ZSRM.DE vs. ASRF.DE
ZSRM.DE (BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) and ASRF.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc) 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 ASRF.DE is a European High Yield Bonds fund tracking the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel. Both are passively managed. Over the past 3 years, ZSRM.DE returned 9.90%/yr vs 6.65%/yr for ASRF.DE. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
ZSRM.DE vs. ASRF.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 ASRF.DE's 0.70% return.
ZSRM.DE
- 1D
- 0.72%
- 1M
- 6.90%
- YTD
- 10.14%
- 6M
- 9.61%
- 1Y
- 11.04%
- 3Y*
- 9.90%
- 5Y*
- —
- 10Y*
- —
ASRF.DE
- 1D
- 0.10%
- 1M
- 0.61%
- YTD
- 0.70%
- 6M
- 1.18%
- 1Y
- 3.72%
- 3Y*
- 6.65%
- 5Y*
- 2.26%
- 10Y*
- —
ZSRM.DE vs. ASRF.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% |
ASRF.DE BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc | 0.70% | 4.66% | 6.57% | 11.42% | -9.76% |
Correlation
The correlation between ZSRM.DE and ASRF.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 (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022 | 0.44 |
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Return for Risk
ZSRM.DE vs. ASRF.DE — Risk / Return Rank
ZSRM.DE
ASRF.DE
ZSRM.DE vs. ASRF.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 EUR High Yield SRI Fossil Free UCITS ETF Acc (ASRF.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 | ASRF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.09 | +0.19 |
| Martin ratioReturn relative to average drawdown | 3.54 | 4.34 | -0.80 |
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 | ASRF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.93 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.45 | -0.04 |
Drawdowns
ZSRM.DE vs. ASRF.DE - Drawdown Comparison
The maximum ZSRM.DE drawdown since its inception was -23.72%, which is greater than ASRF.DE's maximum drawdown of -16.76%. Use the drawdown chart below to compare losses from any high point for ZSRM.DE and ASRF.DE.
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Drawdown Indicators
| ZSRM.DE | ASRF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -16.76% | -6.96% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -3.25% | -5.39% |
Max Drawdown (3Y)Largest decline over 3 years | -23.72% | -3.86% | -19.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.76% | — |
Current DrawdownCurrent decline from peak | -1.84% | -0.34% | -1.50% |
Average DrawdownAverage peak-to-trough decline | -7.07% | -4.24% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 0.82% | +2.31% |
Volatility
ZSRM.DE vs. ASRF.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 EUR High Yield SRI Fossil Free UCITS ETF Acc (ASRF.DE) at 1.05%. This indicates that ZSRM.DE's price experiences larger fluctuations and is considered to be riskier than ASRF.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 | ASRF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 1.05% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 3.20% | +5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 3.80% | +8.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 5.85% | +10.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 5.83% | +10.05% |
ZSRM.DE vs. ASRF.DE - Expense Ratio Comparison
Both ZSRM.DE and ASRF.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ZSRM.DE vs. ASRF.DE - Dividend Comparison
Neither ZSRM.DE nor ASRF.DE has paid dividends to shareholders.
Frequently Asked Questions
ZSRM.DE and ASRF.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.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ZSRM.DE and ASRF.DE have the same expense ratio: 0.25% per year.
ZSRM.DE is categorized as Large Cap Blend Equities, while ASRF.DE is European High Yield Bonds. ZSRM.DE tracks MSCI USA SRI S-Series PAB 5% Capped, while ASRF.DE tracks Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel.
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