ASRF.DE vs. XHYA.DE
ASRF.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc) and XHYA.DE (Xtrackers EUR High Yield Corporate 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 XHYA.DE tracks the iBoxx® EUR Liquid High Yield. Both are passively managed. Over the past 5 years, ASRF.DE returned 2.26%/yr vs 2.78%/yr for XHYA.DE. A 0.67 correlation means they provide meaningful diversification when combined. ASRF.DE charges 0.25%/yr vs 0.20%/yr for XHYA.DE.
Performance
ASRF.DE vs. XHYA.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 XHYA.DE's 1.11% 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*
- —
XHYA.DE
- 1D
- -0.22%
- 1M
- 0.74%
- YTD
- 1.11%
- 6M
- 1.28%
- 1Y
- 3.22%
- 3Y*
- 6.38%
- 5Y*
- 2.78%
- 10Y*
- —
ASRF.DE vs. XHYA.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% |
XHYA.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF | 1.11% | 4.47% | 6.15% | 10.88% | -8.84% | 1.79% |
Correlation
The correlation between ASRF.DE and XHYA.DE is 0.63, 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 | 0.63 |
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 XHYA.DE has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.
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Return for Risk
ASRF.DE vs. XHYA.DE — Risk / Return Rank
ASRF.DE
XHYA.DE
ASRF.DE vs. XHYA.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 EUR High Yield Corporate Bond UCITS ETF (XHYA.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 | XHYA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.11 | -0.02 |
| Martin ratioReturn relative to average drawdown | 4.34 | 4.54 | -0.20 |
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 | XHYA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.84 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.50 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.44 | +0.01 |
Drawdowns
ASRF.DE vs. XHYA.DE - Drawdown Comparison
The maximum ASRF.DE drawdown since its inception was -16.76%, smaller than the maximum XHYA.DE drawdown of -23.86%. Use the drawdown chart below to compare losses from any high point for ASRF.DE and XHYA.DE.
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Drawdown Indicators
| ASRF.DE | XHYA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.76% | -23.86% | +7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -2.89% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -4.23% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -16.76% | -14.48% | -2.28% |
Current DrawdownCurrent decline from peak | -0.34% | -0.22% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -2.52% | -1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.71% | +0.11% |
Volatility
ASRF.DE vs. XHYA.DE - Volatility Comparison
BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc (ASRF.DE) and Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.DE) have volatilities of 1.05% and 1.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASRF.DE | XHYA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.08% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 3.23% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 3.82% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 5.46% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 6.67% | -0.84% |
ASRF.DE vs. XHYA.DE - Expense Ratio Comparison
ASRF.DE has a 0.25% expense ratio, which is higher than XHYA.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ASRF.DE vs. XHYA.DE - Dividend Comparison
Neither ASRF.DE nor XHYA.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRF.DE and XHYA.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHYA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHYA.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for ASRF.DE.
ASRF.DE tracks Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel, while XHYA.DE tracks iBoxx® EUR Liquid High Yield. They also come from different issuers: BNP Paribas and Xtrackers. Their fees differ too: 0.25% for ASRF.DE and 0.20% for XHYA.DE.
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