ASRW.DE vs. EMEH.DE
ASRW.DE (BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF USD Acc) and EMEH.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) are both exchange-traded funds - ASRW.DE is a Global Equities fund tracking the MSCI World ESG Filtered Min TE, while EMEH.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged). Both are passively managed. Over the past 3 years, ASRW.DE returned 20.46%/yr vs 19.81%/yr for EMEH.DE. At a 0.28 correlation, their price movements are largely independent. ASRW.DE charges 0.15%/yr vs 0.39%/yr for EMEH.DE.
Performance
ASRW.DE vs. EMEH.DE - Performance Comparison
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Different Trading Currencies
ASRW.DE is traded in USD, while EMEH.DE is traded in EUR. To make them comparable, the EMEH.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ASRW.DE achieves a 9.41% return, which is significantly lower than EMEH.DE's 19.93% return.
ASRW.DE
- 1D
- 0.12%
- 1M
- 4.11%
- YTD
- 9.41%
- 6M
- 10.89%
- 1Y
- 25.63%
- 3Y*
- 20.46%
- 5Y*
- —
- 10Y*
- —
EMEH.DE
- 1D
- -0.43%
- 1M
- -1.65%
- YTD
- 19.93%
- 6M
- 24.62%
- 1Y
- 46.70%
- 3Y*
- 19.81%
- 5Y*
- 10.32%
- 10Y*
- —
ASRW.DE vs. EMEH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ASRW.DE BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF USD Acc | 9.41% | 20.73% | 18.27% | 21.79% | 8.82% |
EMEH.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 19.93% | 41.56% | 0.53% | -9.49% | 14.14% |
Correlation
The correlation between ASRW.DE and EMEH.DE is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2022 | 0.28 |
Over the past year, the correlation between ASRW.DE and EMEH.DE has dropped to 0.05 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
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Return for Risk
ASRW.DE vs. EMEH.DE — Risk / Return Rank
ASRW.DE
EMEH.DE
ASRW.DE vs. EMEH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF USD Acc (ASRW.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.
| ASRW.DE | EMEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.44 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 4.63 | -1.65 |
| Martin ratioReturn relative to average drawdown | 12.66 | 15.61 | -2.95 |
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
| ASRW.DE | EMEH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.46 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | -0.46 | +2.00 |
Drawdowns
ASRW.DE vs. EMEH.DE - Drawdown Comparison
The maximum ASRW.DE drawdown since its inception was -16.82%, smaller than the maximum EMEH.DE drawdown of -93.42%. Use the drawdown chart below to compare losses from any high point for ASRW.DE and EMEH.DE.
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Drawdown Indicators
| ASRW.DE | EMEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.82% | -93.42% | +76.60% |
Max Drawdown (1Y)Largest decline over 1 year | -8.56% | -10.04% | +1.48% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -14.42% | -2.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.67% | — |
Current DrawdownCurrent decline from peak | -0.46% | -81.49% | +81.03% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -82.55% | +80.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.98% | -0.96% |
Volatility
ASRW.DE vs. EMEH.DE - Volatility Comparison
The current volatility for BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF USD Acc (ASRW.DE) is 3.35%, while BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (EMEH.DE) has a volatility of 4.54%. This indicates that ASRW.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
| ASRW.DE | EMEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 4.54% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.44% | 16.59% | -7.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 18.87% | -6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.04% | 20.31% | -6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.04% | 35.51% | -21.47% |
ASRW.DE vs. EMEH.DE - Expense Ratio Comparison
ASRW.DE has a 0.15% expense ratio, which is lower than EMEH.DE's 0.39% expense ratio.
Dividends
ASRW.DE vs. EMEH.DE - Dividend Comparison
Neither ASRW.DE nor EMEH.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRW.DE and EMEH.DE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRW.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRW.DE is cheaper with a 0.15% expense ratio, compared with 0.39% for EMEH.DE.
ASRW.DE is categorized as Global Equities, while EMEH.DE is Commodities. ASRW.DE tracks MSCI World ESG Filtered Min TE, while EMEH.DE tracks BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged). Their fees differ too: 0.15% for ASRW.DE and 0.39% for EMEH.DE.
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