V3MA.DE vs. ESRI.DE

Last updated Jun 5, 2026

V3MA.DE (Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating) and ESRI.DE (BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc) are both Emerging Markets Equities funds - V3MA.DE tracks the FTSE Emerging All Cap Choice while ESRI.DE tracks the MSCI Emerging SRI S-Series PAB 5% Capped. Both are passively managed. Over the past year, V3MA.DE returned 30.41% vs 27.16% for ESRI.DE. Their correlation of 0.85 suggests significant overlap in exposure. V3MA.DE charges 0.24%/yr vs 0.30%/yr for ESRI.DE.

Performance

V3MA.DE vs. ESRI.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.DE) and BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc (ESRI.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

V3MA.DE is traded in EUR, while ESRI.DE is traded in USD. To make them comparable, the ESRI.DE values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with V3MA.DE having a 16.20% return and ESRI.DE slightly higher at 16.44%.

V3MA.DE

• 1D: -0.58%
• 1M: 1.58%
• YTD: 16.20%
• 6M: 16.10%
• 1Y: 30.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ESRI.DE

• 1D: -1.45%
• 1M: 2.40%
• YTD: 16.44%
• 6M: 16.86%
• 1Y: 27.16%
• 3Y*: 11.63%
• 5Y*: 4.48%
• 10Y*: —

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

V3MA.DE vs. ESRI.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
V3MA.DE Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating	16.20%	10.67%	1.36%
ESRI.DE BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc	16.44%	11.11%	-2.00%

Correlation

The correlation between V3MA.DE and ESRI.DE is 0.88, 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	0.88
Correlation (All Time) Calculated using the full available price history since Nov 4, 2024	0.85

The correlation between V3MA.DE and ESRI.DE has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

Return for Risk

V3MA.DE vs. ESRI.DE — Risk / Return Rank

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

V3MA.DE

V3MA.DE Risk / Return Rank: 64
V3MA.DE Sharpe Ratio Rank: 62
V3MA.DE Sortino Ratio Rank: 62
V3MA.DE Omega Ratio Rank: 62
V3MA.DE Calmar Ratio Rank: 70
V3MA.DE Martin Ratio Rank: 64

ESRI.DE

ESRI.DE Risk / Return Rank: 49
ESRI.DE Sharpe Ratio Rank: 49
ESRI.DE Sortino Ratio Rank: 49
ESRI.DE Omega Ratio Rank: 53
ESRI.DE Calmar Ratio Rank: 45
ESRI.DE Martin Ratio Rank: 49

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.

V3MA.DE vs. ESRI.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.DE) and BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc (ESRI.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.

	V3MA.DE	ESRI.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.04	1.61	+0.43
Sortino ratio: Return per unit of downside risk	2.86	2.31	+0.55
Omega ratio: Gain probability vs. loss probability	1.37	1.31	+0.06
Calmar ratio: Return relative to maximum drawdown	3.45	2.39	+1.06
Martin ratio: Return relative to average drawdown	11.63	8.78	+2.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

V3MA.DE vs. ESRI.DE - Sharpe Ratio Comparison

The current V3MA.DE Sharpe Ratio is 2.04, which is comparable to the ESRI.DE Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of V3MA.DE and ESRI.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

	V3MA.DE	ESRI.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	1.61	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	0.39	+0.73

Drawdowns

V3MA.DE vs. ESRI.DE - Drawdown Comparison

The maximum V3MA.DE drawdown since its inception was -19.79%, smaller than the maximum ESRI.DE drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for V3MA.DE and ESRI.DE.

Drawdown Indicators

	V3MA.DE	ESRI.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.79%	-36.06%	+16.27%
Max Drawdown (1Y) Largest decline over 1 year	-9.00%	-11.40%	+2.40%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.43%	—
Current Drawdown Current decline from peak	-1.50%	-2.26%	+0.76%
Average Drawdown Average peak-to-trough decline	-3.29%	-7.76%	+4.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	3.11%	-0.43%

Volatility

V3MA.DE vs. ESRI.DE - Volatility Comparison

The current volatility for Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.DE) is 5.43%, while BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc (ESRI.DE) has a volatility of 6.33%. This indicates that V3MA.DE experiences smaller price fluctuations and is considered to be less risky than ESRI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	V3MA.DE	ESRI.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.43%	6.33%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	12.23%	14.55%	-2.32%
Volatility (1Y) Calculated over the trailing 1-year period	15.26%	16.97%	-1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.83%	15.35%	+1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.83%	18.08%	-1.25%

V3MA.DE vs. ESRI.DE - Expense Ratio Comparison

V3MA.DE has a 0.24% expense ratio, which is lower than ESRI.DE's 0.30% expense ratio.

Dividends

V3MA.DE vs. ESRI.DE - Dividend Comparison

Neither V3MA.DE nor ESRI.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both V3MA.DE and ESRI.DE in my portfolio?

V3MA.DE and ESRI.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, V3MA.DE or ESRI.DE?

On fees, V3MA.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, V3MA.DE or ESRI.DE?

V3MA.DE is cheaper with a 0.24% expense ratio, compared with 0.30% for ESRI.DE.

What is the main difference between V3MA.DE and ESRI.DE?

V3MA.DE tracks FTSE Emerging All Cap Choice, while ESRI.DE tracks MSCI Emerging SRI S-Series PAB 5% Capped. They also come from different issuers: Vanguard and BNP Paribas. Their fees differ too: 0.24% for V3MA.DE and 0.30% for ESRI.DE.