VALD.DE vs. ASRM.DE

Last updated Jun 5, 2026

VALD.DE (BNP Paribas Easy ESG Value Europe UCITS ETF) and ASRM.DE (BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF) are both exchange-traded funds - VALD.DE is a Europe Equities fund tracking the BNP Paribas Value Europe ESG, while ASRM.DE is a REIT fund tracking the FTSE EPRA Nareit Developed Green EU CTB. Both are passively managed. At a 0.03 correlation, their price movements are largely independent. VALD.DE charges 0.30%/yr vs 0.40%/yr for ASRM.DE.

Performance

VALD.DE vs. ASRM.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy ESG Value Europe UCITS ETF (VALD.DE) and BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF (ASRM.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VALD.DE

• 1D: 0.88%
• 1M: 1.88%
• YTD: 10.40%
• 6M: 13.48%
• 1Y: 18.73%
• 3Y*: 16.67%
• 5Y*: 7.81%
• 10Y*: —

ASRM.DE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VALD.DE vs. ASRM.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF	10.40%	23.55%	9.24%	14.99%	-19.44%	23.32%	-12.12%	17.75%	-12.42%	14.18%
ASRM.DE BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF	0.00%	0.00%	-78.40%	-3.99%	-3.83%	0.89%	-16.42%	-14.47%	3.07%	-5.00%

Correlation

The correlation between VALD.DE and ASRM.DE is 0.07, 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	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (All Time) Calculated using the full available price history since Feb 15, 2017	0.03

Return for Risk

VALD.DE vs. ASRM.DE — Risk / Return Rank

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

VALD.DE

VALD.DE Risk / Return Rank: 49
VALD.DE Sharpe Ratio Rank: 47
VALD.DE Sortino Ratio Rank: 47
VALD.DE Omega Ratio Rank: 48
VALD.DE Calmar Ratio Rank: 50
VALD.DE Martin Ratio Rank: 50

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.

VALD.DE vs. ASRM.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ESG Value Europe UCITS ETF (VALD.DE) and BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF (ASRM.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.

	VALD.DE	ASRM.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.62	—	—
Sortino ratio: Return per unit of downside risk	2.30	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.47	—	—
Martin ratio: Return relative to average drawdown	8.35	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VALD.DE	ASRM.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	—	—

Drawdowns

Drawdown Indicators

	VALD.DE	ASRM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-41.02%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.54%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.14%	—	—
Current Drawdown Current decline from peak	-0.96%	—	—
Average Drawdown Average peak-to-trough decline	-8.18%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	—	—

Volatility

Volatility by Period

	VALD.DE	ASRM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.54%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.41%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.89%	—	—

VALD.DE vs. ASRM.DE - Expense Ratio Comparison

VALD.DE has a 0.30% expense ratio, which is lower than ASRM.DE's 0.40% expense ratio.

Dividends

VALD.DE vs. ASRM.DE - Dividend Comparison

VALD.DE's dividend yield for the trailing twelve months is around 3.00%, while ASRM.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ASRM.DE BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF	3.00%	3.36%	3.35%	3.36%	3.99%	2.17%	5.02%	4.92%	4.84%

Frequently Asked Questions

Can I hold both VALD.DE and ASRM.DE in my portfolio?

VALD.DE and ASRM.DE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VALD.DE or ASRM.DE?

On fees, VALD.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VALD.DE or ASRM.DE?

VALD.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for ASRM.DE.

What is the main difference between VALD.DE and ASRM.DE?

VALD.DE is categorized as Europe Equities, while ASRM.DE is REIT. VALD.DE tracks BNP Paribas Value Europe ESG, while ASRM.DE tracks FTSE EPRA Nareit Developed Green EU CTB. Their fees differ too: 0.30% for VALD.DE and 0.40% for ASRM.DE.