QUEJ.DE vs. ETSZ.DE
QUEJ.DE (BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both exchange-traded funds - QUEJ.DE is a Japan Equities fund tracking the MSCI Japan SRI S-Series PAB 5% Capped, while ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 3 years, QUEJ.DE returned 2.69%/yr vs 13.72%/yr for ETSZ.DE. A 0.53 correlation means they provide meaningful diversification when combined. QUEJ.DE charges 0.25%/yr vs 0.20%/yr for ETSZ.DE.
Performance
QUEJ.DE vs. ETSZ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with QUEJ.DE having a 7.21% return and ETSZ.DE slightly higher at 7.24%.
QUEJ.DE
- 1D
- -0.49%
- 1M
- 1.71%
- YTD
- 7.21%
- 6M
- 7.26%
- 1Y
- 11.63%
- 3Y*
- 2.69%
- 5Y*
- —
- 10Y*
- —
ETSZ.DE
- 1D
- 0.59%
- 1M
- 0.81%
- YTD
- 7.24%
- 6M
- 9.81%
- 1Y
- 15.98%
- 3Y*
- 13.72%
- 5Y*
- 9.62%
- 10Y*
- 9.16%
QUEJ.DE vs. ETSZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QUEJ.DE BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc | 7.21% | 3.79% | 1.15% | 8.13% | -12.67% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 7.24% | 20.43% | 8.21% | 15.61% | -6.84% |
Correlation
The correlation between QUEJ.DE and ETSZ.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022 | 0.53 |
The correlation between QUEJ.DE and ETSZ.DE has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.
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Return for Risk
QUEJ.DE vs. ETSZ.DE — Risk / Return Rank
QUEJ.DE
ETSZ.DE
QUEJ.DE vs. ETSZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (QUEJ.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.
| QUEJ.DE | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.24 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.72 | -0.72 |
| Martin ratioReturn relative to average drawdown | 2.91 | 6.45 | -3.54 |
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
| QUEJ.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 1.26 | -0.66 |
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 | 0.09 | 0.52 | -0.43 |
Drawdowns
QUEJ.DE vs. ETSZ.DE - Drawdown Comparison
The maximum QUEJ.DE drawdown since its inception was -15.02%, smaller than the maximum ETSZ.DE drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for QUEJ.DE and ETSZ.DE.
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Drawdown Indicators
| QUEJ.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.02% | -35.51% | +20.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.45% | -9.39% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -16.35% | +2.41% |
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 | -2.50% | -1.70% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -6.33% | -5.41% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 2.51% | +1.09% |
Volatility
QUEJ.DE vs. ETSZ.DE - Volatility Comparison
The current volatility for BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (QUEJ.DE) is 3.38%, while BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) has a volatility of 4.34%. This indicates that QUEJ.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
| QUEJ.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 4.34% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 13.72% | 10.64% | +3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.39% | 12.84% | +4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.36% | 14.39% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.36% | 15.54% | -0.18% |
QUEJ.DE vs. ETSZ.DE - Expense Ratio Comparison
QUEJ.DE has a 0.25% expense ratio, which is higher than ETSZ.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
QUEJ.DE vs. ETSZ.DE - Dividend Comparison
Neither QUEJ.DE nor ETSZ.DE has paid dividends to shareholders.
Frequently Asked Questions
QUEJ.DE and ETSZ.DE have a correlation of 0.58, 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 0.25% for QUEJ.DE.
QUEJ.DE is categorized as Japan Equities, while ETSZ.DE is Europe Equities. QUEJ.DE tracks MSCI Japan SRI S-Series PAB 5% Capped, while ETSZ.DE tracks STOXX® Europe 600. Their fees differ too: 0.25% for QUEJ.DE and 0.20% for ETSZ.DE.
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