SPFA.DE vs. ASRC.DE
SPFA.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and ASRC.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF) are both Emerging Markets Bonds funds - SPFA.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond while ASRC.DE tracks the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 5 years, SPFA.DE returned 1.46%/yr vs 2.65%/yr for ASRC.DE. A 0.51 correlation means they provide meaningful diversification when combined. SPFA.DE charges 0.55%/yr vs 0.25%/yr for ASRC.DE.
Performance
SPFA.DE vs. ASRC.DE - Performance Comparison
Loading charts...
Different Trading Currencies
SPFA.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, SPFA.DE achieves a 0.46% return, which is significantly lower than ASRC.DE's 2.84% return.
SPFA.DE
- 1D
- -0.01%
- 1M
- 0.39%
- YTD
- 0.46%
- 6M
- 0.45%
- 1Y
- 3.30%
- 3Y*
- 2.58%
- 5Y*
- 1.46%
- 10Y*
- —
ASRC.DE
- 1D
- 0.23%
- 1M
- 1.68%
- YTD
- 2.84%
- 6M
- 2.72%
- 1Y
- 8.98%
- 3Y*
- 6.23%
- 5Y*
- 2.65%
- 10Y*
- —
SPFA.DE vs. ASRC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPFA.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 0.46% | 2.44% | 3.19% | 5.66% | -4.47% | 0.71% |
ASRC.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF | 2.84% | 0.49% | 11.52% | 6.43% | -12.67% | 8.65% |
Correlation
The correlation between SPFA.DE and ASRC.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.51 |
The correlation between SPFA.DE and ASRC.DE has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPFA.DE vs. ASRC.DE — Risk / Return Rank
SPFA.DE
ASRC.DE
SPFA.DE vs. ASRC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SPFA.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.
| SPFA.DE | ASRC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.24 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 3.01 | -2.18 |
| Martin ratioReturn relative to average drawdown | 2.62 | 8.61 | -5.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPFA.DE | ASRC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 1.32 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.28 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.32 | -0.05 |
Drawdowns
SPFA.DE vs. ASRC.DE - Drawdown Comparison
The maximum SPFA.DE drawdown since its inception was -16.39%, which is greater than ASRC.DE's maximum drawdown of -15.59%. Use the drawdown chart below to compare losses from any high point for SPFA.DE and ASRC.DE.
Loading charts...
Drawdown Indicators
| SPFA.DE | ASRC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.39% | -15.59% | -0.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.96% | -2.97% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -7.66% | -12.90% | +5.24% |
Max Drawdown (5Y)Largest decline over 5 years | -8.51% | -15.59% | +7.08% |
Current DrawdownCurrent decline from peak | -3.19% | -0.23% | -2.96% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -6.23% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.04% | +0.22% |
Volatility
SPFA.DE vs. ASRC.DE - Volatility Comparison
SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SPFA.DE) has a higher volatility of 1.83% compared to BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.DE) at 1.62%. This indicates that SPFA.DE's price experiences larger fluctuations and is considered to be riskier than ASRC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPFA.DE | ASRC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 1.62% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 4.51% | 5.09% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.31% | 6.79% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 9.24% | -3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.05% | 9.15% | -2.10% |
SPFA.DE vs. ASRC.DE - Expense Ratio Comparison
SPFA.DE has a 0.55% expense ratio, which is higher than ASRC.DE's 0.25% expense ratio.
Dividends
SPFA.DE vs. ASRC.DE - Dividend Comparison
Neither SPFA.DE nor ASRC.DE has paid dividends to shareholders.
Frequently Asked Questions
SPFA.DE and ASRC.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ASRC.DE is cheaper with a 0.25% expense ratio, compared with 0.55% for SPFA.DE.
SPFA.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond, while ASRC.DE tracks JP Morgan ESG EMBI Global Diversified. They also come from different issuers: State Street and BNP Paribas. Their fees differ too: 0.55% for SPFA.DE and 0.25% for ASRC.DE.
Find the right allocation for SPFA.DE and ASRC.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer