ETSZ.DE vs. VLEU.DE
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and VLEU.DE (BNP Paribas Easy ESG Low Volatility Europe UCITS ETF) are both Europe Equities funds from BNP Paribas - ETSZ.DE tracks the STOXX® Europe 600 while VLEU.DE tracks the BNP Paribas Low Vol Europe ESG. Both are passively managed. Over the past 5 years, ETSZ.DE returned 9.62%/yr vs 7.63%/yr for VLEU.DE. A 0.68 correlation means they provide meaningful diversification when combined. ETSZ.DE charges 0.20%/yr vs 0.30%/yr for VLEU.DE.
Performance
ETSZ.DE vs. VLEU.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETSZ.DE achieves a 7.24% return, which is significantly higher than VLEU.DE's 4.90% 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%
VLEU.DE
- 1D
- 0.81%
- 1M
- 0.97%
- YTD
- 4.90%
- 6M
- 6.83%
- 1Y
- 6.35%
- 3Y*
- 10.05%
- 5Y*
- 7.63%
- 10Y*
- —
ETSZ.DE vs. VLEU.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% |
VLEU.DE BNP Paribas Easy ESG Low Volatility Europe UCITS ETF | 4.90% | 12.78% | 10.91% | 11.65% | -13.54% | 27.36% | -5.16% | 25.67% | -3.52% | 14.10% |
Correlation
The correlation between ETSZ.DE and VLEU.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2016 | 0.68 |
The correlation between ETSZ.DE and VLEU.DE shifts across timeframes, from 0.68 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETSZ.DE vs. VLEU.DE — Risk / Return Rank
ETSZ.DE
VLEU.DE
ETSZ.DE vs. VLEU.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 Low Volatility Europe UCITS ETF (VLEU.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 | VLEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.11 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 0.62 | +1.09 |
| Martin ratioReturn relative to average drawdown | 6.45 | 1.83 | +4.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ETSZ.DE | VLEU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.55 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.69 | -0.03 |
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 | 0.76 | -0.24 |
Drawdowns
ETSZ.DE vs. VLEU.DE - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.51%, which is greater than VLEU.DE's maximum drawdown of -32.22%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and VLEU.DE.
Loading charts...
Drawdown Indicators
| ETSZ.DE | VLEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -32.22% | -3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -10.14% | +0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -12.56% | -3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -19.89% | -0.66% |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | — | — |
Current DrawdownCurrent decline from peak | -1.70% | -4.49% | +2.79% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -5.37% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 3.46% | -0.95% |
Volatility
ETSZ.DE vs. VLEU.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 Low Volatility Europe UCITS ETF (VLEU.DE) at 3.76%. This indicates that ETSZ.DE's price experiences larger fluctuations and is considered to be riskier than VLEU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETSZ.DE | VLEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 3.76% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 9.58% | +1.06% |
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% | 14.47% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 16.57% | -1.03% |
ETSZ.DE vs. VLEU.DE - Expense Ratio Comparison
ETSZ.DE has a 0.20% expense ratio, which is lower than VLEU.DE's 0.30% expense ratio.
Dividends
ETSZ.DE vs. VLEU.DE - Dividend Comparison
Neither ETSZ.DE nor VLEU.DE has paid dividends to shareholders.
Frequently Asked Questions
ETSZ.DE and VLEU.DE have a correlation of 0.87, 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 VLEU.DE.
ETSZ.DE tracks STOXX® Europe 600, while VLEU.DE tracks BNP Paribas Low Vol Europe ESG. Their fees differ too: 0.20% for ETSZ.DE and 0.30% for VLEU.DE.
Find the right allocation for ETSZ.DE and VLEU.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer