ASR3.DE vs. IE3E.DE
ASR3.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF) and IE3E.DE (iShares EUR Corporate Bond 0-3yr ESG 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 IE3E.DE tracks the Bloomberg MSCI Euro Corporate 0-3 Sustainable SRI. Both are passively managed. Over the past 3 years, ASR3.DE returned 3.90%/yr vs 3.74%/yr for IE3E.DE. A 0.60 correlation means they provide meaningful diversification when combined. ASR3.DE charges 0.20%/yr vs 0.12%/yr for IE3E.DE.
Performance
ASR3.DE vs. IE3E.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 IE3E.DE's 0.48% 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*
- —
IE3E.DE
- 1D
- 0.05%
- 1M
- 0.28%
- YTD
- 0.48%
- 6M
- 0.60%
- 1Y
- 1.84%
- 3Y*
- 3.74%
- 5Y*
- —
- 10Y*
- —
ASR3.DE vs. IE3E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ASR3.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF | 0.52% | 2.90% | 4.41% | 4.76% | -3.01% |
IE3E.DE iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc | 0.48% | 3.04% | 4.31% | 4.16% | -1.80% |
Correlation
The correlation between ASR3.DE and IE3E.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 30, 2022 | 0.60 |
The correlation between ASR3.DE and IE3E.DE shifts across timeframes, from 0.41 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ASR3.DE vs. IE3E.DE — Risk / Return Rank
ASR3.DE
IE3E.DE
ASR3.DE vs. IE3E.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 EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc (IE3E.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 | IE3E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.86 | -0.57 |
| Martin ratioReturn relative to average drawdown | 4.87 | 7.32 | -2.45 |
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 | IE3E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.25 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 1.57 | -1.08 |
Drawdowns
ASR3.DE vs. IE3E.DE - Drawdown Comparison
The maximum ASR3.DE drawdown since its inception was -6.86%, which is greater than IE3E.DE's maximum drawdown of -3.12%. Use the drawdown chart below to compare losses from any high point for ASR3.DE and IE3E.DE.
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Drawdown Indicators
| ASR3.DE | IE3E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.86% | -3.12% | -3.74% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -0.98% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | -0.98% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -6.86% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.08% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -0.55% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.25% | +0.12% |
Volatility
ASR3.DE vs. IE3E.DE - Volatility Comparison
BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.DE) has a higher volatility of 0.56% compared to iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc (IE3E.DE) at 0.42%. This indicates that ASR3.DE's price experiences larger fluctuations and is considered to be riskier than IE3E.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 | IE3E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 0.42% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.55% | 1.31% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.78% | 1.46% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.09% | 1.59% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.26% | 1.59% | +0.67% |
ASR3.DE vs. IE3E.DE - Expense Ratio Comparison
ASR3.DE has a 0.20% expense ratio, which is higher than IE3E.DE's 0.12% 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. IE3E.DE - Dividend Comparison
ASR3.DE's dividend yield for the trailing twelve months is around 1.98%, while IE3E.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% |
IE3E.DE iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ASR3.DE and IE3E.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IE3E.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IE3E.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for ASR3.DE.
ASR3.DE tracks Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB, while IE3E.DE tracks Bloomberg MSCI Euro Corporate 0-3 Sustainable SRI. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.20% for ASR3.DE and 0.12% for IE3E.DE.
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