ASRC.DE vs. SYBM.DE
ASRC.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF) and SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) are both Emerging Markets Bonds funds - ASRC.DE tracks the JP Morgan ESG EMBI Global Diversified while SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond. Both are passively managed. Over the past 5 years, ASRC.DE returned 1.70%/yr vs 0.51%/yr for SYBM.DE. At a 0.47 correlation, their price movements are largely independent. ASRC.DE charges 0.25%/yr vs 0.55%/yr for SYBM.DE.
Performance
ASRC.DE vs. SYBM.DE - Performance Comparison
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Different Trading Currencies
ASRC.DE is traded in USD, while SYBM.DE is traded in EUR. To make them comparable, the SYBM.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 higher than SYBM.DE's -0.66% 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*
- —
SYBM.DE
- 1D
- 0.07%
- 1M
- -0.31%
- YTD
- -0.66%
- 6M
- 0.07%
- 1Y
- 5.15%
- 3Y*
- 5.33%
- 5Y*
- 0.51%
- 10Y*
- 1.98%
ASRC.DE vs. SYBM.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% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | -0.66% | 15.69% | -2.77% | 9.12% | -9.83% | -6.44% |
Correlation
The correlation between ASRC.DE and SYBM.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
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 | 0.47 |
The correlation between ASRC.DE and SYBM.DE shifts across timeframes, from 0.46 (5 years) to 0.56 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ASRC.DE vs. SYBM.DE — Risk / Return Rank
ASRC.DE
SYBM.DE
ASRC.DE vs. SYBM.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 SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.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 | SYBM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.14 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 0.81 | +1.60 |
| Martin ratioReturn relative to average drawdown | 9.51 | 2.60 | +6.92 |
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 | SYBM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 0.75 | +1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.06 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.07 | +0.18 |
Drawdowns
ASRC.DE vs. SYBM.DE - Drawdown Comparison
The maximum ASRC.DE drawdown since its inception was -27.88%, roughly equal to the maximum SYBM.DE drawdown of -27.61%. Use the drawdown chart below to compare losses from any high point for ASRC.DE and SYBM.DE.
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Drawdown Indicators
| ASRC.DE | SYBM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.88% | -27.61% | -0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -6.38% | +1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -7.53% | -8.51% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -27.88% | -24.84% | -3.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.69% | — |
Current DrawdownCurrent decline from peak | -0.30% | -3.79% | +3.49% |
Average DrawdownAverage peak-to-trough decline | -9.38% | -11.05% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.99% | -0.85% |
Volatility
ASRC.DE vs. SYBM.DE - Volatility Comparison
The current volatility for BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.DE) is 1.92%, while SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) has a volatility of 2.04%. This indicates that ASRC.DE experiences smaller price fluctuations and is considered to be less risky than SYBM.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 | SYBM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 2.04% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.52% | 5.63% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.39% | 6.91% | -1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 8.95% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.25% | 9.40% | -1.15% |
ASRC.DE vs. SYBM.DE - Expense Ratio Comparison
ASRC.DE has a 0.25% expense ratio, which is lower than SYBM.DE's 0.55% expense ratio.
Dividends
ASRC.DE vs. SYBM.DE - Dividend Comparison
ASRC.DE has not paid dividends to shareholders, while SYBM.DE's dividend yield for the trailing twelve months is around 5.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASRC.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 5.07% | 5.01% | 4.77% | 4.21% | 4.29% | 3.89% | 4.12% | 4.34% | 4.13% | 5.01% | 4.30% | 5.26% |
Frequently Asked Questions
ASRC.DE and SYBM.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRC.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRC.DE is cheaper with a 0.25% expense ratio, compared with 0.55% for SYBM.DE.
ASRC.DE tracks JP Morgan ESG EMBI Global Diversified, while SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond. They also come from different issuers: BNP Paribas and State Street. Their fees differ too: 0.25% for ASRC.DE and 0.55% for SYBM.DE.
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