ASRC.DE vs. ETSZ.DE
ASRC.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both exchange-traded funds - ASRC.DE is a Emerging Markets Bonds fund tracking the JP Morgan ESG EMBI Global Diversified, while ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 5 years, ASRC.DE returned 1.70%/yr vs 8.60%/yr for ETSZ.DE. At a 0.48 correlation, their price movements are largely independent. ASRC.DE charges 0.25%/yr vs 0.20%/yr for ETSZ.DE.
Performance
ASRC.DE vs. ETSZ.DE - Performance Comparison
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Different Trading Currencies
ASRC.DE is traded in USD, while ETSZ.DE is traded in EUR. To make them comparable, the ETSZ.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ASRC.DE achieves a 1.68% return, which is significantly lower than ETSZ.DE's 6.01% 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*
- —
ETSZ.DE
- 1D
- 0.71%
- 1M
- 2.30%
- YTD
- 6.01%
- 6M
- 9.45%
- 1Y
- 18.19%
- 3Y*
- 16.82%
- 5Y*
- 8.60%
- 10Y*
- 9.41%
ASRC.DE vs. ETSZ.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% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 6.01% | 35.96% | 2.03% | 19.26% | -15.25% | 13.45% |
Correlation
The correlation between ASRC.DE and ETSZ.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.48 |
The correlation between ASRC.DE and ETSZ.DE shifts across timeframes, from 0.48 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ASRC.DE vs. ETSZ.DE — Risk / Return Rank
ASRC.DE
ETSZ.DE
ASRC.DE vs. ETSZ.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 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.
| ASRC.DE | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.23 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.60 | +0.81 |
| Martin ratioReturn relative to average drawdown | 9.51 | 5.71 | +3.81 |
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
| ASRC.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 1.23 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.48 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.40 | -0.16 |
Drawdowns
ASRC.DE vs. ETSZ.DE - Drawdown Comparison
The maximum ASRC.DE drawdown since its inception was -27.88%, smaller than the maximum ETSZ.DE drawdown of -35.67%. Use the drawdown chart below to compare losses from any high point for ASRC.DE and ETSZ.DE.
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Drawdown Indicators
| ASRC.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.88% | -35.67% | +7.79% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -11.30% | +6.82% |
Max Drawdown (3Y)Largest decline over 3 years | -7.53% | -15.08% | +7.55% |
Max Drawdown (5Y)Largest decline over 5 years | -27.88% | -32.15% | +4.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.67% | — |
Current DrawdownCurrent decline from peak | -0.30% | -1.96% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -9.38% | -7.72% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 3.18% | -2.04% |
Volatility
ASRC.DE vs. ETSZ.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 STOXX Europe 600 UCITS ETF (ETSZ.DE) has a volatility of 4.94%. This indicates that ASRC.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
| ASRC.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 4.94% | -3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.52% | 12.30% | -7.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.39% | 14.80% | -9.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 17.62% | -9.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.25% | 17.77% | -9.52% |
ASRC.DE vs. ETSZ.DE - Expense Ratio Comparison
ASRC.DE has a 0.25% expense ratio, which is higher than ETSZ.DE's 0.20% 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. ETSZ.DE - Dividend Comparison
Neither ASRC.DE nor ETSZ.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRC.DE and ETSZ.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETSZ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETSZ.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for ASRC.DE.
ASRC.DE is categorized as Emerging Markets Bonds, while ETSZ.DE is Europe Equities. ASRC.DE tracks JP Morgan ESG EMBI Global Diversified, while ETSZ.DE tracks STOXX® Europe 600. Their fees differ too: 0.25% for ASRC.DE and 0.20% for ETSZ.DE.
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