QDVL.DE vs. ASR3.DE
QDVL.DE (iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR (Dist)) and ASR3.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF) are both European Corporate Bonds funds - QDVL.DE tracks the Bloomberg MSCI Euro Corporate 0-3 Sustainable SRI while ASR3.DE tracks the Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB. Both are passively managed. Over the past 5 years, QDVL.DE returned 1.61%/yr vs 1.32%/yr for ASR3.DE. A 0.56 correlation means they provide meaningful diversification when combined. QDVL.DE charges 0.12%/yr vs 0.20%/yr for ASR3.DE.
Performance
QDVL.DE vs. ASR3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVL.DE achieves a 0.74% return, which is significantly higher than ASR3.DE's 0.52% return.
QDVL.DE
- 1D
- 0.04%
- 1M
- 0.35%
- YTD
- 0.74%
- 6M
- 0.74%
- 1Y
- 1.95%
- 3Y*
- 3.75%
- 5Y*
- 1.61%
- 10Y*
- 0.90%
ASR3.DE
- 1D
- 0.21%
- 1M
- 0.57%
- YTD
- 0.52%
- 6M
- 0.54%
- 1Y
- 1.79%
- 3Y*
- 3.90%
- 5Y*
- 1.32%
- 10Y*
- —
QDVL.DE vs. ASR3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QDVL.DE iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR (Dist) | 0.74% | 2.81% | 4.24% | 4.30% | -3.63% | -0.34% | 0.56% | 0.10% |
ASR3.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF | 0.52% | 2.90% | 4.41% | 4.76% | -5.36% | -0.22% | 0.46% | 0.11% |
Correlation
The correlation between QDVL.DE and ASR3.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2019 | 0.56 |
The correlation between QDVL.DE and ASR3.DE has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.
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Return for Risk
QDVL.DE vs. ASR3.DE — Risk / Return Rank
QDVL.DE
ASR3.DE
QDVL.DE vs. ASR3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR (Dist) (QDVL.DE) and BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.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.
| QDVL.DE | ASR3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.21 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.29 | +0.79 |
| Martin ratioReturn relative to average drawdown | 8.99 | 4.87 | +4.12 |
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
| QDVL.DE | ASR3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.00 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.62 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.48 | -0.17 |
Drawdowns
QDVL.DE vs. ASR3.DE - Drawdown Comparison
The maximum QDVL.DE drawdown since its inception was -8.22%, which is greater than ASR3.DE's maximum drawdown of -6.86%. Use the drawdown chart below to compare losses from any high point for QDVL.DE and ASR3.DE.
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Drawdown Indicators
| QDVL.DE | ASR3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.22% | -6.86% | -1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -0.93% | -1.38% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -0.93% | -1.38% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -4.90% | -6.86% | +1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -8.22% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -0.08% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -1.54% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 0.37% | -0.15% |
Volatility
QDVL.DE vs. ASR3.DE - Volatility Comparison
The current volatility for iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR (Dist) (QDVL.DE) is 0.34%, while BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.DE) has a volatility of 0.56%. This indicates that QDVL.DE experiences smaller price fluctuations and is considered to be less risky than ASR3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVL.DE | ASR3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 0.56% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 1.02% | 1.55% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.18% | 1.78% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.58% | 2.09% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.86% | 2.26% | +0.60% |
QDVL.DE vs. ASR3.DE - Expense Ratio Comparison
QDVL.DE has a 0.12% expense ratio, which is lower than ASR3.DE's 0.20% 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
QDVL.DE vs. ASR3.DE - Dividend Comparison
QDVL.DE's dividend yield for the trailing twelve months is around 2.91%, more than ASR3.DE's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ASR3.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF | 1.98% | 2.97% | 3.58% | 0.93% | 1.02% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QDVL.DE iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR (Dist) | 2.91% | 3.04% | 2.95% | 1.95% | 0.31% | 0.13% | 0.23% | 0.27% | 0.13% | 0.12% | 0.17% |
Frequently Asked Questions
QDVL.DE and ASR3.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVL.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVL.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for ASR3.DE.
QDVL.DE tracks Bloomberg MSCI Euro Corporate 0-3 Sustainable SRI, while ASR3.DE tracks Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.12% for QDVL.DE and 0.20% for ASR3.DE.
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