ASRD.DE vs. LCEU.DE

Last updated Jun 5, 2026

ASRD.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged) and LCEU.DE (BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF) are both exchange-traded funds - ASRD.DE is a Emerging Markets Bonds fund tracking the JP Morgan ESG EMBI Global Diversified (EUR Hedged), while LCEU.DE is a Europe Equities fund tracking the Low Carbon 100 Europe PAB. Both are passively managed. Over the past 3 years, ASRD.DE returned 6.91%/yr vs 7.74%/yr for LCEU.DE. At a 0.38 correlation, their price movements are largely independent. ASRD.DE charges 0.25%/yr vs 0.30%/yr for LCEU.DE.

Performance

ASRD.DE vs. LCEU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged (ASRD.DE) and BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF (LCEU.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASRD.DE achieves a 0.59% return, which is significantly lower than LCEU.DE's 4.87% 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*: —

LCEU.DE

• 1D: 0.90%
• 1M: 3.09%
• YTD: 4.87%
• 6M: 7.28%
• 1Y: 9.14%
• 3Y*: 7.74%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASRD.DE vs. LCEU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ASRD.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged	0.59%	11.16%	3.52%	6.69%	2.39%
LCEU.DE BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF	4.87%	9.84%	5.83%	14.59%	2.39%

Correlation

The correlation between ASRD.DE and LCEU.DE is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jul 18, 2022	0.38

The correlation between ASRD.DE and LCEU.DE shifts across timeframes, from 0.37 (3 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ASRD.DE vs. LCEU.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASRD.DE

ASRD.DE Risk / Return Rank: 42
ASRD.DE Sharpe Ratio Rank: 41
ASRD.DE Sortino Ratio Rank: 48
ASRD.DE Omega Ratio Rank: 41
ASRD.DE Calmar Ratio Rank: 37
ASRD.DE Martin Ratio Rank: 42

LCEU.DE

LCEU.DE Risk / Return Rank: 22
LCEU.DE Sharpe Ratio Rank: 22
LCEU.DE Sortino Ratio Rank: 21
LCEU.DE Omega Ratio Rank: 22
LCEU.DE Calmar Ratio Rank: 20
LCEU.DE Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASRD.DE vs. LCEU.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 BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF (LCEU.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	LCEU.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.43	0.71	+0.72
Sortino ratio: Return per unit of downside risk	2.30	1.11	+1.19
Omega ratio: Gain probability vs. loss probability	1.26	1.14	+0.13
Calmar ratio: Return relative to maximum drawdown	1.78	0.88	+0.90
Martin ratio: Return relative to average drawdown	6.57	2.91	+3.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASRD.DE vs. LCEU.DE - Sharpe Ratio Comparison

The current ASRD.DE Sharpe Ratio is 1.43, which is higher than the LCEU.DE Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of ASRD.DE and LCEU.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ASRD.DE	LCEU.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	0.71	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.73	-0.73

Drawdowns

ASRD.DE vs. LCEU.DE - Drawdown Comparison

The maximum ASRD.DE drawdown since its inception was -29.54%, which is greater than LCEU.DE's maximum drawdown of -16.38%. Use the drawdown chart below to compare losses from any high point for ASRD.DE and LCEU.DE.

Drawdown Indicators

	ASRD.DE	LCEU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-29.54%	-16.38%	-13.16%
Max Drawdown (1Y) Largest decline over 1 year	-4.77%	-10.37%	+5.60%
Max Drawdown (3Y) Largest decline over 3 years	-8.03%	-16.38%	+8.35%
Max Drawdown (5Y) Largest decline over 5 years	-29.54%	—	—
Current Drawdown Current decline from peak	-4.16%	-1.59%	-2.57%
Average Drawdown Average peak-to-trough decline	-13.13%	-2.92%	-10.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.30%	3.13%	-1.83%

Volatility

ASRD.DE vs. LCEU.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 BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF (LCEU.DE) has a volatility of 4.11%. This indicates that ASRD.DE experiences smaller price fluctuations and is considered to be less risky than LCEU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASRD.DE	LCEU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.86%	4.11%	-2.25%
Volatility (6M) Calculated over the trailing 6-month period	4.97%	10.36%	-5.39%
Volatility (1Y) Calculated over the trailing 1-year period	5.97%	12.77%	-6.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.06%	13.14%	-4.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.96%	13.14%	-4.18%

ASRD.DE vs. LCEU.DE - Expense Ratio Comparison

ASRD.DE has a 0.25% expense ratio, which is lower than LCEU.DE's 0.30% expense ratio.

Dividends

ASRD.DE vs. LCEU.DE - Dividend Comparison

Neither ASRD.DE nor LCEU.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ASRD.DE and LCEU.DE in my portfolio?

ASRD.DE and LCEU.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASRD.DE or LCEU.DE?

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.

Which ETF is cheaper, ASRD.DE or LCEU.DE?

ASRD.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for LCEU.DE.

What is the main difference between ASRD.DE and LCEU.DE?

ASRD.DE is categorized as Emerging Markets Bonds, while LCEU.DE is Europe Equities. ASRD.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged), while LCEU.DE tracks Low Carbon 100 Europe PAB. Their fees differ too: 0.25% for ASRD.DE and 0.30% for LCEU.DE.