ASRE.DE vs. IBCM.DE
ASRE.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF) and IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) are both European Government Bonds funds - ASRE.DE tracks the J.P. Morgan ESG EMU Government Bond IG 3-5 Year while IBCM.DE tracks the Bloomberg Euro Government Bond 10. Both are passively managed. Over the past 5 years, ASRE.DE returned -0.36%/yr vs -2.34%/yr for IBCM.DE. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
ASRE.DE vs. IBCM.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 IBCM.DE's 0.27% 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*
- —
IBCM.DE
- 1D
- 0.06%
- 1M
- 0.50%
- YTD
- 0.27%
- 6M
- -0.09%
- 1Y
- 0.13%
- 3Y*
- 2.61%
- 5Y*
- -2.34%
- 10Y*
- -0.17%
ASRE.DE vs. IBCM.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% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.27% | 1.53% | 0.84% | 8.74% | -19.91% | -1.48% |
Correlation
The correlation between ASRE.DE and IBCM.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.94 |
The correlation between ASRE.DE and IBCM.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
ASRE.DE vs. IBCM.DE — Risk / Return Rank
ASRE.DE
IBCM.DE
ASRE.DE vs. IBCM.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 7-10yr UCITS ETF EUR (Dist) (IBCM.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 | IBCM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.01 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 0.03 | +0.12 |
| Martin ratioReturn relative to average drawdown | 0.41 | 0.08 | +0.33 |
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 | IBCM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.03 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | -0.31 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.59 | -0.69 |
Drawdowns
ASRE.DE vs. IBCM.DE - Drawdown Comparison
The maximum ASRE.DE drawdown since its inception was -12.01%, smaller than the maximum IBCM.DE drawdown of -23.25%. Use the drawdown chart below to compare losses from any high point for ASRE.DE and IBCM.DE.
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Drawdown Indicators
| ASRE.DE | IBCM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.01% | -23.25% | +11.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -4.08% | +1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -2.40% | -4.53% | +2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -12.01% | -22.90% | +10.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.25% | — |
Current DrawdownCurrent decline from peak | -2.42% | -13.71% | +11.29% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -5.23% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.53% | -0.68% |
Volatility
ASRE.DE vs. IBCM.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 iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) has a volatility of 1.94%. This indicates that ASRE.DE experiences smaller price fluctuations and is considered to be less risky than IBCM.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 | IBCM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.94% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 4.20% | -1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.57% | 5.00% | -2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 7.39% | -3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 6.03% | -2.51% |
ASRE.DE vs. IBCM.DE - Expense Ratio Comparison
Both ASRE.DE and IBCM.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. IBCM.DE - Dividend Comparison
ASRE.DE has not paid dividends to shareholders, while IBCM.DE's dividend yield for the trailing twelve months is around 2.92%.
| 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% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.92% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
Frequently Asked Questions
With a correlation of 0.91, ASRE.DE and IBCM.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 IBCM.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 IBCM.DE tracks Bloomberg Euro Government Bond 10. They also come from different issuers: BNP Paribas and iShares.
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