ASRD.DE vs. SYBM.DE
ASRD.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged) and SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) are both Emerging Markets Bonds funds - ASRD.DE tracks the JP Morgan ESG EMBI Global Diversified (EUR Hedged) while SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond. Both are passively managed. Over the past 5 years, ASRD.DE returned -0.44%/yr vs 1.45%/yr for SYBM.DE. At a 0.28 correlation, their price movements are largely independent. ASRD.DE charges 0.25%/yr vs 0.55%/yr for SYBM.DE.
Performance
ASRD.DE vs. SYBM.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 SYBM.DE's 0.49% return.
ASRD.DE
- 1D
- 0.37%
- 1M
- 0.28%
- YTD
- 0.59%
- 6M
- 1.09%
- 1Y
- 8.78%
- 3Y*
- 6.91%
- 5Y*
- -0.44%
- 10Y*
- —
SYBM.DE
- 1D
- -0.05%
- 1M
- -0.24%
- YTD
- 0.49%
- 6M
- 0.42%
- 1Y
- 3.27%
- 3Y*
- 2.54%
- 5Y*
- 1.45%
- 10Y*
- 1.75%
ASRD.DE vs. SYBM.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% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 0.49% | 2.47% | 3.13% | 5.78% | -4.57% | 0.39% |
Correlation
The correlation between ASRD.DE and SYBM.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.28 |
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Return for Risk
ASRD.DE vs. SYBM.DE — Risk / Return Rank
ASRD.DE
SYBM.DE
ASRD.DE vs. SYBM.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 SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.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 | SYBM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.12 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 0.87 | +0.91 |
| Martin ratioReturn relative to average drawdown | 6.57 | 2.69 | +3.88 |
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 | SYBM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 0.67 | +0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.21 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.23 | -0.24 |
Drawdowns
ASRD.DE vs. SYBM.DE - Drawdown Comparison
The maximum ASRD.DE drawdown since its inception was -29.54%, which is greater than SYBM.DE's maximum drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for ASRD.DE and SYBM.DE.
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Drawdown Indicators
| ASRD.DE | SYBM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.54% | -19.16% | -10.38% |
Max Drawdown (1Y)Largest decline over 1 year | -4.77% | -3.90% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -7.62% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -29.54% | -8.64% | -20.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.36% | — |
Current DrawdownCurrent decline from peak | -4.16% | -3.09% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -13.13% | -7.10% | -6.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.26% | +0.04% |
Volatility
ASRD.DE vs. SYBM.DE - Volatility Comparison
BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged (ASRD.DE) has a higher volatility of 1.86% compared to SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) at 1.51%. This indicates that ASRD.DE's price experiences larger fluctuations and is considered to be riskier than SYBM.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 | SYBM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 1.51% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.97% | 4.22% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.97% | 5.07% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.06% | 6.94% | +2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.96% | 7.82% | +1.14% |
ASRD.DE vs. SYBM.DE - Expense Ratio Comparison
ASRD.DE has a 0.25% expense ratio, which is lower than SYBM.DE's 0.55% expense ratio.
Dividends
ASRD.DE vs. SYBM.DE - Dividend Comparison
ASRD.DE has not paid dividends to shareholders, while SYBM.DE's dividend yield for the trailing twelve months is around 5.07%.
| 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% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 5.07% | 5.01% | 4.77% | 4.21% | 4.29% | 3.89% | 4.12% | 4.34% | 4.13% | 5.01% | 4.30% | 5.26% |
Frequently Asked Questions
ASRD.DE and SYBM.DE have a correlation of 0.28, 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 0.55% for SYBM.DE.
ASRD.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged), while SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond. They also come from different issuers: BNP Paribas and State Street. Their fees differ too: 0.25% for ASRD.DE and 0.55% for SYBM.DE.
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