ASR3.DE vs. EUNL.DE
ASR3.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) 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 EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, ASR3.DE returned 1.32%/yr vs 12.89%/yr for EUNL.DE. At a 0.23 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
ASR3.DE vs. EUNL.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 lower than EUNL.DE's 10.86% 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*
- —
EUNL.DE
- 1D
- 0.02%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.29%
- 1Y
- 23.80%
- 3Y*
- 17.55%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
ASR3.DE vs. EUNL.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% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 2.93% |
Correlation
The correlation between ASR3.DE and EUNL.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2019 | 0.23 |
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Return for Risk
ASR3.DE vs. EUNL.DE — Risk / Return Rank
ASR3.DE
EUNL.DE
ASR3.DE vs. EUNL.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 iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.40 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 3.64 | -2.35 |
| Martin ratioReturn relative to average drawdown | 4.87 | 14.52 | -9.65 |
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 | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 2.12 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.90 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.82 | -0.33 |
Drawdowns
ASR3.DE vs. EUNL.DE - Drawdown Comparison
The maximum ASR3.DE drawdown since its inception was -6.86%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for ASR3.DE and EUNL.DE.
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Drawdown Indicators
| ASR3.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.86% | -33.63% | +26.77% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -6.50% | +5.12% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | -21.73% | +20.35% |
Max Drawdown (5Y)Largest decline over 5 years | -6.86% | -21.73% | +14.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.31% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -4.25% | +2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 1.64% | -1.27% |
Volatility
ASR3.DE vs. EUNL.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 iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 2.62%. This indicates that ASR3.DE experiences smaller price fluctuations and is considered to be less risky than EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 2.62% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.55% | 7.72% | -6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.78% | 11.16% | -9.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.09% | 14.17% | -12.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.26% | 15.17% | -12.91% |
ASR3.DE vs. EUNL.DE - Expense Ratio Comparison
Both ASR3.DE and EUNL.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ASR3.DE vs. EUNL.DE - Dividend Comparison
ASR3.DE's dividend yield for the trailing twelve months is around 1.98%, while EUNL.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% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ASR3.DE and EUNL.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ASR3.DE and EUNL.DE have the same expense ratio: 0.20% per year.
ASR3.DE is categorized as European Corporate Bonds, while EUNL.DE is Global Equities. ASR3.DE tracks Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB, while EUNL.DE tracks MSCI World Index. They also come from different issuers: BNP Paribas and iShares.
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