VALD.DE vs. EL43.DE
VALD.DE (BNP Paribas Easy ESG Value Europe UCITS ETF) and EL43.DE (Deka MSCI Europe MC UCITS ETF) are both Europe Equities funds - VALD.DE tracks the BNP Paribas Value Europe ESG while EL43.DE tracks the MSCI Europe Mid Cap. Both are passively managed. Over the past 5 years, VALD.DE returned 7.81%/yr vs 7.18%/yr for EL43.DE. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
VALD.DE vs. EL43.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VALD.DE achieves a 10.40% return, which is significantly higher than EL43.DE's 7.83% return.
VALD.DE
- 1D
- 0.88%
- 1M
- 1.88%
- YTD
- 10.40%
- 6M
- 13.48%
- 1Y
- 18.73%
- 3Y*
- 16.67%
- 5Y*
- 7.81%
- 10Y*
- —
EL43.DE
- 1D
- 0.20%
- 1M
- 1.26%
- YTD
- 7.83%
- 6M
- 10.02%
- 1Y
- 15.49%
- 3Y*
- 14.70%
- 5Y*
- 7.18%
- 10Y*
- 8.48%
VALD.DE vs. EL43.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF | 10.40% | 23.55% | 9.24% | 14.99% | -19.44% | 23.32% | -12.12% | 17.75% | -12.42% | 14.18% |
EL43.DE Deka MSCI Europe MC UCITS ETF | 7.83% | 23.35% | 7.52% | 14.30% | -19.19% | 21.35% | 4.43% | 31.27% | -13.55% | 9.51% |
Correlation
The correlation between VALD.DE and EL43.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2017 | 0.83 |
The correlation between VALD.DE and EL43.DE has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
VALD.DE vs. EL43.DE — Risk / Return Rank
VALD.DE
EL43.DE
VALD.DE vs. EL43.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ESG Value Europe UCITS ETF (VALD.DE) and Deka MSCI Europe MC UCITS ETF (EL43.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.
| VALD.DE | EL43.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 1.84 | +0.63 |
| Martin ratioReturn relative to average drawdown | 8.35 | 6.82 | +1.54 |
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
| VALD.DE | EL43.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.28 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.40 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.58 | -0.19 |
Drawdowns
VALD.DE vs. EL43.DE - Drawdown Comparison
The maximum VALD.DE drawdown since its inception was -41.02%, which is greater than EL43.DE's maximum drawdown of -37.81%. Use the drawdown chart below to compare losses from any high point for VALD.DE and EL43.DE.
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Drawdown Indicators
| VALD.DE | EL43.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.02% | -37.81% | -3.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.54% | -8.37% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -13.65% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -31.14% | -29.37% | -1.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.81% | — |
Current DrawdownCurrent decline from peak | -0.96% | -1.88% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -6.32% | -1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.27% | -0.03% |
Volatility
VALD.DE vs. EL43.DE - Volatility Comparison
BNP Paribas Easy ESG Value Europe UCITS ETF (VALD.DE) has a higher volatility of 3.80% compared to Deka MSCI Europe MC UCITS ETF (EL43.DE) at 3.39%. This indicates that VALD.DE's price experiences larger fluctuations and is considered to be riskier than EL43.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VALD.DE | EL43.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 3.39% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 9.29% | 9.78% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.54% | 12.02% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 17.64% | -3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.89% | 17.59% | -1.70% |
VALD.DE vs. EL43.DE - Expense Ratio Comparison
Both VALD.DE and EL43.DE have an expense ratio of 0.30%.
Dividends
VALD.DE vs. EL43.DE - Dividend Comparison
VALD.DE's dividend yield for the trailing twelve months is around 3.00%, more than EL43.DE's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL43.DE Deka MSCI Europe MC UCITS ETF | 2.19% | 2.69% | 4.09% | 2.52% | 2.53% | 1.64% | 1.79% | 2.18% | 2.56% | 1.60% | 2.76% | 2.05% |
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF | 3.00% | 3.36% | 3.35% | 3.36% | 3.99% | 2.17% | 5.02% | 4.92% | 4.84% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VALD.DE and EL43.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VALD.DE and EL43.DE have the same expense ratio: 0.30% per year.
VALD.DE tracks BNP Paribas Value Europe ESG, while EL43.DE tracks MSCI Europe Mid Cap. They also come from different issuers: BNP Paribas and Deka.
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