ASRS.DE vs. XWEM.DE

Last updated Jul 14, 2026

ASRS.DE (BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation) and XWEM.DE (Xtrackers MSCI World Momentum ESG UCITS ETF 1C) are both exchange-traded funds - ASRS.DE is a Alternative Energy Equities fund tracking the ECPI Global ESG Hydrogen Economy (NR) Index, while XWEM.DE is a Momentum fund tracking the MSCI World Momentum Low Carbon SRI Screened Select Index. Both are passively managed. Over the past 3 years, ASRS.DE returned 13.37%/yr vs 20.70%/yr for XWEM.DE. A 0.54 correlation means they provide meaningful diversification when combined. ASRS.DE charges 0.30%/yr vs 0.25%/yr for XWEM.DE.

Performance

ASRS.DE vs. XWEM.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation (ASRS.DE) and Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ASRS.DE having a 22.03% return and XWEM.DE slightly higher at 22.69%.

ASRS.DE

• 1D: 0.00%
• 1M: -1.32%
• 6M: 13.63%
• YTD: 22.03%
• 1Y: 44.54%
• 3Y*: 13.37%
• 5Y*: —
• 10Y*: —

XWEM.DE

• 1D: 0.00%
• 1M: 1.13%
• 6M: 19.80%
• YTD: 22.69%
• 1Y: 34.88%
• 3Y*: 20.70%
• 5Y*: —
• 10Y*: —

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

ASRS.DE vs. XWEM.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ASRS.DE BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation	22.03%	32.28%	-6.37%	-4.37%
XWEM.DE Xtrackers MSCI World Momentum ESG UCITS ETF 1C	22.69%	8.67%	36.15%	-1.01%

Correlation

The correlation between ASRS.DE and XWEM.DE is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023	0.54

The correlation between ASRS.DE and XWEM.DE shifts across timeframes, from 0.54 (3 years) to 0.69 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ASRS.DE vs. XWEM.DE — Risk / Return Rank

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

ASRS.DE

ASRS.DE Risk / Return Rank: 90
ASRS.DE Sharpe Ratio Rank: 91
ASRS.DE Sortino Ratio Rank: 88
ASRS.DE Omega Ratio Rank: 84
ASRS.DE Calmar Ratio Rank: 95
ASRS.DE Martin Ratio Rank: 92

XWEM.DE

XWEM.DE Risk / Return Rank: 52
XWEM.DE Sharpe Ratio Rank: 45
XWEM.DE Sortino Ratio Rank: 49
XWEM.DE Omega Ratio Rank: 74
XWEM.DE Calmar Ratio Rank: 55
XWEM.DE Martin Ratio Rank: 36

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.

ASRS.DE vs. XWEM.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation (ASRS.DE) and Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.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.

	ASRS.DE	XWEM.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.47	1.27	+1.19
Sortino ratio: Return per unit of downside risk	3.23	1.98	+1.26
Omega ratio: Gain probability vs. loss probability	1.40	1.34	+0.05
Calmar ratio: Return relative to maximum drawdown	5.82	2.18	+3.64
Martin ratio: Return relative to average drawdown	17.10	4.36	+12.74

ASRS.DE vs. XWEM.DE - Sharpe Ratio Comparison

The current ASRS.DE Sharpe Ratio is 2.47, which is higher than the XWEM.DE Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of ASRS.DE and XWEM.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.

Drawdowns

ASRS.DE vs. XWEM.DE - Drawdown Comparison

The maximum ASRS.DE drawdown since its inception was -36.11%, which is greater than XWEM.DE's maximum drawdown of -22.80%. Use the drawdown chart below to compare losses from any high point for ASRS.DE and XWEM.DE.

Drawdown Indicators

	ASRS.DE	XWEM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.11%	-22.80%	-13.31%
Max Drawdown (1Y) Largest decline over 1 year	-7.68%	-15.98%	+8.30%
Max Drawdown (3Y) Largest decline over 3 years	-25.09%	-22.80%	-2.29%
Current Drawdown Current decline from peak	-5.57%	-3.87%	-1.70%
Average Drawdown Average peak-to-trough decline	-15.44%	-5.38%	-10.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	7.99%	-5.38%

Volatility

ASRS.DE vs. XWEM.DE - Volatility Comparison

The current volatility for BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation (ASRS.DE) is 4.82%, while Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.DE) has a volatility of 6.24%. This indicates that ASRS.DE experiences smaller price fluctuations and is considered to be less risky than XWEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASRS.DE	XWEM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	6.24%	-1.42%
Volatility (6M) Calculated over the trailing 6-month period	13.42%	14.02%	-0.60%
Volatility (1Y) Calculated over the trailing 1-year period	18.17%	27.44%	-9.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.06%	21.81%	-3.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.06%	21.81%	-3.75%

ASRS.DE vs. XWEM.DE - Expense Ratio Comparison

ASRS.DE has a 0.30% expense ratio, which is higher than XWEM.DE's 0.25% expense ratio.

Dividends

ASRS.DE vs. XWEM.DE - Dividend Comparison

Neither ASRS.DE nor XWEM.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ASRS.DE and XWEM.DE in my portfolio?

ASRS.DE and XWEM.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASRS.DE or XWEM.DE?

On fees, XWEM.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, ASRS.DE or XWEM.DE?

XWEM.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for ASRS.DE.

What is the main difference between ASRS.DE and XWEM.DE?

ASRS.DE is categorized as Alternative Energy Equities, while XWEM.DE is Momentum. ASRS.DE tracks ECPI Global ESG Hydrogen Economy (NR) Index, while XWEM.DE tracks MSCI World Momentum Low Carbon SRI Screened Select Index. They also come from different issuers: BNP Paribas Easy and Xtrackers. Their fees differ too: 0.30% for ASRS.DE and 0.25% for XWEM.DE.