EMNJ.DE vs. ASRW.DE
EMNJ.DE (iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist)) and ASRW.DE (BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc) are both exchange-traded funds - EMNJ.DE is a Japan Equities fund tracking the MSCI Japan ESG Enhanced Focus CTB Index, while ASRW.DE is a ESG fund tracking the MSCI World Select Filtered Min TE Index. Both are passively managed. Over the past year, EMNJ.DE returned 39.88% vs 23.43% for ASRW.DE. A 0.63 correlation means they provide meaningful diversification when combined. EMNJ.DE charges 0.15%/yr vs 0.16%/yr for ASRW.DE.
Performance
EMNJ.DE vs. ASRW.DE - Performance Comparison
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Different Trading Currencies
EMNJ.DE is traded in EUR, while ASRW.DE is traded in USD. To make them comparable, the ASRW.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMNJ.DE achieves a 19.97% return, which is significantly higher than ASRW.DE's 12.55% return.
EMNJ.DE
- 1D
- -0.76%
- 1M
- 1.81%
- 6M
- 13.73%
- YTD
- 19.97%
- 1Y
- 39.88%
- 3Y*
- 16.68%
- 5Y*
- 9.72%
- 10Y*
- —
ASRW.DE
- 1D
- -0.32%
- 1M
- 1.36%
- 6M
- 10.93%
- YTD
- 12.55%
- 1Y
- 23.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMNJ.DE vs. ASRW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 19.97% | 12.87% | 5.73% |
ASRW.DE BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc | 12.55% | 6.97% | 14.90% |
Correlation
The correlation between EMNJ.DE and ASRW.DE is 0.66, 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 | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 30, 2024 | 0.63 |
The correlation between EMNJ.DE and ASRW.DE has been stable across timeframes, ranging from 0.63 to 0.66 - a consistent structural relationship.
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Return for Risk
EMNJ.DE vs. ASRW.DE — Risk / Return Rank
EMNJ.DE
ASRW.DE
EMNJ.DE vs. ASRW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EMNJ.DE) and BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc (ASRW.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.
| EMNJ.DE | ASRW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.34 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 3.50 | +0.21 |
| Martin ratioReturn relative to average drawdown | 12.48 | 13.12 | -0.64 |
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Drawdowns
EMNJ.DE vs. ASRW.DE - Drawdown Comparison
The maximum EMNJ.DE drawdown since its inception was -28.10%, which is greater than ASRW.DE's maximum drawdown of -20.77%. Use the drawdown chart below to compare losses from any high point for EMNJ.DE and ASRW.DE.
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Drawdown Indicators
| EMNJ.DE | ASRW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.10% | -20.77% | -7.33% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -6.67% | -4.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.91% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.91% | — | — |
Current DrawdownCurrent decline from peak | -2.74% | -0.43% | -2.31% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -3.08% | -3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 1.78% | +1.41% |
Volatility
EMNJ.DE vs. ASRW.DE - Volatility Comparison
iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EMNJ.DE) has a higher volatility of 6.67% compared to BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc (ASRW.DE) at 2.75%. This indicates that EMNJ.DE's price experiences larger fluctuations and is considered to be riskier than ASRW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMNJ.DE | ASRW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 2.75% | +3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | 9.51% | +7.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.49% | 12.56% | +7.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 14.94% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 14.94% | +3.32% |
EMNJ.DE vs. ASRW.DE - Expense Ratio Comparison
EMNJ.DE has a 0.15% expense ratio, which is lower than ASRW.DE's 0.16% 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
EMNJ.DE vs. ASRW.DE - Dividend Comparison
EMNJ.DE's dividend yield for the trailing twelve months is around 1.42%, while ASRW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ASRW.DE BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 1.42% | 1.58% | 1.80% | 1.75% | 2.16% | 1.66% | 1.63% | 1.72% |
Frequently Asked Questions
EMNJ.DE and ASRW.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMNJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMNJ.DE is cheaper with a 0.15% expense ratio, compared with 0.16% for ASRW.DE.
EMNJ.DE is categorized as Japan Equities, while ASRW.DE is ESG. EMNJ.DE tracks MSCI Japan ESG Enhanced Focus CTB Index, while ASRW.DE tracks MSCI World Select Filtered Min TE Index. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.15% for EMNJ.DE and 0.16% for ASRW.DE.
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