ASRF.DE vs. XHY1.DE
ASRF.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc) and XHY1.DE (Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF) are both European High Yield Bonds funds - ASRF.DE tracks the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel while XHY1.DE tracks the iBoxx® EUR Liquid High Yield 1-3. Both are passively managed. Over the past 5 years, ASRF.DE returned 2.26%/yr vs 2.77%/yr for XHY1.DE. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
ASRF.DE vs. XHY1.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 XHY1.DE's 0.57% 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*
- —
XHY1.DE
- 1D
- 0.06%
- 1M
- 0.42%
- YTD
- 0.57%
- 6M
- 0.99%
- 1Y
- 3.24%
- 3Y*
- 5.12%
- 5Y*
- 2.77%
- 10Y*
- 2.58%
ASRF.DE vs. XHY1.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% |
XHY1.DE Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF | 0.57% | 4.80% | 5.09% | 6.88% | -3.97% | 0.91% |
Correlation
The correlation between ASRF.DE and XHY1.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.56 |
The correlation between ASRF.DE and XHY1.DE has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
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Return for Risk
ASRF.DE vs. XHY1.DE — Risk / Return Rank
ASRF.DE
XHY1.DE
ASRF.DE vs. XHY1.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 Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF (XHY1.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 | XHY1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 2.26 | -1.17 |
| Martin ratioReturn relative to average drawdown | 4.34 | 10.14 | -5.80 |
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 | XHY1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.26 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.62 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.31 | +0.14 |
Drawdowns
ASRF.DE vs. XHY1.DE - Drawdown Comparison
The maximum ASRF.DE drawdown since its inception was -16.76%, smaller than the maximum XHY1.DE drawdown of -25.91%. Use the drawdown chart below to compare losses from any high point for ASRF.DE and XHY1.DE.
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Drawdown Indicators
| ASRF.DE | XHY1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.76% | -25.91% | +9.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -1.43% | -1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -2.78% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -16.76% | -8.53% | -8.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.91% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.12% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -1.55% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.32% | +0.50% |
Volatility
ASRF.DE vs. XHY1.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 Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF (XHY1.DE) at 0.63%. This indicates that ASRF.DE's price experiences larger fluctuations and is considered to be riskier than XHY1.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 | XHY1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 0.63% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 2.03% | +1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 2.56% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 4.45% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 7.54% | -1.71% |
ASRF.DE vs. XHY1.DE - Expense Ratio Comparison
Both ASRF.DE and XHY1.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ASRF.DE vs. XHY1.DE - Dividend Comparison
ASRF.DE has not paid dividends to shareholders, while XHY1.DE's dividend yield for the trailing twelve months is around 4.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XHY1.DE Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF | 4.02% | 3.93% | 5.53% | 6.87% | 4.97% | 5.12% | 2.95% | 1.78% | 1.35% | 3.10% | 3.14% |
Frequently Asked Questions
ASRF.DE and XHY1.DE have a correlation of 0.57, 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 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ASRF.DE and XHY1.DE have the same expense ratio: 0.25% per year.
ASRF.DE tracks Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel, while XHY1.DE tracks iBoxx® EUR Liquid High Yield 1-3. They also come from different issuers: BNP Paribas and Xtrackers.
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