ZSRM.DE vs. EMEC.DE
ZSRM.DE (BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) and EMEC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR) are both exchange-traded funds - ZSRM.DE is a Large Cap Blend Equities fund tracking the MSCI USA SRI S-Series PAB 5% Capped, while EMEC.DE is a Global Equities fund tracking the ECPI Circular Economy Leaders Equity. Both are passively managed. Over the past 3 years, ZSRM.DE returned 9.90%/yr vs 11.29%/yr for EMEC.DE. Their correlation of 0.83 suggests significant overlap in exposure. ZSRM.DE charges 0.25%/yr vs 0.30%/yr for EMEC.DE.
Performance
ZSRM.DE vs. EMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZSRM.DE achieves a 10.14% return, which is significantly lower than EMEC.DE's 10.95% return.
ZSRM.DE
- 1D
- 0.72%
- 1M
- 6.90%
- YTD
- 10.14%
- 6M
- 9.61%
- 1Y
- 11.04%
- 3Y*
- 9.90%
- 5Y*
- —
- 10Y*
- —
EMEC.DE
- 1D
- -0.24%
- 1M
- 3.53%
- YTD
- 10.95%
- 6M
- 10.06%
- 1Y
- 21.52%
- 3Y*
- 11.29%
- 5Y*
- 9.49%
- 10Y*
- —
ZSRM.DE vs. EMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZSRM.DE BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc | 10.14% | -6.25% | 17.05% | 19.31% | -8.53% |
EMEC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR | 10.95% | 5.92% | 10.86% | 19.48% | -7.24% |
Correlation
The correlation between ZSRM.DE and EMEC.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022 | 0.83 |
The correlation between ZSRM.DE and EMEC.DE shifts across timeframes, from 0.65 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZSRM.DE vs. EMEC.DE — Risk / Return Rank
ZSRM.DE
EMEC.DE
ZSRM.DE vs. EMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (ZSRM.DE) and BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.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.
| ZSRM.DE | EMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.31 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 2.64 | -1.36 |
| Martin ratioReturn relative to average drawdown | 3.54 | 9.05 | -5.51 |
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
| ZSRM.DE | EMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.73 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.82 | -0.41 |
Drawdowns
ZSRM.DE vs. EMEC.DE - Drawdown Comparison
The maximum ZSRM.DE drawdown since its inception was -23.72%, smaller than the maximum EMEC.DE drawdown of -30.18%. Use the drawdown chart below to compare losses from any high point for ZSRM.DE and EMEC.DE.
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Drawdown Indicators
| ZSRM.DE | EMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -30.18% | +6.46% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -7.95% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -23.72% | -20.78% | -2.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.78% | — |
Current DrawdownCurrent decline from peak | -1.84% | -0.24% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -7.07% | -5.05% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.32% | +0.81% |
Volatility
ZSRM.DE vs. EMEC.DE - Volatility Comparison
The current volatility for BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (ZSRM.DE) is 3.16%, while BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) has a volatility of 3.47%. This indicates that ZSRM.DE experiences smaller price fluctuations and is considered to be less risky than EMEC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZSRM.DE | EMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 3.47% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 8.86% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 12.15% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 14.05% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 16.00% | -0.12% |
ZSRM.DE vs. EMEC.DE - Expense Ratio Comparison
ZSRM.DE has a 0.25% expense ratio, which is lower than EMEC.DE's 0.30% expense ratio.
Dividends
ZSRM.DE vs. EMEC.DE - Dividend Comparison
Neither ZSRM.DE nor EMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
ZSRM.DE and EMEC.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZSRM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZSRM.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for EMEC.DE.
ZSRM.DE is categorized as Large Cap Blend Equities, while EMEC.DE is Global Equities. ZSRM.DE tracks MSCI USA SRI S-Series PAB 5% Capped, while EMEC.DE tracks ECPI Circular Economy Leaders Equity. Their fees differ too: 0.25% for ZSRM.DE and 0.30% for EMEC.DE.
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