AYE2.DE vs. ASRG.DE
AYE2.DE (iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc) and ASRG.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis) are both European High Yield Bonds funds - AYE2.DE tracks the Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond while ASRG.DE tracks the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel. Both are passively managed. Over the past 5 years, AYE2.DE returned 2.45%/yr vs 2.27%/yr for ASRG.DE. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
AYE2.DE vs. ASRG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYE2.DE achieves a 0.71% return, which is significantly lower than ASRG.DE's 0.92% return.
AYE2.DE
- 1D
- -0.10%
- 1M
- 0.88%
- YTD
- 0.71%
- 6M
- 1.00%
- 1Y
- 3.78%
- 3Y*
- 6.88%
- 5Y*
- 2.45%
- 10Y*
- —
ASRG.DE
- 1D
- 0.16%
- 1M
- 1.07%
- YTD
- 0.92%
- 6M
- 1.54%
- 1Y
- 3.57%
- 3Y*
- 6.79%
- 5Y*
- 2.27%
- 10Y*
- —
AYE2.DE vs. ASRG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AYE2.DE iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc | 0.71% | 5.88% | 6.36% | 10.77% | -10.72% | 0.80% |
ASRG.DE BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis | 0.92% | 5.01% | 6.41% | 11.23% | -11.07% | 1.15% |
Correlation
The correlation between AYE2.DE and ASRG.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 | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.80 |
The correlation between AYE2.DE and ASRG.DE shifts across timeframes, from 0.62 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AYE2.DE vs. ASRG.DE — Risk / Return Rank
AYE2.DE
ASRG.DE
AYE2.DE vs. ASRG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) and BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis (ASRG.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.
| AYE2.DE | ASRG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.15 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.08 | +0.14 |
| Martin ratioReturn relative to average drawdown | 5.15 | 4.36 | +0.79 |
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
| AYE2.DE | ASRG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 0.86 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.41 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.45 | +0.01 |
Drawdowns
AYE2.DE vs. ASRG.DE - Drawdown Comparison
The maximum AYE2.DE drawdown since its inception was -16.48%, roughly equal to the maximum ASRG.DE drawdown of -16.66%. Use the drawdown chart below to compare losses from any high point for AYE2.DE and ASRG.DE.
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Drawdown Indicators
| AYE2.DE | ASRG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.48% | -16.66% | +0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -3.30% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -3.91% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -16.48% | -16.66% | +0.18% |
Current DrawdownCurrent decline from peak | -0.33% | -0.05% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -3.97% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.82% | -0.09% |
Volatility
AYE2.DE vs. ASRG.DE - Volatility Comparison
iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) and BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis (ASRG.DE) have volatilities of 0.98% and 1.02%, 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
| AYE2.DE | ASRG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 1.02% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 3.35% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 4.15% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.34% | 5.52% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 5.44% | -0.18% |
AYE2.DE vs. ASRG.DE - Expense Ratio Comparison
Both AYE2.DE and ASRG.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
AYE2.DE vs. ASRG.DE - Dividend Comparison
AYE2.DE has not paid dividends to shareholders, while ASRG.DE's dividend yield for the trailing twelve months is around 3.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ASRG.DE BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis | 3.95% | 4.69% | 5.97% | 2.99% | 3.91% |
AYE2.DE iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AYE2.DE and ASRG.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.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AYE2.DE and ASRG.DE have the same expense ratio: 0.25% per year.
AYE2.DE tracks Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond, while ASRG.DE tracks Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel. They also come from different issuers: iShares and BNP Paribas.
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