IS20.DE vs. ESAP.DE
IS20.DE (iShares S&P 500 Top 20 UCITS ETF USD Acc) and ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) are both S&P 500 funds - IS20.DE tracks the S&P 500 Top 20 Index while ESAP.DE tracks the S&P 500 Index. Both are passively managed. Over the past year, IS20.DE returned 30.08% vs 25.49% for ESAP.DE. Their correlation of 0.88 suggests significant overlap in exposure. IS20.DE charges 0.10%/yr vs 0.15%/yr for ESAP.DE.
Performance
IS20.DE vs. ESAP.DE - Performance Comparison
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Different Trading Currencies
IS20.DE is traded in EUR, while ESAP.DE is traded in USD. To make them comparable, the ESAP.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IS20.DE achieves a 9.38% return, which is significantly lower than ESAP.DE's 11.28% return.
IS20.DE
- 1D
- -0.38%
- 1M
- 4.82%
- YTD
- 9.38%
- 6M
- 8.62%
- 1Y
- 30.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESAP.DE
- 1D
- -0.13%
- 1M
- 5.18%
- YTD
- 11.28%
- 6M
- 11.26%
- 1Y
- 25.49%
- 3Y*
- 18.74%
- 5Y*
- 14.69%
- 10Y*
- —
IS20.DE vs. ESAP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IS20.DE iShares S&P 500 Top 20 UCITS ETF USD Acc | 9.38% | 6.77% | 6.20% |
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD | 11.29% | 4.09% | 2.05% |
Correlation
The correlation between IS20.DE and ESAP.DE is 0.84, 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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.88 |
The correlation between IS20.DE and ESAP.DE has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
IS20.DE vs. ESAP.DE — Risk / Return Rank
IS20.DE
ESAP.DE
IS20.DE vs. ESAP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Top 20 UCITS ETF USD Acc (IS20.DE) and BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.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.
| IS20.DE | ESAP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 3.55 | -1.20 |
| Martin ratioReturn relative to average drawdown | 7.30 | 12.14 | -4.84 |
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
| IS20.DE | ESAP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 2.03 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.84 | -0.08 |
Drawdowns
IS20.DE vs. ESAP.DE - Drawdown Comparison
The maximum IS20.DE drawdown since its inception was -26.30%, smaller than the maximum ESAP.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for IS20.DE and ESAP.DE.
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Drawdown Indicators
| IS20.DE | ESAP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.30% | -33.74% | +7.44% |
Max Drawdown (1Y)Largest decline over 1 year | -12.73% | -7.14% | -5.59% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.82% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.82% | — |
Current DrawdownCurrent decline from peak | -1.60% | -0.42% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -4.99% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 2.09% | +2.02% |
Volatility
IS20.DE vs. ESAP.DE - Volatility Comparison
iShares S&P 500 Top 20 UCITS ETF USD Acc (IS20.DE) has a higher volatility of 3.65% compared to BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) at 3.01%. This indicates that IS20.DE's price experiences larger fluctuations and is considered to be riskier than ESAP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS20.DE | ESAP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 3.01% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 10.03% | 8.64% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.81% | 12.50% | +2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 15.93% | +3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 17.80% | +1.77% |
IS20.DE vs. ESAP.DE - Expense Ratio Comparison
IS20.DE has a 0.10% expense ratio, which is lower than ESAP.DE's 0.15% 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
IS20.DE vs. ESAP.DE - Dividend Comparison
Neither IS20.DE nor ESAP.DE has paid dividends to shareholders.
Frequently Asked Questions
IS20.DE and ESAP.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS20.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS20.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for ESAP.DE.
IS20.DE tracks S&P 500 Top 20 Index, while ESAP.DE tracks S&P 500 Index. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.10% for IS20.DE and 0.15% for ESAP.DE.
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