ASR5.DE vs. ETSZ.DE
ASR5.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB 3-5Y UCITS ETF) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 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 ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 5 years, ASR5.DE returned 0.40%/yr vs 10.09%/yr for ETSZ.DE. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
ASR5.DE vs. ETSZ.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 lower than ETSZ.DE's 10.30% 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*
- —
ETSZ.DE
- 1D
- -0.38%
- 1M
- 0.38%
- 6M
- 6.24%
- YTD
- 10.30%
- 1Y
- 20.23%
- 3Y*
- 14.60%
- 5Y*
- 10.09%
- 10Y*
- 9.62%
ASR5.DE vs. ETSZ.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% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 10.30% | 20.39% | 8.24% | 15.59% | -10.31% | 24.87% | -1.48% | 11.42% |
Correlation
The correlation between ASR5.DE and ETSZ.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2019 | 0.33 |
Over the past year, ASR5.DE and ETSZ.DE have become more correlated (0.54) than their long-term average of 0.33, meaning their price movements have been converging.
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Return for Risk
ASR5.DE vs. ETSZ.DE — Risk / Return Rank
ASR5.DE
ETSZ.DE
ASR5.DE vs. ETSZ.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 STOXX Europe 600 UCITS ETF (ETSZ.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 | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.30 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 2.14 | -1.65 |
| Martin ratioReturn relative to average drawdown | 1.70 | 8.20 | -6.50 |
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Drawdowns
ASR5.DE vs. ETSZ.DE - Drawdown Comparison
The maximum ASR5.DE drawdown since its inception was -14.16%, smaller than the maximum ETSZ.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for ASR5.DE and ETSZ.DE.
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Drawdown Indicators
| ASR5.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.16% | -35.54% | +21.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -9.41% | +6.97% |
Max Drawdown (3Y)Largest decline over 3 years | -2.44% | -16.34% | +13.90% |
Max Drawdown (5Y)Largest decline over 5 years | -14.16% | -20.50% | +6.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.54% | — |
Current DrawdownCurrent decline from peak | -0.65% | -1.68% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -5.32% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 2.46% | -1.76% |
Volatility
ASR5.DE vs. ETSZ.DE - Volatility Comparison
The current volatility for BNP Paribas Easy EUR Corporate Bond SRI PAB 3-5Y UCITS ETF (ASR5.DE) is 0.81%, while BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) has a volatility of 3.08%. This indicates that ASR5.DE experiences smaller price fluctuations and is considered to be less risky than ETSZ.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 | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 3.08% | -2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 10.97% | -8.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 12.99% | -9.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.96% | 14.39% | -10.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.18% | 15.18% | -11.00% |
ASR5.DE vs. ETSZ.DE - Expense Ratio Comparison
Both ASR5.DE and ETSZ.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
ASR5.DE vs. ETSZ.DE - Dividend Comparison
ASR5.DE's dividend yield for the trailing twelve months is around 2.51%, while ETSZ.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% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ASR5.DE and ETSZ.DE have a correlation of 0.54, 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.
ASR5.DE and ETSZ.DE have the same expense ratio: 0.20% per year.
ASR5.DE is categorized as European Corporate Bonds, while ETSZ.DE is Europe Equities. ASR5.DE tracks Bloomberg MSCI 3-5Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB, while ETSZ.DE tracks STOXX® Europe 600.
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