XQUD.DE vs. ASRC.DE
XQUD.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF) and ASRC.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF) are both Emerging Markets Bonds funds - XQUD.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted while ASRC.DE tracks the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 3 years, XQUD.DE returned 2.35%/yr vs 6.23%/yr for ASRC.DE. A 0.77 correlation means they provide meaningful diversification when combined. XQUD.DE charges 0.45%/yr vs 0.25%/yr for ASRC.DE.
Performance
XQUD.DE vs. ASRC.DE - Performance Comparison
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Different Trading Currencies
XQUD.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, XQUD.DE achieves a 1.98% return, which is significantly lower than ASRC.DE's 2.84% return.
XQUD.DE
- 1D
- -0.03%
- 1M
- 1.14%
- YTD
- 1.98%
- 6M
- 1.13%
- 1Y
- 6.03%
- 3Y*
- 2.35%
- 5Y*
- —
- 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*
- —
XQUD.DE vs. ASRC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 1.98% | -1.36% | 5.23% | 3.70% | -0.16% |
ASRC.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF | 2.84% | 0.49% | 11.52% | 6.43% | 0.54% |
Correlation
The correlation between XQUD.DE and ASRC.DE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | 0.77 |
The correlation between XQUD.DE and ASRC.DE has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
XQUD.DE vs. ASRC.DE — Risk / Return Rank
XQUD.DE
ASRC.DE
XQUD.DE vs. ASRC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.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.
| XQUD.DE | ASRC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 3.01 | -1.45 |
| Martin ratioReturn relative to average drawdown | 4.64 | 8.61 | -3.97 |
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
| XQUD.DE | ASRC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.32 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.32 | -0.02 |
Drawdowns
XQUD.DE vs. ASRC.DE - Drawdown Comparison
The maximum XQUD.DE drawdown since its inception was -12.01%, smaller than the maximum ASRC.DE drawdown of -15.59%. Use the drawdown chart below to compare losses from any high point for XQUD.DE and ASRC.DE.
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Drawdown Indicators
| XQUD.DE | ASRC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.01% | -15.59% | +3.58% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -2.97% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -11.40% | -12.90% | +1.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.59% | — |
Current DrawdownCurrent decline from peak | -2.99% | -0.23% | -2.76% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -6.23% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.04% | +0.26% |
Volatility
XQUD.DE vs. ASRC.DE - Volatility Comparison
The current volatility for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) is 1.12%, while BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.DE) has a volatility of 1.62%. This indicates that XQUD.DE experiences smaller price fluctuations and is considered to be less risky 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
| XQUD.DE | ASRC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.62% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 5.09% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.77% | 6.79% | -1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.98% | 9.24% | -1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.98% | 9.15% | -1.17% |
XQUD.DE vs. ASRC.DE - Expense Ratio Comparison
XQUD.DE has a 0.45% expense ratio, which is higher than ASRC.DE's 0.25% expense ratio.
Dividends
XQUD.DE vs. ASRC.DE - Dividend Comparison
Neither XQUD.DE nor ASRC.DE has paid dividends to shareholders.
Frequently Asked Questions
XQUD.DE and ASRC.DE have a correlation of 0.71, 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 0.45% for XQUD.DE.
XQUD.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted, while ASRC.DE tracks JP Morgan ESG EMBI Global Diversified. They also come from different issuers: Xtrackers and BNP Paribas. Their fees differ too: 0.45% for XQUD.DE and 0.25% for ASRC.DE.
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