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AAS.L vs. BHMG.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

AAS.L vs. BHMG.L

Last updated Apr 2, 2026

Compare and contrast key facts about Abrdn Asia Focus plc (AAS.L) and BH Macro Limited (BHMG.L).

Performance

AAS.L vs. BHMG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Abrdn Asia Focus plc (AAS.L) and BH Macro Limited (BHMG.L). The values are adjusted to include any dividend payments, if applicable.

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AAS.L vs. BHMG.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AAS.L
Abrdn Asia Focus plc		4.81%26.73%12.51%5.98%-10.06%28.05%10.63%8.11%-2.48%13.19%
BHMG.L
BH Macro Limited		5.26%-1.72%10.63%-18.26%20.05%6.25%34.87%10.36%18.25%-6.28%

Fundamentals

Market Cap

AAS.L:

£612.30M

BHMG.L:

£1.51B

EPS

AAS.L:

£0.79

BHMG.L:

£0.88

PE Ratio

AAS.L:

4.81

BHMG.L:

4.79

PEG Ratio

AAS.L:

0.03

BHMG.L:

0.05

PS Ratio

AAS.L:

4.26

BHMG.L:

8.13

PB Ratio

AAS.L:

1.10

BHMG.L:

0.72

Total Revenue (TTM)

AAS.L:

£143.63M

BHMG.L:

£185.43M

Gross Profit (TTM)

AAS.L:

£144.66M

BHMG.L:

£177.43M

EBITDA (TTM)

AAS.L:

£81.98M

BHMG.L:

£81.73M

Returns By Period

In the year-to-date period, AAS.L achieves a 4.81% return, which is significantly lower than BHMG.L's 5.26% return. Over the past 10 years, AAS.L has outperformed BHMG.L with an annualized return of 11.56%, while BHMG.L has yielded a comparatively lower 7.76% annualized return.

AAS.L

1D
2.70%
1M
-8.21%
YTD
4.81%
6M
6.15%
1Y
33.00%
3Y*
16.78%
5Y*
10.98%
10Y*
11.56%

BHMG.L

1D
-0.24%
1M
-2.89%
YTD
5.26%
6M
6.33%
1Y
11.26%
3Y*
0.08%
5Y*
4.72%
10Y*
7.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Abrdn Asia Focus plc

BH Macro Limited

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AAS.L vs. ATR.LAAS.L vs. FRIN.LAAS.L vs. ^GSPCAAS.L vs. TVK.TOAAS.L vs. FCIT.LAAS.L vs. GSIBAAS.L vs. HOOD
Often compared with BHMG.L:
BHMG.L vs. FSAGXBHMG.L vs. GBPG.LBHMG.L vs. PSHZFBHMG.L vs. UPROBHMG.L vs. BTALBHMG.L vs. URTHBHMG.L vs. FCIT.L

Return for Risk

AAS.L vs. BHMG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AAS.L
AAS.L Risk / Return Rank: 8686
Overall Rank
AAS.L Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
AAS.L Sortino Ratio Rank: 8585
Sortino Ratio Rank
AAS.L Omega Ratio Rank: 8686
Omega Ratio Rank
AAS.L Calmar Ratio Rank: 8282
Calmar Ratio Rank
AAS.L Martin Ratio Rank: 8787
Martin Ratio Rank
BHMG.L
BHMG.L Risk / Return Rank: 6969
Overall Rank
BHMG.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
BHMG.L Sortino Ratio Rank: 6666
Sortino Ratio Rank
BHMG.L Omega Ratio Rank: 6565
Omega Ratio Rank
BHMG.L Calmar Ratio Rank: 7373
Calmar Ratio Rank
BHMG.L Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAS.L vs. BHMG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Abrdn Asia Focus plc (AAS.L) and BH Macro Limited (BHMG.L). 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.

AAS.LBHMG.LDifference

Sharpe ratio

Return per unit of total volatility

1.88

0.96

+0.92

Sortino ratio

Return per unit of downside risk

2.44

1.46

+0.98

Omega ratio

Gain probability vs. loss probability

1.35

1.19

+0.15

Calmar ratio

Return relative to maximum drawdown

2.61

1.70

+0.92

Martin ratio

Return relative to average drawdown

9.34

3.86

+5.48

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AAS.L vs. BHMG.L - Sharpe Ratio Comparison

The current AAS.L Sharpe Ratio is 1.88, which is higher than the BHMG.L Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of AAS.L and BHMG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

AAS.LBHMG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.88

0.96

+0.92

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.58

0.26

+0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.47

+0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

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Correlation

The correlation between AAS.L and BHMG.L is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AAS.L vs. BHMG.L - Dividend Comparison

AAS.L's dividend yield for the trailing twelve months is around 1.69%, while BHMG.L has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
AAS.L
Abrdn Asia Focus plc		1.69%1.77%1.98%2.65%4.34%0.00%1.63%1.77%1.68%1.52%1.11%2.04%
BHMG.L
BH Macro Limited		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

AAS.L vs. BHMG.L - Drawdown Comparison

The maximum AAS.L drawdown since its inception was -72.60%, smaller than the maximum BHMG.L drawdown of -127.79%. Use the drawdown chart below to compare losses from any high point for AAS.L and BHMG.L.

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Drawdown Indicators

AAS.LBHMG.LDifference

Max Drawdown

Largest peak-to-trough decline

-72.60%

-127.79%

+55.19%

Max Drawdown (1Y)

Largest decline over 1 year

-12.97%

-6.98%

-5.99%

Max Drawdown (5Y)

Largest decline over 5 years

-22.59%

-35.94%

+13.35%

Max Drawdown (10Y)

Largest decline over 10 years

-36.07%

-35.94%

-0.13%

Current Drawdown

Current decline from peak

-10.38%

-122.80%

+112.42%

Average Drawdown

Average peak-to-trough decline

-10.74%

-84.68%

+73.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.63%

3.07%

+0.56%

Volatility

AAS.L vs. BHMG.L - Volatility Comparison

Abrdn Asia Focus plc (AAS.L) has a higher volatility of 7.65% compared to BH Macro Limited (BHMG.L) at 4.63%. This indicates that AAS.L's price experiences larger fluctuations and is considered to be riskier than BHMG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AAS.LBHMG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.65%

4.63%

+3.02%

Volatility (6M)

Calculated over the trailing 6-month period

13.25%

8.02%

+5.23%

Volatility (1Y)

Calculated over the trailing 1-year period

17.45%

11.68%

+5.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.77%

18.38%

+0.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.33%

16.54%

+1.79%

Financials

AAS.L vs. BHMG.L - Financials Comparison

This section allows you to compare key financial metrics between Abrdn Asia Focus plc and BH Macro Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.0050.00M100.00MAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJuly
48.75M
20.66M
(AAS.L) Total Revenue
(BHMG.L) Total Revenue
Values in GBp except per share items