ASRR.DE vs. ESNB.DE
ASRR.DE (BNP Paribas Easy MSCI Europe SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) and ESNB.DE (Expat Serbia BELEX15 UCITS ETF) are both Europe Equities funds - ASRR.DE tracks the MSCI Europe SRI S-Series PAB 5% Capped while ESNB.DE tracks the BELEX15 Index. Both are passively managed. Over the past 3 years, ASRR.DE returned 11.78%/yr vs -1.61%/yr for ESNB.DE. At a 0.02 correlation, their price movements are largely independent. ASRR.DE charges 0.25%/yr vs 1.38%/yr for ESNB.DE.
Performance
ASRR.DE vs. ESNB.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 higher than ESNB.DE's -6.99% return.
ASRR.DE
- 1D
- -0.45%
- 1M
- 1.08%
- 6M
- 7.40%
- YTD
- 11.11%
- 1Y
- 15.65%
- 3Y*
- 11.78%
- 5Y*
- —
- 10Y*
- —
ESNB.DE
- 1D
- 0.23%
- 1M
- -0.56%
- 6M
- -5.83%
- YTD
- -6.99%
- 1Y
- -5.51%
- 3Y*
- -1.61%
- 5Y*
- -1.81%
- 10Y*
- —
ASRR.DE vs. ESNB.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% |
ESNB.DE Expat Serbia BELEX15 UCITS ETF | -6.99% | 0.82% | 0.78% | 2.90% | -10.34% |
Correlation
The correlation between ASRR.DE and ESNB.DE is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.02 |
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Return for Risk
ASRR.DE vs. ESNB.DE — Risk / Return Rank
ASRR.DE
ESNB.DE
ASRR.DE vs. ESNB.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 Expat Serbia BELEX15 UCITS ETF (ESNB.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 | ESNB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.91 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | -0.53 | +1.87 |
| Martin ratioReturn relative to average drawdown | 4.54 | -1.12 | +5.65 |
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Drawdowns
ASRR.DE vs. ESNB.DE - Drawdown Comparison
The maximum ASRR.DE drawdown since its inception was -22.26%, roughly equal to the maximum ESNB.DE drawdown of -22.77%. Use the drawdown chart below to compare losses from any high point for ASRR.DE and ESNB.DE.
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Drawdown Indicators
| ASRR.DE | ESNB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.26% | -22.77% | +0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -11.59% | -10.40% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -12.60% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.85% | — |
Current DrawdownCurrent decline from peak | -1.40% | -13.67% | +12.27% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -8.44% | +3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 4.91% | -1.47% |
Volatility
ASRR.DE vs. ESNB.DE - Volatility Comparison
BNP Paribas Easy MSCI Europe SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (ASRR.DE) and Expat Serbia BELEX15 UCITS ETF (ESNB.DE) have volatilities of 3.12% and 3.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASRR.DE | ESNB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 3.05% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.71% | 6.22% | +5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.26% | 9.72% | +4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 10.52% | +4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.77% | 12.11% | +2.66% |
ASRR.DE vs. ESNB.DE - Expense Ratio Comparison
ASRR.DE has a 0.25% expense ratio, which is lower than ESNB.DE's 1.38% expense ratio.
Dividends
ASRR.DE vs. ESNB.DE - Dividend Comparison
Neither ASRR.DE nor ESNB.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRR.DE and ESNB.DE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRR.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRR.DE is cheaper with a 0.25% expense ratio, compared with 1.38% for ESNB.DE.
ASRR.DE tracks MSCI Europe SRI S-Series PAB 5% Capped, while ESNB.DE tracks BELEX15 Index. They also come from different issuers: BNP Paribas and Expat. Their fees differ too: 0.25% for ASRR.DE and 1.38% for ESNB.DE.
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