ASRD.DE vs. EMEH.DE
ASRD.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged) and EMEH.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) are both exchange-traded funds - ASRD.DE is a Emerging Markets Bonds fund tracking the JP Morgan ESG EMBI Global Diversified (EUR Hedged), while EMEH.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged). Both are passively managed. Over the past 5 years, ASRD.DE returned -0.44%/yr vs 11.35%/yr for EMEH.DE. At a 0.09 correlation, their price movements are largely independent. ASRD.DE charges 0.25%/yr vs 0.39%/yr for EMEH.DE.
Performance
ASRD.DE vs. EMEH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASRD.DE achieves a 0.59% return, which is significantly lower than EMEH.DE's 21.33% return.
ASRD.DE
- 1D
- 0.37%
- 1M
- 0.84%
- YTD
- 0.59%
- 6M
- 1.27%
- 1Y
- 8.54%
- 3Y*
- 6.91%
- 5Y*
- -0.44%
- 10Y*
- —
EMEH.DE
- 1D
- -0.55%
- 1M
- -0.97%
- YTD
- 21.33%
- 6M
- 24.96%
- 1Y
- 44.23%
- 3Y*
- 16.63%
- 5Y*
- 11.35%
- 10Y*
- —
ASRD.DE vs. EMEH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ASRD.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged | 0.59% | 11.16% | 3.52% | 6.69% | -19.97% | 0.96% |
EMEH.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 21.33% | 25.40% | 6.63% | -12.26% | 11.15% | 16.42% |
Correlation
The correlation between ASRD.DE and EMEH.DE is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.09 |
The correlation between ASRD.DE and EMEH.DE shifts across timeframes, from -0.23 (1 year) to 0.09 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ASRD.DE vs. EMEH.DE — Risk / Return Rank
ASRD.DE
EMEH.DE
ASRD.DE vs. EMEH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged (ASRD.DE) and BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (EMEH.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.
| ASRD.DE | EMEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.45 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 4.95 | -3.17 |
| Martin ratioReturn relative to average drawdown | 6.57 | 14.34 | -7.77 |
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
| ASRD.DE | EMEH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 2.47 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.64 | -0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | -0.48 | +0.47 |
Drawdowns
ASRD.DE vs. EMEH.DE - Drawdown Comparison
The maximum ASRD.DE drawdown since its inception was -29.54%, smaller than the maximum EMEH.DE drawdown of -92.42%. Use the drawdown chart below to compare losses from any high point for ASRD.DE and EMEH.DE.
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Drawdown Indicators
| ASRD.DE | EMEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.54% | -92.42% | +62.88% |
Max Drawdown (1Y)Largest decline over 1 year | -4.77% | -8.89% | +4.12% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -12.28% | +4.25% |
Max Drawdown (5Y)Largest decline over 5 years | -29.54% | -32.73% | +3.19% |
Current DrawdownCurrent decline from peak | -4.16% | -80.34% | +76.18% |
Average DrawdownAverage peak-to-trough decline | -13.13% | -81.38% | +68.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 3.08% | -1.78% |
Volatility
ASRD.DE vs. EMEH.DE - Volatility Comparison
The current volatility for BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged (ASRD.DE) is 1.86%, while BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (EMEH.DE) has a volatility of 4.15%. This indicates that ASRD.DE experiences smaller price fluctuations and is considered to be less risky than EMEH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASRD.DE | EMEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 4.15% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 4.97% | 15.95% | -10.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.97% | 17.83% | -11.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.06% | 17.50% | -8.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.96% | 34.16% | -25.20% |
ASRD.DE vs. EMEH.DE - Expense Ratio Comparison
ASRD.DE has a 0.25% expense ratio, which is lower than EMEH.DE's 0.39% expense ratio.
Dividends
ASRD.DE vs. EMEH.DE - Dividend Comparison
Neither ASRD.DE nor EMEH.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRD.DE and EMEH.DE have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRD.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRD.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for EMEH.DE.
ASRD.DE is categorized as Emerging Markets Bonds, while EMEH.DE is Commodities. ASRD.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged), while EMEH.DE tracks BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged). Their fees differ too: 0.25% for ASRD.DE and 0.39% for EMEH.DE.
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