EL48.DE vs. ASRI.DE
EL48.DE (Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF) and ASRI.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Acc) are both European Corporate Bonds funds - EL48.DE tracks the iBoxx® EUR Liquid Germany Covered Diversified while ASRI.DE tracks the Bloomberg MSCI Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB. Both are passively managed. Over the past 5 years, EL48.DE returned -1.42%/yr vs -0.54%/yr for ASRI.DE. A 0.62 correlation means they provide meaningful diversification when combined. EL48.DE charges 0.09%/yr vs 0.20%/yr for ASRI.DE.
Performance
EL48.DE vs. ASRI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL48.DE achieves a -0.08% return, which is significantly lower than ASRI.DE's 0.38% return.
EL48.DE
- 1D
- -0.13%
- 1M
- -0.62%
- 6M
- -0.43%
- YTD
- -0.08%
- 1Y
- 0.41%
- 3Y*
- 2.92%
- 5Y*
- -1.42%
- 10Y*
- -0.52%
ASRI.DE
- 1D
- 0.00%
- 1M
- -0.65%
- 6M
- -0.09%
- YTD
- 0.38%
- 1Y
- 1.14%
- 3Y*
- 4.22%
- 5Y*
- -0.54%
- 10Y*
- —
EL48.DE vs. ASRI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EL48.DE Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF | -0.08% | 2.29% | 2.96% | 5.22% | -14.74% | -2.30% | 1.63% | 2.44% |
ASRI.DE BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Acc | 0.38% | 2.91% | 4.04% | 7.84% | -15.08% | -1.28% | 2.53% | 6.80% |
Correlation
The correlation between EL48.DE and ASRI.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 | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019 | 0.62 |
The correlation between EL48.DE and ASRI.DE has been stable across timeframes, ranging from 0.62 to 0.72 - a consistent structural relationship.
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Return for Risk
EL48.DE vs. ASRI.DE — Risk / Return Rank
EL48.DE
ASRI.DE
EL48.DE vs. ASRI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF (EL48.DE) and BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Acc (ASRI.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.
| EL48.DE | ASRI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.06 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.39 | -0.21 |
| Martin ratioReturn relative to average drawdown | 0.44 | 1.24 | -0.80 |
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Drawdowns
EL48.DE vs. ASRI.DE - Drawdown Comparison
The maximum EL48.DE drawdown since its inception was -18.24%, roughly equal to the maximum ASRI.DE drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for EL48.DE and ASRI.DE.
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Drawdown Indicators
| EL48.DE | ASRI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.24% | -19.07% | +0.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -2.88% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -2.22% | -2.88% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -17.05% | -19.07% | +2.02% |
Max Drawdown (10Y)Largest decline over 10 years | -18.24% | — | — |
Current DrawdownCurrent decline from peak | -8.72% | -3.36% | -5.36% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -6.14% | +1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.92% | +0.02% |
Volatility
EL48.DE vs. ASRI.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF (EL48.DE) is 0.76%, while BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Acc (ASRI.DE) has a volatility of 0.88%. This indicates that EL48.DE experiences smaller price fluctuations and is considered to be less risky than ASRI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL48.DE | ASRI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.88% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 2.97% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 3.38% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.16% | 5.14% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.23% | 5.45% | -2.22% |
EL48.DE vs. ASRI.DE - Expense Ratio Comparison
EL48.DE has a 0.09% expense ratio, which is lower than ASRI.DE's 0.20% 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
EL48.DE vs. ASRI.DE - Dividend Comparison
EL48.DE's dividend yield for the trailing twelve months is around 2.27%, while ASRI.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASRI.DE BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF 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% |
EL48.DE Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF | 2.27% | 2.45% | 1.70% | 1.66% | 0.19% | 0.15% | 0.19% | 0.28% | 0.28% | 0.87% | 0.90% | 0.94% |
Frequently Asked Questions
EL48.DE and ASRI.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, EL48.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL48.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for ASRI.DE.
EL48.DE tracks iBoxx® EUR Liquid Germany Covered Diversified, while ASRI.DE tracks Bloomberg MSCI Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB. They also come from different issuers: Deka and BNP Paribas. Their fees differ too: 0.09% for EL48.DE and 0.20% for ASRI.DE.
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