ETSZ.DE vs. XB4A.DE
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) are both Europe Equities funds - ETSZ.DE tracks the STOXX® Europe 600 while XB4A.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, ETSZ.DE returned 9.62%/yr vs 14.60%/yr for XB4A.DE. A 0.73 correlation means they provide meaningful diversification when combined. ETSZ.DE charges 0.20%/yr vs 0.25%/yr for XB4A.DE.
Performance
ETSZ.DE vs. XB4A.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETSZ.DE achieves a 10.30% return, which is significantly lower than XB4A.DE's 22.80% return. Over the past 10 years, ETSZ.DE has underperformed XB4A.DE with an annualized return of 9.62%, while XB4A.DE has yielded a comparatively higher 14.60% annualized return.
ETSZ.DE
- 1D
- -0.38%
- 1M
- 0.38%
- 6M
- 6.24%
- YTD
- 10.30%
- 1Y
- 20.23%
- 3Y*
- 14.60%
- 5Y*
- 10.09%
- 10Y*
- 9.62%
XB4A.DE
- 1D
- -1.41%
- 1M
- -2.86%
- 6M
- 19.27%
- YTD
- 22.80%
- 1Y
- 45.21%
- 3Y*
- 30.57%
- 5Y*
- 17.80%
- 10Y*
- 14.60%
ETSZ.DE vs. XB4A.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 | 10.30% | 20.39% | 8.24% | 15.59% | -10.31% | 24.87% | -1.48% | 28.89% | -11.23% | 10.67% |
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 22.80% | 51.29% | 11.01% | 14.27% | -16.45% | 42.39% | -10.86% | 19.79% | -17.99% | 32.88% |
Correlation
The correlation between ETSZ.DE and XB4A.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2013 | 0.73 |
The correlation between ETSZ.DE and XB4A.DE has been stable across timeframes, ranging from 0.71 to 0.74 - a consistent structural relationship.
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. XB4A.DE — Risk / Return Rank
ETSZ.DE
XB4A.DE
ETSZ.DE vs. XB4A.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 Xtrackers ATX UCITS ETF (Acc) (XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 4.13 | -1.99 |
| Martin ratioReturn relative to average drawdown | 8.20 | 13.97 | -5.77 |
Loading charts...
Drawdowns
ETSZ.DE vs. XB4A.DE - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.54%, smaller than the maximum XB4A.DE drawdown of -53.54%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and XB4A.DE.
Loading charts...
Drawdown Indicators
| ETSZ.DE | XB4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -53.54% | +18.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -10.88% | +1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -16.26% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -20.50% | -32.50% | +12.00% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -53.54% | +18.00% |
Current DrawdownCurrent decline from peak | -1.68% | -3.43% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -9.88% | +4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 3.23% | -0.77% |
Volatility
ETSZ.DE vs. XB4A.DE - Volatility Comparison
The current volatility for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) is 3.08%, while Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) has a volatility of 4.97%. This indicates that ETSZ.DE experiences smaller price fluctuations and is considered to be less risky than XB4A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETSZ.DE | XB4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 4.97% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 14.95% | -3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.99% | 17.66% | -4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 19.15% | -4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 20.15% | -4.97% |
ETSZ.DE vs. XB4A.DE - Expense Ratio Comparison
ETSZ.DE has a 0.20% expense ratio, which is lower than XB4A.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. XB4A.DE - Dividend Comparison
Neither ETSZ.DE nor XB4A.DE has paid dividends to shareholders.
Frequently Asked Questions
ETSZ.DE and XB4A.DE have a correlation of 0.73, 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 0.25% for XB4A.DE.
ETSZ.DE tracks STOXX® Europe 600, while XB4A.DE tracks ATX Index. They also come from different issuers: BNP Paribas and Xtrackers. Their fees differ too: 0.20% for ETSZ.DE and 0.25% for XB4A.DE.
Find the right allocation for ETSZ.DE and XB4A.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