EUN1.DE vs. ETSZ.DE
EUN1.DE (iShares STOXX Europe 50 UCITS ETF) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both Europe Equities funds - EUN1.DE tracks the STOXX® Europe 50 while ETSZ.DE tracks the STOXX® Europe 600. Both are passively managed. Over the past 10 years, EUN1.DE returned 9.16%/yr vs 9.16%/yr for ETSZ.DE. With a 0.95 correlation, they move nearly in lockstep. EUN1.DE charges 0.35%/yr vs 0.20%/yr for ETSZ.DE.
Performance
EUN1.DE vs. ETSZ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EUN1.DE having a 7.28% return and ETSZ.DE slightly lower at 7.24%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: EUN1.DE at 9.16% and ETSZ.DE at 9.16%.
EUN1.DE
- 1D
- 0.78%
- 1M
- 2.62%
- YTD
- 7.28%
- 6M
- 9.74%
- 1Y
- 15.85%
- 3Y*
- 12.02%
- 5Y*
- 11.08%
- 10Y*
- 9.16%
ETSZ.DE
- 1D
- 0.59%
- 1M
- 2.47%
- YTD
- 7.24%
- 6M
- 9.85%
- 1Y
- 15.63%
- 3Y*
- 13.72%
- 5Y*
- 9.62%
- 10Y*
- 9.16%
EUN1.DE vs. ETSZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN1.DE iShares STOXX Europe 50 UCITS ETF | 7.28% | 17.86% | 7.29% | 14.83% | -1.88% | 26.01% | -6.66% | 28.44% | -10.45% | 9.14% |
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% |
Correlation
The correlation between EUN1.DE and ETSZ.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | 0.95 |
The correlation between EUN1.DE and ETSZ.DE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
EUN1.DE vs. ETSZ.DE — Risk / Return Rank
EUN1.DE
ETSZ.DE
EUN1.DE vs. ETSZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 50 UCITS ETF (EUN1.DE) and BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.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.
| EUN1.DE | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.72 | -0.03 |
| Martin ratioReturn relative to average drawdown | 5.92 | 6.45 | -0.53 |
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
| EUN1.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.26 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.66 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.59 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.52 | -0.36 |
Drawdowns
EUN1.DE vs. ETSZ.DE - Drawdown Comparison
The maximum EUN1.DE drawdown since its inception was -62.27%, which is greater than ETSZ.DE's maximum drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for EUN1.DE and ETSZ.DE.
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Drawdown Indicators
| EUN1.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.27% | -35.51% | -26.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -9.39% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -17.40% | -16.35% | -1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -17.40% | -20.55% | +3.15% |
Max Drawdown (10Y)Largest decline over 10 years | -32.50% | -35.51% | +3.01% |
Current DrawdownCurrent decline from peak | -1.72% | -1.70% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -20.89% | -5.41% | -15.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.51% | +0.24% |
Volatility
EUN1.DE vs. ETSZ.DE - Volatility Comparison
iShares STOXX Europe 50 UCITS ETF (EUN1.DE) and BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) have volatilities of 4.21% and 4.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUN1.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 4.34% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 11.00% | 10.64% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.43% | 12.84% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 14.39% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 15.54% | -0.28% |
EUN1.DE vs. ETSZ.DE - Expense Ratio Comparison
EUN1.DE has a 0.35% expense ratio, which is higher than ETSZ.DE's 0.20% expense ratio.
Dividends
EUN1.DE vs. ETSZ.DE - Dividend Comparison
EUN1.DE's dividend yield for the trailing twelve months is around 2.41%, while ETSZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
EUN1.DE iShares STOXX Europe 50 UCITS ETF | 2.41% | 2.41% | 2.62% | 2.55% | 2.61% | 2.22% | 2.41% | 2.94% | 3.53% | 3.22% | 3.28% | 3.05% |
Frequently Asked Questions
With a correlation of 0.96, EUN1.DE and ETSZ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.35% for EUN1.DE.
EUN1.DE tracks STOXX® Europe 50, while ETSZ.DE tracks STOXX® Europe 600. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.35% for EUN1.DE and 0.20% for ETSZ.DE.
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