ASRE.DE vs. X03B.DE
ASRE.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF) and X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - ASRE.DE tracks the J.P. Morgan ESG EMU Government Bond IG 3-5 Year while X03B.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 5 years, ASRE.DE returned -0.36%/yr vs 0.68%/yr for X03B.DE. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
ASRE.DE vs. X03B.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 X03B.DE's 0.05% 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*
- —
X03B.DE
- 1D
- 0.04%
- 1M
- 0.27%
- YTD
- 0.05%
- 6M
- 0.17%
- 1Y
- 0.81%
- 3Y*
- 2.63%
- 5Y*
- 0.68%
- 10Y*
- 0.23%
ASRE.DE vs. X03B.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% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.05% | 2.25% | 3.05% | 3.35% | -4.64% | -0.56% |
Correlation
The correlation between ASRE.DE and X03B.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 | 0.93 |
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 | 0.93 |
The correlation between ASRE.DE and X03B.DE has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
ASRE.DE vs. X03B.DE — Risk / Return Rank
ASRE.DE
X03B.DE
ASRE.DE vs. X03B.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 Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.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 | X03B.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.13 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 0.63 | -0.49 |
| Martin ratioReturn relative to average drawdown | 0.41 | 2.04 | -1.63 |
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 | X03B.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.62 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.41 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.57 | -0.67 |
Drawdowns
ASRE.DE vs. X03B.DE - Drawdown Comparison
The maximum ASRE.DE drawdown since its inception was -12.01%, which is greater than X03B.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for ASRE.DE and X03B.DE.
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Drawdown Indicators
| ASRE.DE | X03B.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.01% | -6.78% | -5.23% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -1.28% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -2.40% | -1.28% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -12.01% | -5.67% | -6.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.78% | — |
Current DrawdownCurrent decline from peak | -2.42% | -0.51% | -1.91% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -1.19% | -4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.40% | +0.45% |
Volatility
ASRE.DE vs. X03B.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 Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) at 0.50%. This indicates that ASRE.DE's price experiences larger fluctuations and is considered to be riskier than X03B.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 | X03B.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 0.50% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 1.20% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.57% | 1.30% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 1.63% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 1.32% | +2.20% |
ASRE.DE vs. X03B.DE - Expense Ratio Comparison
Both ASRE.DE and X03B.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. X03B.DE - Dividend Comparison
ASRE.DE has not paid dividends to shareholders, while X03B.DE's dividend yield for the trailing twelve months is around 1.53%.
| 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% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 1.53% | 1.39% | 0.98% | 0.28% | 0.12% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.66% |
Frequently Asked Questions
With a correlation of 0.90, ASRE.DE and X03B.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 X03B.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 X03B.DE tracks iBoxx® EUR Eurozone 1-3. They also come from different issuers: BNP Paribas and Xtrackers.
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