ASR3.DE vs. BTC-USD
ASR3.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF) is European Corporate Bonds fund tracking the Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, ASR3.DE returned 1.32%/yr vs 12.48%/yr for BTC-USD. At a 0.06 correlation, their price movements are largely independent.
Performance
ASR3.DE vs. BTC-USD - Performance Comparison
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Different Trading Currencies
ASR3.DE is traded in EUR, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ASR3.DE achieves a 0.52% return, which is significantly higher than BTC-USD's -26.78% 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*
- —
BTC-USD
- 1D
- -1.22%
- 1M
- -21.18%
- YTD
- -26.78%
- 6M
- -31.03%
- 1Y
- -40.54%
- 3Y*
- 31.42%
- 5Y*
- 12.48%
- 10Y*
- 59.35%
ASR3.DE vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ASR3.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF | 0.52% | 2.90% | 4.41% | 4.76% | -5.36% | -0.22% | 0.46% | 0.11% |
BTC-USD Bitcoin | -26.78% | -17.40% | 136.59% | 145.80% | -61.85% | 71.33% | 271.22% | -18.39% |
Correlation
The correlation between ASR3.DE and BTC-USD is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2019 | 0.06 |
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Return for Risk
ASR3.DE vs. BTC-USD — Risk / Return Rank
ASR3.DE
BTC-USD
ASR3.DE vs. BTC-USD - 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 Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.86 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | -0.81 | +2.11 |
| Martin ratioReturn relative to average drawdown | 4.87 | -1.44 | +6.30 |
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 | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | -0.95 | +1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.23 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 1.13 | -0.65 |
Drawdowns
ASR3.DE vs. BTC-USD - Drawdown Comparison
The maximum ASR3.DE drawdown since its inception was -6.86%, smaller than the maximum BTC-USD drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for ASR3.DE and BTC-USD.
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Drawdown Indicators
| ASR3.DE | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.86% | -83.05% | +76.19% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -49.93% | +48.55% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | -49.93% | +48.55% |
Max Drawdown (5Y)Largest decline over 5 years | -6.86% | -73.60% | +66.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.51% | — |
Current DrawdownCurrent decline from peak | -0.08% | -48.78% | +48.70% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -39.96% | +38.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 33.68% | -33.31% |
Volatility
ASR3.DE vs. BTC-USD - Volatility Comparison
The current volatility for BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.DE) is 0.56%, while Bitcoin (BTC-USD) has a volatility of 10.14%. This indicates that ASR3.DE experiences smaller price fluctuations and is considered to be less risky than BTC-USD 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 | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 10.14% | -9.58% |
Volatility (6M)Calculated over the trailing 6-month period | 1.55% | 34.46% | -32.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.78% | 35.39% | -33.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.09% | 45.05% | -42.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.26% | 55.99% | -53.73% |
Frequently Asked Questions
ASR3.DE and BTC-USD have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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