GSDE.DE vs. ASRF.DE
GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and ASRF.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc) are both exchange-traded funds - GSDE.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll, 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, GSDE.DE returned 14.84%/yr vs 2.26%/yr for ASRF.DE. At a correlation of -0.00, they often move in opposite directions. GSDE.DE charges 0.39%/yr vs 0.25%/yr for ASRF.DE.
Performance
GSDE.DE vs. ASRF.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GSDE.DE achieves a 23.86% return, which is significantly higher than ASRF.DE's 0.70% return.
GSDE.DE
- 1D
- -0.69%
- 1M
- -0.24%
- YTD
- 23.86%
- 6M
- 26.63%
- 1Y
- 44.74%
- 3Y*
- 15.82%
- 5Y*
- 14.84%
- 10Y*
- 9.70%
ASRF.DE
- 1D
- 0.10%
- 1M
- 1.10%
- YTD
- 0.70%
- 6M
- 1.24%
- 1Y
- 3.56%
- 3Y*
- 6.65%
- 5Y*
- 2.26%
- 10Y*
- —
GSDE.DE vs. ASRF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GSDE.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 23.86% | 13.74% | 14.93% | -12.88% | 21.59% | 24.88% |
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 GSDE.DE and ASRF.DE is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | -0.00 |
The correlation between GSDE.DE and ASRF.DE shifts across timeframes, from -0.17 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GSDE.DE vs. ASRF.DE — Risk / Return Rank
GSDE.DE
ASRF.DE
GSDE.DE vs. ASRF.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 (GSDE.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.
| GSDE.DE | ASRF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.18 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | 1.09 | +4.56 |
| Martin ratioReturn relative to average drawdown | 12.60 | 4.34 | +8.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GSDE.DE | ASRF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 0.93 | +1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.43 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.45 | -0.36 |
Drawdowns
GSDE.DE vs. ASRF.DE - Drawdown Comparison
The maximum GSDE.DE drawdown since its inception was -68.91%, 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 GSDE.DE and ASRF.DE.
Loading charts...
Drawdown Indicators
| GSDE.DE | ASRF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.91% | -16.76% | -52.15% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | -3.25% | -4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -15.25% | -3.86% | -11.39% |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | -16.76% | -12.96% |
Max Drawdown (10Y)Largest decline over 10 years | -29.72% | — | — |
Current DrawdownCurrent decline from peak | -6.40% | -0.34% | -6.06% |
Average DrawdownAverage peak-to-trough decline | -44.09% | -4.24% | -39.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 0.82% | +2.72% |
Volatility
GSDE.DE vs. ASRF.DE - Volatility Comparison
BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) has a higher volatility of 4.51% compared to BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc (ASRF.DE) at 1.05%. This indicates that GSDE.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.
Loading charts...
Volatility by Period
| GSDE.DE | ASRF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 1.05% | +3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 16.35% | 3.20% | +13.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.80% | 3.80% | +15.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 5.85% | +11.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 5.83% | +9.93% |
GSDE.DE vs. ASRF.DE - Expense Ratio Comparison
GSDE.DE has a 0.39% expense ratio, which is higher than ASRF.DE's 0.25% expense ratio.
Dividends
GSDE.DE vs. ASRF.DE - Dividend Comparison
Neither GSDE.DE nor ASRF.DE has paid dividends to shareholders.
Frequently Asked Questions
GSDE.DE and ASRF.DE have a correlation of -0.17, 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 0.39% for GSDE.DE.
GSDE.DE is categorized as Commodities, while ASRF.DE is European High Yield Bonds. GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll, while ASRF.DE tracks Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel. Their fees differ too: 0.39% for GSDE.DE and 0.25% for ASRF.DE.
Find the right allocation for GSDE.DE and ASRF.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer