SLMG.DE vs. ASRD.DE
SLMG.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc) and ASRD.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged) are both Emerging Markets Bonds funds tracking the JP Morgan ESG EMBI Global Diversified (EUR Hedged), from iShares and BNP Paribas respectively. Both are passively managed. Over the past 5 years, SLMG.DE returned -0.86%/yr vs -0.44%/yr for ASRD.DE. Their correlation of 0.81 suggests significant overlap in exposure. SLMG.DE charges 0.50%/yr vs 0.25%/yr for ASRD.DE.
Performance
SLMG.DE vs. ASRD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SLMG.DE achieves a 0.76% return, which is significantly higher than ASRD.DE's 0.59% return.
SLMG.DE
- 1D
- 0.40%
- 1M
- 0.80%
- YTD
- 0.76%
- 6M
- 1.17%
- 1Y
- 8.09%
- 3Y*
- 6.85%
- 5Y*
- -0.86%
- 10Y*
- —
ASRD.DE
- 1D
- 0.37%
- 1M
- 0.84%
- YTD
- 0.59%
- 6M
- 1.27%
- 1Y
- 8.54%
- 3Y*
- 6.91%
- 5Y*
- -0.44%
- 10Y*
- —
SLMG.DE vs. ASRD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SLMG.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc | 0.76% | 10.91% | 3.21% | 7.05% | -21.25% | -0.05% |
ASRD.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged | 0.59% | 11.16% | 3.52% | 6.69% | -19.97% | 0.96% |
Correlation
The correlation between SLMG.DE and ASRD.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.81 |
The correlation between SLMG.DE and ASRD.DE has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
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Return for Risk
SLMG.DE vs. ASRD.DE — Risk / Return Rank
SLMG.DE
ASRD.DE
SLMG.DE vs. ASRD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.DE) and BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged (ASRD.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.
| SLMG.DE | ASRD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.78 | -0.08 |
| Martin ratioReturn relative to average drawdown | 6.65 | 6.57 | +0.09 |
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
| SLMG.DE | ASRD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.43 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | -0.05 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | -0.00 | 0.00 |
Drawdowns
SLMG.DE vs. ASRD.DE - Drawdown Comparison
The maximum SLMG.DE drawdown since its inception was -31.13%, which is greater than ASRD.DE's maximum drawdown of -29.54%. Use the drawdown chart below to compare losses from any high point for SLMG.DE and ASRD.DE.
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Drawdown Indicators
| SLMG.DE | ASRD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.13% | -29.54% | -1.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.74% | -4.77% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -7.88% | -8.03% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -30.75% | -29.54% | -1.21% |
Current DrawdownCurrent decline from peak | -6.55% | -4.16% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -12.84% | -13.13% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.30% | -0.09% |
Volatility
SLMG.DE vs. ASRD.DE - Volatility Comparison
iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.DE) has a higher volatility of 1.96% compared to BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged (ASRD.DE) at 1.86%. This indicates that SLMG.DE's price experiences larger fluctuations and is considered to be riskier than ASRD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLMG.DE | ASRD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 1.86% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.58% | 4.97% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 5.97% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.36% | 9.06% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.69% | 8.96% | +0.73% |
SLMG.DE vs. ASRD.DE - Expense Ratio Comparison
SLMG.DE has a 0.50% expense ratio, which is higher than ASRD.DE's 0.25% expense ratio.
Dividends
SLMG.DE vs. ASRD.DE - Dividend Comparison
Neither SLMG.DE nor ASRD.DE has paid dividends to shareholders.
Frequently Asked Questions
SLMG.DE and ASRD.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRD.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRD.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for SLMG.DE.
Both ETFs track JP Morgan ESG EMBI Global Diversified (EUR Hedged). They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.50% for SLMG.DE and 0.25% for ASRD.DE.
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