EL49.DE vs. ASR3.DE
EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) and ASR3.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF) are both European Corporate Bonds funds - EL49.DE tracks the iBoxx® EUR Liquid Corporates Diversified while ASR3.DE tracks the Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB. Both are passively managed. Over the past 5 years, EL49.DE returned -0.16%/yr vs 1.32%/yr for ASR3.DE. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
EL49.DE vs. ASR3.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EL49.DE achieves a 0.49% return, which is significantly lower than ASR3.DE's 0.52% return.
EL49.DE
- 1D
- 0.02%
- 1M
- 0.35%
- YTD
- 0.49%
- 6M
- 0.22%
- 1Y
- 1.76%
- 3Y*
- 4.31%
- 5Y*
- -0.16%
- 10Y*
- 0.63%
ASR3.DE
- 1D
- 0.21%
- 1M
- 0.26%
- YTD
- 0.52%
- 6M
- 0.64%
- 1Y
- 1.93%
- 3Y*
- 3.90%
- 5Y*
- 1.32%
- 10Y*
- —
EL49.DE vs. ASR3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 0.49% | 2.66% | 4.06% | 7.13% | -13.01% | -1.51% | 1.80% | 0.01% |
ASR3.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF | 0.52% | 2.90% | 4.41% | 4.76% | -5.36% | -0.22% | 0.46% | 0.11% |
Correlation
The correlation between EL49.DE and ASR3.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2019 | 0.67 |
The correlation between EL49.DE and ASR3.DE has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EL49.DE vs. ASR3.DE — Risk / Return Rank
EL49.DE
ASR3.DE
EL49.DE vs. ASR3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) and BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.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.
| EL49.DE | ASR3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.21 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 1.29 | -0.84 |
| Martin ratioReturn relative to average drawdown | 1.52 | 4.87 | -3.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EL49.DE | ASR3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 1.00 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.62 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.48 | -0.01 |
Drawdowns
EL49.DE vs. ASR3.DE - Drawdown Comparison
The maximum EL49.DE drawdown since its inception was -16.77%, which is greater than ASR3.DE's maximum drawdown of -6.86%. Use the drawdown chart below to compare losses from any high point for EL49.DE and ASR3.DE.
Loading charts...
Drawdown Indicators
| EL49.DE | ASR3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.77% | -6.86% | -9.91% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -1.38% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -3.05% | -1.38% | -1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -16.77% | -6.86% | -9.91% |
Max Drawdown (10Y)Largest decline over 10 years | -16.77% | — | — |
Current DrawdownCurrent decline from peak | -1.87% | -0.08% | -1.79% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -1.54% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.37% | +0.55% |
Volatility
EL49.DE vs. ASR3.DE - Volatility Comparison
Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) has a higher volatility of 1.28% compared to BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.DE) at 0.56%. This indicates that EL49.DE's price experiences larger fluctuations and is considered to be riskier than ASR3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EL49.DE | ASR3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 0.56% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 1.55% | +1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 1.78% | +2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 2.09% | +2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.25% | 2.26% | +2.99% |
EL49.DE vs. ASR3.DE - Expense Ratio Comparison
Both EL49.DE and ASR3.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EL49.DE vs. ASR3.DE - Dividend Comparison
EL49.DE's dividend yield for the trailing twelve months is around 3.49%, more than ASR3.DE's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASR3.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF | 1.98% | 2.97% | 3.58% | 0.93% | 1.02% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 3.49% | 3.50% | 3.24% | 3.04% | 0.75% | 0.69% | 0.69% | 0.88% | 0.75% | 1.15% | 1.52% | 1.82% |
Frequently Asked Questions
EL49.DE and ASR3.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EL49.DE and ASR3.DE have the same expense ratio: 0.20% per year.
EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified, while ASR3.DE tracks Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB. They also come from different issuers: Deka and BNP Paribas.
Find the right allocation for EL49.DE and ASR3.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer