ASRD.DE vs. IS3C.DE
ASRD.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged) and IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) are both Emerging Markets Bonds funds - ASRD.DE tracks the JP Morgan ESG EMBI Global Diversified (EUR Hedged) while IS3C.DE tracks the JP Morgan EMBI Global Core (EUR Hedged). Both are passively managed. Over the past 5 years, ASRD.DE returned -0.44%/yr vs -3.40%/yr for IS3C.DE. A 0.79 correlation means they provide meaningful diversification when combined. ASRD.DE charges 0.25%/yr vs 0.50%/yr for IS3C.DE.
Performance
ASRD.DE vs. IS3C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASRD.DE achieves a 0.59% return, which is significantly higher than IS3C.DE's -1.63% return.
ASRD.DE
- 1D
- 0.37%
- 1M
- 0.84%
- YTD
- 0.59%
- 6M
- 1.27%
- 1Y
- 8.54%
- 3Y*
- 6.91%
- 5Y*
- -0.44%
- 10Y*
- —
IS3C.DE
- 1D
- 0.23%
- 1M
- 0.40%
- YTD
- -1.63%
- 6M
- -1.60%
- 1Y
- 2.73%
- 3Y*
- 2.01%
- 5Y*
- -3.40%
- 10Y*
- -0.58%
ASRD.DE vs. IS3C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ASRD.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged | 0.59% | 11.16% | 3.52% | 6.69% | -19.97% | 0.96% |
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | -1.63% | 5.32% | -1.72% | 5.39% | -20.57% | 0.17% |
Correlation
The correlation between ASRD.DE and IS3C.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.79 |
The correlation between ASRD.DE and IS3C.DE has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.
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Return for Risk
ASRD.DE vs. IS3C.DE — Risk / Return Rank
ASRD.DE
IS3C.DE
ASRD.DE vs. IS3C.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 EUR Hedged (ASRD.DE) and iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.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.
| ASRD.DE | IS3C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.08 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 0.48 | +1.30 |
| Martin ratioReturn relative to average drawdown | 6.57 | 1.52 | +5.05 |
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
| ASRD.DE | IS3C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 0.44 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | -0.38 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.00 | -0.01 |
Drawdowns
ASRD.DE vs. IS3C.DE - Drawdown Comparison
The maximum ASRD.DE drawdown since its inception was -29.54%, roughly equal to the maximum IS3C.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for ASRD.DE and IS3C.DE.
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Drawdown Indicators
| ASRD.DE | IS3C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.54% | -30.78% | +1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -4.77% | -5.62% | +0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -8.94% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -29.54% | -30.47% | +0.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.78% | — |
Current DrawdownCurrent decline from peak | -4.16% | -17.90% | +13.74% |
Average DrawdownAverage peak-to-trough decline | -13.13% | -9.16% | -3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.79% | -0.49% |
Volatility
ASRD.DE vs. IS3C.DE - Volatility Comparison
The current volatility for BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged (ASRD.DE) is 1.86%, while iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) has a volatility of 2.10%. This indicates that ASRD.DE experiences smaller price fluctuations and is considered to be less risky than IS3C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASRD.DE | IS3C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 2.10% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.97% | 5.14% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.97% | 6.18% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.06% | 8.94% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.96% | 9.30% | -0.34% |
ASRD.DE vs. IS3C.DE - Expense Ratio Comparison
ASRD.DE has a 0.25% expense ratio, which is lower than IS3C.DE's 0.50% expense ratio.
Dividends
ASRD.DE vs. IS3C.DE - Dividend Comparison
Neither ASRD.DE nor IS3C.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASRD.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 0.00% | 0.00% | 0.00% | 3.58% | 5.39% | 3.93% | 3.85% | 4.77% | 5.76% | 3.88% | 5.34% | 4.72% |
Frequently Asked Questions
ASRD.DE and IS3C.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRD.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRD.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for IS3C.DE.
ASRD.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged), while IS3C.DE tracks JP Morgan EMBI Global Core (EUR Hedged). They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.25% for ASRD.DE and 0.50% for IS3C.DE.
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