ASR3.DE vs. 4UBF.DE

Last updated Jun 26, 2026

ASR3.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF) and 4UBF.DE (UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc) are both European Corporate Bonds funds - ASR3.DE tracks the Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB while 4UBF.DE tracks the Bloomberg MSCI Euro Area Liquid Corporates Sustainable. Both are passively managed. Over the past 5 years, ASR3.DE returned 1.37%/yr vs -0.09%/yr for 4UBF.DE. A 0.64 correlation means they provide meaningful diversification when combined. ASR3.DE charges 0.20%/yr vs 0.13%/yr for 4UBF.DE.

Performance

ASR3.DE vs. 4UBF.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.DE) and UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASR3.DE achieves a 0.73% return, which is significantly lower than 4UBF.DE's 1.38% return.

ASR3.DE

• 1D: 0.00%
• 1M: 0.42%
• YTD: 0.73%
• 6M: 0.94%
• 1Y: 1.88%
• 3Y*: 4.00%
• 5Y*: 1.37%
• 10Y*: —

4UBF.DE

• 1D: 0.00%
• 1M: 0.56%
• YTD: 1.38%
• 6M: 1.46%
• 1Y: 2.46%
• 3Y*: 5.09%
• 5Y*: -0.09%
• 10Y*: —

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

ASR3.DE vs. 4UBF.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ASR3.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF	0.73%	2.92%	4.48%	4.74%	-5.39%	-0.30%
4UBF.DE UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc	1.38%	3.23%	4.51%	8.22%	-15.67%	-0.31%

Correlation

The correlation between ASR3.DE and 4UBF.DE is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Apr 19, 2021	0.64

The correlation between ASR3.DE and 4UBF.DE shifts across timeframes, from 0.53 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ASR3.DE vs. 4UBF.DE — Risk / Return Rank

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

ASR3.DE

ASR3.DE Risk / Return Rank: 24
ASR3.DE Sharpe Ratio Rank: 23
ASR3.DE Sortino Ratio Rank: 24
ASR3.DE Omega Ratio Rank: 30
ASR3.DE Calmar Ratio Rank: 22
ASR3.DE Martin Ratio Rank: 23

4UBF.DE

4UBF.DE Risk / Return Rank: 21
4UBF.DE Sharpe Ratio Rank: 20
4UBF.DE Sortino Ratio Rank: 20
4UBF.DE Omega Ratio Rank: 19
4UBF.DE Calmar Ratio Rank: 20
4UBF.DE Martin Ratio Rank: 24

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.

ASR3.DE vs. 4UBF.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.DE) and UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ASR3.DE	4UBF.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.79	0.67	+0.12
Sortino ratio: Return per unit of downside risk	1.25	1.02	+0.23
Omega ratio: Gain probability vs. loss probability	1.19	1.12	+0.07
Calmar ratio: Return relative to maximum drawdown	0.97	0.86	+0.12
Martin ratio: Return relative to average drawdown	2.67	2.79	-0.12

ASR3.DE vs. 4UBF.DE - Sharpe Ratio Comparison

The current ASR3.DE Sharpe Ratio is 0.79, which is comparable to the 4UBF.DE Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of ASR3.DE and 4UBF.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.

Drawdowns

ASR3.DE vs. 4UBF.DE - Drawdown Comparison

The maximum ASR3.DE drawdown since its inception was -6.87%, smaller than the maximum 4UBF.DE drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for ASR3.DE and 4UBF.DE.

Drawdown Indicators

	ASR3.DE	4UBF.DE	Difference
Max Drawdown Largest peak-to-trough decline	-6.87%	-19.99%	+13.12%
Max Drawdown (1Y) Largest decline over 1 year	-1.93%	-2.88%	+0.95%
Max Drawdown (3Y) Largest decline over 3 years	-1.93%	-2.88%	+0.95%
Max Drawdown (5Y) Largest decline over 5 years	-6.87%	-19.99%	+13.12%
Current Drawdown Current decline from peak	-0.39%	-2.18%	+1.79%
Average Drawdown Average peak-to-trough decline	-1.54%	-8.47%	+6.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	0.88%	-0.18%

Volatility

ASR3.DE vs. 4UBF.DE - Volatility Comparison

The current volatility for BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.DE) is 0.51%, while UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.DE) has a volatility of 0.79%. This indicates that ASR3.DE experiences smaller price fluctuations and is considered to be less risky than 4UBF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASR3.DE	4UBF.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.51%	0.79%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	2.17%	3.03%	-0.86%
Volatility (1Y) Calculated over the trailing 1-year period	2.38%	3.68%	-1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.29%	5.09%	-2.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.40%	5.00%	-2.60%

ASR3.DE vs. 4UBF.DE - Expense Ratio Comparison

ASR3.DE has a 0.20% expense ratio, which is higher than 4UBF.DE's 0.13% 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

ASR3.DE vs. 4UBF.DE - Dividend Comparison

ASR3.DE's dividend yield for the trailing twelve months is around 1.97%, while 4UBF.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
4UBF.DE UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ASR3.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF	1.97%	2.97%	3.58%	0.93%	1.02%	0.50%

Frequently Asked Questions

Can I hold both ASR3.DE and 4UBF.DE in my portfolio?

ASR3.DE and 4UBF.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASR3.DE or 4UBF.DE?

On fees, 4UBF.DE is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASR3.DE or 4UBF.DE?

4UBF.DE is cheaper with a 0.13% expense ratio, compared with 0.20% for ASR3.DE.

What is the main difference between ASR3.DE and 4UBF.DE?

ASR3.DE tracks Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB, while 4UBF.DE tracks Bloomberg MSCI Euro Area Liquid Corporates Sustainable. They also come from different issuers: BNP Paribas and UBS. Their fees differ too: 0.20% for ASR3.DE and 0.13% for 4UBF.DE.