ZSRM.DE vs. ETLS.DE
ZSRM.DE (BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) and ETLS.DE (L&G US Equity UCITS ETF) are both Large Cap Blend Equities funds - ZSRM.DE tracks the MSCI USA SRI S-Series PAB 5% Capped while ETLS.DE tracks the Solactive Core United States Large & Mid Cap. Both are passively managed. Over the past 3 years, ZSRM.DE returned 9.90%/yr vs 19.26%/yr for ETLS.DE. Their correlation of 0.88 suggests significant overlap in exposure. ZSRM.DE charges 0.25%/yr vs 0.05%/yr for ETLS.DE.
Performance
ZSRM.DE vs. ETLS.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZSRM.DE achieves a 10.14% return, which is significantly lower than ETLS.DE's 11.28% return.
ZSRM.DE
- 1D
- 0.72%
- 1M
- 6.90%
- YTD
- 10.14%
- 6M
- 9.61%
- 1Y
- 11.04%
- 3Y*
- 9.90%
- 5Y*
- —
- 10Y*
- —
ETLS.DE
- 1D
- -0.11%
- 1M
- 4.61%
- YTD
- 11.28%
- 6M
- 10.60%
- 1Y
- 25.37%
- 3Y*
- 19.26%
- 5Y*
- 14.64%
- 10Y*
- —
ZSRM.DE vs. ETLS.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% |
ETLS.DE L&G US Equity UCITS ETF | 11.28% | 5.06% | 32.53% | 24.21% | -9.34% |
Correlation
The correlation between ZSRM.DE and ETLS.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022 | 0.88 |
The correlation between ZSRM.DE and ETLS.DE shifts across timeframes, from 0.77 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZSRM.DE vs. ETLS.DE — Risk / Return Rank
ZSRM.DE
ETLS.DE
ZSRM.DE vs. ETLS.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 L&G US Equity UCITS ETF (ETLS.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 | ETLS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.41 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 3.37 | -2.10 |
| Martin ratioReturn relative to average drawdown | 3.54 | 12.00 | -8.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZSRM.DE | ETLS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 2.21 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.98 | -0.57 |
Drawdowns
ZSRM.DE vs. ETLS.DE - Drawdown Comparison
The maximum ZSRM.DE drawdown since its inception was -23.72%, smaller than the maximum ETLS.DE drawdown of -33.98%. Use the drawdown chart below to compare losses from any high point for ZSRM.DE and ETLS.DE.
Loading charts...
Drawdown Indicators
| ZSRM.DE | ETLS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -33.98% | +10.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -7.57% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -23.72% | -23.68% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.68% | — |
Current DrawdownCurrent decline from peak | -1.84% | -0.45% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -7.07% | -4.63% | -2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.13% | +1.00% |
Volatility
ZSRM.DE vs. ETLS.DE - Volatility Comparison
BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (ZSRM.DE) has a higher volatility of 3.16% compared to L&G US Equity UCITS ETF (ETLS.DE) at 2.76%. This indicates that ZSRM.DE's price experiences larger fluctuations and is considered to be riskier than ETLS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZSRM.DE | ETLS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 2.76% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 7.67% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 11.54% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 15.45% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 17.17% | -1.29% |
ZSRM.DE vs. ETLS.DE - Expense Ratio Comparison
ZSRM.DE has a 0.25% expense ratio, which is higher than ETLS.DE's 0.05% 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
ZSRM.DE vs. ETLS.DE - Dividend Comparison
Neither ZSRM.DE nor ETLS.DE has paid dividends to shareholders.
Frequently Asked Questions
ZSRM.DE and ETLS.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLS.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLS.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for ZSRM.DE.
ZSRM.DE tracks MSCI USA SRI S-Series PAB 5% Capped, while ETLS.DE tracks Solactive Core United States Large & Mid Cap. They also come from different issuers: BNP Paribas and Legal & General. Their fees differ too: 0.25% for ZSRM.DE and 0.05% for ETLS.DE.
Find the right allocation for ZSRM.DE and ETLS.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer