SPFD.DE vs. ASRC.DE
SPFD.DE (State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc)) and ASRC.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF) are both Emerging Markets Bonds funds - SPFD.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond Index (EUR Hedged) while ASRC.DE tracks the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 5 years, SPFD.DE returned -1.83%/yr vs 2.65%/yr for ASRC.DE. At a 0.07 correlation, their price movements are largely independent. SPFD.DE charges 0.60%/yr vs 0.25%/yr for ASRC.DE.
Performance
SPFD.DE vs. ASRC.DE - Performance Comparison
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Different Trading Currencies
SPFD.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, SPFD.DE achieves a -1.76% return, which is significantly lower than ASRC.DE's 2.84% return.
SPFD.DE
- 1D
- 0.08%
- 1M
- -0.48%
- YTD
- -1.76%
- 6M
- -1.05%
- 1Y
- 2.41%
- 3Y*
- 2.99%
- 5Y*
- -1.83%
- 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*
- —
SPFD.DE vs. ASRC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPFD.DE State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) | -1.76% | 12.45% | -4.39% | 6.63% | -12.77% | -7.29% |
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 SPFD.DE and ASRC.DE is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.07 |
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Return for Risk
SPFD.DE vs. ASRC.DE — Risk / Return Rank
SPFD.DE
ASRC.DE
SPFD.DE vs. ASRC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) (SPFD.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.
| SPFD.DE | ASRC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.24 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 3.01 | -2.66 |
| Martin ratioReturn relative to average drawdown | 1.09 | 8.61 | -7.52 |
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
| SPFD.DE | ASRC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.32 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | 0.28 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.32 | -0.45 |
Drawdowns
SPFD.DE vs. ASRC.DE - Drawdown Comparison
The maximum SPFD.DE drawdown since its inception was -28.91%, 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 SPFD.DE and ASRC.DE.
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Drawdown Indicators
| SPFD.DE | ASRC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.91% | -15.59% | -13.32% |
Max Drawdown (1Y)Largest decline over 1 year | -6.70% | -2.97% | -3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -9.24% | -12.90% | +3.66% |
Max Drawdown (5Y)Largest decline over 5 years | -26.77% | -15.59% | -11.18% |
Current DrawdownCurrent decline from peak | -11.71% | -0.23% | -11.48% |
Average DrawdownAverage peak-to-trough decline | -13.46% | -6.23% | -7.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 1.04% | +1.18% |
Volatility
SPFD.DE vs. ASRC.DE - Volatility Comparison
State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) (SPFD.DE) has a higher volatility of 2.53% compared to BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.DE) at 1.62%. This indicates that SPFD.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.
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Volatility by Period
| SPFD.DE | ASRC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 1.62% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 6.38% | 5.09% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.27% | 6.79% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.94% | 9.24% | -1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.88% | 9.15% | -0.27% |
SPFD.DE vs. ASRC.DE - Expense Ratio Comparison
SPFD.DE has a 0.60% expense ratio, which is higher than ASRC.DE's 0.25% expense ratio.
Dividends
SPFD.DE vs. ASRC.DE - Dividend Comparison
Neither SPFD.DE nor ASRC.DE has paid dividends to shareholders.
Frequently Asked Questions
SPFD.DE and ASRC.DE have a correlation of 0.06, 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 0.60% for SPFD.DE.
SPFD.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond Index (EUR Hedged), 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: 0.60% for SPFD.DE and 0.25% for ASRC.DE.
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