ASRD.DE vs. GSDE.DE
ASRD.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged) and GSDE.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 GSDE.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll. Both are passively managed. Over the past 5 years, ASRD.DE returned -0.44%/yr vs 14.84%/yr for GSDE.DE. At a correlation of -0.05, they often move in opposite directions. ASRD.DE charges 0.25%/yr vs 0.39%/yr for GSDE.DE.
Performance
ASRD.DE vs. GSDE.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 GSDE.DE's 23.86% return.
ASRD.DE
- 1D
- 0.37%
- 1M
- 0.28%
- YTD
- 0.59%
- 6M
- 1.09%
- 1Y
- 8.78%
- 3Y*
- 6.91%
- 5Y*
- -0.44%
- 10Y*
- —
GSDE.DE
- 1D
- -0.69%
- 1M
- 1.80%
- YTD
- 23.86%
- 6M
- 24.24%
- 1Y
- 44.12%
- 3Y*
- 15.82%
- 5Y*
- 14.84%
- 10Y*
- 9.70%
ASRD.DE vs. GSDE.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% |
GSDE.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 23.86% | 13.74% | 14.93% | -12.88% | 21.59% | 25.52% |
Correlation
The correlation between ASRD.DE and GSDE.DE is -0.32, 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 | -0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | -0.05 |
Over the past year, the inverse relationship between ASRD.DE and GSDE.DE has strengthened: their correlation has moved from -0.05 to -0.32, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
ASRD.DE vs. GSDE.DE — Risk / Return Rank
ASRD.DE
GSDE.DE
ASRD.DE vs. GSDE.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 (GSDE.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 | GSDE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.43 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 5.65 | -3.86 |
| Martin ratioReturn relative to average drawdown | 6.57 | 12.60 | -6.03 |
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 | GSDE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 2.37 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.82 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.09 | -0.09 |
Drawdowns
ASRD.DE vs. GSDE.DE - Drawdown Comparison
The maximum ASRD.DE drawdown since its inception was -29.54%, smaller than the maximum GSDE.DE drawdown of -68.91%. Use the drawdown chart below to compare losses from any high point for ASRD.DE and GSDE.DE.
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Drawdown Indicators
| ASRD.DE | GSDE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.54% | -68.91% | +39.37% |
Max Drawdown (1Y)Largest decline over 1 year | -4.77% | -7.89% | +3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -15.25% | +7.22% |
Max Drawdown (5Y)Largest decline over 5 years | -29.54% | -29.72% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.72% | — |
Current DrawdownCurrent decline from peak | -4.16% | -6.40% | +2.24% |
Average DrawdownAverage peak-to-trough decline | -13.13% | -44.09% | +30.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 3.54% | -2.24% |
Volatility
ASRD.DE vs. GSDE.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 (GSDE.DE) has a volatility of 4.51%. This indicates that ASRD.DE experiences smaller price fluctuations and is considered to be less risky than GSDE.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 | GSDE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 4.51% | -2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 4.97% | 16.35% | -11.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.97% | 18.80% | -12.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.06% | 17.84% | -8.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.96% | 15.76% | -6.80% |
ASRD.DE vs. GSDE.DE - Expense Ratio Comparison
ASRD.DE has a 0.25% expense ratio, which is lower than GSDE.DE's 0.39% expense ratio.
Dividends
ASRD.DE vs. GSDE.DE - Dividend Comparison
Neither ASRD.DE nor GSDE.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRD.DE and GSDE.DE have a correlation of -0.32, 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 GSDE.DE.
ASRD.DE is categorized as Emerging Markets Bonds, while GSDE.DE is Commodities. ASRD.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged), while GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll. Their fees differ too: 0.25% for ASRD.DE and 0.39% for GSDE.DE.
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