ASR5.DE vs. SYBD.DE
ASR5.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB 3-5Y UCITS ETF) and SYBD.DE (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) are both European Corporate Bonds funds - ASR5.DE tracks the Bloomberg MSCI 3-5Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB while SYBD.DE tracks the Bloomberg Euro Corporate Bond 0-3. Both are passively managed. Over the past 5 years, ASR5.DE returned 0.40%/yr vs 1.60%/yr for SYBD.DE. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
ASR5.DE vs. SYBD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASR5.DE achieves a 0.44% return, which is significantly lower than SYBD.DE's 0.63% return.
ASR5.DE
- 1D
- 0.11%
- 1M
- -0.44%
- 6M
- 0.01%
- YTD
- 0.44%
- 1Y
- 1.20%
- 3Y*
- 4.45%
- 5Y*
- 0.40%
- 10Y*
- —
SYBD.DE
- 1D
- -0.20%
- 1M
- -0.10%
- 6M
- 0.44%
- YTD
- 0.63%
- 1Y
- 1.46%
- 3Y*
- 3.58%
- 5Y*
- 1.60%
- 10Y*
- 0.84%
ASR5.DE vs. SYBD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ASR5.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 3-5Y UCITS ETF | 0.44% | 3.51% | 4.28% | 7.05% | -11.40% | -0.50% | 1.40% | -0.10% |
SYBD.DE SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 0.63% | 2.97% | 4.35% | 4.07% | -3.54% | -0.13% | 0.14% | 0.03% |
Correlation
The correlation between ASR5.DE and SYBD.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2019 | 0.46 |
The correlation between ASR5.DE and SYBD.DE shifts across timeframes, from 0.35 (1 year) to 0.51 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ASR5.DE vs. SYBD.DE — Risk / Return Rank
ASR5.DE
SYBD.DE
ASR5.DE vs. SYBD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy EUR Corporate Bond SRI PAB 3-5Y UCITS ETF (ASR5.DE) and SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASR5.DE | SYBD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.14 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 1.56 | -1.07 |
| Martin ratioReturn relative to average drawdown | 1.70 | 5.81 | -4.11 |
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Drawdowns
ASR5.DE vs. SYBD.DE - Drawdown Comparison
The maximum ASR5.DE drawdown since its inception was -14.16%, which is greater than SYBD.DE's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for ASR5.DE and SYBD.DE.
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Drawdown Indicators
| ASR5.DE | SYBD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.16% | -8.77% | -5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -0.93% | -1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -2.44% | -0.93% | -1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -14.16% | -4.98% | -9.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.77% | — |
Current DrawdownCurrent decline from peak | -0.65% | -0.40% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -0.71% | -3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.25% | +0.45% |
Volatility
ASR5.DE vs. SYBD.DE - Volatility Comparison
BNP Paribas Easy EUR Corporate Bond SRI PAB 3-5Y UCITS ETF (ASR5.DE) has a higher volatility of 0.81% compared to SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.DE) at 0.54%. This indicates that ASR5.DE's price experiences larger fluctuations and is considered to be riskier than SYBD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASR5.DE | SYBD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.54% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 1.86% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 2.27% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.96% | 1.99% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.18% | 3.01% | +1.17% |
ASR5.DE vs. SYBD.DE - Expense Ratio Comparison
Both ASR5.DE and SYBD.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ASR5.DE vs. SYBD.DE - Dividend Comparison
ASR5.DE's dividend yield for the trailing twelve months is around 2.51%, less than SYBD.DE's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASR5.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 3-5Y UCITS ETF | 2.51% | 3.10% | 3.44% | 0.97% | 1.26% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBD.DE SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 2.96% | 3.05% | 2.59% | 1.27% | 0.19% | 0.30% | 0.24% | 0.17% | 0.11% | 0.28% | 0.50% | 0.72% |
Frequently Asked Questions
ASR5.DE and SYBD.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ASR5.DE and SYBD.DE have the same expense ratio: 0.20% per year.
ASR5.DE tracks Bloomberg MSCI 3-5Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB, while SYBD.DE tracks Bloomberg Euro Corporate Bond 0-3. They also come from different issuers: BNP Paribas and State Street.
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