ASRE.DE vs. VGEA.DE
ASRE.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF) and VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both European Government Bonds funds - ASRE.DE tracks the J.P. Morgan ESG EMU Government Bond IG 3-5 Year while VGEA.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, ASRE.DE returned -0.36%/yr vs -2.24%/yr for VGEA.DE. Their correlation of 0.92 suggests significant overlap in exposure. ASRE.DE charges 0.15%/yr vs 0.07%/yr for VGEA.DE.
Performance
ASRE.DE vs. VGEA.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 VGEA.DE's 0.11% 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*
- —
VGEA.DE
- 1D
- 0.06%
- 1M
- 0.60%
- YTD
- 0.11%
- 6M
- 0.00%
- 1Y
- -0.05%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
ASRE.DE vs. VGEA.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% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -1.21% |
Correlation
The correlation between ASRE.DE and VGEA.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.92 |
The correlation between ASRE.DE and VGEA.DE has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
ASRE.DE vs. VGEA.DE — Risk / Return Rank
ASRE.DE
VGEA.DE
ASRE.DE vs. VGEA.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 Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.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 | VGEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.00 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | -0.01 | +0.16 |
| Martin ratioReturn relative to average drawdown | 0.41 | -0.04 | +0.45 |
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 | VGEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | -0.01 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | -0.35 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | -0.10 | -0.01 |
Drawdowns
ASRE.DE vs. VGEA.DE - Drawdown Comparison
The maximum ASRE.DE drawdown since its inception was -12.01%, smaller than the maximum VGEA.DE drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for ASRE.DE and VGEA.DE.
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Drawdown Indicators
| ASRE.DE | VGEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.01% | -22.34% | +10.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -3.44% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -2.40% | -4.00% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -12.01% | -21.47% | +9.46% |
Current DrawdownCurrent decline from peak | -2.42% | -13.91% | +11.49% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -10.30% | +5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.33% | -0.48% |
Volatility
ASRE.DE vs. VGEA.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 Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) has a volatility of 1.67%. This indicates that ASRE.DE experiences smaller price fluctuations and is considered to be less risky than VGEA.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 | VGEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.67% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 3.62% | -1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.57% | 4.33% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 6.39% | -2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 5.86% | -2.34% |
ASRE.DE vs. VGEA.DE - Expense Ratio Comparison
ASRE.DE has a 0.15% expense ratio, which is higher than VGEA.DE's 0.07% expense ratio. However, 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. VGEA.DE - Dividend Comparison
Neither ASRE.DE nor VGEA.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRE.DE and VGEA.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for ASRE.DE.
ASRE.DE tracks J.P. Morgan ESG EMU Government Bond IG 3-5 Year, while VGEA.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: BNP Paribas and Vanguard. Their fees differ too: 0.15% for ASRE.DE and 0.07% for VGEA.DE.
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