ASRF.DE vs. XHYG.DE
ASRF.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc) and XHYG.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D) are both European High Yield Bonds funds - ASRF.DE tracks the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel while XHYG.DE tracks the Bloomberg Pan Euro HY Euro TR EUR. Both are passively managed. Over the past 5 years, ASRF.DE returned 2.26%/yr vs 2.78%/yr for XHYG.DE. A 0.68 correlation means they provide meaningful diversification when combined. ASRF.DE charges 0.25%/yr vs 0.20%/yr for XHYG.DE.
Performance
ASRF.DE vs. XHYG.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 XHYG.DE's 1.00% 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*
- —
XHYG.DE
- 1D
- 0.08%
- 1M
- 1.03%
- YTD
- 1.00%
- 6M
- 1.40%
- 1Y
- 3.45%
- 3Y*
- 6.42%
- 5Y*
- 2.78%
- 10Y*
- 3.16%
ASRF.DE vs. XHYG.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% |
XHYG.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D | 1.00% | 4.63% | 6.16% | 11.48% | -8.51% | 0.78% |
Correlation
The correlation between ASRF.DE and XHYG.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
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 | 0.68 |
The correlation between ASRF.DE and XHYG.DE has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.
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Return for Risk
ASRF.DE vs. XHYG.DE — Risk / Return Rank
ASRF.DE
XHYG.DE
ASRF.DE vs. XHYG.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 1D (XHYG.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 | XHYG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.22 | -0.13 |
| Martin ratioReturn relative to average drawdown | 4.34 | 5.17 | -0.84 |
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 | XHYG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.97 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.51 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.44 | +0.01 |
Drawdowns
ASRF.DE vs. XHYG.DE - Drawdown Comparison
The maximum ASRF.DE drawdown since its inception was -16.76%, smaller than the maximum XHYG.DE drawdown of -24.00%. Use the drawdown chart below to compare losses from any high point for ASRF.DE and XHYG.DE.
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Drawdown Indicators
| ASRF.DE | XHYG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.76% | -24.00% | +7.24% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -2.81% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -3.64% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -16.76% | -14.54% | -2.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.00% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.11% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -2.34% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.67% | +0.15% |
Volatility
ASRF.DE vs. XHYG.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 Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) has a volatility of 1.15%. This indicates that ASRF.DE experiences smaller price fluctuations and is considered to be less risky than XHYG.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 | XHYG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.15% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 3.10% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 3.53% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 5.45% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 7.17% | -1.34% |
ASRF.DE vs. XHYG.DE - Expense Ratio Comparison
ASRF.DE has a 0.25% expense ratio, which is higher than XHYG.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. XHYG.DE - Dividend Comparison
ASRF.DE has not paid dividends to shareholders, while XHYG.DE's dividend yield for the trailing twelve months is around 4.93%.
| 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% |
XHYG.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D | 4.93% | 4.75% | 5.48% | 3.95% | 3.70% | 5.75% | 2.27% | 3.54% | 5.11% | 3.71% | 1.25% |
Frequently Asked Questions
ASRF.DE and XHYG.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHYG.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHYG.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 XHYG.DE tracks Bloomberg Pan Euro HY Euro TR EUR. They also come from different issuers: BNP Paribas and Xtrackers. Their fees differ too: 0.25% for ASRF.DE and 0.20% for XHYG.DE.
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