ASRW.DE vs. MVEW.DE
ASRW.DE (BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF USD Acc) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - ASRW.DE tracks the MSCI World ESG Filtered Min TE while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 3 years, ASRW.DE returned 20.46%/yr vs 9.44%/yr for MVEW.DE. A 0.59 correlation means they provide meaningful diversification when combined. ASRW.DE charges 0.15%/yr vs 0.30%/yr for MVEW.DE.
Performance
ASRW.DE vs. MVEW.DE - Performance Comparison
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Different Trading Currencies
ASRW.DE is traded in USD, while MVEW.DE is traded in EUR. To make them comparable, the MVEW.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ASRW.DE achieves a 9.41% return, which is significantly higher than MVEW.DE's 0.01% return.
ASRW.DE
- 1D
- 0.12%
- 1M
- 4.11%
- YTD
- 9.41%
- 6M
- 10.89%
- 1Y
- 25.63%
- 3Y*
- 20.46%
- 5Y*
- —
- 10Y*
- —
MVEW.DE
- 1D
- 0.19%
- 1M
- 1.09%
- YTD
- 0.01%
- 6M
- 0.88%
- 1Y
- 2.18%
- 3Y*
- 9.44%
- 5Y*
- 5.48%
- 10Y*
- —
ASRW.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ASRW.DE BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF USD Acc | 9.41% | 20.73% | 18.27% | 21.79% | 8.82% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 0.01% | 11.78% | 10.54% | 9.63% | 10.31% |
Correlation
The correlation between ASRW.DE and MVEW.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2022 | 0.59 |
The correlation between ASRW.DE and MVEW.DE shifts across timeframes, from 0.42 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ASRW.DE vs. MVEW.DE — Risk / Return Rank
ASRW.DE
MVEW.DE
ASRW.DE vs. MVEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF USD Acc (ASRW.DE) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.
| ASRW.DE | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.05 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 0.36 | +2.62 |
| Martin ratioReturn relative to average drawdown | 12.66 | 0.98 | +11.68 |
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
| ASRW.DE | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 0.27 | +1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | 0.69 | +0.85 |
Drawdowns
ASRW.DE vs. MVEW.DE - Drawdown Comparison
The maximum ASRW.DE drawdown since its inception was -16.82%, smaller than the maximum MVEW.DE drawdown of -20.61%. Use the drawdown chart below to compare losses from any high point for ASRW.DE and MVEW.DE.
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Drawdown Indicators
| ASRW.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.82% | -20.61% | +3.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.56% | -6.04% | -2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -9.51% | -7.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.61% | — |
Current DrawdownCurrent decline from peak | -0.46% | -3.13% | +2.67% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -4.18% | +2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.24% | -0.22% |
Volatility
ASRW.DE vs. MVEW.DE - Volatility Comparison
BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF USD Acc (ASRW.DE) has a higher volatility of 3.35% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 2.23%. This indicates that ASRW.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASRW.DE | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 2.23% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.44% | 5.66% | +3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 8.13% | +4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.04% | 11.31% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.04% | 11.84% | +2.20% |
ASRW.DE vs. MVEW.DE - Expense Ratio Comparison
ASRW.DE has a 0.15% expense ratio, which is lower than MVEW.DE's 0.30% expense ratio.
Dividends
ASRW.DE vs. MVEW.DE - Dividend Comparison
Neither ASRW.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRW.DE and MVEW.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRW.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRW.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for MVEW.DE.
ASRW.DE tracks MSCI World ESG Filtered Min TE, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.15% for ASRW.DE and 0.30% for MVEW.DE.
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