ASRV.DE vs. EUN0.DE
ASRV.DE (BNP Paribas Easy ESG Eurozone Biodiversity Leaders PAB UCITS ETF) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - ASRV.DE tracks the Euronext ESG Eurozone Biodiversity Leaders PAB while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 3 years, ASRV.DE returned 10.82%/yr vs 10.39%/yr for EUN0.DE. A 0.69 correlation means they provide meaningful diversification when combined. ASRV.DE charges 0.35%/yr vs 0.25%/yr for EUN0.DE.
Performance
ASRV.DE vs. EUN0.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 EUN0.DE's 5.60% return.
ASRV.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -0.76%
- 6M
- -0.11%
- 1Y
- 6.28%
- 3Y*
- 10.82%
- 5Y*
- —
- 10Y*
- —
EUN0.DE
- 1D
- 0.54%
- 1M
- 0.57%
- YTD
- 5.60%
- 6M
- 6.91%
- 1Y
- 5.46%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
ASRV.DE vs. EUN0.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% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | 7.70% |
Correlation
The correlation between ASRV.DE and EUN0.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022 | 0.69 |
The correlation between ASRV.DE and EUN0.DE shifts across timeframes, from 0.55 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ASRV.DE vs. EUN0.DE — Risk / Return Rank
ASRV.DE
EUN0.DE
ASRV.DE vs. EUN0.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 Minimum Volatility UCITS ETF (EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.11 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 0.76 | -0.20 |
| Martin ratioReturn relative to average drawdown | 1.55 | 1.97 | -0.42 |
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 | EUN0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.62 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 0.63 | +0.42 |
Drawdowns
ASRV.DE vs. EUN0.DE - Drawdown Comparison
The maximum ASRV.DE drawdown since its inception was -15.45%, smaller than the maximum EUN0.DE drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for ASRV.DE and EUN0.DE.
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Drawdown Indicators
| ASRV.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.45% | -30.68% | +15.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.59% | -7.16% | -5.43% |
Max Drawdown (3Y)Largest decline over 3 years | -15.45% | -10.73% | -4.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.68% | — |
Current DrawdownCurrent decline from peak | -8.14% | -3.12% | -5.02% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -4.69% | +2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 2.76% | +1.80% |
Volatility
ASRV.DE vs. EUN0.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 Minimum Volatility UCITS ETF (EUN0.DE) has a volatility of 3.03%. This indicates that ASRV.DE experiences smaller price fluctuations and is considered to be less risky than EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.03% | -3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.06% | 7.20% | +3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.60% | 8.77% | +5.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.53% | 11.02% | +3.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.53% | 12.51% | +2.02% |
ASRV.DE vs. EUN0.DE - Expense Ratio Comparison
ASRV.DE has a 0.35% expense ratio, which is higher than EUN0.DE's 0.25% expense ratio.
Dividends
ASRV.DE vs. EUN0.DE - Dividend Comparison
Neither ASRV.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRV.DE and EUN0.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN0.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN0.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 EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.35% for ASRV.DE and 0.25% for EUN0.DE.
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