ASRV.DE vs. ETSZ.DE
ASRV.DE (BNP Paribas Easy ESG Eurozone Biodiversity Leaders PAB UCITS ETF) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both Europe Equities funds from BNP Paribas - ASRV.DE tracks the Euronext ESG Eurozone Biodiversity Leaders PAB while ETSZ.DE tracks the STOXX® Europe 600. Both are passively managed. Over the past 3 years, ASRV.DE returned 10.82%/yr vs 13.72%/yr for ETSZ.DE. Their correlation of 0.88 suggests significant overlap in exposure. ASRV.DE charges 0.35%/yr vs 0.20%/yr for ETSZ.DE.
Performance
ASRV.DE vs. ETSZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASRV.DE achieves a -0.76% return, which is significantly lower than ETSZ.DE's 7.24% return.
ASRV.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -0.76%
- 6M
- -0.11%
- 1Y
- 6.28%
- 3Y*
- 10.82%
- 5Y*
- —
- 10Y*
- —
ETSZ.DE
- 1D
- 0.59%
- 1M
- 3.00%
- YTD
- 7.24%
- 6M
- 9.76%
- 1Y
- 16.19%
- 3Y*
- 13.72%
- 5Y*
- 9.62%
- 10Y*
- 9.16%
ASRV.DE vs. ETSZ.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% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 7.24% | 20.43% | 8.21% | 15.61% | 11.84% |
Correlation
The correlation between ASRV.DE and ETSZ.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022 | 0.88 |
The correlation between ASRV.DE and ETSZ.DE has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
ASRV.DE vs. ETSZ.DE — Risk / Return Rank
ASRV.DE
ETSZ.DE
ASRV.DE vs. ETSZ.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 BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.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 | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.24 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 1.72 | -1.16 |
| Martin ratioReturn relative to average drawdown | 1.55 | 6.45 | -4.90 |
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 | ETSZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 1.26 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 0.52 | +0.53 |
Drawdowns
ASRV.DE vs. ETSZ.DE - Drawdown Comparison
The maximum ASRV.DE drawdown since its inception was -15.45%, smaller than the maximum ETSZ.DE drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for ASRV.DE and ETSZ.DE.
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Drawdown Indicators
| ASRV.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.45% | -35.51% | +20.06% |
Max Drawdown (1Y)Largest decline over 1 year | -12.59% | -9.39% | -3.20% |
Max Drawdown (3Y)Largest decline over 3 years | -15.45% | -16.35% | +0.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.51% | — |
Current DrawdownCurrent decline from peak | -8.14% | -1.70% | -6.44% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -5.41% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 2.51% | +2.05% |
Volatility
ASRV.DE vs. ETSZ.DE - Volatility Comparison
The current volatility for BNP Paribas Easy ESG Eurozone Biodiversity Leaders PAB UCITS ETF (ASRV.DE) is 0.00%, while BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) has a volatility of 4.34%. This indicates that ASRV.DE experiences smaller price fluctuations and is considered to be less risky than ETSZ.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 | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 4.34% | -4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.06% | 10.64% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.60% | 12.84% | +1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.53% | 14.39% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.53% | 15.54% | -1.01% |
ASRV.DE vs. ETSZ.DE - Expense Ratio Comparison
ASRV.DE has a 0.35% expense ratio, which is higher than ETSZ.DE's 0.20% expense ratio.
Dividends
ASRV.DE vs. ETSZ.DE - Dividend Comparison
Neither ASRV.DE nor ETSZ.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRV.DE and ETSZ.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETSZ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETSZ.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for ASRV.DE.
ASRV.DE tracks Euronext ESG Eurozone Biodiversity Leaders PAB, while ETSZ.DE tracks STOXX® Europe 600. Their fees differ too: 0.35% for ASRV.DE and 0.20% for ETSZ.DE.
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