JBEM.DE vs. ASRS.DE

Last updated Jun 26, 2026

JBEM.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF) and ASRS.DE (BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation) are both exchange-traded funds - JBEM.DE is a European Government Bonds fund tracking the J.P. Morgan ESG EMU Government Bond IG Index, while ASRS.DE is a Alternative Energy Equities fund tracking the ECPI Global ESG Hydrogen Economy (NR) Index. Both are passively managed. Over the past 3 years, JBEM.DE returned 2.25%/yr vs 15.07%/yr for ASRS.DE. At a 0.19 correlation, their price movements are largely independent. JBEM.DE charges 0.15%/yr vs 0.30%/yr for ASRS.DE.

Performance

JBEM.DE vs. ASRS.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF (JBEM.DE) and BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation (ASRS.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JBEM.DE achieves a 1.27% return, which is significantly lower than ASRS.DE's 25.73% return.

JBEM.DE

• 1D: 0.10%
• 1M: 0.84%
• YTD: 1.27%
• 6M: 1.37%
• 1Y: 1.05%
• 3Y*: 2.25%
• 5Y*: -2.11%
• 10Y*: —

ASRS.DE

• 1D: 0.00%
• 1M: -2.71%
• YTD: 25.73%
• 6M: 26.81%
• 1Y: 58.95%
• 3Y*: 15.07%
• 5Y*: —
• 10Y*: —

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

JBEM.DE vs. ASRS.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JBEM.DE BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF	1.27%	0.42%	1.18%	6.64%	-14.40%
ASRS.DE BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation	25.73%	32.28%	-6.37%	-3.66%	-7.70%

Correlation

The correlation between JBEM.DE and ASRS.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022	0.19

The correlation between JBEM.DE and ASRS.DE shifts across timeframes, from 0.19 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JBEM.DE vs. ASRS.DE — Risk / Return Rank

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

JBEM.DE

JBEM.DE Risk / Return Rank: 11
JBEM.DE Sharpe Ratio Rank: 12
JBEM.DE Sortino Ratio Rank: 10
JBEM.DE Omega Ratio Rank: 10
JBEM.DE Calmar Ratio Rank: 12
JBEM.DE Martin Ratio Rank: 12

ASRS.DE

ASRS.DE Risk / Return Rank: 94
ASRS.DE Sharpe Ratio Rank: 95
ASRS.DE Sortino Ratio Rank: 94
ASRS.DE Omega Ratio Rank: 91
ASRS.DE Calmar Ratio Rank: 96
ASRS.DE Martin Ratio Rank: 94

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.

JBEM.DE vs. ASRS.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF (JBEM.DE) and BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation (ASRS.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.

	JBEM.DE	ASRS.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.25	3.28	-3.03
Sortino ratio: Return per unit of downside risk	0.39	4.19	-3.80
Omega ratio: Gain probability vs. loss probability	1.05	1.52	-0.47
Calmar ratio: Return relative to maximum drawdown	0.33	7.71	-7.38
Martin ratio: Return relative to average drawdown	0.79	24.16	-23.37

JBEM.DE vs. ASRS.DE - Sharpe Ratio Comparison

The current JBEM.DE Sharpe Ratio is 0.25, which is lower than the ASRS.DE Sharpe Ratio of 3.28. The chart below compares the historical Sharpe Ratios of JBEM.DE and ASRS.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.

Drawdowns

JBEM.DE vs. ASRS.DE - Drawdown Comparison

The maximum JBEM.DE drawdown since its inception was -22.48%, smaller than the maximum ASRS.DE drawdown of -36.11%. Use the drawdown chart below to compare losses from any high point for JBEM.DE and ASRS.DE.

Drawdown Indicators

	JBEM.DE	ASRS.DE	Difference
Max Drawdown Largest peak-to-trough decline	-22.48%	-36.11%	+13.63%
Max Drawdown (1Y) Largest decline over 1 year	-3.21%	-7.68%	+4.47%
Max Drawdown (3Y) Largest decline over 3 years	-3.95%	-25.09%	+21.14%
Max Drawdown (5Y) Largest decline over 5 years	-21.49%	—	—
Current Drawdown Current decline from peak	-13.76%	-2.71%	-11.05%
Average Drawdown Average peak-to-trough decline	-10.59%	-15.56%	+4.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.33%	2.45%	-1.12%

Volatility

JBEM.DE vs. ASRS.DE - Volatility Comparison

The current volatility for BNP Paribas Easy JPM ESG EMU Government Bond IG UCITS ETF (JBEM.DE) is 1.10%, while BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation (ASRS.DE) has a volatility of 4.44%. This indicates that JBEM.DE experiences smaller price fluctuations and is considered to be less risky than ASRS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JBEM.DE	ASRS.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	4.44%	-3.34%
Volatility (6M) Calculated over the trailing 6-month period	3.51%	13.23%	-9.72%
Volatility (1Y) Calculated over the trailing 1-year period	4.18%	18.06%	-13.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.18%	18.05%	-11.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.72%	18.05%	-12.33%

JBEM.DE vs. ASRS.DE - Expense Ratio Comparison

JBEM.DE has a 0.15% expense ratio, which is lower than ASRS.DE's 0.30% expense ratio.

Dividends

JBEM.DE vs. ASRS.DE - Dividend Comparison

Neither JBEM.DE nor ASRS.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JBEM.DE and ASRS.DE in my portfolio?

JBEM.DE and ASRS.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JBEM.DE or ASRS.DE?

On fees, JBEM.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JBEM.DE or ASRS.DE?

JBEM.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for ASRS.DE.

What is the main difference between JBEM.DE and ASRS.DE?

JBEM.DE is categorized as European Government Bonds, while ASRS.DE is Alternative Energy Equities. JBEM.DE tracks J.P. Morgan ESG EMU Government Bond IG Index, while ASRS.DE tracks ECPI Global ESG Hydrogen Economy (NR) Index. Their fees differ too: 0.15% for JBEM.DE and 0.30% for ASRS.DE.