EMWE.DE vs. ASRC.DE

Last updated Jun 5, 2026

EMWE.DE (BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) and ASRC.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF) are both exchange-traded funds - EMWE.DE is a Global Equities fund tracking the MSCI World SRI S-Series PAB 5% Capped, while ASRC.DE is a Emerging Markets Bonds fund tracking the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 5 years, EMWE.DE returned 8.57%/yr vs 2.65%/yr for ASRC.DE. At a 0.36 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.

Performance

EMWE.DE vs. ASRC.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (EMWE.DE) and BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EMWE.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, EMWE.DE achieves a 9.24% return, which is significantly higher than ASRC.DE's 2.84% return.

EMWE.DE

• 1D: 0.48%
• 1M: 5.73%
• YTD: 9.24%
• 6M: 10.02%
• 1Y: 14.00%
• 3Y*: 10.15%
• 5Y*: 8.57%
• 10Y*: —

ASRC.DE

• 1D: 0.23%
• 1M: 1.68%
• YTD: 2.84%
• 6M: 2.72%
• 1Y: 8.98%
• 3Y*: 6.23%
• 5Y*: 2.65%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMWE.DE vs. ASRC.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EMWE.DE BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc	9.24%	0.19%	15.43%	14.90%	-16.11%	33.03%
ASRC.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF	2.84%	0.49%	11.52%	6.43%	-12.67%	8.65%

Correlation

The correlation between EMWE.DE and ASRC.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021	0.36

The correlation between EMWE.DE and ASRC.DE shifts across timeframes, from 0.36 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EMWE.DE vs. ASRC.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMWE.DE

EMWE.DE Risk / Return Rank: 35
EMWE.DE Sharpe Ratio Rank: 34
EMWE.DE Sortino Ratio Rank: 33
EMWE.DE Omega Ratio Rank: 33
EMWE.DE Calmar Ratio Rank: 35
EMWE.DE Martin Ratio Rank: 39

ASRC.DE

ASRC.DE Risk / Return Rank: 60
ASRC.DE Sharpe Ratio Rank: 61
ASRC.DE Sortino Ratio Rank: 69
ASRC.DE Omega Ratio Rank: 65
ASRC.DE Calmar Ratio Rank: 49
ASRC.DE Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMWE.DE vs. ASRC.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (EMWE.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.

	EMWE.DE	ASRC.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.32	-0.13
Sortino ratio: Return per unit of downside risk	1.72	1.97	-0.24
Omega ratio: Gain probability vs. loss probability	1.22	1.24	-0.02
Calmar ratio: Return relative to maximum drawdown	1.69	3.01	-1.33
Martin ratio: Return relative to average drawdown	6.10	8.61	-2.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMWE.DE vs. ASRC.DE - Sharpe Ratio Comparison

The current EMWE.DE Sharpe Ratio is 1.19, which is comparable to the ASRC.DE Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of EMWE.DE and ASRC.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EMWE.DE	ASRC.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	1.32	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.28	+0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.32	+0.38

Drawdowns

EMWE.DE vs. ASRC.DE - Drawdown Comparison

The maximum EMWE.DE drawdown since its inception was -31.05%, which is greater than ASRC.DE's maximum drawdown of -15.59%. Use the drawdown chart below to compare losses from any high point for EMWE.DE and ASRC.DE.

Drawdown Indicators

	EMWE.DE	ASRC.DE	Difference
Max Drawdown Largest peak-to-trough decline	-31.05%	-15.59%	-15.46%
Max Drawdown (1Y) Largest decline over 1 year	-8.26%	-2.97%	-5.29%
Max Drawdown (3Y) Largest decline over 3 years	-20.00%	-12.90%	-7.10%
Max Drawdown (5Y) Largest decline over 5 years	-20.79%	-15.59%	-5.20%
Current Drawdown Current decline from peak	0.00%	-0.23%	+0.23%
Average Drawdown Average peak-to-trough decline	-5.28%	-6.23%	+0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	1.04%	+1.25%

Volatility

EMWE.DE vs. ASRC.DE - Volatility Comparison

BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (EMWE.DE) has a higher volatility of 2.93% compared to BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.DE) at 1.62%. This indicates that EMWE.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.

Volatility by Period

	EMWE.DE	ASRC.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	1.62%	+1.31%
Volatility (6M) Calculated over the trailing 6-month period	8.57%	5.09%	+3.48%
Volatility (1Y) Calculated over the trailing 1-year period	11.74%	6.79%	+4.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.46%	9.24%	+5.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.52%	9.15%	+6.37%

EMWE.DE vs. ASRC.DE - Expense Ratio Comparison

Both EMWE.DE and ASRC.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

EMWE.DE vs. ASRC.DE - Dividend Comparison

Neither EMWE.DE nor ASRC.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EMWE.DE and ASRC.DE in my portfolio?

EMWE.DE and ASRC.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMWE.DE or ASRC.DE?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EMWE.DE or ASRC.DE?

EMWE.DE and ASRC.DE have the same expense ratio: 0.25% per year.

What is the main difference between EMWE.DE and ASRC.DE?

EMWE.DE is categorized as Global Equities, while ASRC.DE is Emerging Markets Bonds. EMWE.DE tracks MSCI World SRI S-Series PAB 5% Capped, while ASRC.DE tracks JP Morgan ESG EMBI Global Diversified.