ASRC.DE vs. ESAP.DE

Last updated Jun 5, 2026

ASRC.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF) and ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) are both exchange-traded funds - ASRC.DE is a Emerging Markets Bonds fund tracking the JP Morgan ESG EMBI Global Diversified, while ESAP.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, ASRC.DE returned 1.70%/yr vs 13.64%/yr for ESAP.DE. At a 0.46 correlation, their price movements are largely independent. ASRC.DE charges 0.25%/yr vs 0.15%/yr for ESAP.DE.

Performance

ASRC.DE vs. ESAP.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.DE) and BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASRC.DE achieves a 1.68% return, which is significantly lower than ESAP.DE's 10.03% return.

ASRC.DE

• 1D: 0.37%
• 1M: 1.01%
• YTD: 1.68%
• 6M: 2.44%
• 1Y: 10.84%
• 3Y*: 9.13%
• 5Y*: 1.70%
• 10Y*: —

ESAP.DE

• 1D: 0.01%
• 1M: 4.49%
• YTD: 10.03%
• 6M: 10.96%
• 1Y: 27.63%
• 3Y*: 21.99%
• 5Y*: 13.64%
• 10Y*: —

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

ASRC.DE vs. ESAP.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ASRC.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF	1.68%	13.42%	5.17%	9.72%	-17.46%	1.29%
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD	10.03%	17.48%	24.85%	26.98%	-19.18%	25.66%

Correlation

The correlation between ASRC.DE and ESAP.DE is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021	0.46

The correlation between ASRC.DE and ESAP.DE shifts across timeframes, from 0.46 (5 years) to 0.61 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ASRC.DE vs. ESAP.DE — Risk / Return Rank

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

ASRC.DE

ASRC.DE Risk / Return Rank: 60
ASRC.DE Sharpe Ratio Rank: 61
ASRC.DE Sortino Ratio Rank: 69
ASRC.DE Omega Ratio Rank: 65
ASRC.DE Calmar Ratio Rank: 49
ASRC.DE Martin Ratio Rank: 56

ESAP.DE

ESAP.DE Risk / Return Rank: 73
ESAP.DE Sharpe Ratio Rank: 73
ESAP.DE Sortino Ratio Rank: 77
ESAP.DE Omega Ratio Rank: 72
ESAP.DE Calmar Ratio Rank: 68
ESAP.DE Martin Ratio Rank: 76

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.

ASRC.DE vs. ESAP.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.DE) and BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.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.

	ASRC.DE	ESAP.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.34	-0.33
Sortino ratio: Return per unit of downside risk	3.11	3.41	-0.30
Omega ratio: Gain probability vs. loss probability	1.38	1.42	-0.04
Calmar ratio: Return relative to maximum drawdown	2.41	3.35	-0.94
Martin ratio: Return relative to average drawdown	9.51	14.32	-4.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASRC.DE vs. ESAP.DE - Sharpe Ratio Comparison

The current ASRC.DE Sharpe Ratio is 2.01, which is comparable to the ESAP.DE Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of ASRC.DE and ESAP.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.

Sharpe Ratios by Period

	ASRC.DE	ESAP.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	2.34	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.84	-0.64
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.88	-0.64

Drawdowns

ASRC.DE vs. ESAP.DE - Drawdown Comparison

The maximum ASRC.DE drawdown since its inception was -27.88%, smaller than the maximum ESAP.DE drawdown of -34.23%. Use the drawdown chart below to compare losses from any high point for ASRC.DE and ESAP.DE.

Drawdown Indicators

	ASRC.DE	ESAP.DE	Difference
Max Drawdown Largest peak-to-trough decline	-27.88%	-34.23%	+6.35%
Max Drawdown (1Y) Largest decline over 1 year	-4.48%	-8.20%	+3.72%
Max Drawdown (3Y) Largest decline over 3 years	-7.53%	-18.69%	+11.16%
Max Drawdown (5Y) Largest decline over 5 years	-27.88%	-24.33%	-3.55%
Current Drawdown Current decline from peak	-0.30%	-0.56%	+0.26%
Average Drawdown Average peak-to-trough decline	-9.38%	-5.37%	-4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	1.93%	-0.79%

Volatility

ASRC.DE vs. ESAP.DE - Volatility Comparison

The current volatility for BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.DE) is 1.92%, while BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) has a volatility of 3.09%. This indicates that ASRC.DE experiences smaller price fluctuations and is considered to be less risky than ESAP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASRC.DE	ESAP.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.92%	3.09%	-1.17%
Volatility (6M) Calculated over the trailing 6-month period	4.52%	8.58%	-4.06%
Volatility (1Y) Calculated over the trailing 1-year period	5.39%	11.76%	-6.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.33%	16.01%	-7.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.25%	17.99%	-9.74%

ASRC.DE vs. ESAP.DE - Expense Ratio Comparison

ASRC.DE has a 0.25% expense ratio, which is higher than ESAP.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

ASRC.DE vs. ESAP.DE - Dividend Comparison

Neither ASRC.DE nor ESAP.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ASRC.DE and ESAP.DE in my portfolio?

ASRC.DE and ESAP.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASRC.DE or ESAP.DE?

On fees, ESAP.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASRC.DE or ESAP.DE?

ESAP.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for ASRC.DE.

What is the main difference between ASRC.DE and ESAP.DE?

ASRC.DE is categorized as Emerging Markets Bonds, while ESAP.DE is S&P 500. ASRC.DE tracks JP Morgan ESG EMBI Global Diversified, while ESAP.DE tracks S&P 500 Index. Their fees differ too: 0.25% for ASRC.DE and 0.15% for ESAP.DE.