ASRV.DE vs. FTGE.DE
ASRV.DE (BNP Paribas Easy ESG Eurozone Biodiversity Leaders PAB UCITS ETF) and FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) are both Europe Equities funds - ASRV.DE tracks the Euronext ESG Eurozone Biodiversity Leaders PAB while FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone. Both are passively managed. Over the past 3 years, ASRV.DE returned 10.82%/yr vs 22.56%/yr for FTGE.DE. A 0.76 correlation means they provide meaningful diversification when combined. ASRV.DE charges 0.35%/yr vs 0.65%/yr for FTGE.DE.
Performance
ASRV.DE vs. FTGE.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 FTGE.DE's 13.73% return.
ASRV.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -0.76%
- 6M
- -0.11%
- 1Y
- 6.28%
- 3Y*
- 10.82%
- 5Y*
- —
- 10Y*
- —
FTGE.DE
- 1D
- 0.51%
- 1M
- 3.08%
- YTD
- 13.73%
- 6M
- 16.86%
- 1Y
- 30.85%
- 3Y*
- 22.56%
- 5Y*
- 11.59%
- 10Y*
- —
ASRV.DE vs. FTGE.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% |
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 13.73% | 39.79% | 9.52% | 12.43% | 14.64% |
Correlation
The correlation between ASRV.DE and FTGE.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022 | 0.76 |
The correlation between ASRV.DE and FTGE.DE has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.
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Return for Risk
ASRV.DE vs. FTGE.DE — Risk / Return Rank
ASRV.DE
FTGE.DE
ASRV.DE vs. FTGE.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 First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.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 | FTGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.40 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 3.27 | -2.71 |
| Martin ratioReturn relative to average drawdown | 1.55 | 12.30 | -10.75 |
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 | FTGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 2.16 | -1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 0.88 | +0.17 |
Drawdowns
ASRV.DE vs. FTGE.DE - Drawdown Comparison
The maximum ASRV.DE drawdown since its inception was -15.45%, smaller than the maximum FTGE.DE drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for ASRV.DE and FTGE.DE.
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Drawdown Indicators
| ASRV.DE | FTGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.45% | -26.63% | +11.18% |
Max Drawdown (1Y)Largest decline over 1 year | -12.59% | -9.38% | -3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -15.45% | -16.12% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.63% | — |
Current DrawdownCurrent decline from peak | -8.14% | 0.00% | -8.14% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -5.40% | +2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 2.50% | +2.06% |
Volatility
ASRV.DE vs. FTGE.DE - Volatility Comparison
The current volatility for BNP Paribas Easy ESG Eurozone Biodiversity Leaders PAB UCITS ETF (ASRV.DE) is 0.00%, while First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) has a volatility of 3.83%. This indicates that ASRV.DE experiences smaller price fluctuations and is considered to be less risky than FTGE.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 | FTGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.83% | -3.83% |
Volatility (6M)Calculated over the trailing 6-month period | 11.06% | 11.63% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.60% | 14.23% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.53% | 17.58% | -3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.53% | 18.41% | -3.88% |
ASRV.DE vs. FTGE.DE - Expense Ratio Comparison
ASRV.DE has a 0.35% expense ratio, which is lower than FTGE.DE's 0.65% expense ratio.
Dividends
ASRV.DE vs. FTGE.DE - Dividend Comparison
Neither ASRV.DE nor FTGE.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRV.DE and FTGE.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRV.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRV.DE is cheaper with a 0.35% expense ratio, compared with 0.65% for FTGE.DE.
ASRV.DE tracks Euronext ESG Eurozone Biodiversity Leaders PAB, while FTGE.DE tracks Nasdaq AlphaDEX® Eurozone. They also come from different issuers: BNP Paribas and First Trust. Their fees differ too: 0.35% for ASRV.DE and 0.65% for FTGE.DE.
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