ASRE.DE vs. 0GZB.DE
ASRE.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF) and 0GZB.DE (BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC) are both exchange-traded funds - ASRE.DE is a European Government Bonds fund tracking the J.P. Morgan ESG EMU Government Bond IG 3-5 Year, while 0GZB.DE is a Metals fund tracking the RICI Enhanced Copper (EUR Hedged). Both are passively managed. Over the past 5 years, ASRE.DE returned -0.36%/yr vs 6.77%/yr for 0GZB.DE. At a 0.05 correlation, their price movements are largely independent. ASRE.DE charges 0.15%/yr vs 1.20%/yr for 0GZB.DE.
Performance
ASRE.DE vs. 0GZB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASRE.DE achieves a -0.12% return, which is significantly lower than 0GZB.DE's 10.76% return.
ASRE.DE
- 1D
- 0.06%
- 1M
- 0.36%
- YTD
- -0.12%
- 6M
- -0.11%
- 1Y
- 0.35%
- 3Y*
- 2.70%
- 5Y*
- -0.36%
- 10Y*
- —
0GZB.DE
- 1D
- 0.84%
- 1M
- 5.18%
- YTD
- 10.76%
- 6M
- 22.41%
- 1Y
- 42.38%
- 3Y*
- 18.68%
- 5Y*
- 6.77%
- 10Y*
- —
ASRE.DE vs. 0GZB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ASRE.DE BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF | -0.12% | 2.42% | 2.13% | 5.11% | -9.94% | -0.79% |
0GZB.DE BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC | 10.76% | 33.47% | 8.38% | 3.72% | -11.58% | 3.72% |
Correlation
The correlation between ASRE.DE and 0GZB.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.05 |
The correlation between ASRE.DE and 0GZB.DE shifts across timeframes, from 0.05 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ASRE.DE vs. 0GZB.DE — Risk / Return Rank
ASRE.DE
0GZB.DE
ASRE.DE vs. 0GZB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.DE) and BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.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.
| ASRE.DE | 0GZB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.37 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 3.60 | -3.46 |
| Martin ratioReturn relative to average drawdown | 0.41 | 12.08 | -11.67 |
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
| ASRE.DE | 0GZB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 2.10 | -1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.33 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.63 | -0.73 |
Drawdowns
ASRE.DE vs. 0GZB.DE - Drawdown Comparison
The maximum ASRE.DE drawdown since its inception was -12.01%, smaller than the maximum 0GZB.DE drawdown of -31.84%. Use the drawdown chart below to compare losses from any high point for ASRE.DE and 0GZB.DE.
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Drawdown Indicators
| ASRE.DE | 0GZB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.01% | -31.84% | +19.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -11.71% | +9.31% |
Max Drawdown (3Y)Largest decline over 3 years | -2.40% | -17.85% | +15.45% |
Max Drawdown (5Y)Largest decline over 5 years | -12.01% | -31.84% | +19.83% |
Current DrawdownCurrent decline from peak | -2.42% | -2.20% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -10.14% | +4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 3.50% | -2.65% |
Volatility
ASRE.DE vs. 0GZB.DE - Volatility Comparison
The current volatility for BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.DE) is 1.03%, while BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.DE) has a volatility of 6.38%. This indicates that ASRE.DE experiences smaller price fluctuations and is considered to be less risky than 0GZB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASRE.DE | 0GZB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 6.38% | -5.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 16.81% | -14.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.57% | 20.06% | -17.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 20.55% | -16.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 20.49% | -16.97% |
ASRE.DE vs. 0GZB.DE - Expense Ratio Comparison
ASRE.DE has a 0.15% expense ratio, which is lower than 0GZB.DE's 1.20% expense ratio.
Dividends
ASRE.DE vs. 0GZB.DE - Dividend Comparison
Neither ASRE.DE nor 0GZB.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRE.DE and 0GZB.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRE.DE is cheaper with a 0.15% expense ratio, compared with 1.20% for 0GZB.DE.
ASRE.DE is categorized as European Government Bonds, while 0GZB.DE is Metals. ASRE.DE tracks J.P. Morgan ESG EMU Government Bond IG 3-5 Year, while 0GZB.DE tracks RICI Enhanced Copper (EUR Hedged). Their fees differ too: 0.15% for ASRE.DE and 1.20% for 0GZB.DE.
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