UEFE.DE vs. ASRD.DE
UEFE.DE (UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis) and ASRD.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged) are both Emerging Markets Bonds funds - UEFE.DE tracks the JP Morgan Emerging Markets Multi-Factor Enhanced Local Currency Bond while ASRD.DE tracks the JP Morgan ESG EMBI Global Diversified (EUR Hedged). Both are passively managed. Over the past 5 years, UEFE.DE returned 4.93%/yr vs -0.44%/yr for ASRD.DE. At a 0.23 correlation, their price movements are largely independent. UEFE.DE charges 0.40%/yr vs 0.25%/yr for ASRD.DE.
Performance
UEFE.DE vs. ASRD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEFE.DE achieves a 2.04% return, which is significantly higher than ASRD.DE's 0.59% return.
UEFE.DE
- 1D
- -0.42%
- 1M
- 1.09%
- YTD
- 2.04%
- 6M
- 2.04%
- 1Y
- 7.90%
- 3Y*
- 7.16%
- 5Y*
- 4.93%
- 10Y*
- —
ASRD.DE
- 1D
- 0.37%
- 1M
- 0.28%
- YTD
- 0.59%
- 6M
- 1.09%
- 1Y
- 8.78%
- 3Y*
- 6.91%
- 5Y*
- -0.44%
- 10Y*
- —
UEFE.DE vs. ASRD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UEFE.DE UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis | 2.04% | 5.88% | 6.93% | 15.75% | -6.22% | 1.92% |
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 UEFE.DE and ASRD.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.23 |
The correlation between UEFE.DE and ASRD.DE shifts across timeframes, from 0.13 (1 year) to 0.24 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
UEFE.DE vs. ASRD.DE — Risk / Return Rank
UEFE.DE
ASRD.DE
UEFE.DE vs. ASRD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (UEFE.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.
| UEFE.DE | ASRD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.78 | +0.27 |
| Martin ratioReturn relative to average drawdown | 7.08 | 6.57 | +0.52 |
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
| UEFE.DE | ASRD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.43 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | -0.05 | +0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | -0.00 | +0.67 |
Drawdowns
UEFE.DE vs. ASRD.DE - Drawdown Comparison
The maximum UEFE.DE drawdown since its inception was -23.72%, smaller than the maximum ASRD.DE drawdown of -29.54%. Use the drawdown chart below to compare losses from any high point for UEFE.DE and ASRD.DE.
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Drawdown Indicators
| UEFE.DE | ASRD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -29.54% | +5.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -4.77% | +0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -8.02% | -8.03% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -12.46% | -29.54% | +17.08% |
Current DrawdownCurrent decline from peak | -1.03% | -4.16% | +3.13% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -13.13% | +8.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.30% | -0.16% |
Volatility
UEFE.DE vs. ASRD.DE - Volatility Comparison
UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (UEFE.DE) and BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged (ASRD.DE) have volatilities of 1.93% and 1.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEFE.DE | ASRD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 1.86% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.64% | 4.97% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 5.97% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 9.06% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.82% | 8.96% | +0.86% |
UEFE.DE vs. ASRD.DE - Expense Ratio Comparison
UEFE.DE has a 0.40% expense ratio, which is higher than ASRD.DE's 0.25% expense ratio.
Dividends
UEFE.DE vs. ASRD.DE - Dividend Comparison
UEFE.DE's dividend yield for the trailing twelve months is around 4.67%, while ASRD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ASRD.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UEFE.DE UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis | 4.67% | 5.37% | 7.09% | 8.64% | 6.79% | 8.96% | 9.53% | 9.22% |
Frequently Asked Questions
UEFE.DE and ASRD.DE have a correlation of 0.13, 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 0.40% for UEFE.DE.
UEFE.DE tracks JP Morgan Emerging Markets Multi-Factor Enhanced Local Currency Bond, while ASRD.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged). They also come from different issuers: UBS and BNP Paribas. Their fees differ too: 0.40% for UEFE.DE and 0.25% for ASRD.DE.
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