EUNR.DE vs. ASRT.DE
EUNR.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist)) and ASRT.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Dist) are both European Corporate Bonds funds - EUNR.DE tracks the Bloomberg Euro Corporate ex-Financials Bond while ASRT.DE tracks the Bloomberg MSCI Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB. Both are passively managed. Over the past 3 years, EUNR.DE returned 4.19%/yr vs 4.70%/yr for ASRT.DE. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.20% expense ratio.
Performance
EUNR.DE vs. ASRT.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EUNR.DE having a 1.25% return and ASRT.DE slightly higher at 1.26%.
EUNR.DE
- 1D
- 0.05%
- 1M
- 0.75%
- YTD
- 1.25%
- 6M
- 1.43%
- 1Y
- 2.33%
- 3Y*
- 4.19%
- 5Y*
- -0.11%
- 10Y*
- 0.82%
ASRT.DE
- 1D
- 0.00%
- 1M
- 0.67%
- YTD
- 1.26%
- 6M
- 1.48%
- 1Y
- 2.34%
- 3Y*
- 4.70%
- 5Y*
- —
- 10Y*
- —
EUNR.DE vs. ASRT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EUNR.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) | 1.25% | 2.63% | 3.48% | 7.31% | -8.18% |
ASRT.DE BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Dist | 1.26% | 2.88% | 4.14% | 7.70% | -9.48% |
Correlation
The correlation between EUNR.DE and ASRT.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2022 | 0.96 |
The correlation between EUNR.DE and ASRT.DE has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
EUNR.DE vs. ASRT.DE — Risk / Return Rank
EUNR.DE
ASRT.DE
EUNR.DE vs. ASRT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) (EUNR.DE) and BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Dist (ASRT.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.
| EUNR.DE | ASRT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.14 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.82 | +0.06 |
| Martin ratioReturn relative to average drawdown | 2.87 | 2.66 | +0.21 |
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Drawdowns
EUNR.DE vs. ASRT.DE - Drawdown Comparison
The maximum EUNR.DE drawdown since its inception was -17.49%, which is greater than ASRT.DE's maximum drawdown of -12.13%. Use the drawdown chart below to compare losses from any high point for EUNR.DE and ASRT.DE.
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Drawdown Indicators
| EUNR.DE | ASRT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.49% | -12.13% | -5.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -2.87% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -2.87% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.49% | — | — |
Current DrawdownCurrent decline from peak | -2.20% | -0.15% | -2.05% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -3.66% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.88% | -0.07% |
Volatility
EUNR.DE vs. ASRT.DE - Volatility Comparison
The current volatility for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) (EUNR.DE) is 0.70%, while BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Dist (ASRT.DE) has a volatility of 0.84%. This indicates that EUNR.DE experiences smaller price fluctuations and is considered to be less risky than ASRT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNR.DE | ASRT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.84% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 2.92% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 3.33% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.58% | 5.05% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 5.05% | -0.51% |
EUNR.DE vs. ASRT.DE - Expense Ratio Comparison
Both EUNR.DE and ASRT.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
EUNR.DE vs. ASRT.DE - Dividend Comparison
EUNR.DE's dividend yield for the trailing twelve months is around 2.80%, more than ASRT.DE's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASRT.DE BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Dist | 2.47% | 3.29% | 3.49% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUNR.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) | 2.80% | 2.65% | 2.25% | 1.50% | 0.90% | 0.81% | 0.88% | 1.25% | 1.35% | 1.42% | 1.84% | 1.03% |
Frequently Asked Questions
With a correlation of 0.91, EUNR.DE and ASRT.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUNR.DE and ASRT.DE have the same expense ratio: 0.20% per year.
EUNR.DE tracks Bloomberg Euro Corporate ex-Financials Bond, while ASRT.DE tracks Bloomberg MSCI Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB. They also come from different issuers: iShares and BNP Paribas Asset Management Luxembourg.
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