69% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -17.61% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -20.50% | -25.00% | +4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -40.81% | +5.27% |
Current DrawdownCurrent decline from peak | 0.00% | -1.98% | +1.98% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -11.61% | +6.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 2.61% | -0.15% |
Volatility
ETSZ.DE vs. SXRY.DE - Volatility Comparison
The current volatility for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) is 2.92%, while iShares FTSE MIB UCITS ETF (Acc) (SXRY.DE) has a volatility of 3.90%. This indicates that ETSZ.DE experiences smaller price fluctuations and is considered to be less risky than SXRY.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 | SXRY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 3.90% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 12.78% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 15.89% | -2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 18.29% | -3.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.24% | 19.65% | -4.41% |
ETSZ.DE vs. SXRY.DE - Expense Ratio Comparison
ETSZ.DE has a 0.20% expense ratio, which is lower than SXRY.DE's 0.33% expense ratio.
Dividends
ETSZ.DE vs. SXRY.DE - Dividend Comparison
Neither ETSZ.DE nor SXRY.DE has paid dividends to shareholders.
Frequently Asked Questions
ETSZ.DE and SXRY.DE have a correlation of 0.82, 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 0.33% for SXRY.DE.
ETSZ.DE tracks STOXX® Europe 600, while SXRY.DE tracks FTSE MIB. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.20% for ETSZ.DE and 0.33% for SXRY.DE.
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