ASRG.DE vs. EUNW.DE
ASRG.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis) and EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) are both European High Yield Bonds funds - ASRG.DE tracks the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel while EUNW.DE tracks the iBoxx® EUR Liquid High Yield. Both are passively managed. Over the past 5 years, ASRG.DE returned 2.27%/yr vs 2.68%/yr for EUNW.DE. Their correlation of 0.83 suggests significant overlap in exposure. ASRG.DE charges 0.25%/yr vs 0.50%/yr for EUNW.DE.
Performance
ASRG.DE vs. EUNW.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 EUNW.DE's 0.85% return.
ASRG.DE
- 1D
- 0.16%
- 1M
- 1.07%
- YTD
- 0.92%
- 6M
- 1.54%
- 1Y
- 3.57%
- 3Y*
- 6.79%
- 5Y*
- 2.27%
- 10Y*
- —
EUNW.DE
- 1D
- 0.05%
- 1M
- 0.82%
- YTD
- 0.85%
- 6M
- 1.41%
- 1Y
- 3.18%
- 3Y*
- 6.32%
- 5Y*
- 2.68%
- 10Y*
- 3.10%
ASRG.DE vs. EUNW.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% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 0.85% | 5.00% | 5.90% | 11.26% | -9.36% | 2.15% |
Correlation
The correlation between ASRG.DE and EUNW.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021 | 0.83 |
The correlation between ASRG.DE and EUNW.DE shifts across timeframes, from 0.67 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ASRG.DE vs. EUNW.DE — Risk / Return Rank
ASRG.DE
EUNW.DE
ASRG.DE vs. EUNW.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 iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.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 | EUNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.19 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.12 | -0.04 |
| Martin ratioReturn relative to average drawdown | 4.36 | 4.73 | -0.36 |
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 | EUNW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.96 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.50 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.47 | -0.03 |
Drawdowns
ASRG.DE vs. EUNW.DE - Drawdown Comparison
The maximum ASRG.DE drawdown since its inception was -16.66%, smaller than the maximum EUNW.DE drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for ASRG.DE and EUNW.DE.
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Drawdown Indicators
| ASRG.DE | EUNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.66% | -25.47% | +8.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -2.83% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -3.91% | -3.80% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -16.66% | -14.79% | -1.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.47% | — |
Current DrawdownCurrent decline from peak | -0.05% | -0.10% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -2.31% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.67% | +0.15% |
Volatility
ASRG.DE vs. EUNW.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 iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) at 0.79%. This indicates that ASRG.DE's price experiences larger fluctuations and is considered to be riskier than EUNW.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 | EUNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 0.79% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | 2.86% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 3.30% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.52% | 5.25% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.44% | 6.58% | -1.14% |
ASRG.DE vs. EUNW.DE - Expense Ratio Comparison
ASRG.DE has a 0.25% expense ratio, which is lower than EUNW.DE's 0.50% expense ratio.
Dividends
ASRG.DE vs. EUNW.DE - Dividend Comparison
ASRG.DE's dividend yield for the trailing twelve months is around 3.95%, less than EUNW.DE's 5.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASRG.DE BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis | 3.95% | 4.69% | 5.97% | 2.99% | 3.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 5.17% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
Frequently Asked Questions
ASRG.DE and EUNW.DE have a correlation of 0.67, 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 0.50% for EUNW.DE.
ASRG.DE tracks Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel, while EUNW.DE tracks iBoxx® EUR Liquid High Yield. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.25% for ASRG.DE and 0.50% for EUNW.DE.
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