ASRC.DE vs. VGEM.DE
ASRC.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF) and VGEM.DE (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) are both Emerging Markets Bonds funds - ASRC.DE tracks the JP Morgan ESG EMBI Global Diversified while VGEM.DE tracks the Bloomberg EM USD Sovereign + Quasi-Sov. Both are passively managed. Over the past 5 years, ASRC.DE returned 1.70%/yr vs 1.78%/yr for VGEM.DE. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
ASRC.DE vs. VGEM.DE - Performance Comparison
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Different Trading Currencies
ASRC.DE is traded in USD, while VGEM.DE is traded in EUR. To make them comparable, the VGEM.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 VGEM.DE's 1.16% 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*
- —
VGEM.DE
- 1D
- 0.32%
- 1M
- 0.54%
- YTD
- 1.16%
- 6M
- 1.35%
- 1Y
- 8.55%
- 3Y*
- 8.11%
- 5Y*
- 1.78%
- 10Y*
- —
ASRC.DE vs. VGEM.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% |
VGEM.DE Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 1.16% | 11.15% | 5.65% | 8.58% | -15.17% | 0.66% |
Correlation
The correlation between ASRC.DE and VGEM.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.69 |
The correlation between ASRC.DE and VGEM.DE has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.
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Return for Risk
ASRC.DE vs. VGEM.DE — Risk / Return Rank
ASRC.DE
VGEM.DE
ASRC.DE vs. VGEM.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 Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.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 | VGEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.26 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.14 | +0.27 |
| Martin ratioReturn relative to average drawdown | 9.51 | 8.07 | +1.45 |
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 | VGEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 1.49 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.22 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.28 | -0.04 |
Drawdowns
ASRC.DE vs. VGEM.DE - Drawdown Comparison
The maximum ASRC.DE drawdown since its inception was -27.88%, which is greater than VGEM.DE's maximum drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for ASRC.DE and VGEM.DE.
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Drawdown Indicators
| ASRC.DE | VGEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.88% | -24.42% | -3.46% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -3.97% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -7.53% | -6.42% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -27.88% | -24.26% | -3.62% |
Current DrawdownCurrent decline from peak | -0.30% | -0.81% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -9.38% | -5.95% | -3.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.06% | +0.08% |
Volatility
ASRC.DE vs. VGEM.DE - Volatility Comparison
BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.DE) has a higher volatility of 1.92% compared to Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.DE) at 1.73%. This indicates that ASRC.DE's price experiences larger fluctuations and is considered to be riskier than VGEM.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 | VGEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 1.73% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 4.52% | 4.03% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.39% | 5.73% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 8.06% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.25% | 8.80% | -0.55% |
ASRC.DE vs. VGEM.DE - Expense Ratio Comparison
Both ASRC.DE and VGEM.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ASRC.DE vs. VGEM.DE - Dividend Comparison
ASRC.DE has not paid dividends to shareholders, while VGEM.DE's dividend yield for the trailing twelve months is around 5.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGEM.DE Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.06% | 5.60% | 5.23% | 5.14% | 4.84% | 3.16% | 3.99% | 3.87% | 3.84% | 0.68% |
Frequently Asked Questions
ASRC.DE and VGEM.DE have a correlation of 0.64, 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 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ASRC.DE and VGEM.DE have the same expense ratio: 0.25% per year.
ASRC.DE tracks JP Morgan ESG EMBI Global Diversified, while VGEM.DE tracks Bloomberg EM USD Sovereign + Quasi-Sov. They also come from different issuers: BNP Paribas and Vanguard.
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