ASRC.DE vs. ZPR6.DE
ASRC.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF) and ZPR6.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds - ASRC.DE tracks the JP Morgan ESG EMBI Global Diversified while ZPR6.DE tracks the ICE BofAML 0-5 EM USD Government Bond (EUR Hedged). Both are passively managed. Over the past 5 years, ASRC.DE returned 1.70%/yr vs -0.70%/yr for ZPR6.DE. A 0.51 correlation means they provide meaningful diversification when combined. ASRC.DE charges 0.25%/yr vs 0.47%/yr for ZPR6.DE.
Performance
ASRC.DE vs. ZPR6.DE - Performance Comparison
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Different Trading Currencies
ASRC.DE is traded in USD, while ZPR6.DE is traded in EUR. To make them comparable, the ZPR6.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 ZPR6.DE's -1.00% 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*
- —
ZPR6.DE
- 1D
- 0.16%
- 1M
- -0.77%
- YTD
- -1.00%
- 6M
- 0.20%
- 1Y
- 4.90%
- 3Y*
- 6.88%
- 5Y*
- -0.70%
- 10Y*
- —
ASRC.DE vs. ZPR6.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% |
ZPR6.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc | -1.00% | 19.24% | -2.80% | 7.27% | -14.10% | -7.82% |
Correlation
The correlation between ASRC.DE and ZPR6.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.51 |
The correlation between ASRC.DE and ZPR6.DE has been stable across timeframes, ranging from 0.50 to 0.51 - a consistent structural relationship.
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Return for Risk
ASRC.DE vs. ZPR6.DE — Risk / Return Rank
ASRC.DE
ZPR6.DE
ASRC.DE vs. ZPR6.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 ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.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 | ZPR6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.12 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 0.83 | +1.58 |
| Martin ratioReturn relative to average drawdown | 9.51 | 2.30 | +7.21 |
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 | ZPR6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 0.67 | +1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | -0.07 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.09 | +0.16 |
Drawdowns
ASRC.DE vs. ZPR6.DE - Drawdown Comparison
The maximum ASRC.DE drawdown since its inception was -27.88%, smaller than the maximum ZPR6.DE drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for ASRC.DE and ZPR6.DE.
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Drawdown Indicators
| ASRC.DE | ZPR6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.88% | -31.36% | +3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -5.88% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -7.53% | -9.30% | +1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -27.88% | -31.18% | +3.30% |
Current DrawdownCurrent decline from peak | -0.30% | -3.92% | +3.62% |
Average DrawdownAverage peak-to-trough decline | -9.38% | -11.30% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 2.12% | -0.98% |
Volatility
ASRC.DE vs. ZPR6.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 SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.DE) at 1.56%. This indicates that ASRC.DE's price experiences larger fluctuations and is considered to be riskier than ZPR6.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 | ZPR6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 1.56% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 4.52% | 5.24% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.39% | 7.35% | -1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 9.98% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.25% | 9.92% | -1.67% |
ASRC.DE vs. ZPR6.DE - Expense Ratio Comparison
ASRC.DE has a 0.25% expense ratio, which is lower than ZPR6.DE's 0.47% expense ratio.
Dividends
ASRC.DE vs. ZPR6.DE - Dividend Comparison
Neither ASRC.DE nor ZPR6.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRC.DE and ZPR6.DE have a correlation of 0.51, 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 0.47% for ZPR6.DE.
ASRC.DE tracks JP Morgan ESG EMBI Global Diversified, while ZPR6.DE tracks ICE BofAML 0-5 EM USD Government Bond (EUR Hedged). They also come from different issuers: BNP Paribas and State Street. Their fees differ too: 0.25% for ASRC.DE and 0.47% for ZPR6.DE.
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