ASRI.DE vs. EL48.DE
ASRI.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Acc) and EL48.DE (Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF) are both European Corporate Bonds funds - ASRI.DE tracks the Bloomberg MSCI Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB while EL48.DE tracks the iBoxx® EUR Liquid Germany Covered Diversified. Both are passively managed. Over the past 5 years, ASRI.DE returned -0.54%/yr vs -1.40%/yr for EL48.DE. A 0.62 correlation means they provide meaningful diversification when combined. ASRI.DE charges 0.20%/yr vs 0.09%/yr for EL48.DE.
Performance
ASRI.DE vs. EL48.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 higher than EL48.DE's 0.06% 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*
- —
EL48.DE
- 1D
- 0.03%
- 1M
- -0.46%
- 6M
- -0.45%
- YTD
- 0.06%
- 1Y
- 0.55%
- 3Y*
- 3.11%
- 5Y*
- -1.40%
- 10Y*
- -0.51%
ASRI.DE vs. EL48.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ASRI.DE BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Acc | 0.38% | 2.91% | 4.04% | 7.84% | -15.08% | -1.28% | 2.53% | 6.80% |
EL48.DE Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF | 0.06% | 2.29% | 2.96% | 5.22% | -14.74% | -2.30% | 1.63% | 2.44% |
Correlation
The correlation between ASRI.DE and EL48.DE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019 | 0.62 |
The correlation between ASRI.DE and EL48.DE has been stable across timeframes, ranging from 0.62 to 0.72 - a consistent structural relationship.
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Return for Risk
ASRI.DE vs. EL48.DE — Risk / Return Rank
ASRI.DE
EL48.DE
ASRI.DE vs. EL48.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 Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF (EL48.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 | EL48.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.04 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 0.24 | +0.18 |
| Martin ratioReturn relative to average drawdown | 1.34 | 0.58 | +0.76 |
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Drawdowns
ASRI.DE vs. EL48.DE - Drawdown Comparison
The maximum ASRI.DE drawdown since its inception was -19.07%, roughly equal to the maximum EL48.DE drawdown of -18.24%. Use the drawdown chart below to compare losses from any high point for ASRI.DE and EL48.DE.
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Drawdown Indicators
| ASRI.DE | EL48.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.07% | -18.24% | -0.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.22% | -0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -2.88% | -2.22% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -19.07% | -17.05% | -2.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.24% | — |
Current DrawdownCurrent decline from peak | -3.36% | -8.60% | +5.24% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -4.26% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.93% | -0.01% |
Volatility
ASRI.DE vs. EL48.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 Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF (EL48.DE) at 0.75%. This indicates that ASRI.DE's price experiences larger fluctuations and is considered to be riskier than EL48.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 | EL48.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.75% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 2.17% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 2.50% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.14% | 4.16% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 3.23% | +2.22% |
ASRI.DE vs. EL48.DE - Expense Ratio Comparison
ASRI.DE has a 0.20% expense ratio, which is higher than EL48.DE's 0.09% 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. EL48.DE - Dividend Comparison
ASRI.DE has not paid dividends to shareholders, while EL48.DE's dividend yield for the trailing twelve months is around 2.27%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASRI.DE BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL48.DE Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF | 2.27% | 2.45% | 1.70% | 1.66% | 0.19% | 0.15% | 0.19% | 0.28% | 0.28% | 0.87% | 0.90% | 0.94% |
Frequently Asked Questions
ASRI.DE and EL48.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL48.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL48.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for ASRI.DE.
ASRI.DE tracks Bloomberg MSCI Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB, while EL48.DE tracks iBoxx® EUR Liquid Germany Covered Diversified. They also come from different issuers: BNP Paribas and Deka. Their fees differ too: 0.20% for ASRI.DE and 0.09% for EL48.DE.
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