ASRV.DE vs. CEMT.DE
ASRV.DE (BNP Paribas Easy ESG Eurozone Biodiversity Leaders PAB UCITS ETF) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - ASRV.DE tracks the Euronext ESG Eurozone Biodiversity Leaders PAB while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 3 years, ASRV.DE returned 10.82%/yr vs 9.41%/yr for CEMT.DE. A 0.78 correlation means they provide meaningful diversification when combined. ASRV.DE charges 0.35%/yr vs 0.25%/yr for CEMT.DE.
Performance
ASRV.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
ASRV.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -0.76%
- 6M
- -0.11%
- 1Y
- 6.28%
- 3Y*
- 10.82%
- 5Y*
- —
- 10Y*
- —
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 4.36%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
ASRV.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ASRV.DE BNP Paribas Easy ESG Eurozone Biodiversity Leaders PAB UCITS ETF | -0.76% | 18.35% | 11.59% | 16.10% | 11.29% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | 14.13% |
Correlation
The correlation between ASRV.DE and CEMT.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022 | 0.78 |
Over the past year, the correlation between ASRV.DE and CEMT.DE has dropped to 0.51 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
ASRV.DE vs. CEMT.DE — Risk / Return Rank
ASRV.DE
CEMT.DE
ASRV.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ESG Eurozone Biodiversity Leaders PAB UCITS ETF (ASRV.DE) and iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.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.
| ASRV.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 1.10 | -0.54 |
| Martin ratioReturn relative to average drawdown | 1.55 | 4.03 | -2.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ASRV.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.77 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.28 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 0.37 | +0.68 |
Drawdowns
ASRV.DE vs. CEMT.DE - Drawdown Comparison
The maximum ASRV.DE drawdown since its inception was -15.45%, smaller than the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for ASRV.DE and CEMT.DE.
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Drawdown Indicators
| ASRV.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.45% | -37.66% | +22.21% |
Max Drawdown (1Y)Largest decline over 1 year | -12.59% | -4.26% | -8.33% |
Max Drawdown (3Y)Largest decline over 3 years | -15.45% | -14.36% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.66% | — |
Current DrawdownCurrent decline from peak | -8.14% | -0.39% | -7.75% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -7.08% | +4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 1.16% | +3.40% |
Volatility
ASRV.DE vs. CEMT.DE - Volatility Comparison
The current volatility for BNP Paribas Easy ESG Eurozone Biodiversity Leaders PAB UCITS ETF (ASRV.DE) is 0.00%, while iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) has a volatility of 0.00%. This indicates that ASRV.DE experiences smaller price fluctuations and is considered to be less risky than CEMT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASRV.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 0.00% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 11.06% | 0.00% | +11.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.60% | 6.11% | +8.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.53% | 14.61% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.53% | 16.11% | -1.58% |
ASRV.DE vs. CEMT.DE - Expense Ratio Comparison
ASRV.DE has a 0.35% expense ratio, which is higher than CEMT.DE's 0.25% expense ratio.
Dividends
ASRV.DE vs. CEMT.DE - Dividend Comparison
Neither ASRV.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRV.DE and CEMT.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMT.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMT.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for ASRV.DE.
ASRV.DE tracks Euronext ESG Eurozone Biodiversity Leaders PAB, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.35% for ASRV.DE and 0.25% for CEMT.DE.
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