ASR3.DE vs. ASRE.DE
ASR3.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF) and ASRE.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF) are both exchange-traded funds - ASR3.DE is a European Corporate Bonds fund tracking the Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB, while ASRE.DE is a European Government Bonds fund tracking the J.P. Morgan ESG EMU Government Bond IG 3-5 Year. Both are passively managed. Over the past 5 years, ASR3.DE returned 1.32%/yr vs -0.36%/yr for ASRE.DE. A 0.65 correlation means they provide meaningful diversification when combined. ASR3.DE charges 0.20%/yr vs 0.15%/yr for ASRE.DE.
Performance
ASR3.DE vs. ASRE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASR3.DE achieves a 0.52% return, which is significantly higher than ASRE.DE's -0.12% return.
ASR3.DE
- 1D
- 0.21%
- 1M
- 0.57%
- YTD
- 0.52%
- 6M
- 0.54%
- 1Y
- 1.79%
- 3Y*
- 3.90%
- 5Y*
- 1.32%
- 10Y*
- —
ASRE.DE
- 1D
- 0.06%
- 1M
- 0.36%
- YTD
- -0.12%
- 6M
- -0.11%
- 1Y
- 0.35%
- 3Y*
- 2.70%
- 5Y*
- -0.36%
- 10Y*
- —
ASR3.DE vs. ASRE.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 | 0.52% | 2.90% | 4.41% | 4.76% | -5.36% | -0.19% |
ASRE.DE BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF | -0.12% | 2.42% | 2.13% | 5.11% | -9.94% | -0.79% |
Correlation
The correlation between ASR3.DE and ASRE.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.65 |
The correlation between ASR3.DE and ASRE.DE has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
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Return for Risk
ASR3.DE vs. ASRE.DE — Risk / Return Rank
ASR3.DE
ASRE.DE
ASR3.DE vs. ASRE.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 BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.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.
| ASR3.DE | ASRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.03 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 0.15 | +1.15 |
| Martin ratioReturn relative to average drawdown | 4.87 | 0.41 | +4.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ASR3.DE | ASRE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.14 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | -0.10 | +0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | -0.10 | +0.58 |
Drawdowns
ASR3.DE vs. ASRE.DE - Drawdown Comparison
The maximum ASR3.DE drawdown since its inception was -6.86%, smaller than the maximum ASRE.DE drawdown of -12.01%. Use the drawdown chart below to compare losses from any high point for ASR3.DE and ASRE.DE.
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Drawdown Indicators
| ASR3.DE | ASRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.86% | -12.01% | +5.15% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -2.40% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | -2.40% | +1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -6.86% | -12.01% | +5.15% |
Current DrawdownCurrent decline from peak | -0.08% | -2.42% | +2.34% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -5.22% | +3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.85% | -0.48% |
Volatility
ASR3.DE vs. ASRE.DE - Volatility Comparison
The current volatility for BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.DE) is 0.56%, while BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.DE) has a volatility of 1.03%. This indicates that ASR3.DE experiences smaller price fluctuations and is considered to be less risky than ASRE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASR3.DE | ASRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 1.03% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 1.55% | 2.28% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.78% | 2.57% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.09% | 3.60% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.26% | 3.52% | -1.26% |
ASR3.DE vs. ASRE.DE - Expense Ratio Comparison
ASR3.DE has a 0.20% expense ratio, which is higher than ASRE.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
ASR3.DE vs. ASRE.DE - Dividend Comparison
ASR3.DE's dividend yield for the trailing twelve months is around 1.98%, while ASRE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ASR3.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF | 1.98% | 2.97% | 3.58% | 0.93% | 1.02% | 0.50% |
ASRE.DE BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ASR3.DE and ASRE.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRE.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for ASR3.DE.
ASR3.DE is categorized as European Corporate Bonds, while ASRE.DE is European Government Bonds. ASR3.DE tracks Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB, while ASRE.DE tracks J.P. Morgan ESG EMU Government Bond IG 3-5 Year. Their fees differ too: 0.20% for ASR3.DE and 0.15% for ASRE.DE.
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