VYM vs. ETSZ.DE
VYM (Vanguard High Dividend Yield ETF) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both exchange-traded funds - VYM is a Dividend fund tracking the FTSE High Dividend Yield Index, while ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 10 years, VYM returned 11.70%/yr vs 9.41%/yr for ETSZ.DE. A 0.50 correlation means they provide meaningful diversification when combined. VYM charges 0.04%/yr vs 0.20%/yr for ETSZ.DE.
Performance
VYM vs. ETSZ.DE - Performance Comparison
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Different Trading Currencies
VYM is traded in USD, while ETSZ.DE is traded in EUR. To make them comparable, the ETSZ.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VYM achieves a 10.82% return, which is significantly higher than ETSZ.DE's 5.99% return. Over the past 10 years, VYM has outperformed ETSZ.DE with an annualized return of 11.70%, while ETSZ.DE has yielded a comparatively lower 9.41% annualized return.
VYM
- 1D
- -0.08%
- 1M
- 1.71%
- YTD
- 10.82%
- 6M
- 10.58%
- 1Y
- 24.30%
- 3Y*
- 17.89%
- 5Y*
- 11.33%
- 10Y*
- 11.70%
ETSZ.DE
- 1D
- 0.70%
- 1M
- 0.96%
- YTD
- 5.99%
- 6M
- 9.60%
- 1Y
- 17.85%
- 3Y*
- 16.81%
- 5Y*
- 8.60%
- 10Y*
- 9.41%
VYM vs. ETSZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VYM Vanguard High Dividend Yield ETF | 10.82% | 15.42% | 17.60% | 6.57% | -0.43% | 26.20% | 1.15% | 24.06% | -5.92% | 16.42% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 5.99% | 35.96% | 2.03% | 19.26% | -15.25% | 15.04% | 8.13% | 26.14% | -15.35% | 26.27% |
Correlation
The correlation between VYM and ETSZ.DE is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | 0.50 |
The correlation between VYM and ETSZ.DE has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.
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Return for Risk
VYM vs. ETSZ.DE — Risk / Return Rank
VYM
ETSZ.DE
VYM vs. ETSZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High Dividend Yield ETF (VYM) and BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.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.
| VYM | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.23 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 1.60 | +2.04 |
| Martin ratioReturn relative to average drawdown | 13.64 | 5.70 | +7.95 |
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
| VYM | ETSZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 1.22 | +1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.48 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.53 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.40 | +0.10 |
Drawdowns
VYM vs. ETSZ.DE - Drawdown Comparison
The maximum VYM drawdown since its inception was -56.98%, which is greater than ETSZ.DE's maximum drawdown of -35.67%. Use the drawdown chart below to compare losses from any high point for VYM and ETSZ.DE.
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Drawdown Indicators
| VYM | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.98% | -35.67% | -21.31% |
Max Drawdown (1Y)Largest decline over 1 year | -6.69% | -11.30% | +4.61% |
Max Drawdown (3Y)Largest decline over 3 years | -14.46% | -15.08% | +0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -15.84% | -32.15% | +16.31% |
Max Drawdown (10Y)Largest decline over 10 years | -35.21% | -35.67% | +0.46% |
Current DrawdownCurrent decline from peak | -1.89% | -1.97% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -7.72% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 3.18% | -1.39% |
Volatility
VYM vs. ETSZ.DE - Volatility Comparison
The current volatility for Vanguard High Dividend Yield ETF (VYM) is 2.82%, while BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) has a volatility of 4.93%. This indicates that VYM experiences smaller price fluctuations and is considered to be less risky than ETSZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VYM | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 4.93% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 12.30% | -4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.35% | 14.80% | -4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 17.62% | -3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.35% | 17.77% | -1.42% |
VYM vs. ETSZ.DE - Expense Ratio Comparison
VYM has a 0.04% expense ratio, which is lower than ETSZ.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VYM vs. ETSZ.DE - Dividend Comparison
VYM's dividend yield for the trailing twelve months is around 2.22%, while ETSZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VYM Vanguard High Dividend Yield ETF | 2.22% | 2.44% | 2.74% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% |
Frequently Asked Questions
VYM and ETSZ.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VYM is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VYM is cheaper with a 0.04% expense ratio, compared with 0.20% for ETSZ.DE.
VYM is categorized as Dividend, while ETSZ.DE is Europe Equities. VYM tracks FTSE High Dividend Yield Index, while ETSZ.DE tracks STOXX® Europe 600. They also come from different issuers: Vanguard and BNP Paribas. Their fees differ too: 0.04% for VYM and 0.20% for ETSZ.DE.
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