ETSZ.DE vs. VALD.DE
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and VALD.DE (BNP Paribas Easy ESG Value Europe UCITS ETF) are both Europe Equities funds from BNP Paribas - ETSZ.DE tracks the STOXX® Europe 600 while VALD.DE tracks the BNP Paribas Value Europe ESG. Both are passively managed. Over the past 5 years, ETSZ.DE returned 9.62%/yr vs 7.81%/yr for VALD.DE. Their correlation of 0.92 suggests significant overlap in exposure. ETSZ.DE charges 0.20%/yr vs 0.30%/yr for VALD.DE.
Performance
ETSZ.DE vs. VALD.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 VALD.DE's 10.40% return.
ETSZ.DE
- 1D
- 0.59%
- 1M
- 3.00%
- YTD
- 7.24%
- 6M
- 9.76%
- 1Y
- 16.19%
- 3Y*
- 13.72%
- 5Y*
- 9.62%
- 10Y*
- 9.16%
VALD.DE
- 1D
- 0.88%
- 1M
- 1.88%
- YTD
- 10.40%
- 6M
- 13.48%
- 1Y
- 18.73%
- 3Y*
- 16.67%
- 5Y*
- 7.81%
- 10Y*
- —
ETSZ.DE vs. VALD.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% | 8.06% |
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF | 10.40% | 23.55% | 9.24% | 14.99% | -19.44% | 23.32% | -12.12% | 17.75% | -12.42% | 14.18% |
Correlation
The correlation between ETSZ.DE and VALD.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2017 | 0.92 |
The correlation between ETSZ.DE and VALD.DE has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
ETSZ.DE vs. VALD.DE — Risk / Return Rank
ETSZ.DE
VALD.DE
ETSZ.DE vs. VALD.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 ESG Value Europe UCITS ETF (VALD.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 | VALD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.47 | -0.76 |
| Martin ratioReturn relative to average drawdown | 6.45 | 8.35 | -1.90 |
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 | VALD.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 | 0.54 | +0.12 |
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 | 0.39 | +0.13 |
Drawdowns
ETSZ.DE vs. VALD.DE - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.51%, smaller than the maximum VALD.DE drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and VALD.DE.
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Drawdown Indicators
| ETSZ.DE | VALD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -41.02% | +5.51% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -7.54% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -14.17% | -2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -31.14% | +10.59% |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | — | — |
Current DrawdownCurrent decline from peak | -1.70% | -0.96% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -8.18% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.24% | +0.27% |
Volatility
ETSZ.DE vs. VALD.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 ESG Value Europe UCITS ETF (VALD.DE) at 3.80%. This indicates that ETSZ.DE's price experiences larger fluctuations and is considered to be riskier than VALD.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 | VALD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 3.80% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 9.29% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 11.54% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 14.41% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 15.89% | -0.35% |
ETSZ.DE vs. VALD.DE - Expense Ratio Comparison
ETSZ.DE has a 0.20% expense ratio, which is lower than VALD.DE's 0.30% expense ratio.
Dividends
ETSZ.DE vs. VALD.DE - Dividend Comparison
ETSZ.DE has not paid dividends to shareholders, while VALD.DE's dividend yield for the trailing twelve months is around 3.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF | 3.00% | 3.36% | 3.35% | 3.36% | 3.99% | 2.17% | 5.02% | 4.92% | 4.84% |
Frequently Asked Questions
ETSZ.DE and VALD.DE have a correlation of 0.88, 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 0.30% for VALD.DE.
ETSZ.DE tracks STOXX® Europe 600, while VALD.DE tracks BNP Paribas Value Europe ESG. Their fees differ too: 0.20% for ETSZ.DE and 0.30% for VALD.DE.
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