SNAZ.DE vs. ASRD.DE
SNAZ.DE (iShares J.P. Morgan $ EM Corp 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 - SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged) while ASRD.DE tracks the JP Morgan ESG EMBI Global Diversified (EUR Hedged). Both are passively managed. Over the past 5 years, SNAZ.DE returned -0.08%/yr vs -0.46%/yr for ASRD.DE. A 0.62 correlation means they provide meaningful diversification when combined. SNAZ.DE charges 0.53%/yr vs 0.25%/yr for ASRD.DE.
Performance
SNAZ.DE vs. ASRD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SNAZ.DE having a 0.98% return and ASRD.DE slightly lower at 0.96%.
SNAZ.DE
- 1D
- 0.39%
- 1M
- 0.39%
- 6M
- 0.98%
- YTD
- 0.98%
- 1Y
- 4.05%
- 3Y*
- 5.08%
- 5Y*
- -0.08%
- 10Y*
- —
ASRD.DE
- 1D
- 0.00%
- 1M
- 0.74%
- 6M
- 1.40%
- YTD
- 0.96%
- 1Y
- 6.57%
- 3Y*
- 6.50%
- 5Y*
- -0.46%
- 10Y*
- —
SNAZ.DE vs. ASRD.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% |
ASRD.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged | 0.96% | 11.16% | 3.52% | 6.69% | -19.97% | -1.25% |
Correlation
The correlation between SNAZ.DE and ASRD.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021 | 0.62 |
The correlation between SNAZ.DE and ASRD.DE has been stable across timeframes, ranging from 0.56 to 0.64 - a consistent structural relationship.
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Return for Risk
SNAZ.DE vs. ASRD.DE — Risk / Return Rank
SNAZ.DE
ASRD.DE
SNAZ.DE vs. ASRD.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 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.
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 | ASRD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.37 | +0.02 |
| Martin ratioReturn relative to average drawdown | 5.14 | 4.97 | +0.17 |
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Drawdowns
SNAZ.DE vs. ASRD.DE - Drawdown Comparison
The maximum SNAZ.DE drawdown since its inception was -21.88%, smaller than the maximum ASRD.DE drawdown of -29.54%. Use the drawdown chart below to compare losses from any high point for SNAZ.DE and ASRD.DE.
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Drawdown Indicators
| SNAZ.DE | ASRD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -29.54% | +7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -4.77% | +1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -8.03% | +4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -29.54% | +7.66% |
Current DrawdownCurrent decline from peak | -1.34% | -3.81% | +2.47% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -12.84% | +5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.31% | -0.52% |
Volatility
SNAZ.DE vs. ASRD.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 EUR Hedged (ASRD.DE) has a volatility of 1.20%. This indicates that SNAZ.DE experiences smaller price fluctuations and is considered to be less risky 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
| SNAZ.DE | ASRD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.20% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 4.97% | -2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 5.95% | -2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.06% | 9.04% | -3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 8.85% | -1.20% |
SNAZ.DE vs. ASRD.DE - Expense Ratio Comparison
SNAZ.DE has a 0.53% expense ratio, which is higher than ASRD.DE's 0.25% expense ratio.
Dividends
SNAZ.DE vs. ASRD.DE - Dividend Comparison
Neither SNAZ.DE nor ASRD.DE has paid dividends to shareholders.
Frequently Asked Questions
SNAZ.DE and ASRD.DE have a correlation of 0.56, 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 0.53% for SNAZ.DE.
SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged), while ASRD.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged). They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.53% for SNAZ.DE and 0.25% for ASRD.DE.
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