ASR3.DE vs. ESAP.DE

Last updated Jun 5, 2026

ASR3.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF) and ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) 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 ESAP.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, ASR3.DE returned 1.32%/yr vs 14.69%/yr for ESAP.DE. At a 0.19 correlation, their price movements are largely independent. ASR3.DE charges 0.20%/yr vs 0.15%/yr for ESAP.DE.

Performance

ASR3.DE vs. ESAP.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 BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ASR3.DE is traded in EUR, while ESAP.DE is traded in USD. To make them comparable, the ESAP.DE 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 lower than ESAP.DE's 11.28% 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*: —

ESAP.DE

• 1D: -0.13%
• 1M: 5.18%
• YTD: 11.28%
• 6M: 11.26%
• 1Y: 25.49%
• 3Y*: 18.74%
• 5Y*: 14.69%
• 10Y*: —

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

ASR3.DE vs. ESAP.DE - 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%
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD	11.28%	4.09%	32.39%	23.18%	-14.49%	41.14%	7.12%	3.34%

Correlation

The correlation between ASR3.DE and ESAP.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Nov 15, 2019	0.19

Return for Risk

ASR3.DE vs. ESAP.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: 30
ASR3.DE Sharpe Ratio Rank: 28
ASR3.DE Sortino Ratio Rank: 31
ASR3.DE Omega Ratio Rank: 31
ASR3.DE Calmar Ratio Rank: 28
ASR3.DE Martin Ratio Rank: 33

ESAP.DE

ESAP.DE Risk / Return Rank: 73
ESAP.DE Sharpe Ratio Rank: 73
ESAP.DE Sortino Ratio Rank: 77
ESAP.DE Omega Ratio Rank: 72
ESAP.DE Calmar Ratio Rank: 68
ESAP.DE Martin Ratio Rank: 76

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. ESAP.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 S&P 500 UCITS ETF USD (ESAP.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	ESAP.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.00	2.03	-1.03
Sortino ratio: Return per unit of downside risk	1.63	2.81	-1.17
Omega ratio: Gain probability vs. loss probability	1.21	1.37	-0.17
Calmar ratio: Return relative to maximum drawdown	1.29	3.55	-2.26
Martin ratio: Return relative to average drawdown	4.87	12.14	-7.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASR3.DE vs. ESAP.DE - Sharpe Ratio Comparison

The current ASR3.DE Sharpe Ratio is 1.00, which is lower than the ESAP.DE Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of ASR3.DE and ESAP.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

	ASR3.DE	ESAP.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	2.03	-1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.91	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.84	-0.36

Drawdowns

ASR3.DE vs. ESAP.DE - Drawdown Comparison

The maximum ASR3.DE drawdown since its inception was -6.86%, smaller than the maximum ESAP.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for ASR3.DE and ESAP.DE.

Drawdown Indicators

	ASR3.DE	ESAP.DE	Difference
Max Drawdown Largest peak-to-trough decline	-6.86%	-33.74%	+26.88%
Max Drawdown (1Y) Largest decline over 1 year	-1.38%	-7.14%	+5.76%
Max Drawdown (3Y) Largest decline over 3 years	-1.38%	-22.82%	+21.44%
Max Drawdown (5Y) Largest decline over 5 years	-6.86%	-22.82%	+15.96%
Current Drawdown Current decline from peak	-0.08%	-0.42%	+0.34%
Average Drawdown Average peak-to-trough decline	-1.54%	-4.99%	+3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.37%	2.09%	-1.72%

Volatility

ASR3.DE vs. ESAP.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 S&P 500 UCITS ETF USD (ESAP.DE) has a volatility of 3.01%. This indicates that ASR3.DE experiences smaller price fluctuations and is considered to be less risky than ESAP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASR3.DE	ESAP.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.56%	3.01%	-2.45%
Volatility (6M) Calculated over the trailing 6-month period	1.55%	8.64%	-7.09%
Volatility (1Y) Calculated over the trailing 1-year period	1.78%	12.50%	-10.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.09%	15.93%	-13.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.26%	17.80%	-15.54%

ASR3.DE vs. ESAP.DE - Expense Ratio Comparison

ASR3.DE has a 0.20% expense ratio, which is higher than ESAP.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. ESAP.DE - Dividend Comparison

ASR3.DE's dividend yield for the trailing twelve months is around 1.98%, while ESAP.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%
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

ASR3.DE and ESAP.DE have a correlation of 0.20, 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 ESAP.DE?

On fees, ESAP.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASR3.DE or ESAP.DE?

ESAP.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for ASR3.DE.

What is the main difference between ASR3.DE and ESAP.DE?

ASR3.DE is categorized as European Corporate Bonds, while ESAP.DE is S&P 500. ASR3.DE tracks Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB, while ESAP.DE tracks S&P 500 Index. Their fees differ too: 0.20% for ASR3.DE and 0.15% for ESAP.DE.