LOWD.DE vs. ETSZ.DE
LOWD.DE (BNP Paribas Easy Low Carbon 300 World PAB UCITS ETF Acc) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both exchange-traded funds - LOWD.DE is a Global Equities fund tracking the Low Carbon 300 World PAB, while ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 3 years, LOWD.DE returned 16.41%/yr vs 13.72%/yr for ETSZ.DE. Their correlation of 0.80 suggests significant overlap in exposure. LOWD.DE charges 0.30%/yr vs 0.20%/yr for ETSZ.DE.
Performance
LOWD.DE vs. ETSZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LOWD.DE achieves a 10.58% return, which is significantly higher than ETSZ.DE's 7.24% return.
LOWD.DE
- 1D
- 0.72%
- 1M
- 8.55%
- YTD
- 10.58%
- 6M
- 11.62%
- 1Y
- 16.33%
- 3Y*
- 16.41%
- 5Y*
- —
- 10Y*
- —
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%
LOWD.DE vs. ETSZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LOWD.DE BNP Paribas Easy Low Carbon 300 World PAB UCITS ETF Acc | 10.58% | 4.27% | 25.87% | 26.12% | -10.62% | 17.09% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 7.24% | 20.43% | 8.21% | 15.61% | -10.31% | 8.17% |
Correlation
The correlation between LOWD.DE 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.80 |
The correlation between LOWD.DE and ETSZ.DE has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
LOWD.DE vs. ETSZ.DE — Risk / Return Rank
LOWD.DE
ETSZ.DE
LOWD.DE vs. ETSZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy Low Carbon 300 World PAB UCITS ETF Acc (LOWD.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.
| LOWD.DE | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.72 | +0.34 |
| Martin ratioReturn relative to average drawdown | 6.55 | 6.45 | +0.10 |
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
| LOWD.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.26 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.52 | +0.46 |
Drawdowns
LOWD.DE vs. ETSZ.DE - Drawdown Comparison
The maximum LOWD.DE drawdown since its inception was -19.08%, smaller than the maximum ETSZ.DE drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for LOWD.DE and ETSZ.DE.
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Drawdown Indicators
| LOWD.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.08% | -35.51% | +16.43% |
Max Drawdown (1Y)Largest decline over 1 year | -7.90% | -9.39% | +1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -19.08% | -16.35% | -2.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.51% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.70% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -5.41% | +1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.51% | -0.02% |
Volatility
LOWD.DE vs. ETSZ.DE - Volatility Comparison
BNP Paribas Easy Low Carbon 300 World PAB UCITS ETF Acc (LOWD.DE) and BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) have volatilities of 4.29% 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
| LOWD.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 4.34% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 10.64% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.24% | 12.84% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 14.39% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.21% | 15.54% | -1.33% |
LOWD.DE vs. ETSZ.DE - Expense Ratio Comparison
LOWD.DE has a 0.30% expense ratio, which is higher than ETSZ.DE's 0.20% expense ratio.
Dividends
LOWD.DE vs. ETSZ.DE - Dividend Comparison
Neither LOWD.DE nor ETSZ.DE has paid dividends to shareholders.
Frequently Asked Questions
LOWD.DE 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, 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 LOWD.DE.
LOWD.DE is categorized as Global Equities, while ETSZ.DE is Europe Equities. LOWD.DE tracks Low Carbon 300 World PAB, while ETSZ.DE tracks STOXX® Europe 600. Their fees differ too: 0.30% for LOWD.DE and 0.20% for ETSZ.DE.
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