ASRE.DE vs. EMWE.DE
ASRE.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF) and EMWE.DE (BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) 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 EMWE.DE is a Global Equities fund tracking the MSCI World SRI S-Series PAB 5% Capped. Both are passively managed. Over the past 5 years, ASRE.DE returned -0.36%/yr vs 8.57%/yr for EMWE.DE. At a 0.13 correlation, their price movements are largely independent. ASRE.DE charges 0.15%/yr vs 0.25%/yr for EMWE.DE.
Performance
ASRE.DE vs. EMWE.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 EMWE.DE's 9.24% 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*
- —
EMWE.DE
- 1D
- 0.48%
- 1M
- 5.73%
- YTD
- 9.24%
- 6M
- 10.02%
- 1Y
- 14.00%
- 3Y*
- 10.15%
- 5Y*
- 8.57%
- 10Y*
- —
ASRE.DE vs. EMWE.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% |
EMWE.DE BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc | 9.24% | 0.19% | 15.43% | 14.90% | -16.11% | 33.03% |
Correlation
The correlation between ASRE.DE and EMWE.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 | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.13 |
The correlation between ASRE.DE and EMWE.DE shifts across timeframes, from 0.13 (5 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ASRE.DE vs. EMWE.DE — Risk / Return Rank
ASRE.DE
EMWE.DE
ASRE.DE vs. EMWE.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 Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (EMWE.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 | EMWE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.22 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 1.69 | -1.54 |
| Martin ratioReturn relative to average drawdown | 0.41 | 6.10 | -5.69 |
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 | EMWE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 1.19 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.59 | -0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.70 | -0.80 |
Drawdowns
ASRE.DE vs. EMWE.DE - Drawdown Comparison
The maximum ASRE.DE drawdown since its inception was -12.01%, smaller than the maximum EMWE.DE drawdown of -31.05%. Use the drawdown chart below to compare losses from any high point for ASRE.DE and EMWE.DE.
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Drawdown Indicators
| ASRE.DE | EMWE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.01% | -31.05% | +19.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -8.26% | +5.86% |
Max Drawdown (3Y)Largest decline over 3 years | -2.40% | -20.00% | +17.60% |
Max Drawdown (5Y)Largest decline over 5 years | -12.01% | -20.79% | +8.78% |
Current DrawdownCurrent decline from peak | -2.42% | 0.00% | -2.42% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -5.28% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 2.29% | -1.44% |
Volatility
ASRE.DE vs. EMWE.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 Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (EMWE.DE) has a volatility of 2.93%. This indicates that ASRE.DE experiences smaller price fluctuations and is considered to be less risky than EMWE.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 | EMWE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 2.93% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 8.57% | -6.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.57% | 11.74% | -9.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 14.46% | -10.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 15.52% | -12.00% |
ASRE.DE vs. EMWE.DE - Expense Ratio Comparison
ASRE.DE has a 0.15% expense ratio, which is lower than EMWE.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ASRE.DE vs. EMWE.DE - Dividend Comparison
Neither ASRE.DE nor EMWE.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRE.DE and EMWE.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, 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 0.25% for EMWE.DE.
ASRE.DE is categorized as European Government Bonds, while EMWE.DE is Global Equities. ASRE.DE tracks J.P. Morgan ESG EMU Government Bond IG 3-5 Year, while EMWE.DE tracks MSCI World SRI S-Series PAB 5% Capped. Their fees differ too: 0.15% for ASRE.DE and 0.25% for EMWE.DE.
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