ASR vs. PXH

Last updated Jun 5, 2026

ASR (Grupo Aeroportuario del Sureste, S. A. B. de C. V.) is a stock, while PXH (Invesco FTSE RAFI Emerging Markets ETF) is Emerging Markets Equities fund tracking the FTSE RAFI Emerging Markets Index. Over the past 10 years, ASR returned 10.21%/yr vs 10.67%/yr for PXH. At a 0.48 correlation, their price movements are largely independent.

Performance

ASR vs. PXH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) and Invesco FTSE RAFI Emerging Markets ETF (PXH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASR achieves a -7.75% return, which is significantly lower than PXH's 14.24% return. Both investments have delivered pretty close results over the past 10 years, with ASR having a 10.21% annualized return and PXH not far ahead at 10.67%.

ASR

• 1D: -1.34%
• 1M: -2.75%
• YTD: -7.75%
• 6M: -1.72%
• 1Y: -2.61%
• 3Y*: 8.93%
• 5Y*: 17.26%
• 10Y*: 10.21%

PXH

• 1D: -0.34%
• 1M: 1.73%
• YTD: 14.24%
• 6M: 14.95%
• 1Y: 34.75%
• 3Y*: 21.82%
• 5Y*: 8.92%
• 10Y*: 10.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASR vs. PXH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASR Grupo Aeroportuario del Sureste, S. A. B. de C. V.	-7.75%	42.19%	-9.20%	32.09%	16.98%	27.81%	-11.99%	28.79%	-15.64%	26.89%
PXH Invesco FTSE RAFI Emerging Markets ETF	14.24%	31.44%	12.09%	13.93%	-15.18%	8.31%	-1.91%	16.77%	-8.68%	26.60%

Correlation

The correlation between ASR and PXH is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Oct 1, 2007	0.48

The correlation between ASR and PXH shifts across timeframes, from 0.37 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ASR vs. PXH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASR

ASR Risk / Return Rank: 35
ASR Sharpe Ratio Rank: 37
ASR Sortino Ratio Rank: 31
ASR Omega Ratio Rank: 31
ASR Calmar Ratio Rank: 38
ASR Martin Ratio Rank: 37

PXH

PXH Risk / Return Rank: 70
PXH Sharpe Ratio Rank: 71
PXH Sortino Ratio Rank: 68
PXH Omega Ratio Rank: 71
PXH Calmar Ratio Rank: 69
PXH Martin Ratio Rank: 69

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.

ASR vs. PXH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) and Invesco FTSE RAFI Emerging Markets ETF (PXH). 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.

	ASR	PXH	Difference
Sharpe ratio: Return per unit of total volatility	-0.10	2.28	-2.39
Sortino ratio: Return per unit of downside risk	0.04	3.08	-3.04
Omega ratio: Gain probability vs. loss probability	1.00	1.42	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.12	3.41	-3.53
Martin ratio: Return relative to average drawdown	-0.27	12.67	-12.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASR vs. PXH - Sharpe Ratio Comparison

The current ASR Sharpe Ratio is -0.10, which is lower than the PXH Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of ASR and PXH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ASR	PXH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.10	2.28	-2.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.50	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.53	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.14	+0.33

Drawdowns

ASR vs. PXH - Drawdown Comparison

The maximum ASR drawdown since its inception was -61.33%, roughly equal to the maximum PXH drawdown of -63.63%. Use the drawdown chart below to compare losses from any high point for ASR and PXH.

Drawdown Indicators

	ASR	PXH	Difference
Max Drawdown Largest peak-to-trough decline	-61.33%	-63.63%	+2.30%
Max Drawdown (1Y) Largest decline over 1 year	-22.31%	-10.24%	-12.07%
Max Drawdown (3Y) Largest decline over 3 years	-33.81%	-17.72%	-16.09%
Max Drawdown (5Y) Largest decline over 5 years	-35.28%	-29.59%	-5.69%
Max Drawdown (10Y) Largest decline over 10 years	-61.33%	-40.42%	-20.91%
Current Drawdown Current decline from peak	-21.73%	-1.97%	-19.76%
Average Drawdown Average peak-to-trough decline	-14.44%	-16.86%	+2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.67%	2.75%	+6.92%

Volatility

ASR vs. PXH - Volatility Comparison

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) has a higher volatility of 7.57% compared to Invesco FTSE RAFI Emerging Markets ETF (PXH) at 5.32%. This indicates that ASR's price experiences larger fluctuations and is considered to be riskier than PXH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASR	PXH	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.57%	5.32%	+2.25%
Volatility (6M) Calculated over the trailing 6-month period	21.10%	12.31%	+8.79%
Volatility (1Y) Calculated over the trailing 1-year period	25.72%	15.30%	+10.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.55%	17.77%	+14.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.80%	20.06%	+14.74%

Dividends

ASR vs. PXH - Dividend Comparison

ASR's dividend yield for the trailing twelve months is around 7.50%, more than PXH's 3.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASR Grupo Aeroportuario del Sureste, S. A. B. de C. V.	7.50%	12.61%	4.68%	3.86%	3.18%	2.00%	0.00%	2.80%	2.29%	0.05%	0.05%	0.52%
PXH Invesco FTSE RAFI Emerging Markets ETF	3.45%	4.02%	4.43%	4.84%	5.33%	4.69%	2.79%	3.28%	3.30%	2.74%	1.97%	3.44%

Frequently Asked Questions

Can I hold both ASR and PXH in my portfolio?

ASR and PXH have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASR or PXH?

ASR has higher volatility (7.57%) compared to PXH (5.32%). In terms of maximum drawdown, ASR dropped -61.33% vs PXH's -63.63%.

Which has better risk-adjusted returns?

PXH currently has the higher Sharpe Ratio (2.28 vs -0.10), 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.