ASRF.DE vs. EMEH.DE
ASRF.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc) and EMEH.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) are both exchange-traded funds - ASRF.DE is a European High Yield Bonds fund tracking the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel, 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, ASRF.DE returned 2.26%/yr vs 11.35%/yr for EMEH.DE. At a 0.08 correlation, their price movements are largely independent. ASRF.DE charges 0.25%/yr vs 0.39%/yr for EMEH.DE.
Performance
ASRF.DE vs. EMEH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASRF.DE achieves a 0.70% return, which is significantly lower than EMEH.DE's 21.33% return.
ASRF.DE
- 1D
- 0.10%
- 1M
- 1.10%
- YTD
- 0.70%
- 6M
- 1.24%
- 1Y
- 3.56%
- 3Y*
- 6.65%
- 5Y*
- 2.26%
- 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*
- —
ASRF.DE vs. EMEH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ASRF.DE BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc | 0.70% | 4.66% | 6.57% | 11.42% | -11.08% | 1.06% |
EMEH.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 21.33% | 25.40% | 6.63% | -12.26% | 11.15% | 18.91% |
Correlation
The correlation between ASRF.DE and EMEH.DE is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.08 |
The correlation between ASRF.DE and EMEH.DE shifts across timeframes, from -0.15 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ASRF.DE vs. EMEH.DE — Risk / Return Rank
ASRF.DE
EMEH.DE
ASRF.DE vs. EMEH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc (ASRF.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.
| ASRF.DE | EMEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.45 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 4.95 | -3.87 |
| Martin ratioReturn relative to average drawdown | 4.34 | 14.34 | -10.00 |
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
| ASRF.DE | EMEH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 2.47 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.64 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | -0.48 | +0.93 |
Drawdowns
ASRF.DE vs. EMEH.DE - Drawdown Comparison
The maximum ASRF.DE drawdown since its inception was -16.76%, smaller than the maximum EMEH.DE drawdown of -92.42%. Use the drawdown chart below to compare losses from any high point for ASRF.DE and EMEH.DE.
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Drawdown Indicators
| ASRF.DE | EMEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.76% | -92.42% | +75.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -8.89% | +5.64% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -12.28% | +8.42% |
Max Drawdown (5Y)Largest decline over 5 years | -16.76% | -32.73% | +15.97% |
Current DrawdownCurrent decline from peak | -0.34% | -80.34% | +80.00% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -81.38% | +77.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 3.08% | -2.26% |
Volatility
ASRF.DE vs. EMEH.DE - Volatility Comparison
The current volatility for BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc (ASRF.DE) is 1.05%, while BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (EMEH.DE) has a volatility of 4.15%. This indicates that ASRF.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
| ASRF.DE | EMEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 4.15% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 15.95% | -12.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 17.83% | -14.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 17.50% | -11.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 34.16% | -28.33% |
ASRF.DE vs. EMEH.DE - Expense Ratio Comparison
ASRF.DE has a 0.25% expense ratio, which is lower than EMEH.DE's 0.39% expense ratio.
Dividends
ASRF.DE vs. EMEH.DE - Dividend Comparison
Neither ASRF.DE nor EMEH.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRF.DE and EMEH.DE have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRF.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRF.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for EMEH.DE.
ASRF.DE is categorized as European High Yield Bonds, while EMEH.DE is Commodities. ASRF.DE tracks Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel, while EMEH.DE tracks BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged). Their fees differ too: 0.25% for ASRF.DE and 0.39% for EMEH.DE.
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