ASRG.DE vs. VLEU.DE

Last updated Jun 5, 2026

ASRG.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis) and VLEU.DE (BNP Paribas Easy ESG Low Volatility Europe UCITS ETF) are both exchange-traded funds - ASRG.DE is a European High Yield Bonds fund tracking the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel, while VLEU.DE is a Europe Equities fund tracking the BNP Paribas Low Vol Europe ESG. Both are passively managed. Over the past 5 years, ASRG.DE returned 2.27%/yr vs 7.63%/yr for VLEU.DE. At a 0.45 correlation, their price movements are largely independent. ASRG.DE charges 0.25%/yr vs 0.30%/yr for VLEU.DE.

Performance

ASRG.DE vs. VLEU.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 Dis (ASRG.DE) and BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLEU.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASRG.DE achieves a 0.92% return, which is significantly lower than VLEU.DE's 4.90% return.

ASRG.DE

• 1D: 0.16%
• 1M: 0.58%
• YTD: 0.92%
• 6M: 1.45%
• 1Y: 3.89%
• 3Y*: 6.79%
• 5Y*: 2.27%
• 10Y*: —

VLEU.DE

• 1D: 0.81%
• 1M: -0.77%
• YTD: 4.90%
• 6M: 6.98%
• 1Y: 6.40%
• 3Y*: 10.05%
• 5Y*: 7.63%
• 10Y*: —

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

ASRG.DE vs. VLEU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ASRG.DE BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis	0.92%	5.01%	6.41%	11.23%	-11.07%	1.62%
VLEU.DE BNP Paribas Easy ESG Low Volatility Europe UCITS ETF	4.90%	12.78%	10.91%	11.65%	-13.54%	22.19%

Correlation

The correlation between ASRG.DE and VLEU.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021	0.45

Return for Risk

ASRG.DE vs. VLEU.DE — Risk / Return Rank

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

ASRG.DE

ASRG.DE Risk / Return Rank: 26
ASRG.DE Sharpe Ratio Rank: 25
ASRG.DE Sortino Ratio Rank: 25
ASRG.DE Omega Ratio Rank: 23
ASRG.DE Calmar Ratio Rank: 24
ASRG.DE Martin Ratio Rank: 30

VLEU.DE

VLEU.DE Risk / Return Rank: 18
VLEU.DE Sharpe Ratio Rank: 18
VLEU.DE Sortino Ratio Rank: 18
VLEU.DE Omega Ratio Rank: 18
VLEU.DE Calmar Ratio Rank: 17
VLEU.DE Martin Ratio Rank: 18

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.

ASRG.DE vs. VLEU.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 Dis (ASRG.DE) and BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLEU.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.

	ASRG.DE	VLEU.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.86	0.55	+0.31
Sortino ratio: Return per unit of downside risk	1.34	0.84	+0.49
Omega ratio: Gain probability vs. loss probability	1.15	1.11	+0.05
Calmar ratio: Return relative to maximum drawdown	1.08	0.62	+0.45
Martin ratio: Return relative to average drawdown	4.36	1.83	+2.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASRG.DE vs. VLEU.DE - Sharpe Ratio Comparison

The current ASRG.DE Sharpe Ratio is 0.86, which is higher than the VLEU.DE Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of ASRG.DE and VLEU.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

	ASRG.DE	VLEU.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	0.55	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.69	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.76	-0.31

Drawdowns

ASRG.DE vs. VLEU.DE - Drawdown Comparison

The maximum ASRG.DE drawdown since its inception was -16.66%, smaller than the maximum VLEU.DE drawdown of -32.22%. Use the drawdown chart below to compare losses from any high point for ASRG.DE and VLEU.DE.

Drawdown Indicators

	ASRG.DE	VLEU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.66%	-32.22%	+15.56%
Max Drawdown (1Y) Largest decline over 1 year	-3.30%	-10.14%	+6.84%
Max Drawdown (3Y) Largest decline over 3 years	-3.91%	-12.56%	+8.65%
Max Drawdown (5Y) Largest decline over 5 years	-16.66%	-19.89%	+3.23%
Current Drawdown Current decline from peak	-0.05%	-4.49%	+4.44%
Average Drawdown Average peak-to-trough decline	-3.97%	-5.37%	+1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	3.46%	-2.64%

Volatility

ASRG.DE vs. VLEU.DE - Volatility Comparison

The current volatility for BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis (ASRG.DE) is 1.02%, while BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLEU.DE) has a volatility of 3.76%. This indicates that ASRG.DE experiences smaller price fluctuations and is considered to be less risky than VLEU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASRG.DE	VLEU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.02%	3.76%	-2.74%
Volatility (6M) Calculated over the trailing 6-month period	3.35%	9.58%	-6.23%
Volatility (1Y) Calculated over the trailing 1-year period	4.15%	11.54%	-7.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.52%	14.47%	-8.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.44%	16.57%	-11.13%

ASRG.DE vs. VLEU.DE - Expense Ratio Comparison

ASRG.DE has a 0.25% expense ratio, which is lower than VLEU.DE's 0.30% expense ratio.

Dividends

ASRG.DE vs. VLEU.DE - Dividend Comparison

ASRG.DE's dividend yield for the trailing twelve months is around 3.95%, while VLEU.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
ASRG.DE BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis	3.95%	4.69%	5.97%	2.99%	3.91%
VLEU.DE BNP Paribas Easy ESG Low Volatility Europe UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASRG.DE and VLEU.DE in my portfolio?

ASRG.DE and VLEU.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASRG.DE or VLEU.DE?

On fees, ASRG.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASRG.DE or VLEU.DE?

ASRG.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for VLEU.DE.

What is the main difference between ASRG.DE and VLEU.DE?

ASRG.DE is categorized as European High Yield Bonds, while VLEU.DE is Europe Equities. ASRG.DE tracks Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel, while VLEU.DE tracks BNP Paribas Low Vol Europe ESG. Their fees differ too: 0.25% for ASRG.DE and 0.30% for VLEU.DE.