ZSRM.DE vs. VNRA.DE

Last updated Jun 5, 2026

ZSRM.DE (BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) and VNRA.DE (Vanguard FTSE North America UCITS ETF (USD) Accumulating) are both Large Cap Blend Equities funds - ZSRM.DE tracks the MSCI USA SRI S-Series PAB 5% Capped while VNRA.DE tracks the FTSE North America. Both are passively managed. Over the past 3 years, ZSRM.DE returned 9.90%/yr vs 19.14%/yr for VNRA.DE. Their correlation of 0.89 suggests significant overlap in exposure. ZSRM.DE charges 0.25%/yr vs 0.10%/yr for VNRA.DE.

Performance

ZSRM.DE vs. VNRA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (ZSRM.DE) and Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZSRM.DE achieves a 10.14% return, which is significantly lower than VNRA.DE's 11.15% return.

ZSRM.DE

• 1D: 0.72%
• 1M: 6.90%
• YTD: 10.14%
• 6M: 9.61%
• 1Y: 11.04%
• 3Y*: 9.90%
• 5Y*: —
• 10Y*: —

VNRA.DE

• 1D: -0.02%
• 1M: 4.57%
• YTD: 11.15%
• 6M: 10.70%
• 1Y: 25.18%
• 3Y*: 19.14%
• 5Y*: 14.38%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZSRM.DE vs. VNRA.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%
VNRA.DE Vanguard FTSE North America UCITS ETF (USD) Accumulating	11.15%	5.41%	32.23%	22.65%	-8.83%

Correlation

The correlation between ZSRM.DE and VNRA.DE is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022	0.89

The correlation between ZSRM.DE and VNRA.DE has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.

Return for Risk

ZSRM.DE vs. VNRA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZSRM.DE

ZSRM.DE Risk / Return Rank: 26
ZSRM.DE Sharpe Ratio Rank: 26
ZSRM.DE Sortino Ratio Rank: 25
ZSRM.DE Omega Ratio Rank: 25
ZSRM.DE Calmar Ratio Rank: 27
ZSRM.DE Martin Ratio Rank: 27

VNRA.DE

VNRA.DE Risk / Return Rank: 68
VNRA.DE Sharpe Ratio Rank: 68
VNRA.DE Sortino Ratio Rank: 65
VNRA.DE Omega Ratio Rank: 69
VNRA.DE Calmar Ratio Rank: 71
VNRA.DE Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZSRM.DE vs. VNRA.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 Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRA.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	VNRA.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.91	2.19	-1.28
Sortino ratio: Return per unit of downside risk	1.33	2.98	-1.64
Omega ratio: Gain probability vs. loss probability	1.16	1.41	-0.24
Calmar ratio: Return relative to maximum drawdown	1.28	3.52	-2.24
Martin ratio: Return relative to average drawdown	3.54	12.55	-9.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZSRM.DE vs. VNRA.DE - Sharpe Ratio Comparison

The current ZSRM.DE Sharpe Ratio is 0.91, which is lower than the VNRA.DE Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of ZSRM.DE and VNRA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ZSRM.DE	VNRA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	2.19	-1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.87	-0.46

Drawdowns

ZSRM.DE vs. VNRA.DE - Drawdown Comparison

The maximum ZSRM.DE drawdown since its inception was -23.72%, smaller than the maximum VNRA.DE drawdown of -34.48%. Use the drawdown chart below to compare losses from any high point for ZSRM.DE and VNRA.DE.

Drawdown Indicators

	ZSRM.DE	VNRA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.72%	-34.48%	+10.76%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-7.14%	-1.50%
Max Drawdown (3Y) Largest decline over 3 years	-23.72%	-23.30%	-0.42%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.30%	—
Current Drawdown Current decline from peak	-1.84%	-0.35%	-1.49%
Average Drawdown Average peak-to-trough decline	-7.07%	-4.72%	-2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	2.01%	+1.12%

Volatility

ZSRM.DE vs. VNRA.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 Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRA.DE) at 2.61%. This indicates that ZSRM.DE's price experiences larger fluctuations and is considered to be riskier than VNRA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZSRM.DE	VNRA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	2.61%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	8.46%	7.47%	+0.99%
Volatility (1Y) Calculated over the trailing 1-year period	12.17%	11.49%	+0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.88%	15.22%	+0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.88%	17.40%	-1.52%

ZSRM.DE vs. VNRA.DE - Expense Ratio Comparison

ZSRM.DE has a 0.25% expense ratio, which is higher than VNRA.DE's 0.10% 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. VNRA.DE - Dividend Comparison

Neither ZSRM.DE nor VNRA.DE has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
VNRA.DE Vanguard FTSE North America UCITS ETF (USD) Accumulating	0.00%	0.00%	0.26%	0.00%	0.00%	0.00%	0.89%
ZSRM.DE BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ZSRM.DE and VNRA.DE in my portfolio?

ZSRM.DE and VNRA.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZSRM.DE or VNRA.DE?

On fees, VNRA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZSRM.DE or VNRA.DE?

VNRA.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for ZSRM.DE.

What is the main difference between ZSRM.DE and VNRA.DE?

ZSRM.DE tracks MSCI USA SRI S-Series PAB 5% Capped, while VNRA.DE tracks FTSE North America. They also come from different issuers: BNP Paribas and Vanguard. Their fees differ too: 0.25% for ZSRM.DE and 0.10% for VNRA.DE.