BAI vs. ASMH

Last updated Jun 4, 2026

BAI (iShares A.I. Innovation and Tech Active ETF) and ASMH (ASML Holding NV ADR Hedged ETF) are both Technology Equities funds. BAI is actively managed, while ASMH is passively managed. Over the past year, BAI returned 97.95% vs 130.11% for ASMH. A 0.62 correlation means they provide meaningful diversification when combined. BAI charges 0.55%/yr vs 0.19%/yr for ASMH.

Performance

BAI vs. ASMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares A.I. Innovation and Tech Active ETF (BAI) and ASML Holding NV ADR Hedged ETF (ASMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAI achieves a 55.29% return, which is significantly lower than ASMH's 63.99% return.

BAI

• 1D: -0.40%
• 1M: 18.14%
• YTD: 55.29%
• 6M: 51.89%
• 1Y: 97.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASMH

• 1D: 1.53%
• 1M: 25.24%
• YTD: 63.99%
• 6M: 53.18%
• 1Y: 130.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BAI vs. ASMH - Yearly Performance Comparison

	2026 (YTD)	2025
BAI iShares A.I. Innovation and Tech Active ETF	55.29%	59.95%
ASMH ASML Holding NV ADR Hedged ETF	63.99%	58.84%

Correlation

The correlation between BAI and ASMH is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (All Time) Calculated using the full available price history since Apr 24, 2025	0.62

The correlation between BAI and ASMH has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.

Return for Risk

BAI vs. ASMH — Risk / Return Rank

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

BAI

BAI Risk / Return Rank: 82
BAI Sharpe Ratio Rank: 89
BAI Sortino Ratio Rank: 74
BAI Omega Ratio Rank: 75
BAI Calmar Ratio Rank: 92
BAI Martin Ratio Rank: 82

ASMH

ASMH Risk / Return Rank: 88
ASMH Sharpe Ratio Rank: 92
ASMH Sortino Ratio Rank: 85
ASMH Omega Ratio Rank: 79
ASMH Calmar Ratio Rank: 95
ASMH Martin Ratio Rank: 90

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.

BAI vs. ASMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares A.I. Innovation and Tech Active ETF (BAI) and ASML Holding NV ADR Hedged ETF (ASMH). 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.

	BAI	ASMH	Difference
Sharpe ratio: Return per unit of total volatility	3.04	3.36	-0.32
Sortino ratio: Return per unit of downside risk	3.41	3.81	-0.40
Omega ratio: Gain probability vs. loss probability	1.46	1.47	-0.01
Calmar ratio: Return relative to maximum drawdown	6.07	8.24	-2.17
Martin ratio: Return relative to average drawdown	16.57	21.26	-4.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BAI vs. ASMH - Sharpe Ratio Comparison

The current BAI Sharpe Ratio is 3.04, which is comparable to the ASMH Sharpe Ratio of 3.36. The chart below compares the historical Sharpe Ratios of BAI and ASMH, 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

	BAI	ASMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.04	3.36	-0.32
Sharpe Ratio (All Time) Calculated using the full available price history	1.69	3.59	-1.91

Drawdowns

BAI vs. ASMH - Drawdown Comparison

The maximum BAI drawdown since its inception was -34.09%, which is greater than ASMH's maximum drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for BAI and ASMH.

Drawdown Indicators

	BAI	ASMH	Difference
Max Drawdown Largest peak-to-trough decline	-34.09%	-15.89%	-18.20%
Max Drawdown (1Y) Largest decline over 1 year	-16.22%	-15.89%	-0.33%
Current Drawdown Current decline from peak	-0.40%	0.00%	-0.40%
Average Drawdown Average peak-to-trough decline	-6.93%	-4.33%	-2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.93%	6.14%	-0.21%

Volatility

BAI vs. ASMH - Volatility Comparison

The current volatility for iShares A.I. Innovation and Tech Active ETF (BAI) is 11.32%, while ASML Holding NV ADR Hedged ETF (ASMH) has a volatility of 13.84%. This indicates that BAI experiences smaller price fluctuations and is considered to be less risky than ASMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAI	ASMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.32%	13.84%	-2.52%
Volatility (6M) Calculated over the trailing 6-month period	26.16%	30.43%	-4.27%
Volatility (1Y) Calculated over the trailing 1-year period	32.43%	38.94%	-6.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.06%	38.32%	-3.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.06%	38.32%	-3.26%

BAI vs. ASMH - Expense Ratio Comparison

BAI has a 0.55% expense ratio, which is higher than ASMH's 0.19% expense ratio.

Dividends

BAI vs. ASMH - Dividend Comparison

BAI's dividend yield for the trailing twelve months is around 1.16%, more than ASMH's 0.99% yield.

Position	TTM	2025
ASMH ASML Holding NV ADR Hedged ETF	0.99%	0.19%
BAI iShares A.I. Innovation and Tech Active ETF	1.16%	1.80%

Frequently Asked Questions

Can I hold both BAI and ASMH in my portfolio?

BAI and ASMH have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAI or ASMH?

ASMH has higher volatility (13.84%) compared to BAI (11.32%). In terms of maximum drawdown, BAI dropped -34.09% vs ASMH's -15.89%.

Which ETF is better, BAI or ASMH?

On 1-year performance, ASMH leads with 130.11% vs 97.95% for BAI. On fees, ASMH is cheaper at 0.19% per year. On volatility, BAI has been the lower-risk option at 11.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BAI or ASMH?

Over the 1-year period, ASMH has performed better with a 130.11% return vs 97.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BAI or ASMH?

ASMH is cheaper with a 0.19% expense ratio, compared with 0.55% for BAI.

Which ETF pays a higher dividend yield, BAI or ASMH?

BAI has the higher dividend yield at 1.16%, compared with 0.99% for ASMH.

What is the main difference between BAI and ASMH?

They also come from different issuers: iShares and Precidian Funds. Their fees differ too: 0.55% for BAI and 0.19% for ASMH.

Which has better risk-adjusted returns?

ASMH currently has the higher Sharpe Ratio (3.36 vs 3.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.