ZPR5.DE vs. ASRC.DE
ZPR5.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF) and ASRC.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF) are both Emerging Markets Bonds funds - ZPR5.DE tracks the ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a while ASRC.DE tracks the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 5 years, ZPR5.DE returned 3.18%/yr vs 2.65%/yr for ASRC.DE. A 0.53 correlation means they provide meaningful diversification when combined. ZPR5.DE charges 0.42%/yr vs 0.25%/yr for ASRC.DE.
Performance
ZPR5.DE vs. ASRC.DE - Performance Comparison
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Different Trading Currencies
ZPR5.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, ZPR5.DE achieves a 2.14% return, which is significantly lower than ASRC.DE's 2.84% return.
ZPR5.DE
- 1D
- -0.10%
- 1M
- 0.89%
- YTD
- 2.14%
- 6M
- 1.74%
- 1Y
- 3.56%
- 3Y*
- 3.25%
- 5Y*
- 3.18%
- 10Y*
- 2.25%
ASRC.DE
- 1D
- 0.23%
- 1M
- 1.68%
- YTD
- 2.84%
- 6M
- 2.72%
- 1Y
- 8.98%
- 3Y*
- 6.23%
- 5Y*
- 2.65%
- 10Y*
- —
ZPR5.DE vs. ASRC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZPR5.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF | 2.14% | -4.12% | 11.04% | 2.52% | -1.06% | 6.93% |
ASRC.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF | 2.84% | 0.49% | 11.52% | 6.43% | -12.67% | 8.65% |
Correlation
The correlation between ZPR5.DE and ASRC.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.53 |
The correlation between ZPR5.DE and ASRC.DE has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.
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Return for Risk
ZPR5.DE vs. ASRC.DE — Risk / Return Rank
ZPR5.DE
ASRC.DE
ZPR5.DE vs. ASRC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (ZPR5.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.
| ZPR5.DE | ASRC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.24 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 3.01 | -1.91 |
| Martin ratioReturn relative to average drawdown | 2.73 | 8.61 | -5.88 |
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
| ZPR5.DE | ASRC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 1.32 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.28 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.32 | +0.07 |
Drawdowns
ZPR5.DE vs. ASRC.DE - Drawdown Comparison
The maximum ZPR5.DE drawdown since its inception was -14.48%, smaller than the maximum ASRC.DE drawdown of -15.59%. Use the drawdown chart below to compare losses from any high point for ZPR5.DE and ASRC.DE.
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Drawdown Indicators
| ZPR5.DE | ASRC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.48% | -15.59% | +1.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -2.97% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -9.72% | -12.90% | +3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -9.92% | -15.59% | +5.67% |
Max Drawdown (10Y)Largest decline over 10 years | -14.48% | — | — |
Current DrawdownCurrent decline from peak | -4.28% | -0.23% | -4.05% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -6.23% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.04% | +0.26% |
Volatility
ZPR5.DE vs. ASRC.DE - Volatility Comparison
The current volatility for SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (ZPR5.DE) is 0.96%, while BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.DE) has a volatility of 1.62%. This indicates that ZPR5.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
| ZPR5.DE | ASRC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.62% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 5.09% | -1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 6.79% | -1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 9.24% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.20% | 9.15% | -1.95% |
ZPR5.DE vs. ASRC.DE - Expense Ratio Comparison
ZPR5.DE has a 0.42% expense ratio, which is higher than ASRC.DE's 0.25% expense ratio.
Dividends
ZPR5.DE vs. ASRC.DE - Dividend Comparison
ZPR5.DE's dividend yield for the trailing twelve months is around 4.83%, while ASRC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASRC.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZPR5.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF | 4.83% | 5.10% | 4.16% | 3.16% | 2.54% | 2.63% | 3.53% | 3.34% | 2.73% | 3.18% | 2.72% | 1.83% |
Frequently Asked Questions
ZPR5.DE and ASRC.DE have a correlation of 0.52, 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 0.42% for ZPR5.DE.
ZPR5.DE tracks ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a, while ASRC.DE tracks JP Morgan ESG EMBI Global Diversified. They also come from different issuers: State Street and BNP Paribas. Their fees differ too: 0.42% for ZPR5.DE and 0.25% for ASRC.DE.
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