ASR5.DE vs. ECR3.DE

Last updated Jul 18, 2026

ASR5.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB 3-5Y UCITS ETF) and ECR3.DE (Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF) are both European Corporate Bonds funds - ASR5.DE tracks the Bloomberg MSCI 3-5Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB while ECR3.DE tracks the Bloomberg MSCI Euro Corporate ESG BB+ Sustainability SRI 0-3 Year. Both are passively managed. Over the past 5 years, ASR5.DE returned 0.40%/yr vs 1.59%/yr for ECR3.DE. A 0.66 correlation means they provide meaningful diversification when combined. ASR5.DE charges 0.20%/yr vs 0.12%/yr for ECR3.DE.

Performance

ASR5.DE vs. ECR3.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy EUR Corporate Bond SRI PAB 3-5Y UCITS ETF (ASR5.DE) and Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF (ECR3.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASR5.DE achieves a 0.44% return, which is significantly lower than ECR3.DE's 0.78% 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*: —

ECR3.DE

• 1D: 0.02%
• 1M: -0.00%
• 6M: 0.57%
• YTD: 0.78%
• 1Y: 1.64%
• 3Y*: 3.62%
• 5Y*: 1.59%
• 10Y*: —

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

ASR5.DE vs. ECR3.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
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%	1.40%	-0.10%
ECR3.DE Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF	0.78%	2.98%	4.20%	4.16%	-3.71%	-0.12%	0.42%	0.08%

Correlation

The correlation between ASR5.DE and ECR3.DE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 4, 2019	0.66

The correlation between ASR5.DE and ECR3.DE has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.

Return for Risk

ASR5.DE vs. ECR3.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASR5.DE

ASR5.DE Risk / Return Rank: 17
ASR5.DE Sharpe Ratio Rank: 17
ASR5.DE Sortino Ratio Rank: 16
ASR5.DE Omega Ratio Rank: 16
ASR5.DE Calmar Ratio Rank: 17
ASR5.DE Martin Ratio Rank: 20

ECR3.DE

ECR3.DE Risk / Return Rank: 54
ECR3.DE Sharpe Ratio Rank: 50
ECR3.DE Sortino Ratio Rank: 57
ECR3.DE Omega Ratio Rank: 62
ECR3.DE Calmar Ratio Rank: 46
ECR3.DE Martin Ratio Rank: 55

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.

ASR5.DE vs. ECR3.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 Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF (ECR3.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	ECR3.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.39	1.36	-0.98
Sortino ratio: Return per unit of downside risk	0.61	2.14	-1.53
Omega ratio: Gain probability vs. loss probability	1.08	1.29	-0.21
Calmar ratio: Return relative to maximum drawdown	0.49	1.85	-1.36
Martin ratio: Return relative to average drawdown	1.70	7.23	-5.53

ASR5.DE vs. ECR3.DE - Sharpe Ratio Comparison

The current ASR5.DE Sharpe Ratio is 0.39, which is lower than the ECR3.DE Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of ASR5.DE and ECR3.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.

Drawdowns

ASR5.DE vs. ECR3.DE - Drawdown Comparison

The maximum ASR5.DE drawdown since its inception was -14.16%, which is greater than ECR3.DE's maximum drawdown of -5.30%. Use the drawdown chart below to compare losses from any high point for ASR5.DE and ECR3.DE.

Drawdown Indicators

	ASR5.DE	ECR3.DE	Difference
Max Drawdown Largest peak-to-trough decline	-14.16%	-5.30%	-8.86%
Max Drawdown (1Y) Largest decline over 1 year	-2.44%	-0.89%	-1.55%
Max Drawdown (3Y) Largest decline over 3 years	-2.44%	-0.89%	-1.55%
Max Drawdown (5Y) Largest decline over 5 years	-14.16%	-5.05%	-9.11%
Current Drawdown Current decline from peak	-0.65%	-0.24%	-0.41%
Average Drawdown Average peak-to-trough decline	-4.09%	-0.98%	-3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	0.23%	+0.47%

Volatility

ASR5.DE vs. ECR3.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 Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF (ECR3.DE) at 0.34%. This indicates that ASR5.DE's price experiences larger fluctuations and is considered to be riskier than ECR3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASR5.DE	ECR3.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.81%	0.34%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	1.01%	+1.66%
Volatility (1Y) Calculated over the trailing 1-year period	3.08%	1.20%	+1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.96%	1.41%	+2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.18%	1.87%	+2.31%

ASR5.DE vs. ECR3.DE - Expense Ratio Comparison

ASR5.DE has a 0.20% expense ratio, which is higher than ECR3.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

ASR5.DE vs. ECR3.DE - Dividend Comparison

ASR5.DE's dividend yield for the trailing twelve months is around 2.51%, while ECR3.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%
ECR3.DE Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASR5.DE and ECR3.DE in my portfolio?

ASR5.DE and ECR3.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASR5.DE or ECR3.DE?

On fees, ECR3.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASR5.DE or ECR3.DE?

ECR3.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for ASR5.DE.

What is the main difference between ASR5.DE and ECR3.DE?

ASR5.DE tracks Bloomberg MSCI 3-5Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB, while ECR3.DE tracks Bloomberg MSCI Euro Corporate ESG BB+ Sustainability SRI 0-3 Year. They also come from different issuers: BNP Paribas and Amundi. Their fees differ too: 0.20% for ASR5.DE and 0.12% for ECR3.DE.