EMUS.DE vs. ASRE.DE
EMUS.DE (BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF) and ASRE.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF) are both exchange-traded funds - EMUS.DE is a Europe Equities fund tracking the MSCI EMU SRI S-Series PAB 5% Capped, while ASRE.DE is a European Government Bonds fund tracking the J.P. Morgan ESG EMU Government Bond IG 3-5 Year. Both are passively managed. Over the past 5 years, EMUS.DE returned 7.85%/yr vs -0.36%/yr for ASRE.DE. At a 0.12 correlation, their price movements are largely independent. EMUS.DE charges 0.25%/yr vs 0.15%/yr for ASRE.DE.
Performance
EMUS.DE vs. ASRE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMUS.DE achieves a 7.56% return, which is significantly higher than ASRE.DE's -0.12% return.
EMUS.DE
- 1D
- 0.74%
- 1M
- 5.38%
- YTD
- 7.56%
- 6M
- 9.47%
- 1Y
- 12.57%
- 3Y*
- 12.58%
- 5Y*
- 7.85%
- 10Y*
- —
ASRE.DE
- 1D
- 0.06%
- 1M
- 0.36%
- YTD
- -0.12%
- 6M
- -0.11%
- 1Y
- 0.35%
- 3Y*
- 2.70%
- 5Y*
- -0.36%
- 10Y*
- —
EMUS.DE vs. ASRE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMUS.DE BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF | 7.56% | 15.33% | 10.65% | 11.79% | -13.95% | 23.11% |
ASRE.DE BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF | -0.12% | 2.42% | 2.13% | 5.11% | -9.94% | -0.79% |
Correlation
The correlation between EMUS.DE and ASRE.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.12 |
Over the past year, EMUS.DE and ASRE.DE have become more correlated (0.43) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
EMUS.DE vs. ASRE.DE — Risk / Return Rank
EMUS.DE
ASRE.DE
EMUS.DE vs. ASRE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF (EMUS.DE) and BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.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.
| EMUS.DE | ASRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.03 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 0.15 | +1.01 |
| Martin ratioReturn relative to average drawdown | 3.93 | 0.41 | +3.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMUS.DE | ASRE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.14 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | -0.10 | +0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | -0.10 | +0.88 |
Drawdowns
EMUS.DE vs. ASRE.DE - Drawdown Comparison
The maximum EMUS.DE drawdown since its inception was -25.16%, which is greater than ASRE.DE's maximum drawdown of -12.01%. Use the drawdown chart below to compare losses from any high point for EMUS.DE and ASRE.DE.
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Drawdown Indicators
| EMUS.DE | ASRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.16% | -12.01% | -13.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -2.40% | -8.46% |
Max Drawdown (3Y)Largest decline over 3 years | -13.11% | -2.40% | -10.71% |
Max Drawdown (5Y)Largest decline over 5 years | -25.16% | -12.01% | -13.15% |
Current DrawdownCurrent decline from peak | -0.19% | -2.42% | +2.23% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -5.22% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 0.85% | +2.34% |
Volatility
EMUS.DE vs. ASRE.DE - Volatility Comparison
BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF (EMUS.DE) has a higher volatility of 4.25% compared to BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.DE) at 1.03%. This indicates that EMUS.DE's price experiences larger fluctuations and is considered to be riskier than ASRE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMUS.DE | ASRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 1.03% | +3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 11.27% | 2.28% | +8.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.34% | 2.57% | +10.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 3.60% | +13.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 3.52% | +13.83% |
EMUS.DE vs. ASRE.DE - Expense Ratio Comparison
EMUS.DE has a 0.25% expense ratio, which is higher than ASRE.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EMUS.DE vs. ASRE.DE - Dividend Comparison
Neither EMUS.DE nor ASRE.DE has paid dividends to shareholders.
Frequently Asked Questions
EMUS.DE and ASRE.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRE.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for EMUS.DE.
EMUS.DE is categorized as Europe Equities, while ASRE.DE is European Government Bonds. EMUS.DE tracks MSCI EMU SRI S-Series PAB 5% Capped, while ASRE.DE tracks J.P. Morgan ESG EMU Government Bond IG 3-5 Year. Their fees differ too: 0.25% for EMUS.DE and 0.15% for ASRE.DE.
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