ASRF.DE vs. SYBJ.DE
ASRF.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc) and SYBJ.DE (SPDR Bloomberg Euro High Yield Bond UCITS ETF) are both European High Yield Bonds funds - ASRF.DE tracks the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel while SYBJ.DE tracks the Bloomberg Liquidity Screened Euro High Yield Bond. Both are passively managed. Over the past 5 years, ASRF.DE returned 2.26%/yr vs 2.51%/yr for SYBJ.DE. A 0.67 correlation means they provide meaningful diversification when combined. ASRF.DE charges 0.25%/yr vs 0.40%/yr for SYBJ.DE.
Performance
ASRF.DE vs. SYBJ.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 SYBJ.DE's 1.02% 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*
- —
SYBJ.DE
- 1D
- -0.19%
- 1M
- 1.00%
- YTD
- 1.02%
- 6M
- 1.61%
- 1Y
- 3.38%
- 3Y*
- 6.65%
- 5Y*
- 2.51%
- 10Y*
- 3.11%
ASRF.DE vs. SYBJ.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% |
SYBJ.DE SPDR Bloomberg Euro High Yield Bond UCITS ETF | 1.02% | 5.26% | 5.78% | 11.83% | -10.75% | 1.43% |
Correlation
The correlation between ASRF.DE and SYBJ.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.67 |
The correlation between ASRF.DE and SYBJ.DE has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
ASRF.DE vs. SYBJ.DE — Risk / Return Rank
ASRF.DE
SYBJ.DE
ASRF.DE vs. SYBJ.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 SPDR Bloomberg Euro High Yield Bond UCITS ETF (SYBJ.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 | SYBJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.06 | +0.03 |
| Martin ratioReturn relative to average drawdown | 4.34 | 4.18 | +0.16 |
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 | SYBJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.79 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.42 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.69 | -0.24 |
Drawdowns
ASRF.DE vs. SYBJ.DE - Drawdown Comparison
The maximum ASRF.DE drawdown since its inception was -16.76%, smaller than the maximum SYBJ.DE drawdown of -25.59%. Use the drawdown chart below to compare losses from any high point for ASRF.DE and SYBJ.DE.
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Drawdown Indicators
| ASRF.DE | SYBJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.76% | -25.59% | +8.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -3.19% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -4.19% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -16.76% | -16.31% | -0.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.59% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.35% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -2.26% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.81% | +0.01% |
Volatility
ASRF.DE vs. SYBJ.DE - Volatility Comparison
The current volatility for BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc (ASRF.DE) is 1.05%, while SPDR Bloomberg Euro High Yield Bond UCITS ETF (SYBJ.DE) has a volatility of 1.34%. This indicates that ASRF.DE experiences smaller price fluctuations and is considered to be less risky than SYBJ.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 | SYBJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.34% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 3.82% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 4.27% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 5.98% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 6.98% | -1.15% |
ASRF.DE vs. SYBJ.DE - Expense Ratio Comparison
ASRF.DE has a 0.25% expense ratio, which is lower than SYBJ.DE's 0.40% expense ratio.
Dividends
ASRF.DE vs. SYBJ.DE - Dividend Comparison
ASRF.DE has not paid dividends to shareholders, while SYBJ.DE's dividend yield for the trailing twelve months is around 5.34%.
| 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% |
SYBJ.DE SPDR Bloomberg Euro High Yield Bond UCITS ETF | 5.34% | 5.47% | 5.86% | 4.96% | 3.48% | 2.91% | 3.14% | 3.08% | 2.86% | 3.57% | 3.57% | 3.91% |
Frequently Asked Questions
ASRF.DE and SYBJ.DE have a correlation of 0.59, 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 SYBJ.DE.
ASRF.DE tracks Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel, while SYBJ.DE tracks Bloomberg Liquidity Screened Euro High Yield Bond. They also come from different issuers: BNP Paribas and State Street. Their fees differ too: 0.25% for ASRF.DE and 0.40% for SYBJ.DE.
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