ASRE.DE vs. ESAD.DE
ASRE.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF) and ESAD.DE (BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation) 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 ESAD.DE is a REIT fund tracking the FTSE EPRA Nareit Developed Green EU CTB. Both are passively managed. Over the past 3 years, ASRE.DE returned 2.70%/yr vs 4.85%/yr for ESAD.DE. At a 0.28 correlation, their price movements are largely independent. ASRE.DE charges 0.15%/yr vs 0.41%/yr for ESAD.DE.
Performance
ASRE.DE vs. ESAD.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 ESAD.DE's 7.67% 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*
- —
ESAD.DE
- 1D
- 0.00%
- 1M
- -0.65%
- YTD
- 7.67%
- 6M
- 6.84%
- 1Y
- 7.43%
- 3Y*
- 4.85%
- 5Y*
- —
- 10Y*
- —
ASRE.DE vs. ESAD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ASRE.DE BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF | -0.12% | 2.42% | 2.13% | 5.11% | -8.07% |
ESAD.DE BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation | 7.67% | -3.81% | 3.54% | 7.64% | -19.66% |
Correlation
The correlation between ASRE.DE and ESAD.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.28 |
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Return for Risk
ASRE.DE vs. ESAD.DE — Risk / Return Rank
ASRE.DE
ESAD.DE
ASRE.DE vs. ESAD.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 FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.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 | ESAD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.12 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 0.90 | -0.75 |
| Martin ratioReturn relative to average drawdown | 0.41 | 2.70 | -2.29 |
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 | ESAD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.63 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | -0.12 | +0.02 |
Drawdowns
ASRE.DE vs. ESAD.DE - Drawdown Comparison
The maximum ASRE.DE drawdown since its inception was -12.01%, smaller than the maximum ESAD.DE drawdown of -30.37%. Use the drawdown chart below to compare losses from any high point for ASRE.DE and ESAD.DE.
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Drawdown Indicators
| ASRE.DE | ESAD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.01% | -30.37% | +18.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -8.26% | +5.86% |
Max Drawdown (3Y)Largest decline over 3 years | -2.40% | -17.22% | +14.82% |
Max Drawdown (5Y)Largest decline over 5 years | -12.01% | — | — |
Current DrawdownCurrent decline from peak | -2.42% | -11.52% | +9.10% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -17.56% | +12.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 2.75% | -1.90% |
Volatility
ASRE.DE vs. ESAD.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 FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.DE) has a volatility of 2.98%. This indicates that ASRE.DE experiences smaller price fluctuations and is considered to be less risky than ESAD.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 | ESAD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 2.98% | -1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 9.07% | -6.79% |
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% | 14.78% | -11.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 14.78% | -11.26% |
ASRE.DE vs. ESAD.DE - Expense Ratio Comparison
ASRE.DE has a 0.15% expense ratio, which is lower than ESAD.DE's 0.41% expense ratio.
Dividends
ASRE.DE vs. ESAD.DE - Dividend Comparison
Neither ASRE.DE nor ESAD.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRE.DE and ESAD.DE have a correlation of 0.35, 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 0.41% for ESAD.DE.
ASRE.DE is categorized as European Government Bonds, while ESAD.DE is REIT. ASRE.DE tracks J.P. Morgan ESG EMU Government Bond IG 3-5 Year, while ESAD.DE tracks FTSE EPRA Nareit Developed Green EU CTB. Their fees differ too: 0.15% for ASRE.DE and 0.41% for ESAD.DE.
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