ZSRM.DE vs. ASRE.DE
ZSRM.DE (BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) and ASRE.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF) are both exchange-traded funds - ZSRM.DE is a Large Cap Blend Equities fund tracking the MSCI USA SRI S-Series PAB 5% Capped, while ASRE.DE is a European Government Bonds fund tracking the J.P. Morgan ESG EMU Government Bond IG 3-5 Year. Both are passively managed. Over the past 3 years, ZSRM.DE returned 9.90%/yr vs 2.70%/yr for ASRE.DE. At a 0.12 correlation, their price movements are largely independent. ZSRM.DE charges 0.25%/yr vs 0.15%/yr for ASRE.DE.
Performance
ZSRM.DE vs. ASRE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZSRM.DE achieves a 10.14% return, which is significantly higher than ASRE.DE's -0.12% return.
ZSRM.DE
- 1D
- 0.72%
- 1M
- 6.90%
- YTD
- 10.14%
- 6M
- 9.61%
- 1Y
- 11.04%
- 3Y*
- 9.90%
- 5Y*
- —
- 10Y*
- —
ASRE.DE
- 1D
- 0.06%
- 1M
- -0.03%
- YTD
- -0.12%
- 6M
- -0.05%
- 1Y
- 0.64%
- 3Y*
- 2.70%
- 5Y*
- -0.36%
- 10Y*
- —
ZSRM.DE vs. ASRE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZSRM.DE BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc | 10.14% | -6.25% | 17.05% | 19.31% | -8.53% |
ASRE.DE BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF | -0.12% | 2.42% | 2.13% | 5.11% | -9.63% |
Correlation
The correlation between ZSRM.DE and ASRE.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022 | 0.12 |
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Return for Risk
ZSRM.DE vs. ASRE.DE — Risk / Return Rank
ZSRM.DE
ASRE.DE
ZSRM.DE vs. ASRE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (ZSRM.DE) and BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.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.
| ZSRM.DE | ASRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.03 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 0.15 | +1.13 |
| Martin ratioReturn relative to average drawdown | 3.54 | 0.41 | +3.13 |
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
| ZSRM.DE | ASRE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.14 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | -0.10 | +0.51 |
Drawdowns
ZSRM.DE vs. ASRE.DE - Drawdown Comparison
The maximum ZSRM.DE drawdown since its inception was -23.72%, which is greater than ASRE.DE's maximum drawdown of -12.01%. Use the drawdown chart below to compare losses from any high point for ZSRM.DE and ASRE.DE.
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Drawdown Indicators
| ZSRM.DE | ASRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -12.01% | -11.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -2.40% | -6.24% |
Max Drawdown (3Y)Largest decline over 3 years | -23.72% | -2.40% | -21.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.01% | — |
Current DrawdownCurrent decline from peak | -1.84% | -2.42% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -7.07% | -5.22% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 0.85% | +2.28% |
Volatility
ZSRM.DE vs. ASRE.DE - Volatility Comparison
BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (ZSRM.DE) has a higher volatility of 3.16% compared to BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.DE) at 1.03%. This indicates that ZSRM.DE's price experiences larger fluctuations and is considered to be riskier than ASRE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZSRM.DE | ASRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 1.03% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 2.28% | +6.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 2.57% | +9.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 3.60% | +12.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 3.52% | +12.36% |
ZSRM.DE vs. ASRE.DE - Expense Ratio Comparison
ZSRM.DE has a 0.25% expense ratio, which is higher than ASRE.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ZSRM.DE vs. ASRE.DE - Dividend Comparison
Neither ZSRM.DE nor ASRE.DE has paid dividends to shareholders.
Frequently Asked Questions
ZSRM.DE and ASRE.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRE.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for ZSRM.DE.
ZSRM.DE is categorized as Large Cap Blend Equities, while ASRE.DE is European Government Bonds. ZSRM.DE tracks MSCI USA SRI S-Series PAB 5% Capped, while ASRE.DE tracks J.P. Morgan ESG EMU Government Bond IG 3-5 Year. Their fees differ too: 0.25% for ZSRM.DE and 0.15% for ASRE.DE.
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