ASRD.DE vs. JMBA.DE
ASRD.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged) and JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) are both Emerging Markets Bonds funds - ASRD.DE tracks the JP Morgan ESG EMBI Global Diversified (EUR Hedged) while JMBA.DE tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index. Both are passively managed. Over the past 5 years, ASRD.DE returned -0.63%/yr vs 1.93%/yr for JMBA.DE. At a 0.45 correlation, their price movements are largely independent. ASRD.DE charges 0.25%/yr vs 0.39%/yr for JMBA.DE.
Performance
ASRD.DE vs. JMBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASRD.DE achieves a 0.46% return, which is significantly lower than JMBA.DE's 4.33% return.
ASRD.DE
- 1D
- 0.00%
- 1M
- -0.70%
- 6M
- 0.65%
- YTD
- 0.46%
- 1Y
- 7.39%
- 3Y*
- 6.04%
- 5Y*
- -0.63%
- 10Y*
- —
JMBA.DE
- 1D
- -0.15%
- 1M
- 0.55%
- 6M
- 3.60%
- YTD
- 4.33%
- 1Y
- 10.91%
- 3Y*
- 6.62%
- 5Y*
- 1.93%
- 10Y*
- —
ASRD.DE vs. JMBA.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 | 0.46% | 11.16% | 3.52% | 6.69% | -19.97% | -1.25% |
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 4.33% | 0.84% | 7.77% | 5.79% | -10.80% | 5.88% |
Correlation
The correlation between ASRD.DE and JMBA.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021 | 0.45 |
The correlation between ASRD.DE and JMBA.DE shifts across timeframes, from 0.33 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ASRD.DE vs. JMBA.DE — Risk / Return Rank
ASRD.DE
JMBA.DE
ASRD.DE vs. JMBA.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 JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASRD.DE | JMBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 3.84 | -2.29 |
| Martin ratioReturn relative to average drawdown | 5.56 | 11.71 | -6.14 |
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Drawdowns
ASRD.DE vs. JMBA.DE - Drawdown Comparison
The maximum ASRD.DE drawdown since its inception was -29.54%, which is greater than JMBA.DE's maximum drawdown of -26.66%. Use the drawdown chart below to compare losses from any high point for ASRD.DE and JMBA.DE.
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Drawdown Indicators
| ASRD.DE | JMBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.54% | -26.66% | -2.88% |
Max Drawdown (1Y)Largest decline over 1 year | -4.77% | -3.14% | -1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -12.45% | +4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -29.54% | -14.09% | -15.45% |
Current DrawdownCurrent decline from peak | -4.29% | -1.40% | -2.89% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -11.27% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.03% | +0.30% |
Volatility
ASRD.DE vs. JMBA.DE - Volatility Comparison
The current volatility for BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged (ASRD.DE) is 0.96%, while JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) has a volatility of 1.53%. This indicates that ASRD.DE experiences smaller price fluctuations and is considered to be less risky than JMBA.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 | JMBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.53% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 5.00% | 4.11% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.92% | 6.05% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.05% | 8.43% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.83% | 10.70% | -1.87% |
ASRD.DE vs. JMBA.DE - Expense Ratio Comparison
ASRD.DE has a 0.25% expense ratio, which is lower than JMBA.DE's 0.39% expense ratio.
Dividends
ASRD.DE vs. JMBA.DE - Dividend Comparison
Neither ASRD.DE nor JMBA.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRD.DE and JMBA.DE have a correlation of 0.33, 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 0.39% for JMBA.DE.
ASRD.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged), while JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index. They also come from different issuers: BNP Paribas and JPMorgan. Their fees differ too: 0.25% for ASRD.DE and 0.39% for JMBA.DE.
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