SNAZ.DE vs. ASRC.DE

Last updated Jul 4, 2026

SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) and ASRC.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF) are both Emerging Markets Bonds funds - SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged) while ASRC.DE tracks the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 5 years, SNAZ.DE returned -0.08%/yr vs 2.50%/yr for ASRC.DE. At a 0.34 correlation, their price movements are largely independent. SNAZ.DE charges 0.53%/yr vs 0.25%/yr for ASRC.DE.

Performance

SNAZ.DE vs. ASRC.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.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

SNAZ.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, SNAZ.DE achieves a 0.98% return, which is significantly lower than ASRC.DE's 4.95% return.

SNAZ.DE

• 1D: 0.39%
• 1M: 0.39%
• 6M: 0.98%
• YTD: 0.98%
• 1Y: 4.05%
• 3Y*: 5.08%
• 5Y*: -0.08%
• 10Y*: —

ASRC.DE

• 1D: 0.00%
• 1M: 2.29%
• 6M: 5.05%
• YTD: 4.95%
• 1Y: 12.13%
• 3Y*: 6.85%
• 5Y*: 2.50%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)	0.98%	6.26%	4.36%	5.28%	-14.17%	-1.17%
ASRC.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF	4.95%	0.49%	11.52%	6.43%	-12.67%	6.68%

Correlation

The correlation between SNAZ.DE and ASRC.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021	0.34

Return for Risk

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

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

SNAZ.DE

SNAZ.DE Risk / Return Rank: 39
SNAZ.DE Sharpe Ratio Rank: 39
SNAZ.DE Sortino Ratio Rank: 41
SNAZ.DE Omega Ratio Rank: 43
SNAZ.DE Calmar Ratio Rank: 32
SNAZ.DE Martin Ratio Rank: 38

ASRC.DE

ASRC.DE Risk / Return Rank: 59
ASRC.DE Sharpe Ratio Rank: 60
ASRC.DE Sortino Ratio Rank: 69
ASRC.DE Omega Ratio Rank: 64
ASRC.DE Calmar Ratio Rank: 48
ASRC.DE Martin Ratio Rank: 55

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.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.

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.

	SNAZ.DE	ASRC.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.77	-0.57
Sortino ratio: Return per unit of downside risk	1.82	2.65	-0.83
Omega ratio: Gain probability vs. loss probability	1.24	1.33	-0.09
Calmar ratio: Return relative to maximum drawdown	1.39	4.07	-2.68
Martin ratio: Return relative to average drawdown	5.14	11.99	-6.85

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

The current SNAZ.DE Sharpe Ratio is 1.20, which is lower than the ASRC.DE Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of SNAZ.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.

Drawdowns

SNAZ.DE vs. ASRC.DE - Drawdown Comparison

The maximum SNAZ.DE drawdown since its inception was -21.88%, which is greater than ASRC.DE's maximum drawdown of -15.63%. Use the drawdown chart below to compare losses from any high point for SNAZ.DE and ASRC.DE.

Drawdown Indicators

	SNAZ.DE	ASRC.DE	Difference
Max Drawdown Largest peak-to-trough decline	-21.88%	-15.63%	-6.25%
Max Drawdown (1Y) Largest decline over 1 year	-2.91%	-2.97%	+0.06%
Max Drawdown (3Y) Largest decline over 3 years	-3.82%	-12.90%	+9.08%
Max Drawdown (5Y) Largest decline over 5 years	-21.88%	-15.63%	-6.25%
Current Drawdown Current decline from peak	-1.34%	-0.79%	-0.55%
Average Drawdown Average peak-to-trough decline	-7.64%	-6.16%	-1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	1.01%	-0.22%

Volatility

SNAZ.DE vs. ASRC.DE - Volatility Comparison

The current volatility for iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) is 0.91%, while BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.DE) has a volatility of 1.51%. This indicates that SNAZ.DE experiences smaller price fluctuations and is considered to be less risky than ASRC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNAZ.DE	ASRC.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.91%	1.51%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	2.72%	5.17%	-2.45%
Volatility (1Y) Calculated over the trailing 1-year period	3.36%	6.83%	-3.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.06%	9.25%	-4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.65%	9.11%	-1.46%

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

SNAZ.DE has a 0.53% expense ratio, which is higher than ASRC.DE's 0.25% expense ratio.

Dividends

SNAZ.DE vs. ASRC.DE - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

SNAZ.DE and ASRC.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, ASRC.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

ASRC.DE is cheaper with a 0.25% expense ratio, compared with 0.53% for SNAZ.DE.

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

SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged), while ASRC.DE tracks JP Morgan ESG EMBI Global Diversified. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.53% for SNAZ.DE and 0.25% for ASRC.DE.