ASRI.DE vs. SYBD.DE

Last updated Jul 17, 2026

ASRI.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Acc) and SYBD.DE (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) are both European Corporate Bonds funds - ASRI.DE tracks the Bloomberg MSCI Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB while SYBD.DE tracks the Bloomberg Euro Corporate Bond 0-3. Both are passively managed. Over the past 5 years, ASRI.DE returned -0.54%/yr vs 1.65%/yr for SYBD.DE. At a 0.43 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

ASRI.DE vs. SYBD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Acc (ASRI.DE) and SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASRI.DE achieves a 0.38% return, which is significantly lower than SYBD.DE's 0.84% return.

ASRI.DE

• 1D: -0.09%
• 1M: -0.65%
• 6M: -0.19%
• YTD: 0.38%
• 1Y: 1.24%
• 3Y*: 4.37%
• 5Y*: -0.54%
• 10Y*: —

SYBD.DE

• 1D: -0.07%
• 1M: 0.07%
• 6M: 0.67%
• YTD: 0.84%
• 1Y: 1.83%
• 3Y*: 3.68%
• 5Y*: 1.65%
• 10Y*: 0.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASRI.DE vs. SYBD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ASRI.DE BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Acc	0.38%	2.91%	4.04%	7.84%	-15.08%	-1.28%	2.53%	6.80%
SYBD.DE SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF	0.84%	2.97%	4.35%	4.07%	-3.54%	-0.13%	0.14%	0.84%

Correlation

The correlation between ASRI.DE and SYBD.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019	0.43

The correlation between ASRI.DE and SYBD.DE shifts across timeframes, from 0.31 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ASRI.DE vs. SYBD.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASRI.DE

ASRI.DE Risk / Return Rank: 15
ASRI.DE Sharpe Ratio Rank: 16
ASRI.DE Sortino Ratio Rank: 14
ASRI.DE Omega Ratio Rank: 14
ASRI.DE Calmar Ratio Rank: 15
ASRI.DE Martin Ratio Rank: 17

SYBD.DE

SYBD.DE Risk / Return Rank: 37
SYBD.DE Sharpe Ratio Rank: 27
SYBD.DE Sortino Ratio Rank: 27
SYBD.DE Omega Ratio Rank: 30
SYBD.DE Calmar Ratio Rank: 47
SYBD.DE Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASRI.DE vs. SYBD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Acc (ASRI.DE) and SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ASRI.DE	SYBD.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.36	0.81	-0.44
Sortino ratio: Return per unit of downside risk	0.55	1.27	-0.71
Omega ratio: Gain probability vs. loss probability	1.07	1.17	-0.10
Calmar ratio: Return relative to maximum drawdown	0.43	1.95	-1.53
Martin ratio: Return relative to average drawdown	1.34	7.32	-5.98

ASRI.DE vs. SYBD.DE - Sharpe Ratio Comparison

The current ASRI.DE Sharpe Ratio is 0.36, which is lower than the SYBD.DE Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of ASRI.DE and SYBD.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASRI.DE vs. SYBD.DE - Drawdown Comparison

The maximum ASRI.DE drawdown since its inception was -19.07%, which is greater than SYBD.DE's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for ASRI.DE and SYBD.DE.

Drawdown Indicators

	ASRI.DE	SYBD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.07%	-8.77%	-10.30%
Max Drawdown (1Y) Largest decline over 1 year	-2.88%	-0.93%	-1.95%
Max Drawdown (3Y) Largest decline over 3 years	-2.88%	-0.93%	-1.95%
Max Drawdown (5Y) Largest decline over 5 years	-19.07%	-4.98%	-14.09%
Max Drawdown (10Y) Largest decline over 10 years	—	-8.77%	—
Current Drawdown Current decline from peak	-3.36%	-0.20%	-3.16%
Average Drawdown Average peak-to-trough decline	-6.14%	-0.71%	-5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	0.25%	+0.67%

Volatility

ASRI.DE vs. SYBD.DE - Volatility Comparison

BNP Paribas Easy EUR Corporate Bond SRI PAB UCITS ETF Acc (ASRI.DE) has a higher volatility of 0.88% compared to SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.DE) at 0.50%. This indicates that ASRI.DE's price experiences larger fluctuations and is considered to be riskier than SYBD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASRI.DE	SYBD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.88%	0.50%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	2.97%	1.85%	+1.12%
Volatility (1Y) Calculated over the trailing 1-year period	3.38%	2.26%	+1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.14%	1.99%	+3.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.45%	3.01%	+2.44%

ASRI.DE vs. SYBD.DE - Expense Ratio Comparison

Both ASRI.DE and SYBD.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

ASRI.DE vs. SYBD.DE - Dividend Comparison

ASRI.DE has not paid dividends to shareholders, while SYBD.DE's dividend yield for the trailing twelve months is around 2.95%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASRI.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 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%	0.00%
SYBD.DE SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF	2.95%	3.05%	2.59%	1.27%	0.19%	0.30%	0.24%	0.17%	0.11%	0.28%	0.50%	0.72%

Frequently Asked Questions

Can I hold both ASRI.DE and SYBD.DE in my portfolio?

ASRI.DE and SYBD.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASRI.DE or SYBD.DE?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASRI.DE or SYBD.DE?

ASRI.DE and SYBD.DE have the same expense ratio: 0.20% per year.

What is the main difference between ASRI.DE and SYBD.DE?

ASRI.DE tracks Bloomberg MSCI Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB, while SYBD.DE tracks Bloomberg Euro Corporate Bond 0-3. They also come from different issuers: BNP Paribas and State Street.