EMEH.DE vs. ASRE.DE
EMEH.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and ASRE.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF) are both exchange-traded funds - EMEH.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged), while ASRE.DE is a European Government Bonds fund tracking the J.P. Morgan ESG EMU Government Bond IG 3-5 Year. Both are passively managed. Over the past 5 years, EMEH.DE returned 11.35%/yr vs -0.36%/yr for ASRE.DE. At a correlation of -0.05, they often move in opposite directions. EMEH.DE charges 0.39%/yr vs 0.15%/yr for ASRE.DE.
Performance
EMEH.DE vs. ASRE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMEH.DE achieves a 21.33% return, which is significantly higher than ASRE.DE's -0.12% return.
EMEH.DE
- 1D
- -0.55%
- 1M
- -0.97%
- YTD
- 21.33%
- 6M
- 24.96%
- 1Y
- 44.23%
- 3Y*
- 16.63%
- 5Y*
- 11.35%
- 10Y*
- —
ASRE.DE
- 1D
- 0.06%
- 1M
- 0.36%
- YTD
- -0.12%
- 6M
- -0.11%
- 1Y
- 0.35%
- 3Y*
- 2.70%
- 5Y*
- -0.36%
- 10Y*
- —
EMEH.DE vs. ASRE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMEH.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 21.33% | 25.40% | 6.63% | -12.26% | 11.15% | 16.42% |
ASRE.DE BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF | -0.12% | 2.42% | 2.13% | 5.11% | -9.94% | -0.79% |
Correlation
The correlation between EMEH.DE and ASRE.DE is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | -0.05 |
The correlation between EMEH.DE and ASRE.DE shifts across timeframes, from -0.23 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMEH.DE vs. ASRE.DE — Risk / Return Rank
EMEH.DE
ASRE.DE
EMEH.DE vs. ASRE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (EMEH.DE) and BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.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.
| EMEH.DE | ASRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.33 | ||
| Sortino ratioReturn per unit of downside risk | +2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.03 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 4.95 | 0.15 | +4.81 |
| Martin ratioReturn relative to average drawdown | 14.34 | 0.41 | +13.92 |
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
| EMEH.DE | ASRE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 0.14 | +2.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | -0.10 | +0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.48 | -0.10 | -0.38 |
Drawdowns
EMEH.DE vs. ASRE.DE - Drawdown Comparison
The maximum EMEH.DE drawdown since its inception was -92.42%, which is greater than ASRE.DE's maximum drawdown of -12.01%. Use the drawdown chart below to compare losses from any high point for EMEH.DE and ASRE.DE.
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Drawdown Indicators
| EMEH.DE | ASRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.42% | -12.01% | -80.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -2.40% | -6.49% |
Max Drawdown (3Y)Largest decline over 3 years | -12.28% | -2.40% | -9.88% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | -12.01% | -20.72% |
Current DrawdownCurrent decline from peak | -80.34% | -2.42% | -77.92% |
Average DrawdownAverage peak-to-trough decline | -81.38% | -5.22% | -76.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 0.85% | +2.23% |
Volatility
EMEH.DE vs. ASRE.DE - Volatility Comparison
BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (EMEH.DE) has a higher volatility of 4.15% compared to BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.DE) at 1.03%. This indicates that EMEH.DE's price experiences larger fluctuations and is considered to be riskier than ASRE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMEH.DE | ASRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 1.03% | +3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 15.95% | 2.28% | +13.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.83% | 2.57% | +15.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 3.60% | +13.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.16% | 3.52% | +30.64% |
EMEH.DE vs. ASRE.DE - Expense Ratio Comparison
EMEH.DE has a 0.39% expense ratio, which is higher than ASRE.DE's 0.15% expense ratio.
Dividends
EMEH.DE vs. ASRE.DE - Dividend Comparison
Neither EMEH.DE nor ASRE.DE has paid dividends to shareholders.
Frequently Asked Questions
EMEH.DE and ASRE.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, ASRE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRE.DE is cheaper with a 0.15% expense ratio, compared with 0.39% for EMEH.DE.
EMEH.DE is categorized as Commodities, while ASRE.DE is European Government Bonds. EMEH.DE tracks BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged), while ASRE.DE tracks J.P. Morgan ESG EMU Government Bond IG 3-5 Year. Their fees differ too: 0.39% for EMEH.DE and 0.15% for ASRE.DE.
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