VGEM.DE vs. ASRD.DE
VGEM.DE (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) and ASRD.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged) are both Emerging Markets Bonds funds - VGEM.DE tracks the Bloomberg EM USD Sovereign + Quasi-Sov while ASRD.DE tracks the JP Morgan ESG EMBI Global Diversified (EUR Hedged). Both are passively managed. Over the past 5 years, VGEM.DE returned 2.73%/yr vs -0.44%/yr for ASRD.DE. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
VGEM.DE vs. ASRD.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VGEM.DE achieves a 2.34% return, which is significantly higher than ASRD.DE's 0.59% return.
VGEM.DE
- 1D
- 0.20%
- 1M
- 1.24%
- YTD
- 2.34%
- 6M
- 1.63%
- 1Y
- 6.72%
- 3Y*
- 5.24%
- 5Y*
- 2.73%
- 10Y*
- —
ASRD.DE
- 1D
- 0.37%
- 1M
- 0.84%
- YTD
- 0.59%
- 6M
- 1.27%
- 1Y
- 8.54%
- 3Y*
- 6.91%
- 5Y*
- -0.44%
- 10Y*
- —
VGEM.DE vs. ASRD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VGEM.DE Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 2.34% | -1.55% | 12.06% | 5.25% | -10.22% | 8.00% |
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 VGEM.DE and ASRD.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.38 |
The correlation between VGEM.DE and ASRD.DE shifts across timeframes, from 0.28 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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
VGEM.DE vs. ASRD.DE — Risk / Return Rank
VGEM.DE
ASRD.DE
VGEM.DE vs. ASRD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.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.
| VGEM.DE | ASRD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.26 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.78 | +0.38 |
| Martin ratioReturn relative to average drawdown | 5.71 | 6.57 | -0.86 |
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
| VGEM.DE | ASRD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.43 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | -0.05 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | -0.00 | +0.29 |
Drawdowns
VGEM.DE vs. ASRD.DE - Drawdown Comparison
The maximum VGEM.DE drawdown since its inception was -19.64%, smaller than the maximum ASRD.DE drawdown of -29.54%. Use the drawdown chart below to compare losses from any high point for VGEM.DE and ASRD.DE.
Loading charts...
Drawdown Indicators
| VGEM.DE | ASRD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.64% | -29.54% | +9.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -4.77% | +1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -11.98% | -8.03% | -3.95% |
Max Drawdown (5Y)Largest decline over 5 years | -12.46% | -29.54% | +17.08% |
Current DrawdownCurrent decline from peak | -2.18% | -4.16% | +1.98% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -13.13% | +6.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.30% | -0.13% |
Volatility
VGEM.DE vs. ASRD.DE - Volatility Comparison
The current volatility for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.DE) is 1.18%, while BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged (ASRD.DE) has a volatility of 1.86%. This indicates that VGEM.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.
Loading charts...
Volatility by Period
| VGEM.DE | ASRD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.86% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 3.96% | 4.97% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 5.97% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.89% | 9.06% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.77% | 8.96% | -0.19% |
VGEM.DE vs. ASRD.DE - Expense Ratio Comparison
Both VGEM.DE and ASRD.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VGEM.DE vs. ASRD.DE - Dividend Comparison
VGEM.DE's dividend yield for the trailing twelve months is around 5.06%, while ASRD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VGEM.DE Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.06% | 5.60% | 5.23% | 5.14% | 4.84% | 3.16% | 3.99% | 3.87% | 3.84% | 0.68% |
Frequently Asked Questions
VGEM.DE and ASRD.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VGEM.DE and ASRD.DE have the same expense ratio: 0.25% per year.
VGEM.DE tracks Bloomberg EM USD Sovereign + Quasi-Sov, while ASRD.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged). They also come from different issuers: Vanguard and BNP Paribas.
Find the right allocation for VGEM.DE and ASRD.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