ASR5.DE vs. ASRE.DE
ASR5.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB 3-5Y UCITS ETF) and ASRE.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF) are both exchange-traded funds - ASR5.DE is a European Corporate Bonds fund tracking the Bloomberg MSCI 3-5Y 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, ASR5.DE returned 0.40%/yr vs -0.43%/yr for ASRE.DE. A 0.78 correlation means they provide meaningful diversification when combined. ASR5.DE charges 0.20%/yr vs 0.15%/yr for ASRE.DE.
Performance
ASR5.DE vs. ASRE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASR5.DE achieves a 0.44% return, which is significantly higher than ASRE.DE's -0.26% return.
ASR5.DE
- 1D
- 0.11%
- 1M
- -0.44%
- 6M
- 0.01%
- YTD
- 0.44%
- 1Y
- 1.20%
- 3Y*
- 4.45%
- 5Y*
- 0.40%
- 10Y*
- —
ASRE.DE
- 1D
- 0.00%
- 1M
- -0.58%
- 6M
- -0.50%
- YTD
- -0.26%
- 1Y
- 0.29%
- 3Y*
- 2.69%
- 5Y*
- -0.43%
- 10Y*
- —
ASR5.DE vs. ASRE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ASR5.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 3-5Y UCITS ETF | 0.44% | 3.51% | 4.28% | 7.05% | -11.40% | -0.50% |
ASRE.DE BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF | -0.26% | 2.42% | 2.13% | 5.11% | -9.94% | -0.99% |
Correlation
The correlation between ASR5.DE and ASRE.DE is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021 | 0.78 |
The correlation between ASR5.DE and ASRE.DE has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.
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Return for Risk
ASR5.DE vs. ASRE.DE — Risk / Return Rank
ASR5.DE
ASRE.DE
ASR5.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 3-5Y UCITS ETF (ASR5.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASR5.DE | ASRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.02 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 0.12 | +0.37 |
| Martin ratioReturn relative to average drawdown | 1.70 | 0.30 | +1.40 |
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Drawdowns
ASR5.DE vs. ASRE.DE - Drawdown Comparison
The maximum ASR5.DE drawdown since its inception was -14.16%, which is greater than ASRE.DE's maximum drawdown of -12.01%. Use the drawdown chart below to compare losses from any high point for ASR5.DE and ASRE.DE.
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Drawdown Indicators
| ASR5.DE | ASRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.16% | -12.01% | -2.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -2.40% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -2.44% | -2.40% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -14.16% | -12.01% | -2.15% |
Current DrawdownCurrent decline from peak | -0.65% | -2.55% | +1.90% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -5.08% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.94% | -0.24% |
Volatility
ASR5.DE vs. ASRE.DE - Volatility Comparison
BNP Paribas Easy EUR Corporate Bond SRI PAB 3-5Y UCITS ETF (ASR5.DE) has a higher volatility of 0.81% compared to BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.DE) at 0.71%. This indicates that ASR5.DE's price experiences larger fluctuations and is considered to be riskier 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
| ASR5.DE | ASRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.71% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 2.36% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 2.62% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.96% | 3.62% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.18% | 3.48% | +0.70% |
ASR5.DE vs. ASRE.DE - Expense Ratio Comparison
ASR5.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
ASR5.DE vs. ASRE.DE - Dividend Comparison
ASR5.DE's dividend yield for the trailing twelve months is around 2.51%, while ASRE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ASR5.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 3-5Y UCITS ETF | 2.51% | 3.10% | 3.44% | 0.97% | 1.26% | 1.10% |
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
ASR5.DE and ASRE.DE have a correlation of 0.80, 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 ASR5.DE.
ASR5.DE is categorized as European Corporate Bonds, while ASRE.DE is European Government Bonds. ASR5.DE tracks Bloomberg MSCI 3-5Y 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 ASR5.DE and 0.15% for ASRE.DE.
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