PAC.DE vs. ETSZ.DE
PAC.DE (BNP Paribas Easy MSCI Pacific ex Japan ESG Filtered Min TE UCITS ETF) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both exchange-traded funds - PAC.DE is a Asia Pacific Equities fund tracking the MSCI Pacific ex Japan ESG Filtered Min TE, while ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 5 years, PAC.DE returned 5.97%/yr vs 9.62%/yr for ETSZ.DE. A 0.72 correlation means they provide meaningful diversification when combined. PAC.DE charges 0.16%/yr vs 0.20%/yr for ETSZ.DE.
Performance
PAC.DE vs. ETSZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PAC.DE achieves a 8.00% return, which is significantly higher than ETSZ.DE's 7.24% return.
PAC.DE
- 1D
- -0.85%
- 1M
- -0.06%
- YTD
- 8.00%
- 6M
- 9.57%
- 1Y
- 12.71%
- 3Y*
- 9.63%
- 5Y*
- 5.97%
- 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%
PAC.DE vs. ETSZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAC.DE BNP Paribas Easy MSCI Pacific ex Japan ESG Filtered Min TE UCITS ETF | 8.00% | 6.73% | 12.07% | 2.38% | 0.50% | 12.85% | -2.66% | 21.45% | -6.04% | 10.46% |
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 PAC.DE and ETSZ.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2016 | 0.72 |
The correlation between PAC.DE and ETSZ.DE has been stable across timeframes, ranging from 0.70 to 0.72 - a consistent structural relationship.
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Return for Risk
PAC.DE vs. ETSZ.DE — Risk / Return Rank
PAC.DE
ETSZ.DE
PAC.DE vs. ETSZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI Pacific ex Japan ESG Filtered Min TE UCITS ETF (PAC.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.
| PAC.DE | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.72 | +0.28 |
| Martin ratioReturn relative to average drawdown | 5.65 | 6.45 | -0.80 |
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
| PAC.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.26 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.66 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.52 | -0.09 |
Drawdowns
PAC.DE vs. ETSZ.DE - Drawdown Comparison
The maximum PAC.DE drawdown since its inception was -36.90%, roughly equal to the maximum ETSZ.DE drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for PAC.DE and ETSZ.DE.
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Drawdown Indicators
| PAC.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.90% | -35.51% | -1.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.33% | -9.39% | +3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -20.21% | -16.35% | -3.86% |
Max Drawdown (5Y)Largest decline over 5 years | -20.21% | -20.55% | +0.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.51% | — |
Current DrawdownCurrent decline from peak | -2.33% | -1.70% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -5.41% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.51% | -0.26% |
Volatility
PAC.DE vs. ETSZ.DE - Volatility Comparison
The current volatility for BNP Paribas Easy MSCI Pacific ex Japan ESG Filtered Min TE UCITS ETF (PAC.DE) is 3.19%, while BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) has a volatility of 4.34%. This indicates that PAC.DE 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
| PAC.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 4.34% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 10.64% | -1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 12.84% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.54% | 14.39% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 15.54% | +0.98% |
PAC.DE vs. ETSZ.DE - Expense Ratio Comparison
PAC.DE has a 0.16% 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
PAC.DE vs. ETSZ.DE - Dividend Comparison
Neither PAC.DE nor ETSZ.DE has paid dividends to shareholders.
Frequently Asked Questions
PAC.DE and ETSZ.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PAC.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PAC.DE is cheaper with a 0.16% expense ratio, compared with 0.20% for ETSZ.DE.
PAC.DE is categorized as Asia Pacific Equities, while ETSZ.DE is Europe Equities. PAC.DE tracks MSCI Pacific ex Japan ESG Filtered Min TE, while ETSZ.DE tracks STOXX® Europe 600. Their fees differ too: 0.16% for PAC.DE and 0.20% for ETSZ.DE.
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