ASRE.DE vs. BNQL.DE
ASRE.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF) and BNQL.DE (BNP Paribas Palladium 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 BNQL.DE is a Precious Metals fund tracking the Palladium Spot Price. Both are passively managed. Over the past 5 years, ASRE.DE returned -0.36%/yr vs -14.19%/yr for BNQL.DE. At a 0.12 correlation, their price movements are largely independent. ASRE.DE charges 0.15%/yr vs 0.99%/yr for BNQL.DE.
Performance
ASRE.DE vs. BNQL.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 higher than BNQL.DE's -17.76% 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*
- —
BNQL.DE
- 1D
- -1.06%
- 1M
- -11.56%
- YTD
- -17.76%
- 6M
- -8.41%
- 1Y
- 29.07%
- 3Y*
- -5.67%
- 5Y*
- -14.19%
- 10Y*
- —
ASRE.DE vs. BNQL.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% |
BNQL.DE BNP Paribas Palladium ETC | -17.76% | 58.42% | -16.10% | -40.26% | -4.34% | -10.50% |
Correlation
The correlation between ASRE.DE and BNQL.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.12 |
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Return for Risk
ASRE.DE vs. BNQL.DE — Risk / Return Rank
ASRE.DE
BNQL.DE
ASRE.DE vs. BNQL.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 BNP Paribas Palladium ETC (BNQL.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 | BNQL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.14 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 0.78 | -0.63 |
| Martin ratioReturn relative to average drawdown | 0.41 | 1.68 | -1.26 |
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 | BNQL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.63 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | -0.31 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.11 | -0.21 |
Drawdowns
ASRE.DE vs. BNQL.DE - Drawdown Comparison
The maximum ASRE.DE drawdown since its inception was -12.01%, smaller than the maximum BNQL.DE drawdown of -73.80%. Use the drawdown chart below to compare losses from any high point for ASRE.DE and BNQL.DE.
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Drawdown Indicators
| ASRE.DE | BNQL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.01% | -73.80% | +61.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -37.28% | +34.88% |
Max Drawdown (3Y)Largest decline over 3 years | -2.40% | -43.58% | +41.18% |
Max Drawdown (5Y)Largest decline over 5 years | -12.01% | -73.80% | +61.79% |
Current DrawdownCurrent decline from peak | -2.42% | -61.09% | +58.67% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -32.15% | +26.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 17.30% | -16.45% |
Volatility
ASRE.DE vs. BNQL.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 BNP Paribas Palladium ETC (BNQL.DE) has a volatility of 10.31%. This indicates that ASRE.DE experiences smaller price fluctuations and is considered to be less risky than BNQL.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 | BNQL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 10.31% | -9.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 37.75% | -35.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.57% | 45.71% | -43.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 45.30% | -41.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 40.77% | -37.25% |
ASRE.DE vs. BNQL.DE - Expense Ratio Comparison
ASRE.DE has a 0.15% expense ratio, which is lower than BNQL.DE's 0.99% expense ratio.
Dividends
ASRE.DE vs. BNQL.DE - Dividend Comparison
Neither ASRE.DE nor BNQL.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRE.DE and BNQL.DE have a correlation of 0.16, 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 0.99% for BNQL.DE.
ASRE.DE is categorized as European Government Bonds, while BNQL.DE is Precious Metals. ASRE.DE tracks J.P. Morgan ESG EMU Government Bond IG 3-5 Year, while BNQL.DE tracks Palladium Spot Price. Their fees differ too: 0.15% for ASRE.DE and 0.99% for BNQL.DE.
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