ASRG.DE vs. AHYE.DE
ASRG.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis) and AHYE.DE (Amundi Euro High Yield Bond ESG UCITS ETF EUR) are both European High Yield Bonds funds - ASRG.DE tracks the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel while AHYE.DE tracks the iBoxx MSCI ESG EUR High Yield Corporates. Both are passively managed. Over the past 5 years, ASRG.DE returned 2.27%/yr vs 1.77%/yr for AHYE.DE. A 0.78 correlation means they provide meaningful diversification when combined. ASRG.DE charges 0.25%/yr vs 0.40%/yr for AHYE.DE.
Performance
ASRG.DE vs. AHYE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASRG.DE achieves a 0.92% return, which is significantly higher than AHYE.DE's 0.37% return.
ASRG.DE
- 1D
- 0.16%
- 1M
- 0.58%
- YTD
- 0.92%
- 6M
- 1.45%
- 1Y
- 3.89%
- 3Y*
- 6.79%
- 5Y*
- 2.27%
- 10Y*
- —
AHYE.DE
- 1D
- -0.11%
- 1M
- 0.43%
- YTD
- 0.37%
- 6M
- 0.67%
- 1Y
- 3.35%
- 3Y*
- 6.16%
- 5Y*
- 1.77%
- 10Y*
- 2.89%
ASRG.DE vs. AHYE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ASRG.DE BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis | 0.92% | 5.01% | 6.41% | 11.23% | -11.07% | 1.62% |
AHYE.DE Amundi Euro High Yield Bond ESG UCITS ETF EUR | 0.37% | 5.51% | 5.40% | 10.19% | -10.53% | 0.22% |
Correlation
The correlation between ASRG.DE and AHYE.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021 | 0.78 |
The correlation between ASRG.DE and AHYE.DE shifts across timeframes, from 0.62 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ASRG.DE vs. AHYE.DE — Risk / Return Rank
ASRG.DE
AHYE.DE
ASRG.DE vs. AHYE.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 Dis (ASRG.DE) and Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.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.
| ASRG.DE | AHYE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.20 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.01 | +0.07 |
| Martin ratioReturn relative to average drawdown | 4.36 | 4.06 | +0.30 |
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
| ASRG.DE | AHYE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.01 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.31 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.39 | +0.05 |
Drawdowns
ASRG.DE vs. AHYE.DE - Drawdown Comparison
The maximum ASRG.DE drawdown since its inception was -16.66%, smaller than the maximum AHYE.DE drawdown of -23.41%. Use the drawdown chart below to compare losses from any high point for ASRG.DE and AHYE.DE.
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Drawdown Indicators
| ASRG.DE | AHYE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.66% | -23.41% | +6.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -3.22% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -3.91% | -3.22% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -16.66% | -16.89% | +0.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.41% | — |
Current DrawdownCurrent decline from peak | -0.05% | -0.32% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -2.86% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.80% | +0.02% |
Volatility
ASRG.DE vs. AHYE.DE - Volatility Comparison
BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis (ASRG.DE) has a higher volatility of 1.02% compared to Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.DE) at 0.81%. This indicates that ASRG.DE's price experiences larger fluctuations and is considered to be riskier than AHYE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASRG.DE | AHYE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 0.81% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | 2.76% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 3.22% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.52% | 5.57% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.44% | 6.73% | -1.29% |
ASRG.DE vs. AHYE.DE - Expense Ratio Comparison
ASRG.DE has a 0.25% expense ratio, which is lower than AHYE.DE's 0.40% expense ratio.
Dividends
ASRG.DE vs. AHYE.DE - Dividend Comparison
ASRG.DE's dividend yield for the trailing twelve months is around 3.95%, while AHYE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AHYE.DE Amundi Euro High Yield Bond ESG UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ASRG.DE BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis | 3.95% | 4.69% | 5.97% | 2.99% | 3.91% |
Frequently Asked Questions
ASRG.DE and AHYE.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRG.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRG.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for AHYE.DE.
ASRG.DE tracks Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel, while AHYE.DE tracks iBoxx MSCI ESG EUR High Yield Corporates. They also come from different issuers: BNP Paribas and Amundi. Their fees differ too: 0.25% for ASRG.DE and 0.40% for AHYE.DE.
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