VALU.DE vs. ESAP.DE
VALU.DE (BNP Paribas Easy ESG Value Europe UCITS ETF) and ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) are both exchange-traded funds - VALU.DE is a Europe Equities fund tracking the BNP Paribas Value Europe ESG, while ESAP.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, VALU.DE returned 7.79%/yr vs 14.69%/yr for ESAP.DE. A 0.61 correlation means they provide meaningful diversification when combined. VALU.DE charges 0.30%/yr vs 0.15%/yr for ESAP.DE.
Performance
VALU.DE vs. ESAP.DE - Performance Comparison
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Different Trading Currencies
VALU.DE is traded in EUR, while ESAP.DE is traded in USD. To make them comparable, the ESAP.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VALU.DE achieves a 10.35% return, which is significantly lower than ESAP.DE's 11.28% return.
VALU.DE
- 1D
- 0.71%
- 1M
- 1.81%
- YTD
- 10.35%
- 6M
- 13.44%
- 1Y
- 18.68%
- 3Y*
- 16.63%
- 5Y*
- 7.79%
- 10Y*
- —
ESAP.DE
- 1D
- -0.13%
- 1M
- 5.18%
- YTD
- 11.28%
- 6M
- 11.26%
- 1Y
- 25.49%
- 3Y*
- 18.74%
- 5Y*
- 14.69%
- 10Y*
- —
VALU.DE vs. ESAP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VALU.DE BNP Paribas Easy ESG Value Europe UCITS ETF | 10.35% | 23.55% | 9.22% | 14.94% | -19.32% | 23.14% | -12.18% | 1.35% |
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD | 11.28% | 4.09% | 32.39% | 23.18% | -14.49% | 41.14% | 7.12% | 3.49% |
Correlation
The correlation between VALU.DE and ESAP.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | 0.61 |
The correlation between VALU.DE and ESAP.DE shifts across timeframes, from 0.46 (3 years) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VALU.DE vs. ESAP.DE — Risk / Return Rank
VALU.DE
ESAP.DE
VALU.DE vs. ESAP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ESG Value Europe UCITS ETF (VALU.DE) and BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.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.
| VALU.DE | ESAP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 3.55 | -1.14 |
| Martin ratioReturn relative to average drawdown | 8.31 | 12.14 | -3.84 |
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
| VALU.DE | ESAP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 2.03 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.91 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.84 | -0.36 |
Drawdowns
VALU.DE vs. ESAP.DE - Drawdown Comparison
The maximum VALU.DE drawdown since its inception was -41.04%, which is greater than ESAP.DE's maximum drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for VALU.DE and ESAP.DE.
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Drawdown Indicators
| VALU.DE | ESAP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.04% | -33.74% | -7.30% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -7.14% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -22.82% | +8.65% |
Max Drawdown (5Y)Largest decline over 5 years | -31.19% | -22.82% | -8.37% |
Current DrawdownCurrent decline from peak | -1.01% | -0.42% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -4.99% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.09% | +0.15% |
Volatility
VALU.DE vs. ESAP.DE - Volatility Comparison
BNP Paribas Easy ESG Value Europe UCITS ETF (VALU.DE) has a higher volatility of 3.65% compared to BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) at 3.01%. This indicates that VALU.DE's price experiences larger fluctuations and is considered to be riskier than ESAP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VALU.DE | ESAP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 3.01% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.20% | 8.64% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.49% | 12.50% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.43% | 15.93% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 17.80% | -2.04% |
VALU.DE vs. ESAP.DE - Expense Ratio Comparison
VALU.DE has a 0.30% expense ratio, which is higher than ESAP.DE's 0.15% expense ratio.
Dividends
VALU.DE vs. ESAP.DE - Dividend Comparison
Neither VALU.DE nor ESAP.DE has paid dividends to shareholders.
Frequently Asked Questions
VALU.DE and ESAP.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESAP.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESAP.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for VALU.DE.
VALU.DE is categorized as Europe Equities, while ESAP.DE is S&P 500. VALU.DE tracks BNP Paribas Value Europe ESG, while ESAP.DE tracks S&P 500 Index. Their fees differ too: 0.30% for VALU.DE and 0.15% for ESAP.DE.
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