BATE.DE vs. ASRS.DE

Last updated Jun 26, 2026

BATE.DE (Legal & General Battery Value-Chain UCITS ETF) and ASRS.DE (BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation) are both exchange-traded funds - BATE.DE is a Lithium & Battery Metals fund tracking the Solactive Battery Value-Chain Index, while ASRS.DE is a Alternative Energy Equities fund tracking the ECPI Global ESG Hydrogen Economy (NR) Index. Both are passively managed. Over the past 3 years, BATE.DE returned 20.29%/yr vs 15.07%/yr for ASRS.DE. A 0.71 correlation means they provide meaningful diversification when combined. BATE.DE charges 0.49%/yr vs 0.30%/yr for ASRS.DE.

Performance

BATE.DE vs. ASRS.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Legal & General Battery Value-Chain UCITS ETF (BATE.DE) and BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation (ASRS.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BATE.DE achieves a 20.81% return, which is significantly lower than ASRS.DE's 25.73% return.

BATE.DE

• 1D: -2.30%
• 1M: -10.92%
• YTD: 20.81%
• 6M: 21.86%
• 1Y: 101.45%
• 3Y*: 20.29%
• 5Y*: 14.60%
• 10Y*: —

ASRS.DE

• 1D: 0.00%
• 1M: -2.71%
• YTD: 25.73%
• 6M: 26.81%
• 1Y: 58.95%
• 3Y*: 15.07%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
BATE.DE Legal & General Battery Value-Chain UCITS ETF	20.81%	54.92%	4.47%	5.32%	-0.34%
ASRS.DE BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation	25.73%	32.28%	-6.37%	-3.66%	-7.70%

Correlation

The correlation between BATE.DE and ASRS.DE is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022	0.71

The correlation between BATE.DE and ASRS.DE has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.

Return for Risk

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

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

BATE.DE

BATE.DE Risk / Return Rank: 93
BATE.DE Sharpe Ratio Rank: 95
BATE.DE Sortino Ratio Rank: 91
BATE.DE Omega Ratio Rank: 89
BATE.DE Calmar Ratio Rank: 95
BATE.DE Martin Ratio Rank: 94

ASRS.DE

ASRS.DE Risk / Return Rank: 94
ASRS.DE Sharpe Ratio Rank: 95
ASRS.DE Sortino Ratio Rank: 94
ASRS.DE Omega Ratio Rank: 91
ASRS.DE Calmar Ratio Rank: 96
ASRS.DE Martin Ratio Rank: 94

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.

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

This table presents a comparison of risk-adjusted performance metrics for Legal & General Battery Value-Chain UCITS ETF (BATE.DE) and BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation (ASRS.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BATE.DE	ASRS.DE	Difference
Sharpe ratio: Return per unit of total volatility	3.29	3.28	+0.01
Sortino ratio: Return per unit of downside risk	3.78	4.19	-0.41
Omega ratio: Gain probability vs. loss probability	1.49	1.52	-0.03
Calmar ratio: Return relative to maximum drawdown	6.67	7.71	-1.04
Martin ratio: Return relative to average drawdown	22.65	24.16	-1.51

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

The current BATE.DE Sharpe Ratio is 3.29, which is comparable to the ASRS.DE Sharpe Ratio of 3.28. The chart below compares the historical Sharpe Ratios of BATE.DE and ASRS.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.

Drawdowns

BATE.DE vs. ASRS.DE - Drawdown Comparison

The maximum BATE.DE drawdown since its inception was -36.43%, roughly equal to the maximum ASRS.DE drawdown of -36.11%. Use the drawdown chart below to compare losses from any high point for BATE.DE and ASRS.DE.

Drawdown Indicators

	BATE.DE	ASRS.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.43%	-36.11%	-0.32%
Max Drawdown (1Y) Largest decline over 1 year	-15.12%	-7.68%	-7.44%
Max Drawdown (3Y) Largest decline over 3 years	-34.05%	-25.09%	-8.96%
Max Drawdown (5Y) Largest decline over 5 years	-34.05%	—	—
Current Drawdown Current decline from peak	-13.66%	-2.71%	-10.95%
Average Drawdown Average peak-to-trough decline	-8.26%	-15.56%	+7.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	2.45%	+2.01%

Volatility

BATE.DE vs. ASRS.DE - Volatility Comparison

Legal & General Battery Value-Chain UCITS ETF (BATE.DE) has a higher volatility of 10.20% compared to BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR Capitalisation (ASRS.DE) at 4.44%. This indicates that BATE.DE's price experiences larger fluctuations and is considered to be riskier than ASRS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BATE.DE	ASRS.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.20%	4.44%	+5.76%
Volatility (6M) Calculated over the trailing 6-month period	24.43%	13.23%	+11.20%
Volatility (1Y) Calculated over the trailing 1-year period	30.65%	18.06%	+12.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.62%	18.05%	+5.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.57%	18.05%	+5.52%

BATE.DE vs. ASRS.DE - Expense Ratio Comparison

BATE.DE has a 0.49% expense ratio, which is higher than ASRS.DE's 0.30% expense ratio.

Dividends

BATE.DE vs. ASRS.DE - Dividend Comparison

Neither BATE.DE nor ASRS.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

BATE.DE and ASRS.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BATE.DE or ASRS.DE?

On fees, ASRS.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BATE.DE or ASRS.DE?

ASRS.DE is cheaper with a 0.30% expense ratio, compared with 0.49% for BATE.DE.

What is the main difference between BATE.DE and ASRS.DE?

BATE.DE is categorized as Lithium & Battery Metals, while ASRS.DE is Alternative Energy Equities. BATE.DE tracks Solactive Battery Value-Chain Index, while ASRS.DE tracks ECPI Global ESG Hydrogen Economy (NR) Index. They also come from different issuers: Legal & General and BNP Paribas Easy. Their fees differ too: 0.49% for BATE.DE and 0.30% for ASRS.DE.