ASRW.DE vs. PSWD.DE

Last updated Jun 5, 2026

ASRW.DE (BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF USD Acc) and PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) are both Global Equities funds - ASRW.DE tracks the MSCI World ESG Filtered Min TE while PSWD.DE tracks the FTSE RAFI All-World 3000. Both are passively managed. Over the past 3 years, ASRW.DE returned 20.46%/yr vs 22.17%/yr for PSWD.DE. Their correlation of 0.80 suggests significant overlap in exposure. ASRW.DE charges 0.15%/yr vs 0.39%/yr for PSWD.DE.

Performance

ASRW.DE vs. PSWD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF USD Acc (ASRW.DE) and Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ASRW.DE is traded in USD, while PSWD.DE is traded in EUR. To make them comparable, the PSWD.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 lower than PSWD.DE's 15.12% return.

ASRW.DE

• 1D: 0.12%
• 1M: 4.11%
• YTD: 9.41%
• 6M: 10.89%
• 1Y: 25.63%
• 3Y*: 20.46%
• 5Y*: —
• 10Y*: —

PSWD.DE

• 1D: -0.06%
• 1M: 4.00%
• YTD: 15.12%
• 6M: 17.43%
• 1Y: 35.16%
• 3Y*: 22.17%
• 5Y*: 12.29%
• 10Y*: 12.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASRW.DE vs. PSWD.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%
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF	15.12%	29.42%	10.95%	16.29%	13.35%

Correlation

The correlation between ASRW.DE and PSWD.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	0.81
Correlation (All Time) Calculated using the full available price history since Sep 27, 2022	0.80

The correlation between ASRW.DE and PSWD.DE has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.

Return for Risk

ASRW.DE vs. PSWD.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASRW.DE

ASRW.DE Risk / Return Rank: 66
ASRW.DE Sharpe Ratio Rank: 64
ASRW.DE Sortino Ratio Rank: 71
ASRW.DE Omega Ratio Rank: 64
ASRW.DE Calmar Ratio Rank: 61
ASRW.DE Martin Ratio Rank: 69

PSWD.DE

PSWD.DE Risk / Return Rank: 91
PSWD.DE Sharpe Ratio Rank: 91
PSWD.DE Sortino Ratio Rank: 90
PSWD.DE Omega Ratio Rank: 90
PSWD.DE Calmar Ratio Rank: 90
PSWD.DE Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASRW.DE vs. PSWD.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 Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.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	PSWD.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.10	3.01	-0.91
Sortino ratio: Return per unit of downside risk	3.16	4.18	-1.02
Omega ratio: Gain probability vs. loss probability	1.38	1.56	-0.17
Calmar ratio: Return relative to maximum drawdown	2.98	4.29	-1.31
Martin ratio: Return relative to average drawdown	12.66	17.13	-4.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASRW.DE vs. PSWD.DE - Sharpe Ratio Comparison

The current ASRW.DE Sharpe Ratio is 2.10, which is lower than the PSWD.DE Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of ASRW.DE and PSWD.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ASRW.DE	PSWD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	3.01	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.54	0.59	+0.95

Drawdowns

ASRW.DE vs. PSWD.DE - Drawdown Comparison

The maximum ASRW.DE drawdown since its inception was -16.82%, smaller than the maximum PSWD.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for ASRW.DE and PSWD.DE.

Drawdown Indicators

	ASRW.DE	PSWD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.82%	-37.66%	+20.84%
Max Drawdown (1Y) Largest decline over 1 year	-8.56%	-8.15%	-0.41%
Max Drawdown (3Y) Largest decline over 3 years	-16.82%	-14.30%	-2.52%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.66%	—
Current Drawdown Current decline from peak	-0.46%	-0.47%	+0.01%
Average Drawdown Average peak-to-trough decline	-2.02%	-5.71%	+3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	2.05%	-0.03%

Volatility

ASRW.DE vs. PSWD.DE - Volatility Comparison

The current volatility for BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF USD Acc (ASRW.DE) is 3.35%, while Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) has a volatility of 3.64%. This indicates that ASRW.DE experiences smaller price fluctuations and is considered to be less risky than PSWD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASRW.DE	PSWD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	3.64%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	9.44%	9.04%	+0.40%
Volatility (1Y) Calculated over the trailing 1-year period	12.17%	11.62%	+0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.04%	14.96%	-0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.04%	16.36%	-2.32%

ASRW.DE vs. PSWD.DE - Expense Ratio Comparison

ASRW.DE has a 0.15% expense ratio, which is lower than PSWD.DE's 0.39% expense ratio.

Dividends

ASRW.DE vs. PSWD.DE - Dividend Comparison

ASRW.DE has not paid dividends to shareholders, while PSWD.DE's dividend yield for the trailing twelve months is around 1.75%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASRW.DE BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF	1.75%	2.03%	2.27%	2.48%	2.66%	1.92%	1.98%	2.37%	2.56%	2.06%	1.97%	2.02%

Frequently Asked Questions

Can I hold both ASRW.DE and PSWD.DE in my portfolio?

ASRW.DE and PSWD.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.

Which ETF is better, ASRW.DE or PSWD.DE?

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.

Which ETF is cheaper, ASRW.DE or PSWD.DE?

ASRW.DE is cheaper with a 0.15% expense ratio, compared with 0.39% for PSWD.DE.

What is the main difference between ASRW.DE and PSWD.DE?

ASRW.DE tracks MSCI World ESG Filtered Min TE, while PSWD.DE tracks FTSE RAFI All-World 3000. They also come from different issuers: BNP Paribas and Invesco. Their fees differ too: 0.15% for ASRW.DE and 0.39% for PSWD.DE.