BNQL.DE vs. ASRD.DE
BNQL.DE (BNP Paribas Palladium ETC) and ASRD.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged) are both exchange-traded funds - BNQL.DE is a Precious Metals fund tracking the Palladium Spot Price, while ASRD.DE is a Emerging Markets Bonds fund tracking the JP Morgan ESG EMBI Global Diversified (EUR Hedged). Both are passively managed. Over the past 5 years, BNQL.DE returned -14.19%/yr vs -0.44%/yr for ASRD.DE. At a 0.14 correlation, their price movements are largely independent. BNQL.DE charges 0.99%/yr vs 0.25%/yr for ASRD.DE.
Performance
BNQL.DE vs. ASRD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BNQL.DE achieves a -17.76% return, which is significantly lower than ASRD.DE's 0.59% return.
BNQL.DE
- 1D
- -1.06%
- 1M
- -11.56%
- YTD
- -17.76%
- 6M
- -8.41%
- 1Y
- 29.07%
- 3Y*
- -5.67%
- 5Y*
- -14.19%
- 10Y*
- —
ASRD.DE
- 1D
- 0.37%
- 1M
- 0.84%
- YTD
- 0.59%
- 6M
- 1.27%
- 1Y
- 8.54%
- 3Y*
- 6.91%
- 5Y*
- -0.44%
- 10Y*
- —
BNQL.DE vs. ASRD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BNQL.DE BNP Paribas Palladium ETC | -17.76% | 58.42% | -16.10% | -40.26% | -4.34% | -10.50% |
ASRD.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged | 0.59% | 11.16% | 3.52% | 6.69% | -19.97% | 0.96% |
Correlation
The correlation between BNQL.DE and ASRD.DE is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.14 |
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Return for Risk
BNQL.DE vs. ASRD.DE — Risk / Return Rank
BNQL.DE
ASRD.DE
BNQL.DE vs. ASRD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Palladium ETC (BNQL.DE) and BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged (ASRD.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.
| BNQL.DE | ASRD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.78 | -1.01 |
| Martin ratioReturn relative to average drawdown | 1.68 | 6.57 | -4.89 |
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
| BNQL.DE | ASRD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.43 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.05 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | -0.00 | +0.11 |
Drawdowns
BNQL.DE vs. ASRD.DE - Drawdown Comparison
The maximum BNQL.DE drawdown since its inception was -73.80%, which is greater than ASRD.DE's maximum drawdown of -29.54%. Use the drawdown chart below to compare losses from any high point for BNQL.DE and ASRD.DE.
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Drawdown Indicators
| BNQL.DE | ASRD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -29.54% | -44.26% |
Max Drawdown (1Y)Largest decline over 1 year | -37.28% | -4.77% | -32.51% |
Max Drawdown (3Y)Largest decline over 3 years | -43.58% | -8.03% | -35.55% |
Max Drawdown (5Y)Largest decline over 5 years | -73.80% | -29.54% | -44.26% |
Current DrawdownCurrent decline from peak | -61.09% | -4.16% | -56.93% |
Average DrawdownAverage peak-to-trough decline | -32.15% | -13.13% | -19.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.30% | 1.30% | +16.00% |
Volatility
BNQL.DE vs. ASRD.DE - Volatility Comparison
BNP Paribas Palladium ETC (BNQL.DE) has a higher volatility of 10.31% compared to BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF EUR Hedged (ASRD.DE) at 1.86%. This indicates that BNQL.DE's price experiences larger fluctuations and is considered to be riskier than ASRD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNQL.DE | ASRD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 1.86% | +8.45% |
Volatility (6M)Calculated over the trailing 6-month period | 37.75% | 4.97% | +32.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.71% | 5.97% | +39.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.30% | 9.06% | +36.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.77% | 8.96% | +31.81% |
BNQL.DE vs. ASRD.DE - Expense Ratio Comparison
BNQL.DE has a 0.99% expense ratio, which is higher than ASRD.DE's 0.25% expense ratio.
Dividends
BNQL.DE vs. ASRD.DE - Dividend Comparison
Neither BNQL.DE nor ASRD.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQL.DE and ASRD.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRD.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRD.DE is cheaper with a 0.25% expense ratio, compared with 0.99% for BNQL.DE.
BNQL.DE is categorized as Precious Metals, while ASRD.DE is Emerging Markets Bonds. BNQL.DE tracks Palladium Spot Price, while ASRD.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged). Their fees differ too: 0.99% for BNQL.DE and 0.25% for ASRD.DE.
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