ASMH vs. BAI
ASMH (ASML Holding NV ADR Hedged ETF) and BAI (iShares A.I. Innovation and Tech Active ETF) are both Technology Equities funds. ASMH is passively managed, while BAI is actively managed. Over the past year, ASMH returned 160.23% vs 104.79% for BAI. A 0.63 correlation means they provide meaningful diversification when combined. ASMH charges 0.19%/yr vs 0.55%/yr for BAI.
Performance
ASMH vs. BAI - Performance Comparison
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Returns By Period
In the year-to-date period, ASMH achieves a 85.33% return, which is significantly higher than BAI's 62.85% return.
ASMH
- 1D
- 0.10%
- 1M
- 19.55%
- YTD
- 85.33%
- 6M
- 88.06%
- 1Y
- 160.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BAI
- 1D
- 1.94%
- 1M
- 13.43%
- YTD
- 62.85%
- 6M
- 60.92%
- 1Y
- 104.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ASMH vs. BAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ASMH ASML Holding NV ADR Hedged ETF | 85.33% | 59.22% |
BAI iShares A.I. Innovation and Tech Active ETF | 62.85% | 66.46% |
Correlation
The correlation between ASMH and BAI is 0.63, 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 | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025 | 0.63 |
The correlation between ASMH and BAI has been stable across timeframes, ranging from 0.63 to 0.63 - a consistent structural relationship.
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Return for Risk
ASMH vs. BAI — Risk / Return Rank
ASMH
BAI
ASMH vs. BAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ASML Holding NV ADR Hedged ETF (ASMH) and iShares A.I. Innovation and Tech Active ETF (BAI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASMH | BAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.44 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 10.15 | 6.50 | +3.65 |
| Martin ratioReturn relative to average drawdown | 26.20 | 17.20 | +9.01 |
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Drawdowns
ASMH vs. BAI - Drawdown Comparison
The maximum ASMH drawdown since its inception was -15.89%, smaller than the maximum BAI drawdown of -34.09%. Use the drawdown chart below to compare losses from any high point for ASMH and BAI.
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Drawdown Indicators
| ASMH | BAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.89% | -34.09% | +18.20% |
Max Drawdown (1Y)Largest decline over 1 year | -15.89% | -16.22% | +0.33% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -6.87% | +2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.14% | 6.12% | +0.02% |
Volatility
ASMH vs. BAI - Volatility Comparison
The current volatility for ASML Holding NV ADR Hedged ETF (ASMH) is 15.26%, while iShares A.I. Innovation and Tech Active ETF (BAI) has a volatility of 18.06%. This indicates that ASMH experiences smaller price fluctuations and is considered to be less risky than BAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASMH | BAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.26% | 18.06% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 32.35% | 30.25% | +2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.23% | 36.45% | +4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.72% | 36.90% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.72% | 36.90% | +2.82% |
ASMH vs. BAI - Expense Ratio Comparison
ASMH has a 0.19% expense ratio, which is lower than BAI's 0.55% expense ratio.
Dividends
ASMH vs. BAI - Dividend Comparison
ASMH's dividend yield for the trailing twelve months is around 1.51%, more than BAI's 1.09% yield.
| Position | TTM | 2025 |
|---|---|---|
ASMH ASML Holding NV ADR Hedged ETF | 1.51% | 0.19% |
BAI iShares A.I. Innovation and Tech Active ETF | 1.09% | 1.80% |
Frequently Asked Questions
ASMH and BAI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAI has higher volatility (18.06%) compared to ASMH (15.26%). In terms of maximum drawdown, ASMH dropped -15.89% vs BAI's -34.09%.
On 1-year performance, ASMH leads with 160.23% vs 104.79% for BAI. On fees, ASMH is cheaper at 0.19% per year. On volatility, ASMH has been the lower-risk option at 15.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ASMH has performed better with a 160.23% return vs 104.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ASMH is cheaper with a 0.19% expense ratio, compared with 0.55% for BAI.
ASMH has the higher dividend yield at 1.51%, compared with 1.09% for BAI.
They also come from different issuers: Precidian Funds and iShares. Their fees differ too: 0.19% for ASMH and 0.55% for BAI.
ASMH currently has the higher Sharpe Ratio (3.92 vs 2.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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