BNQP.DE vs. ASRF.DE
BNQP.DE (BNPP RICI Kupfer (TR) Enhanced ETC) and ASRF.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc) are both exchange-traded funds - BNQP.DE is a Metals fund tracking the RICI Enhanced Copper, 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, BNQP.DE returned 9.93%/yr vs 2.26%/yr for ASRF.DE. At a 0.09 correlation, their price movements are largely independent. BNQP.DE charges 1.00%/yr vs 0.25%/yr for ASRF.DE.
Performance
BNQP.DE vs. ASRF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BNQP.DE achieves a 12.82% return, which is significantly higher than ASRF.DE's 0.70% return.
BNQP.DE
- 1D
- 0.72%
- 1M
- 6.09%
- YTD
- 12.82%
- 6M
- 23.25%
- 1Y
- 42.24%
- 3Y*
- 17.47%
- 5Y*
- 9.93%
- 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*
- —
BNQP.DE vs. ASRF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BNQP.DE BNPP RICI Kupfer (TR) Enhanced ETC | 12.82% | 20.92% | 16.44% | 2.18% | -3.18% | 10.67% |
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 BNQP.DE and ASRF.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.09 |
The correlation between BNQP.DE and ASRF.DE shifts across timeframes, from 0.09 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BNQP.DE vs. ASRF.DE — Risk / Return Rank
BNQP.DE
ASRF.DE
BNQP.DE vs. ASRF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNPP RICI Kupfer (TR) Enhanced ETC (BNQP.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.
| BNQP.DE | ASRF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.18 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 1.09 | +3.78 |
| Martin ratioReturn relative to average drawdown | 16.92 | 4.34 | +12.58 |
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
| BNQP.DE | ASRF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 0.93 | +1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.43 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.45 | +0.21 |
Drawdowns
BNQP.DE vs. ASRF.DE - Drawdown Comparison
The maximum BNQP.DE drawdown since its inception was -29.03%, 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 BNQP.DE and ASRF.DE.
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Drawdown Indicators
| BNQP.DE | ASRF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.03% | -16.76% | -12.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -3.25% | -5.38% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -3.86% | -14.07% |
Max Drawdown (5Y)Largest decline over 5 years | -25.14% | -16.76% | -8.38% |
Current DrawdownCurrent decline from peak | -1.26% | -0.34% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -9.15% | -4.24% | -4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 0.82% | +1.67% |
Volatility
BNQP.DE vs. ASRF.DE - Volatility Comparison
BNPP RICI Kupfer (TR) Enhanced ETC (BNQP.DE) has a higher volatility of 5.70% compared to BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc (ASRF.DE) at 1.05%. This indicates that BNQP.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
| BNQP.DE | ASRF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 1.05% | +4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 3.20% | +12.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.07% | 3.80% | +15.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 5.85% | +13.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 5.83% | +12.95% |
BNQP.DE vs. ASRF.DE - Expense Ratio Comparison
BNQP.DE has a 1.00% expense ratio, which is higher than ASRF.DE's 0.25% expense ratio.
Dividends
BNQP.DE vs. ASRF.DE - Dividend Comparison
Neither BNQP.DE nor ASRF.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQP.DE and ASRF.DE have a correlation of 0.23, 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 1.00% for BNQP.DE.
BNQP.DE is categorized as Metals, while ASRF.DE is European High Yield Bonds. BNQP.DE tracks RICI Enhanced Copper, while ASRF.DE tracks Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel. Their fees differ too: 1.00% for BNQP.DE and 0.25% for ASRF.DE.
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