CGB.DE vs. ASRC.DE
CGB.DE (Xtrackers II Harvest China Government Bond UCITS ETF (Dist)) and ASRC.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF) are both Emerging Markets Bonds funds - CGB.DE tracks the FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index while ASRC.DE tracks the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 5 years, CGB.DE returned 3.23%/yr vs 2.50%/yr for ASRC.DE. At a 0.31 correlation, their price movements are largely independent. CGB.DE charges 0.20%/yr vs 0.25%/yr for ASRC.DE.
Performance
CGB.DE vs. ASRC.DE - Performance Comparison
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Different Trading Currencies
CGB.DE is traded in EUR, while ASRC.DE is traded in USD. To make them comparable, the ASRC.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CGB.DE achieves a 8.00% return, which is significantly higher than ASRC.DE's 4.95% return.
CGB.DE
- 1D
- 0.40%
- 1M
- 1.32%
- 6M
- 7.77%
- YTD
- 8.00%
- 1Y
- 11.41%
- 3Y*
- 3.87%
- 5Y*
- 3.23%
- 10Y*
- 2.48%
ASRC.DE
- 1D
- 0.00%
- 1M
- 2.29%
- 6M
- 5.05%
- YTD
- 4.95%
- 1Y
- 12.13%
- 3Y*
- 6.85%
- 5Y*
- 2.50%
- 10Y*
- —
CGB.DE vs. ASRC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 8.00% | -6.58% | 9.93% | -2.82% | -0.10% | 12.48% |
ASRC.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF | 4.95% | 0.49% | 11.52% | 6.43% | -12.67% | 6.68% |
Correlation
The correlation between CGB.DE and ASRC.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021 | 0.31 |
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Return for Risk
CGB.DE vs. ASRC.DE — Risk / Return Rank
CGB.DE
ASRC.DE
CGB.DE vs. ASRC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) and BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CGB.DE | ASRC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 4.07 | -0.06 |
| Martin ratioReturn relative to average drawdown | 11.91 | 11.99 | -0.08 |
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Drawdowns
CGB.DE vs. ASRC.DE - Drawdown Comparison
The maximum CGB.DE drawdown since its inception was -20.06%, which is greater than ASRC.DE's maximum drawdown of -15.63%. Use the drawdown chart below to compare losses from any high point for CGB.DE and ASRC.DE.
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Drawdown Indicators
| CGB.DE | ASRC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.06% | -15.63% | -4.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -2.97% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -12.90% | +1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -13.94% | -15.63% | +1.69% |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | — | — |
Current DrawdownCurrent decline from peak | -0.94% | -0.79% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -6.16% | -3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.01% | -0.05% |
Volatility
CGB.DE vs. ASRC.DE - Volatility Comparison
Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) has a higher volatility of 1.70% compared to BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.DE) at 1.51%. This indicates that CGB.DE's price experiences larger fluctuations and is considered to be riskier than ASRC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGB.DE | ASRC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.51% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 4.01% | 5.17% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 6.83% | -1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.74% | 9.25% | -2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 9.11% | +1.95% |
CGB.DE vs. ASRC.DE - Expense Ratio Comparison
CGB.DE has a 0.20% expense ratio, which is lower than ASRC.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CGB.DE vs. ASRC.DE - Dividend Comparison
CGB.DE's dividend yield for the trailing twelve months is around 2.00%, while ASRC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ASRC.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 2.00% | 2.40% | 2.37% | 2.97% | 4.40% | 2.17% | 2.15% | 2.56% | 0.72% | 2.64% | 0.38% |
Frequently Asked Questions
CGB.DE and ASRC.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CGB.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CGB.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for ASRC.DE.
CGB.DE tracks FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index, while ASRC.DE tracks JP Morgan ESG EMBI Global Diversified. They also come from different issuers: Xtrackers and BNP Paribas. Their fees differ too: 0.20% for CGB.DE and 0.25% for ASRC.DE.
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