WPEA.PA vs. ESEE.DE
WPEA.PA (iShares MSCI World Swap PEA UCITS ETF) and ESEE.DE (BNP Paribas Easy S&P 500 UCITS ETF EUR) are both exchange-traded funds - WPEA.PA is a Global Equities fund tracking the MSCI World NET TR EUR Index, while ESEE.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, WPEA.PA returned 23.56% vs 25.27% for ESEE.DE. With a 0.95 correlation, they move nearly in lockstep. WPEA.PA charges 0.25%/yr vs 0.15%/yr for ESEE.DE.
Performance
WPEA.PA vs. ESEE.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with WPEA.PA having a 11.02% return and ESEE.DE slightly higher at 11.27%.
WPEA.PA
- 1D
- -0.06%
- 1M
- 3.63%
- YTD
- 11.02%
- 6M
- 10.90%
- 1Y
- 23.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESEE.DE
- 1D
- -0.16%
- 1M
- 4.36%
- YTD
- 11.27%
- 6M
- 10.71%
- 1Y
- 25.27%
- 3Y*
- 18.69%
- 5Y*
- 14.69%
- 10Y*
- 15.09%
WPEA.PA vs. ESEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WPEA.PA iShares MSCI World Swap PEA UCITS ETF | 11.02% | 6.89% | 14.51% |
ESEE.DE BNP Paribas Easy S&P 500 UCITS ETF EUR | 11.27% | 4.37% | 18.16% |
Correlation
The correlation between WPEA.PA and ESEE.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024 | 0.95 |
The correlation between WPEA.PA and ESEE.DE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
WPEA.PA vs. ESEE.DE — Risk / Return Rank
WPEA.PA
ESEE.DE
WPEA.PA vs. ESEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Swap PEA UCITS ETF (WPEA.PA) and BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.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.
| WPEA.PA | ESEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 3.51 | +0.06 |
| Martin ratioReturn relative to average drawdown | 14.20 | 12.48 | +1.72 |
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
| WPEA.PA | ESEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 2.17 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.96 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.95 | +0.08 |
Drawdowns
WPEA.PA vs. ESEE.DE - Drawdown Comparison
The maximum WPEA.PA drawdown since its inception was -21.59%, smaller than the maximum ESEE.DE drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for WPEA.PA and ESEE.DE.
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Drawdown Indicators
| WPEA.PA | ESEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -33.58% | +11.99% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -7.18% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.58% | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.45% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -4.12% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 2.03% | -0.38% |
Volatility
WPEA.PA vs. ESEE.DE - Volatility Comparison
iShares MSCI World Swap PEA UCITS ETF (WPEA.PA) and BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.DE) have volatilities of 2.59% and 2.65%, 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
| WPEA.PA | ESEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 2.65% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 7.60% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 11.61% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 15.20% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.57% | 16.09% | -1.52% |
WPEA.PA vs. ESEE.DE - Expense Ratio Comparison
WPEA.PA has a 0.25% expense ratio, which is higher than ESEE.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
WPEA.PA vs. ESEE.DE - Dividend Comparison
Neither WPEA.PA nor ESEE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, WPEA.PA and ESEE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ESEE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESEE.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for WPEA.PA.
WPEA.PA is categorized as Global Equities, while ESEE.DE is S&P 500. WPEA.PA tracks MSCI World NET TR EUR Index, while ESEE.DE tracks S&P 500 Index. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.25% for WPEA.PA and 0.15% for ESEE.DE.
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