L100.L vs. ETSZ.DE
L100.L (Lyxor FTSE 100 UCITS ETF - Acc) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both Europe Equities funds - L100.L tracks the FTSE AllSh TR GBP while ETSZ.DE tracks the STOXX® Europe 600. Both are passively managed. Over the past 10 years, L100.L returned 9.29%/yr vs 10.41%/yr for ETSZ.DE. Their correlation of 0.82 suggests significant overlap in exposure. L100.L charges 0.14%/yr vs 0.20%/yr for ETSZ.DE.
Performance
L100.L vs. ETSZ.DE - Performance Comparison
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Different Trading Currencies
L100.L is traded in GBp, while ETSZ.DE is traded in EUR. To make them comparable, the ETSZ.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, L100.L achieves a 6.18% return, which is significantly higher than ETSZ.DE's 5.76% return. Over the past 10 years, L100.L has underperformed ETSZ.DE with an annualized return of 9.29%, while ETSZ.DE has yielded a comparatively higher 10.41% annualized return.
L100.L
- 1D
- -0.01%
- 1M
- 1.68%
- YTD
- 6.18%
- 6M
- 9.31%
- 1Y
- 21.05%
- 3Y*
- 15.00%
- 5Y*
- 11.77%
- 10Y*
- 9.29%
ETSZ.DE
- 1D
- 0.00%
- 1M
- 1.96%
- YTD
- 5.76%
- 6M
- 8.15%
- 1Y
- 18.04%
- 3Y*
- 13.91%
- 5Y*
- 9.53%
- 10Y*
- 10.41%
L100.L vs. ETSZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
L100.L Lyxor FTSE 100 UCITS ETF - Acc | 6.18% | 25.82% | 9.29% | 7.37% | 4.86% | 17.92% | -11.79% | 17.40% | -9.14% | 12.09% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 5.76% | 26.65% | 3.52% | 13.28% | -5.40% | 16.06% | 4.08% | 22.19% | -9.98% | 15.40% |
Correlation
The correlation between L100.L and ETSZ.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2013 | 0.82 |
The correlation between L100.L and ETSZ.DE has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.
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Return for Risk
L100.L vs. ETSZ.DE — Risk / Return Rank
L100.L
ETSZ.DE
L100.L vs. ETSZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor FTSE 100 UCITS ETF - Acc (L100.L) 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.
| L100.L | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.27 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 1.74 | +0.59 |
| Martin ratioReturn relative to average drawdown | 7.97 | 6.31 | +1.66 |
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
| L100.L | ETSZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 1.44 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.66 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.68 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.57 | -0.23 |
Drawdowns
L100.L vs. ETSZ.DE - Drawdown Comparison
The maximum L100.L drawdown since its inception was -43.92%, which is greater than ETSZ.DE's maximum drawdown of -27.68%. Use the drawdown chart below to compare losses from any high point for L100.L and ETSZ.DE.
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Drawdown Indicators
| L100.L | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.92% | -27.68% | -16.24% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -10.38% | +1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -13.01% | -13.85% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -13.01% | -16.85% | +3.84% |
Max Drawdown (10Y)Largest decline over 10 years | -34.64% | -27.68% | -6.96% |
Current DrawdownCurrent decline from peak | -3.81% | -1.98% | -1.83% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -4.22% | -2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.86% | -0.23% |
Volatility
L100.L vs. ETSZ.DE - Volatility Comparison
The current volatility for Lyxor FTSE 100 UCITS ETF - Acc (L100.L) is 2.91%, while BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) has a volatility of 3.97%. This indicates that L100.L experiences smaller price fluctuations and is considered to be less risky than ETSZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| L100.L | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 3.97% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 10.58% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.96% | 12.50% | -1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.82% | 14.27% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.08% | 15.16% | -0.08% |
L100.L vs. ETSZ.DE - Expense Ratio Comparison
L100.L has a 0.14% expense ratio, which is lower than ETSZ.DE's 0.20% 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
L100.L vs. ETSZ.DE - Dividend Comparison
Neither L100.L nor ETSZ.DE has paid dividends to shareholders.
Frequently Asked Questions
L100.L and ETSZ.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, L100.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
L100.L is cheaper with a 0.14% expense ratio, compared with 0.20% for ETSZ.DE.
L100.L tracks FTSE AllSh TR GBP, while ETSZ.DE tracks STOXX® Europe 600. They also come from different issuers: Amundi and BNP Paribas. Their fees differ too: 0.14% for L100.L and 0.20% for ETSZ.DE.
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