ASRS.DE vs. AIL.DE

Last updated Jun 5, 2026

ASRS.DE (BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation) is Alternative Energy Equities fund tracking the ECPI Global ESG Hydrogen Economy (NR) Index, while AIL.DE (Air Liquide SA) is a stock. Over the past 3 years, ASRS.DE returned 14.78%/yr vs 10.18%/yr for AIL.DE. At a 0.44 correlation, their price movements are largely independent.

Performance

ASRS.DE vs. AIL.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation (ASRS.DE) and Air Liquide SA (AIL.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASRS.DE achieves a 26.24% return, which is significantly higher than AIL.DE's 15.64% return.

ASRS.DE

• 1D: -0.77%
• 1M: 3.54%
• YTD: 26.24%
• 6M: 25.54%
• 1Y: 58.55%
• 3Y*: 14.78%
• 5Y*: —
• 10Y*: —

AIL.DE

• 1D: 1.02%
• 1M: 6.10%
• YTD: 15.64%
• 6M: 13.85%
• 1Y: 1.30%
• 3Y*: 10.18%
• 5Y*: 11.38%
• 10Y*: 13.46%

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

ASRS.DE vs. AIL.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ASRS.DE BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation	26.24%	32.28%	-6.37%	-3.66%	-7.56%
AIL.DE Air Liquide SA	15.64%	5.45%	-1.53%	34.16%	-1.79%

Correlation

The correlation between ASRS.DE and AIL.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022	0.44

Return for Risk

ASRS.DE vs. AIL.DE — Risk / Return Rank

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

ASRS.DE

ASRS.DE Risk / Return Rank: 92
ASRS.DE Sharpe Ratio Rank: 93
ASRS.DE Sortino Ratio Rank: 92
ASRS.DE Omega Ratio Rank: 88
ASRS.DE Calmar Ratio Rank: 95
ASRS.DE Martin Ratio Rank: 94

AIL.DE

AIL.DE Risk / Return Rank: 40
AIL.DE Sharpe Ratio Rank: 43
AIL.DE Sortino Ratio Rank: 35
AIL.DE Omega Ratio Rank: 35
AIL.DE Calmar Ratio Rank: 42
AIL.DE Martin Ratio Rank: 42

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.

ASRS.DE vs. AIL.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation (ASRS.DE) and Air Liquide SA (AIL.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.

	ASRS.DE	AIL.DE	Difference
Sharpe ratio: Return per unit of total volatility	3.34	0.05	+3.30
Sortino ratio: Return per unit of downside risk	4.35	0.20	+4.16
Omega ratio: Gain probability vs. loss probability	1.54	1.02	+0.51
Calmar ratio: Return relative to maximum drawdown	7.74	0.05	+7.69
Martin ratio: Return relative to average drawdown	25.47	0.10	+25.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASRS.DE vs. AIL.DE - Sharpe Ratio Comparison

The current ASRS.DE Sharpe Ratio is 3.34, which is higher than the AIL.DE Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of ASRS.DE and AIL.DE, 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

	ASRS.DE	AIL.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.34	0.05	+3.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.45	0.00

Drawdowns

ASRS.DE vs. AIL.DE - Drawdown Comparison

The maximum ASRS.DE drawdown since its inception was -36.11%, smaller than the maximum AIL.DE drawdown of -39.86%. Use the drawdown chart below to compare losses from any high point for ASRS.DE and AIL.DE.

Drawdown Indicators

	ASRS.DE	AIL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.11%	-39.86%	+3.75%
Max Drawdown (1Y) Largest decline over 1 year	-7.68%	-15.87%	+8.19%
Max Drawdown (3Y) Largest decline over 3 years	-25.20%	-16.33%	-8.87%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.48%	—
Current Drawdown Current decline from peak	-2.31%	-1.48%	-0.83%
Average Drawdown Average peak-to-trough decline	-15.73%	-7.34%	-8.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	7.99%	-5.65%

Volatility

ASRS.DE vs. AIL.DE - Volatility Comparison

The current volatility for BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation (ASRS.DE) is 6.05%, while Air Liquide SA (AIL.DE) has a volatility of 6.63%. This indicates that ASRS.DE experiences smaller price fluctuations and is considered to be less risky than AIL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASRS.DE	AIL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.05%	6.63%	-0.58%
Volatility (6M) Calculated over the trailing 6-month period	12.94%	14.02%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	17.79%	17.42%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.05%	19.34%	-1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.05%	20.44%	-2.39%

Dividends

ASRS.DE vs. AIL.DE - Dividend Comparison

ASRS.DE has not paid dividends to shareholders, while AIL.DE's dividend yield for the trailing twelve months is around 2.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIL.DE Air Liquide SA	2.04%	2.06%	1.88%	1.67%	1.97%	1.79%	2.00%	1.90%	2.49%	2.24%	2.49%	2.49%
ASRS.DE BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASRS.DE and AIL.DE in my portfolio?

ASRS.DE and AIL.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.