VLEU.DE vs. ASWA.DE
VLEU.DE (BNP Paribas Easy ESG Low Volatility Europe UCITS ETF) and ASWA.DE (HANetf European Green Deal UCITS ETF Acc) are both Europe Equities funds - VLEU.DE tracks the BNP Paribas Low Vol Europe ESG while ASWA.DE tracks the SGI European Green Deal ESG Screened. Both are passively managed. Over the past year, VLEU.DE returned 6.35% vs 0.26% for ASWA.DE. At a 0.45 correlation, their price movements are largely independent. VLEU.DE charges 0.30%/yr vs 0.60%/yr for ASWA.DE.
Performance
VLEU.DE vs. ASWA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VLEU.DE achieves a 4.90% return, which is significantly higher than ASWA.DE's -10.58% return.
VLEU.DE
- 1D
- 0.81%
- 1M
- 0.97%
- YTD
- 4.90%
- 6M
- 6.83%
- 1Y
- 6.35%
- 3Y*
- 10.05%
- 5Y*
- 7.63%
- 10Y*
- —
ASWA.DE
- 1D
- -0.09%
- 1M
- 0.41%
- YTD
- -10.58%
- 6M
- -9.71%
- 1Y
- 0.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VLEU.DE vs. ASWA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VLEU.DE BNP Paribas Easy ESG Low Volatility Europe UCITS ETF | 4.90% | 12.78% | 10.91% | 3.27% |
ASWA.DE HANetf European Green Deal UCITS ETF Acc | -10.58% | 26.07% | -11.37% | -2.40% |
Correlation
The correlation between VLEU.DE and ASWA.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2023 | 0.45 |
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Return for Risk
VLEU.DE vs. ASWA.DE — Risk / Return Rank
VLEU.DE
ASWA.DE
VLEU.DE vs. ASWA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLEU.DE) and HANetf European Green Deal UCITS ETF Acc (ASWA.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.
| VLEU.DE | ASWA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.06 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.01 | +0.61 |
| Martin ratioReturn relative to average drawdown | 1.83 | 0.03 | +1.81 |
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
| VLEU.DE | ASWA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.01 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | -0.04 | +0.79 |
Drawdowns
VLEU.DE vs. ASWA.DE - Drawdown Comparison
The maximum VLEU.DE drawdown since its inception was -32.22%, which is greater than ASWA.DE's maximum drawdown of -30.36%. Use the drawdown chart below to compare losses from any high point for VLEU.DE and ASWA.DE.
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Drawdown Indicators
| VLEU.DE | ASWA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.22% | -30.36% | -1.86% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -30.36% | +20.22% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.89% | — | — |
Current DrawdownCurrent decline from peak | -4.49% | -23.85% | +19.36% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -8.15% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 10.54% | -7.08% |
Volatility
VLEU.DE vs. ASWA.DE - Volatility Comparison
The current volatility for BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLEU.DE) is 3.76%, while HANetf European Green Deal UCITS ETF Acc (ASWA.DE) has a volatility of 7.52%. This indicates that VLEU.DE experiences smaller price fluctuations and is considered to be less risky than ASWA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLEU.DE | ASWA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 7.52% | -3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 37.06% | -27.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.54% | 33.68% | -22.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 24.72% | -10.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 24.72% | -8.15% |
VLEU.DE vs. ASWA.DE - Expense Ratio Comparison
VLEU.DE has a 0.30% expense ratio, which is lower than ASWA.DE's 0.60% expense ratio.
Dividends
VLEU.DE vs. ASWA.DE - Dividend Comparison
Neither VLEU.DE nor ASWA.DE has paid dividends to shareholders.
Frequently Asked Questions
VLEU.DE and ASWA.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VLEU.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VLEU.DE is cheaper with a 0.30% expense ratio, compared with 0.60% for ASWA.DE.
VLEU.DE tracks BNP Paribas Low Vol Europe ESG, while ASWA.DE tracks SGI European Green Deal ESG Screened. They also come from different issuers: BNP Paribas and HANetf. Their fees differ too: 0.30% for VLEU.DE and 0.60% for ASWA.DE.
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