VALU.DE vs. ESNB.DE
VALU.DE (BNP Paribas Easy ESG Value Europe UCITS ETF) and ESNB.DE (Expat Serbia BELEX15 UCITS ETF) are both Europe Equities funds - VALU.DE tracks the BNP Paribas Value Europe ESG while ESNB.DE tracks the BELEX15 Index. Both are passively managed. Over the past 5 years, VALU.DE returned 8.64%/yr vs -1.81%/yr for ESNB.DE. At a 0.01 correlation, their price movements are largely independent. VALU.DE charges 0.30%/yr vs 1.38%/yr for ESNB.DE.
Performance
VALU.DE vs. ESNB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VALU.DE achieves a 15.66% return, which is significantly higher than ESNB.DE's -6.99% return.
VALU.DE
- 1D
- -0.12%
- 1M
- 2.20%
- 6M
- 13.75%
- YTD
- 15.66%
- 1Y
- 25.85%
- 3Y*
- 18.22%
- 5Y*
- 8.64%
- 10Y*
- 7.95%
ESNB.DE
- 1D
- 0.23%
- 1M
- -0.56%
- 6M
- -5.83%
- YTD
- -6.99%
- 1Y
- -5.51%
- 3Y*
- -1.61%
- 5Y*
- -1.81%
- 10Y*
- —
VALU.DE vs. ESNB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VALU.DE BNP Paribas Easy ESG Value Europe UCITS ETF | 15.66% | 23.55% | 9.22% | 14.94% | -19.32% | 23.14% | -12.18% | 17.78% | -10.55% |
ESNB.DE Expat Serbia BELEX15 UCITS ETF | -6.99% | 0.82% | 0.78% | 2.90% | -8.70% | 5.74% | -3.42% | 5.43% | -7.45% |
Correlation
The correlation between VALU.DE and ESNB.DE is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.01 |
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Return for Risk
VALU.DE vs. ESNB.DE — Risk / Return Rank
VALU.DE
ESNB.DE
VALU.DE vs. ESNB.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 Expat Serbia BELEX15 UCITS ETF (ESNB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VALU.DE | ESNB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.77 | ||
| Sortino ratioReturn per unit of downside risk | +3.80 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.91 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | -0.53 | +3.87 |
| Martin ratioReturn relative to average drawdown | 11.98 | -1.12 | +13.10 |
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Drawdowns
VALU.DE vs. ESNB.DE - Drawdown Comparison
The maximum VALU.DE drawdown since its inception was -41.04%, which is greater than ESNB.DE's maximum drawdown of -22.77%. Use the drawdown chart below to compare losses from any high point for VALU.DE and ESNB.DE.
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Drawdown Indicators
| VALU.DE | ESNB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.04% | -22.77% | -18.27% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -10.40% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -12.60% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -31.19% | -15.85% | -15.34% |
Max Drawdown (10Y)Largest decline over 10 years | -41.04% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -13.67% | +13.55% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -8.44% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 4.91% | -2.76% |
Volatility
VALU.DE vs. ESNB.DE - Volatility Comparison
BNP Paribas Easy ESG Value Europe UCITS ETF (VALU.DE) and Expat Serbia BELEX15 UCITS ETF (ESNB.DE) have volatilities of 3.03% and 3.05%, 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.
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Volatility by Period
| VALU.DE | ESNB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 3.05% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 6.22% | +3.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.71% | 9.72% | +1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 10.52% | +3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.64% | 12.11% | +3.53% |
VALU.DE vs. ESNB.DE - Expense Ratio Comparison
VALU.DE has a 0.30% expense ratio, which is lower than ESNB.DE's 1.38% expense ratio.
Dividends
VALU.DE vs. ESNB.DE - Dividend Comparison
Neither VALU.DE nor ESNB.DE has paid dividends to shareholders.
Frequently Asked Questions
VALU.DE and ESNB.DE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VALU.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VALU.DE is cheaper with a 0.30% expense ratio, compared with 1.38% for ESNB.DE.
VALU.DE tracks BNP Paribas Value Europe ESG, while ESNB.DE tracks BELEX15 Index. They also come from different issuers: BNP Paribas and Expat. Their fees differ too: 0.30% for VALU.DE and 1.38% for ESNB.DE.
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