XQUE.DE vs. ASRD.DE
XQUE.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged) and ASRD.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged) are both Emerging Markets Bonds funds - XQUE.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged) while ASRD.DE tracks the JP Morgan ESG EMBI Global Diversified (EUR Hedged). Both are passively managed. Over the past 5 years, XQUE.DE returned -2.64%/yr vs -0.44%/yr for ASRD.DE. A 0.79 correlation means they provide meaningful diversification when combined. XQUE.DE charges 0.50%/yr vs 0.25%/yr for ASRD.DE.
Performance
XQUE.DE vs. ASRD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XQUE.DE achieves a -0.31% return, which is significantly lower than ASRD.DE's 0.59% return.
XQUE.DE
- 1D
- 0.16%
- 1M
- -0.09%
- YTD
- -0.31%
- 6M
- -0.44%
- 1Y
- 4.92%
- 3Y*
- 2.56%
- 5Y*
- -2.64%
- 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*
- —
XQUE.DE vs. ASRD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XQUE.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged | -0.31% | 8.00% | -2.63% | 4.56% | -20.08% | -0.15% |
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 XQUE.DE and ASRD.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.79 |
The correlation between XQUE.DE and ASRD.DE has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
XQUE.DE vs. ASRD.DE — Risk / Return Rank
XQUE.DE
ASRD.DE
XQUE.DE vs. ASRD.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 EUR Hedged (XQUE.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.
| XQUE.DE | ASRD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.26 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.78 | -0.68 |
| Martin ratioReturn relative to average drawdown | 3.42 | 6.57 | -3.15 |
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
| XQUE.DE | ASRD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.43 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.05 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | -0.00 | -0.11 |
Drawdowns
XQUE.DE vs. ASRD.DE - Drawdown Comparison
The maximum XQUE.DE drawdown since its inception was -29.15%, roughly equal to the maximum ASRD.DE drawdown of -29.54%. Use the drawdown chart below to compare losses from any high point for XQUE.DE and ASRD.DE.
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Drawdown Indicators
| XQUE.DE | ASRD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.15% | -29.54% | +0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -4.41% | -4.77% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -8.94% | -8.03% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -28.28% | -29.54% | +1.26% |
Current DrawdownCurrent decline from peak | -15.48% | -4.16% | -11.32% |
Average DrawdownAverage peak-to-trough decline | -11.68% | -13.13% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.30% | +0.13% |
Volatility
XQUE.DE vs. ASRD.DE - Volatility Comparison
The current volatility for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged (XQUE.DE) is 1.67%, 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 XQUE.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.
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Volatility by Period
| XQUE.DE | ASRD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 1.86% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 4.97% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 5.97% | -0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.36% | 9.06% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.00% | 8.96% | +0.04% |
XQUE.DE vs. ASRD.DE - Expense Ratio Comparison
XQUE.DE has a 0.50% expense ratio, which is higher than ASRD.DE's 0.25% expense ratio.
Dividends
XQUE.DE vs. ASRD.DE - Dividend Comparison
XQUE.DE's dividend yield for the trailing twelve months is around 3.79%, while ASRD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XQUE.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged | 3.79% | 4.16% | 4.20% | 3.82% | 7.06% | 3.21% | 9.32% | 3.88% | 1.02% |
Frequently Asked Questions
XQUE.DE and ASRD.DE have a correlation of 0.77, 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 0.50% for XQUE.DE.
XQUE.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged), while ASRD.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged). They also come from different issuers: Xtrackers and BNP Paribas. Their fees differ too: 0.50% for XQUE.DE and 0.25% for ASRD.DE.
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