BNQL.DE vs. ASRF.DE
BNQL.DE (BNP Paribas Palladium ETC) and ASRF.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc) are both exchange-traded funds - BNQL.DE is a Precious Metals fund tracking the Palladium Spot Price, while ASRF.DE is a European High Yield Bonds fund tracking the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel. Both are passively managed. Over the past 5 years, BNQL.DE returned -14.19%/yr vs 2.26%/yr for ASRF.DE. At a 0.23 correlation, their price movements are largely independent. BNQL.DE charges 0.99%/yr vs 0.25%/yr for ASRF.DE.
Performance
BNQL.DE vs. ASRF.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 ASRF.DE's 0.70% 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*
- —
ASRF.DE
- 1D
- 0.10%
- 1M
- 1.10%
- YTD
- 0.70%
- 6M
- 1.24%
- 1Y
- 3.56%
- 3Y*
- 6.65%
- 5Y*
- 2.26%
- 10Y*
- —
BNQL.DE vs. ASRF.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% | -24.52% |
ASRF.DE BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc | 0.70% | 4.66% | 6.57% | 11.42% | -11.08% | 1.06% |
Correlation
The correlation between BNQL.DE and ASRF.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.23 |
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Return for Risk
BNQL.DE vs. ASRF.DE — Risk / Return Rank
BNQL.DE
ASRF.DE
BNQL.DE vs. ASRF.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 EUR High Yield SRI Fossil Free UCITS ETF Acc (ASRF.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 | ASRF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.18 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.09 | -0.31 |
| Martin ratioReturn relative to average drawdown | 1.68 | 4.34 | -2.66 |
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 | ASRF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.93 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.43 | -0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.45 | -0.34 |
Drawdowns
BNQL.DE vs. ASRF.DE - Drawdown Comparison
The maximum BNQL.DE drawdown since its inception was -73.80%, which is greater than ASRF.DE's maximum drawdown of -16.76%. Use the drawdown chart below to compare losses from any high point for BNQL.DE and ASRF.DE.
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Drawdown Indicators
| BNQL.DE | ASRF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -16.76% | -57.04% |
Max Drawdown (1Y)Largest decline over 1 year | -37.28% | -3.25% | -34.03% |
Max Drawdown (3Y)Largest decline over 3 years | -43.58% | -3.86% | -39.72% |
Max Drawdown (5Y)Largest decline over 5 years | -73.80% | -16.76% | -57.04% |
Current DrawdownCurrent decline from peak | -61.09% | -0.34% | -60.75% |
Average DrawdownAverage peak-to-trough decline | -32.15% | -4.24% | -27.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.30% | 0.82% | +16.48% |
Volatility
BNQL.DE vs. ASRF.DE - Volatility Comparison
BNP Paribas Palladium ETC (BNQL.DE) has a higher volatility of 10.31% compared to BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc (ASRF.DE) at 1.05%. This indicates that BNQL.DE's price experiences larger fluctuations and is considered to be riskier than ASRF.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 | ASRF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 1.05% | +9.26% |
Volatility (6M)Calculated over the trailing 6-month period | 37.75% | 3.20% | +34.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.71% | 3.80% | +41.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.30% | 5.85% | +39.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.77% | 5.83% | +34.94% |
BNQL.DE vs. ASRF.DE - Expense Ratio Comparison
BNQL.DE has a 0.99% expense ratio, which is higher than ASRF.DE's 0.25% expense ratio.
Dividends
BNQL.DE vs. ASRF.DE - Dividend Comparison
Neither BNQL.DE nor ASRF.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQL.DE and ASRF.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRF.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRF.DE is cheaper with a 0.25% expense ratio, compared with 0.99% for BNQL.DE.
BNQL.DE is categorized as Precious Metals, while ASRF.DE is European High Yield Bonds. BNQL.DE tracks Palladium Spot Price, while ASRF.DE tracks Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel. Their fees differ too: 0.99% for BNQL.DE and 0.25% for ASRF.DE.
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