TRET.DE vs. ESAD.DE

Last updated Jun 5, 2026

TRET.DE (VanEck Global Real Estate UCITS ETF) and ESAD.DE (BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation) are both REIT funds - TRET.DE tracks the GPR Global 100 while ESAD.DE tracks the FTSE EPRA Nareit Developed Green EU CTB. Both are passively managed. Over the past 3 years, TRET.DE returned 7.84%/yr vs 4.85%/yr for ESAD.DE. Their correlation of 0.91 suggests significant overlap in exposure. TRET.DE charges 0.25%/yr vs 0.41%/yr for ESAD.DE.

Performance

TRET.DE vs. ESAD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Global Real Estate UCITS ETF (TRET.DE) and BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRET.DE achieves a 5.31% return, which is significantly lower than ESAD.DE's 7.67% return.

TRET.DE

• 1D: 0.19%
• 1M: -1.75%
• YTD: 5.31%
• 6M: 4.13%
• 1Y: 8.78%
• 3Y*: 7.84%
• 5Y*: 3.26%
• 10Y*: —

ESAD.DE

• 1D: 0.00%
• 1M: -0.65%
• YTD: 7.67%
• 6M: 6.84%
• 1Y: 7.43%
• 3Y*: 4.85%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRET.DE vs. ESAD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TRET.DE VanEck Global Real Estate UCITS ETF	5.31%	1.87%	6.86%	9.89%	-18.51%
ESAD.DE BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation	7.67%	-3.81%	3.54%	7.64%	-19.66%

Correlation

The correlation between TRET.DE and ESAD.DE is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022	0.91

The correlation between TRET.DE and ESAD.DE has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

TRET.DE vs. ESAD.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRET.DE

TRET.DE Risk / Return Rank: 23
TRET.DE Sharpe Ratio Rank: 22
TRET.DE Sortino Ratio Rank: 22
TRET.DE Omega Ratio Rank: 21
TRET.DE Calmar Ratio Rank: 23
TRET.DE Martin Ratio Rank: 25

ESAD.DE

ESAD.DE Risk / Return Rank: 20
ESAD.DE Sharpe Ratio Rank: 20
ESAD.DE Sortino Ratio Rank: 19
ESAD.DE Omega Ratio Rank: 18
ESAD.DE Calmar Ratio Rank: 20
ESAD.DE Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TRET.DE vs. ESAD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Global Real Estate UCITS ETF (TRET.DE) and BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.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.

	TRET.DE	ESAD.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.75	0.63	+0.12
Sortino ratio: Return per unit of downside risk	1.13	0.96	+0.17
Omega ratio: Gain probability vs. loss probability	1.13	1.12	+0.02
Calmar ratio: Return relative to maximum drawdown	1.05	0.90	+0.15
Martin ratio: Return relative to average drawdown	3.38	2.70	+0.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRET.DE vs. ESAD.DE - Sharpe Ratio Comparison

The current TRET.DE Sharpe Ratio is 0.75, which is comparable to the ESAD.DE Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of TRET.DE and ESAD.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRET.DE	ESAD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	0.63	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	-0.12	+0.34

Drawdowns

TRET.DE vs. ESAD.DE - Drawdown Comparison

The maximum TRET.DE drawdown since its inception was -41.75%, which is greater than ESAD.DE's maximum drawdown of -30.37%. Use the drawdown chart below to compare losses from any high point for TRET.DE and ESAD.DE.

Drawdown Indicators

	TRET.DE	ESAD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-41.75%	-30.37%	-11.38%
Max Drawdown (1Y) Largest decline over 1 year	-8.35%	-8.26%	-0.09%
Max Drawdown (3Y) Largest decline over 3 years	-18.60%	-17.22%	-1.38%
Max Drawdown (5Y) Largest decline over 5 years	-30.36%	—	—
Current Drawdown Current decline from peak	-4.46%	-11.52%	+7.06%
Average Drawdown Average peak-to-trough decline	-12.19%	-17.56%	+5.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	2.75%	-0.16%

Volatility

TRET.DE vs. ESAD.DE - Volatility Comparison

VanEck Global Real Estate UCITS ETF (TRET.DE) and BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.DE) have volatilities of 3.05% and 2.98%, 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.

Volatility by Period

	TRET.DE	ESAD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	2.98%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	9.21%	9.07%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	11.66%	11.74%	-0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.15%	14.78%	+0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.83%	14.78%	+3.05%

TRET.DE vs. ESAD.DE - Expense Ratio Comparison

TRET.DE has a 0.25% expense ratio, which is lower than ESAD.DE's 0.41% expense ratio.

Dividends

TRET.DE vs. ESAD.DE - Dividend Comparison

TRET.DE's dividend yield for the trailing twelve months is around 3.48%, while ESAD.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ESAD.DE BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TRET.DE VanEck Global Real Estate UCITS ETF	3.48%	3.66%	3.44%	3.66%	4.69%	1.78%	4.45%	3.31%

Frequently Asked Questions

Can I hold both TRET.DE and ESAD.DE in my portfolio?

With a correlation of 0.90, TRET.DE and ESAD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, TRET.DE or ESAD.DE?

On fees, TRET.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRET.DE or ESAD.DE?

TRET.DE is cheaper with a 0.25% expense ratio, compared with 0.41% for ESAD.DE.

What is the main difference between TRET.DE and ESAD.DE?

TRET.DE tracks GPR Global 100, while ESAD.DE tracks FTSE EPRA Nareit Developed Green EU CTB. They also come from different issuers: VanEck and BNP Paribas. Their fees differ too: 0.25% for TRET.DE and 0.41% for ESAD.DE.