ASRR.DE vs. CEMS.DE
ASRR.DE (BNP Paribas Easy MSCI Europe SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - ASRR.DE tracks the MSCI Europe SRI S-Series PAB 5% Capped while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 3 years, ASRR.DE returned 11.78%/yr vs 21.29%/yr for CEMS.DE. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
ASRR.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASRR.DE achieves a 11.11% return, which is significantly lower than CEMS.DE's 15.46% return.
ASRR.DE
- 1D
- -0.45%
- 1M
- 1.08%
- 6M
- 7.40%
- YTD
- 11.11%
- 1Y
- 15.65%
- 3Y*
- 11.78%
- 5Y*
- —
- 10Y*
- —
CEMS.DE
- 1D
- -0.43%
- 1M
- 0.51%
- 6M
- 12.44%
- YTD
- 15.46%
- 1Y
- 33.01%
- 3Y*
- 21.29%
- 5Y*
- 15.45%
- 10Y*
- 11.14%
ASRR.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ASRR.DE BNP Paribas Easy MSCI Europe SRI S-Series PAB 5% Capped UCITS ETF EUR Acc | 11.11% | 11.63% | 7.07% | 13.88% | -10.86% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 15.46% | 36.00% | 9.92% | 13.88% | -6.80% |
Correlation
The correlation between ASRR.DE and CEMS.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.82 |
The correlation between ASRR.DE and CEMS.DE has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
ASRR.DE vs. CEMS.DE — Risk / Return Rank
ASRR.DE
CEMS.DE
ASRR.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI Europe SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (ASRR.DE) and iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.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.
| ASRR.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.42 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 3.28 | -1.94 |
| Martin ratioReturn relative to average drawdown | 4.54 | 12.34 | -7.80 |
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Drawdowns
ASRR.DE vs. CEMS.DE - Drawdown Comparison
The maximum ASRR.DE drawdown since its inception was -22.26%, smaller than the maximum CEMS.DE drawdown of -40.22%. Use the drawdown chart below to compare losses from any high point for ASRR.DE and CEMS.DE.
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Drawdown Indicators
| ASRR.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.26% | -40.22% | +17.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.59% | -10.02% | -1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -17.61% | +3.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.22% | — |
Current DrawdownCurrent decline from peak | -1.40% | -1.72% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -7.44% | +2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 2.67% | +0.77% |
Volatility
ASRR.DE vs. CEMS.DE - Volatility Comparison
The current volatility for BNP Paribas Easy MSCI Europe SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (ASRR.DE) is 3.12%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.20%. This indicates that ASRR.DE experiences smaller price fluctuations and is considered to be less risky than CEMS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASRR.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 4.20% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.71% | 12.03% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.26% | 14.24% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 15.28% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.77% | 17.06% | -2.29% |
ASRR.DE vs. CEMS.DE - Expense Ratio Comparison
Both ASRR.DE and CEMS.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ASRR.DE vs. CEMS.DE - Dividend Comparison
Neither ASRR.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRR.DE and CEMS.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ASRR.DE and CEMS.DE have the same expense ratio: 0.25% per year.
ASRR.DE tracks MSCI Europe SRI S-Series PAB 5% Capped, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: BNP Paribas and iShares.
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