ASRF.DE vs. EUNW.DE
ASRF.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc) and EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) are both European High Yield Bonds funds - ASRF.DE tracks the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel while EUNW.DE tracks the iBoxx® EUR Liquid High Yield. Both are passively managed. Over the past 5 years, ASRF.DE returned 2.26%/yr vs 2.68%/yr for EUNW.DE. A 0.69 correlation means they provide meaningful diversification when combined. ASRF.DE charges 0.25%/yr vs 0.50%/yr for EUNW.DE.
Performance
ASRF.DE vs. EUNW.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 lower than EUNW.DE's 0.85% 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*
- —
EUNW.DE
- 1D
- 0.05%
- 1M
- 0.82%
- YTD
- 0.85%
- 6M
- 1.41%
- 1Y
- 3.18%
- 3Y*
- 6.32%
- 5Y*
- 2.68%
- 10Y*
- 3.10%
ASRF.DE vs. EUNW.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% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 0.85% | 5.00% | 5.90% | 11.26% | -9.36% | 1.48% |
Correlation
The correlation between ASRF.DE and EUNW.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.69 |
The correlation between ASRF.DE and EUNW.DE has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.
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Return for Risk
ASRF.DE vs. EUNW.DE — Risk / Return Rank
ASRF.DE
EUNW.DE
ASRF.DE vs. EUNW.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 iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.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 | EUNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.12 | -0.03 |
| Martin ratioReturn relative to average drawdown | 4.34 | 4.73 | -0.39 |
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 | EUNW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.96 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.50 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.47 | -0.02 |
Drawdowns
ASRF.DE vs. EUNW.DE - Drawdown Comparison
The maximum ASRF.DE drawdown since its inception was -16.76%, smaller than the maximum EUNW.DE drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for ASRF.DE and EUNW.DE.
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Drawdown Indicators
| ASRF.DE | EUNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.76% | -25.47% | +8.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -2.83% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -3.80% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -16.76% | -14.79% | -1.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.47% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.10% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -2.31% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.67% | +0.15% |
Volatility
ASRF.DE vs. EUNW.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 iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) at 0.79%. This indicates that ASRF.DE's price experiences larger fluctuations and is considered to be riskier than EUNW.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 | EUNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 0.79% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 2.86% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 3.30% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 5.25% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 6.58% | -0.75% |
ASRF.DE vs. EUNW.DE - Expense Ratio Comparison
ASRF.DE has a 0.25% expense ratio, which is lower than EUNW.DE's 0.50% expense ratio.
Dividends
ASRF.DE vs. EUNW.DE - Dividend Comparison
ASRF.DE has not paid dividends to shareholders, while EUNW.DE's dividend yield for the trailing twelve months is around 5.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASRF.DE BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 5.17% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
Frequently Asked Questions
ASRF.DE and EUNW.DE have a correlation of 0.72, 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 0.50% for EUNW.DE.
ASRF.DE tracks Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel, while EUNW.DE tracks iBoxx® EUR Liquid High Yield. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.25% for ASRF.DE and 0.50% for EUNW.DE.
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