ASRF.DE vs. AHYE.DE
ASRF.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc) and AHYE.DE (Amundi Euro High Yield Bond ESG UCITS ETF EUR) are both European High Yield Bonds funds - ASRF.DE tracks the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel while AHYE.DE tracks the iBoxx MSCI ESG EUR High Yield Corporates. Both are passively managed. Over the past 5 years, ASRF.DE returned 2.26%/yr vs 1.77%/yr for AHYE.DE. A 0.65 correlation means they provide meaningful diversification when combined. ASRF.DE charges 0.25%/yr vs 0.40%/yr for AHYE.DE.
Performance
ASRF.DE vs. AHYE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASRF.DE achieves a 0.70% return, which is significantly higher than AHYE.DE's 0.37% return.
ASRF.DE
- 1D
- 0.10%
- 1M
- 1.10%
- YTD
- 0.70%
- 6M
- 1.24%
- 1Y
- 3.56%
- 3Y*
- 6.65%
- 5Y*
- 2.26%
- 10Y*
- —
AHYE.DE
- 1D
- -0.11%
- 1M
- 0.92%
- YTD
- 0.37%
- 6M
- 0.77%
- 1Y
- 3.25%
- 3Y*
- 6.16%
- 5Y*
- 1.77%
- 10Y*
- 2.89%
ASRF.DE vs. AHYE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
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% |
AHYE.DE Amundi Euro High Yield Bond ESG UCITS ETF EUR | 0.37% | 5.51% | 5.40% | 10.19% | -10.53% | -0.46% |
Correlation
The correlation between ASRF.DE and AHYE.DE is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.65 |
The correlation between ASRF.DE and AHYE.DE has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.
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Return for Risk
ASRF.DE vs. AHYE.DE — Risk / Return Rank
ASRF.DE
AHYE.DE
ASRF.DE vs. AHYE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc (ASRF.DE) and Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.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.
| ASRF.DE | AHYE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.01 | +0.08 |
| Martin ratioReturn relative to average drawdown | 4.34 | 4.06 | +0.27 |
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
| ASRF.DE | AHYE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.01 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.31 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.39 | +0.05 |
Drawdowns
ASRF.DE vs. AHYE.DE - Drawdown Comparison
The maximum ASRF.DE drawdown since its inception was -16.76%, smaller than the maximum AHYE.DE drawdown of -23.41%. Use the drawdown chart below to compare losses from any high point for ASRF.DE and AHYE.DE.
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Drawdown Indicators
| ASRF.DE | AHYE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.76% | -23.41% | +6.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -3.22% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -3.22% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -16.76% | -16.89% | +0.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.41% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.32% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -2.86% | -1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.80% | +0.02% |
Volatility
ASRF.DE vs. AHYE.DE - Volatility Comparison
BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc (ASRF.DE) has a higher volatility of 1.05% compared to Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.DE) at 0.81%. This indicates that ASRF.DE's price experiences larger fluctuations and is considered to be riskier than AHYE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASRF.DE | AHYE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 0.81% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 2.76% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 3.22% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 5.57% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 6.73% | -0.90% |
ASRF.DE vs. AHYE.DE - Expense Ratio Comparison
ASRF.DE has a 0.25% expense ratio, which is lower than AHYE.DE's 0.40% expense ratio.
Dividends
ASRF.DE vs. AHYE.DE - Dividend Comparison
Neither ASRF.DE nor AHYE.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRF.DE and AHYE.DE have a correlation of 0.70, 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 0.40% for AHYE.DE.
ASRF.DE tracks Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel, while AHYE.DE tracks iBoxx MSCI ESG EUR High Yield Corporates. They also come from different issuers: BNP Paribas and Amundi. Their fees differ too: 0.25% for ASRF.DE and 0.40% for AHYE.DE.
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