ASRF.DE vs. ESEA.DE

Last updated Jun 5, 2026

ASRF.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc) and ESEA.DE (BNP Paribas Easy S&P 500 UCITS ETF) are both exchange-traded funds - ASRF.DE is a European High Yield Bonds fund tracking the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel, while ESEA.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, ASRF.DE returned 2.26%/yr vs 14.54%/yr for ESEA.DE. At a 0.40 correlation, their price movements are largely independent. ASRF.DE charges 0.25%/yr vs 0.15%/yr for ESEA.DE.

Performance

ASRF.DE vs. ESEA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc (ASRF.DE) and BNP Paribas Easy S&P 500 UCITS ETF (ESEA.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ASRF.DE is traded in EUR, while ESEA.DE is traded in USD. To make them comparable, the ESEA.DE values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ASRF.DE achieves a 0.70% return, which is significantly lower than ESEA.DE's 11.31% return.

ASRF.DE

• 1D: 0.10%
• 1M: 1.10%
• YTD: 0.70%
• 6M: 1.24%
• 1Y: 3.56%
• 3Y*: 6.65%
• 5Y*: 2.26%
• 10Y*: —

ESEA.DE

• 1D: -0.11%
• 1M: 5.20%
• YTD: 11.31%
• 6M: 11.29%
• 1Y: 25.47%
• 3Y*: 18.80%
• 5Y*: 14.54%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASRF.DE vs. ESEA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ASRF.DE BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc	0.70%	4.66%	6.57%	11.42%	-11.08%	1.06%
ESEA.DE BNP Paribas Easy S&P 500 UCITS ETF	11.31%	4.18%	32.44%	22.22%	-14.52%	24.31%

Correlation

The correlation between ASRF.DE and ESEA.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021	0.40

Return for Risk

ASRF.DE vs. ESEA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASRF.DE

ASRF.DE Risk / Return Rank: 27
ASRF.DE Sharpe Ratio Rank: 27
ASRF.DE Sortino Ratio Rank: 29
ASRF.DE Omega Ratio Rank: 27
ASRF.DE Calmar Ratio Rank: 24
ASRF.DE Martin Ratio Rank: 30

ESEA.DE

ESEA.DE Risk / Return Rank: 74
ESEA.DE Sharpe Ratio Rank: 73
ESEA.DE Sortino Ratio Rank: 78
ESEA.DE Omega Ratio Rank: 72
ESEA.DE Calmar Ratio Rank: 68
ESEA.DE Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASRF.DE vs. ESEA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc (ASRF.DE) and BNP Paribas Easy S&P 500 UCITS ETF (ESEA.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.

	ASRF.DE	ESEA.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.93	2.04	-1.11
Sortino ratio: Return per unit of downside risk	1.54	2.82	-1.27
Omega ratio: Gain probability vs. loss probability	1.18	1.38	-0.19
Calmar ratio: Return relative to maximum drawdown	1.09	3.53	-2.44
Martin ratio: Return relative to average drawdown	4.34	12.07	-7.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASRF.DE vs. ESEA.DE - Sharpe Ratio Comparison

The current ASRF.DE Sharpe Ratio is 0.93, which is lower than the ESEA.DE Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of ASRF.DE and ESEA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ASRF.DE	ESEA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	2.04	-1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.90	-0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.88	-0.43

Drawdowns

ASRF.DE vs. ESEA.DE - Drawdown Comparison

The maximum ASRF.DE drawdown since its inception was -16.76%, smaller than the maximum ESEA.DE drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for ASRF.DE and ESEA.DE.

Drawdown Indicators

	ASRF.DE	ESEA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.76%	-33.64%	+16.88%
Max Drawdown (1Y) Largest decline over 1 year	-3.25%	-7.19%	+3.94%
Max Drawdown (3Y) Largest decline over 3 years	-3.86%	-22.79%	+18.93%
Max Drawdown (5Y) Largest decline over 5 years	-16.76%	-22.79%	+6.03%
Current Drawdown Current decline from peak	-0.34%	-0.41%	+0.07%
Average Drawdown Average peak-to-trough decline	-4.24%	-4.87%	+0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	2.10%	-1.28%

Volatility

ASRF.DE vs. ESEA.DE - Volatility Comparison

The current volatility for BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc (ASRF.DE) is 1.05%, while BNP Paribas Easy S&P 500 UCITS ETF (ESEA.DE) has a volatility of 3.03%. This indicates that ASRF.DE experiences smaller price fluctuations and is considered to be less risky than ESEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASRF.DE	ESEA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	3.03%	-1.98%
Volatility (6M) Calculated over the trailing 6-month period	3.20%	8.65%	-5.45%
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	12.45%	-8.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.85%	15.91%	-10.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.83%	17.81%	-11.98%

ASRF.DE vs. ESEA.DE - Expense Ratio Comparison

ASRF.DE has a 0.25% expense ratio, which is higher than ESEA.DE's 0.15% 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

ASRF.DE vs. ESEA.DE - Dividend Comparison

ASRF.DE has not paid dividends to shareholders, while ESEA.DE's dividend yield for the trailing twelve months is around 1.06%.

Position	TTM	2025	2024	2023	2022	2021	2020
ASRF.DE BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ESEA.DE BNP Paribas Easy S&P 500 UCITS ETF	1.06%	0.76%	0.65%	0.00%	1.08%	0.64%	0.67%

Frequently Asked Questions

Can I hold both ASRF.DE and ESEA.DE in my portfolio?

ASRF.DE and ESEA.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASRF.DE or ESEA.DE?

On fees, ESEA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASRF.DE or ESEA.DE?

ESEA.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for ASRF.DE.

What is the main difference between ASRF.DE and ESEA.DE?

ASRF.DE is categorized as European High Yield Bonds, while ESEA.DE is S&P 500. ASRF.DE tracks Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel, while ESEA.DE tracks S&P 500 Index. Their fees differ too: 0.25% for ASRF.DE and 0.15% for ESEA.DE.