ASRE.DE vs. IBCA.DE
ASRE.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF) and IBCA.DE (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) are both European Government Bonds funds - ASRE.DE tracks the J.P. Morgan ESG EMU Government Bond IG 3-5 Year while IBCA.DE tracks the Bloomberg Euro Government Bond 1-3. Both are passively managed. Over the past 5 years, ASRE.DE returned -0.36%/yr vs 0.81%/yr for IBCA.DE. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
ASRE.DE vs. IBCA.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 IBCA.DE's 0.16% 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*
- —
IBCA.DE
- 1D
- 0.06%
- 1M
- 0.22%
- YTD
- 0.16%
- 6M
- 0.27%
- 1Y
- 0.96%
- 3Y*
- 2.71%
- 5Y*
- 0.81%
- 10Y*
- 0.36%
ASRE.DE vs. IBCA.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% |
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 0.16% | 2.31% | 3.05% | 3.50% | -4.26% | -0.59% |
Correlation
The correlation between ASRE.DE and IBCA.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
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 | 0.91 |
The correlation between ASRE.DE and IBCA.DE shifts across timeframes, from 0.80 (1 year) to 0.91 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ASRE.DE vs. IBCA.DE — Risk / Return Rank
ASRE.DE
IBCA.DE
ASRE.DE vs. IBCA.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 iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.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 | IBCA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.15 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 0.84 | -0.69 |
| 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 | IBCA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.71 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.52 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.25 | -0.35 |
Drawdowns
ASRE.DE vs. IBCA.DE - Drawdown Comparison
The maximum ASRE.DE drawdown since its inception was -12.01%, which is greater than IBCA.DE's maximum drawdown of -8.31%. Use the drawdown chart below to compare losses from any high point for ASRE.DE and IBCA.DE.
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Drawdown Indicators
| ASRE.DE | IBCA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.01% | -8.31% | -3.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -1.14% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -2.40% | -1.14% | -1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -12.01% | -5.21% | -6.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.31% | — |
Current DrawdownCurrent decline from peak | -2.42% | -0.45% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -1.03% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.36% | +0.49% |
Volatility
ASRE.DE vs. IBCA.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 iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.DE) at 0.64%. This indicates that ASRE.DE's price experiences larger fluctuations and is considered to be riskier than IBCA.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 | IBCA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 0.64% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 1.27% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.57% | 1.36% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 1.55% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 3.81% | -0.29% |
ASRE.DE vs. IBCA.DE - Expense Ratio Comparison
Both ASRE.DE and IBCA.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. IBCA.DE - Dividend Comparison
ASRE.DE has not paid dividends to shareholders, while IBCA.DE's dividend yield for the trailing twelve months is around 2.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASRE.DE BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 2.18% | 2.45% | 2.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.29% |
Frequently Asked Questions
ASRE.DE and IBCA.DE have a correlation of 0.80, 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 IBCA.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 IBCA.DE tracks Bloomberg Euro Government Bond 1-3. They also come from different issuers: BNP Paribas and iShares.
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