ASRI.DE vs. ECMA.DE
ASRI.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Acc) and ECMA.DE (Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc) are both European Corporate Bonds funds - ASRI.DE tracks the Bloomberg MSCI Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB while ECMA.DE tracks the Invesco EUR Corporate Bond ESG Multi-Factor. Both are passively managed. Over the past 3 years, ASRI.DE returned 4.37%/yr vs 4.37%/yr for ECMA.DE. Their correlation of 0.87 suggests significant overlap in exposure. ASRI.DE charges 0.20%/yr vs 0.19%/yr for ECMA.DE.
Performance
ASRI.DE vs. ECMA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASRI.DE achieves a 0.38% return, which is significantly lower than ECMA.DE's 0.46% return.
ASRI.DE
- 1D
- -0.09%
- 1M
- -0.65%
- 6M
- -0.19%
- YTD
- 0.38%
- 1Y
- 1.24%
- 3Y*
- 4.37%
- 5Y*
- -0.54%
- 10Y*
- —
ECMA.DE
- 1D
- 0.00%
- 1M
- -0.48%
- 6M
- -0.04%
- YTD
- 0.46%
- 1Y
- 1.27%
- 3Y*
- 4.37%
- 5Y*
- —
- 10Y*
- —
ASRI.DE vs. ECMA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ASRI.DE BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Acc | 0.38% | 2.91% | 4.04% | 7.84% | -0.97% |
ECMA.DE Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc | 0.46% | 2.90% | 4.30% | 7.06% | -0.85% |
Correlation
The correlation between ASRI.DE and ECMA.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.87 |
The correlation between ASRI.DE and ECMA.DE shifts across timeframes, from 0.82 (3 years) to 0.94 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ASRI.DE vs. ECMA.DE — Risk / Return Rank
ASRI.DE
ECMA.DE
ASRI.DE vs. ECMA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Acc (ASRI.DE) and Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASRI.DE | ECMA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.08 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 0.47 | -0.05 |
| Martin ratioReturn relative to average drawdown | 1.34 | 1.55 | -0.20 |
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Drawdowns
ASRI.DE vs. ECMA.DE - Drawdown Comparison
The maximum ASRI.DE drawdown since its inception was -19.07%, which is greater than ECMA.DE's maximum drawdown of -8.91%. Use the drawdown chart below to compare losses from any high point for ASRI.DE and ECMA.DE.
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Drawdown Indicators
| ASRI.DE | ECMA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.07% | -8.91% | -10.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.68% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -2.88% | -2.68% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -19.07% | — | — |
Current DrawdownCurrent decline from peak | -3.36% | -0.81% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -2.05% | -4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.82% | +0.10% |
Volatility
ASRI.DE vs. ECMA.DE - Volatility Comparison
BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Acc (ASRI.DE) has a higher volatility of 0.88% compared to Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.DE) at 0.80%. This indicates that ASRI.DE's price experiences larger fluctuations and is considered to be riskier than ECMA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASRI.DE | ECMA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.80% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 2.84% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 3.17% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.14% | 4.15% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 4.15% | +1.30% |
ASRI.DE vs. ECMA.DE - Expense Ratio Comparison
ASRI.DE has a 0.20% expense ratio, which is higher than ECMA.DE's 0.19% 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
ASRI.DE vs. ECMA.DE - Dividend Comparison
Neither ASRI.DE nor ECMA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, ASRI.DE and ECMA.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.
On fees, ECMA.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECMA.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for ASRI.DE.
ASRI.DE tracks Bloomberg MSCI Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB, while ECMA.DE tracks Invesco EUR Corporate Bond ESG Multi-Factor. They also come from different issuers: BNP Paribas and Invesco. Their fees differ too: 0.20% for ASRI.DE and 0.19% for ECMA.DE.
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