ASRT.DE vs. ECMA.DE

Last updated Jun 5, 2026

ASRT.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Dist) and ECMA.DE (Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc) are both European Corporate Bonds funds - ASRT.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, ASRT.DE returned 4.56%/yr vs 4.49%/yr for ECMA.DE. With a 0.97 correlation, they move nearly in lockstep. ASRT.DE charges 0.20%/yr vs 0.19%/yr for ECMA.DE.

Performance

ASRT.DE vs. ECMA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Dist (ASRT.DE) and Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASRT.DE achieves a 0.59% return, which is significantly higher than ECMA.DE's 0.50% return.

ASRT.DE

• 1D: 0.13%
• 1M: 0.33%
• YTD: 0.59%
• 6M: 0.52%
• 1Y: 2.16%
• 3Y*: 4.56%
• 5Y*: —
• 10Y*: —

ECMA.DE

• 1D: 0.10%
• 1M: 0.29%
• YTD: 0.50%
• 6M: 0.46%
• 1Y: 2.04%
• 3Y*: 4.49%
• 5Y*: —
• 10Y*: —

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

ASRT.DE vs. ECMA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ASRT.DE BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Dist	0.59%	2.88%	4.14%	7.70%	-1.86%
ECMA.DE Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc	0.50%	2.90%	4.30%	7.06%	-1.21%

Correlation

The correlation between ASRT.DE and ECMA.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022	0.97

The correlation between ASRT.DE and ECMA.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

ASRT.DE vs. ECMA.DE — Risk / Return Rank

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

ASRT.DE

ASRT.DE Risk / Return Rank: 18
ASRT.DE Sharpe Ratio Rank: 18
ASRT.DE Sortino Ratio Rank: 17
ASRT.DE Omega Ratio Rank: 17
ASRT.DE Calmar Ratio Rank: 17
ASRT.DE Martin Ratio Rank: 19

ECMA.DE

ECMA.DE Risk / Return Rank: 18
ECMA.DE Sharpe Ratio Rank: 18
ECMA.DE Sortino Ratio Rank: 17
ECMA.DE Omega Ratio Rank: 17
ECMA.DE Calmar Ratio Rank: 17
ECMA.DE Martin Ratio Rank: 19

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.

ASRT.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 Dist (ASRT.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.

	ASRT.DE	ECMA.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.54	0.53	+0.01
Sortino ratio: Return per unit of downside risk	0.81	0.80	0.00
Omega ratio: Gain probability vs. loss probability	1.10	1.10	0.00
Calmar ratio: Return relative to maximum drawdown	0.63	0.62	+0.01
Martin ratio: Return relative to average drawdown	2.07	2.07	0.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASRT.DE vs. ECMA.DE - Sharpe Ratio Comparison

The current ASRT.DE Sharpe Ratio is 0.54, which is comparable to the ECMA.DE Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of ASRT.DE and ECMA.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.

Sharpe Ratios by Period

	ASRT.DE	ECMA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.54	0.53	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.81	-0.57

Drawdowns

ASRT.DE vs. ECMA.DE - Drawdown Comparison

The maximum ASRT.DE drawdown since its inception was -11.96%, 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 ASRT.DE and ECMA.DE.

Drawdown Indicators

	ASRT.DE	ECMA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-11.96%	-8.91%	-3.05%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-2.68%	-0.19%
Max Drawdown (3Y) Largest decline over 3 years	-2.87%	-2.68%	-0.19%
Current Drawdown Current decline from peak	-0.80%	-0.76%	-0.04%
Average Drawdown Average peak-to-trough decline	-3.60%	-2.10%	-1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	0.80%	+0.07%

Volatility

ASRT.DE vs. ECMA.DE - Volatility Comparison

BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Dist (ASRT.DE) and Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.DE) have volatilities of 1.25% and 1.28%, 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.

Volatility by Period

	ASRT.DE	ECMA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	1.28%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	2.91%	2.76%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	3.33%	3.13%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.07%	4.16%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.07%	4.16%	+0.91%

ASRT.DE vs. ECMA.DE - Expense Ratio Comparison

ASRT.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

ASRT.DE vs. ECMA.DE - Dividend Comparison

ASRT.DE's dividend yield for the trailing twelve months is around 2.49%, while ECMA.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
ASRT.DE BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Dist	2.49%	3.29%	3.49%	1.06%
ECMA.DE Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASRT.DE and ECMA.DE in my portfolio?

With a correlation of 0.96, ASRT.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.

Which ETF is better, ASRT.DE or ECMA.DE?

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.

Which ETF is cheaper, ASRT.DE or ECMA.DE?

ECMA.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for ASRT.DE.

What is the main difference between ASRT.DE and ECMA.DE?

ASRT.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 Asset Management Luxembourg and Invesco. Their fees differ too: 0.20% for ASRT.DE and 0.19% for ECMA.DE.