ASRE.DE vs. DBXP.DE
ASRE.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF) and DBXP.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - ASRE.DE tracks the J.P. Morgan ESG EMU Government Bond IG 3-5 Year while DBXP.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 5 years, ASRE.DE returned -0.36%/yr vs 0.67%/yr for DBXP.DE. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
ASRE.DE vs. DBXP.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 DBXP.DE's 0.04% 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*
- —
DBXP.DE
- 1D
- 0.04%
- 1M
- 0.20%
- YTD
- 0.04%
- 6M
- 0.12%
- 1Y
- 0.80%
- 3Y*
- 2.61%
- 5Y*
- 0.67%
- 10Y*
- 0.22%
ASRE.DE vs. DBXP.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% |
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.04% | 2.21% | 2.99% | 3.41% | -4.59% | -0.59% |
Correlation
The correlation between ASRE.DE and DBXP.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.90 |
The correlation between ASRE.DE and DBXP.DE has been stable across timeframes, ranging from 0.81 to 0.91 - a consistent structural relationship.
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Return for Risk
ASRE.DE vs. DBXP.DE — Risk / Return Rank
ASRE.DE
DBXP.DE
ASRE.DE vs. DBXP.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 Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.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 | DBXP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.13 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 0.64 | -0.50 |
| Martin ratioReturn relative to average drawdown | 0.41 | 2.08 | -1.66 |
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 | DBXP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.65 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.40 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.56 | -0.66 |
Drawdowns
ASRE.DE vs. DBXP.DE - Drawdown Comparison
The maximum ASRE.DE drawdown since its inception was -12.01%, which is greater than DBXP.DE's maximum drawdown of -6.77%. Use the drawdown chart below to compare losses from any high point for ASRE.DE and DBXP.DE.
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Drawdown Indicators
| ASRE.DE | DBXP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.01% | -6.77% | -5.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -1.24% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -2.40% | -1.24% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -12.01% | -5.67% | -6.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.77% | — |
Current DrawdownCurrent decline from peak | -2.42% | -0.55% | -1.87% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -1.00% | -4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.39% | +0.46% |
Volatility
ASRE.DE vs. DBXP.DE - Volatility Comparison
BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.DE) has a higher volatility of 1.03% compared to Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) at 0.46%. This indicates that ASRE.DE's price experiences larger fluctuations and is considered to be riskier than DBXP.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 | DBXP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 0.46% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 1.11% | +1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.57% | 1.22% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 1.65% | +1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 1.80% | +1.72% |
ASRE.DE vs. DBXP.DE - Expense Ratio Comparison
Both ASRE.DE and DBXP.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ASRE.DE vs. DBXP.DE - Dividend Comparison
Neither ASRE.DE nor DBXP.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRE.DE and DBXP.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ASRE.DE and DBXP.DE have the same expense ratio: 0.15% per year.
ASRE.DE tracks J.P. Morgan ESG EMU Government Bond IG 3-5 Year, while DBXP.DE tracks iBoxx® EUR Eurozone 1-3. They also come from different issuers: BNP Paribas and Xtrackers.
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