EUHI.DE vs. ASRG.DE
EUHI.DE (PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist) and ASRG.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis) are both European High Yield Bonds funds - EUHI.DE tracks the BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained while ASRG.DE tracks the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel. Both are passively managed. Over the past 5 years, EUHI.DE returned 2.83%/yr vs 2.27%/yr for ASRG.DE. A 0.78 correlation means they provide meaningful diversification when combined. EUHI.DE charges 0.50%/yr vs 0.25%/yr for ASRG.DE.
Performance
EUHI.DE vs. ASRG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUHI.DE achieves a 1.24% return, which is significantly higher than ASRG.DE's 0.92% return.
EUHI.DE
- 1D
- -0.00%
- 1M
- 0.41%
- YTD
- 1.24%
- 6M
- 1.47%
- 1Y
- 3.53%
- 3Y*
- 6.36%
- 5Y*
- 2.83%
- 10Y*
- —
ASRG.DE
- 1D
- 0.16%
- 1M
- 0.58%
- YTD
- 0.92%
- 6M
- 1.45%
- 1Y
- 3.89%
- 3Y*
- 6.79%
- 5Y*
- 2.27%
- 10Y*
- —
EUHI.DE vs. ASRG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EUHI.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 1.24% | 5.05% | 6.16% | 10.11% | -8.21% | 1.95% |
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% |
Correlation
The correlation between EUHI.DE and ASRG.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
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 |
Over the past year, the correlation between EUHI.DE and ASRG.DE has dropped to 0.58 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
EUHI.DE vs. ASRG.DE — Risk / Return Rank
EUHI.DE
ASRG.DE
EUHI.DE vs. ASRG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist (EUHI.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.
| EUHI.DE | ASRG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.15 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 1.08 | +0.16 |
| Martin ratioReturn relative to average drawdown | 5.48 | 4.36 | +1.12 |
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
| EUHI.DE | ASRG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.86 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.41 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.45 | -0.04 |
Drawdowns
EUHI.DE vs. ASRG.DE - Drawdown Comparison
The maximum EUHI.DE drawdown since its inception was -21.68%, which is greater than ASRG.DE's maximum drawdown of -16.66%. Use the drawdown chart below to compare losses from any high point for EUHI.DE and ASRG.DE.
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Drawdown Indicators
| EUHI.DE | ASRG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.68% | -16.66% | -5.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -3.30% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -3.28% | -3.91% | +0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -12.64% | -16.66% | +4.02% |
Current DrawdownCurrent decline from peak | -0.12% | -0.05% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -3.97% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.82% | -0.18% |
Volatility
EUHI.DE vs. ASRG.DE - Volatility Comparison
The current volatility for PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist (EUHI.DE) is 0.67%, while BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis (ASRG.DE) has a volatility of 1.02%. This indicates that EUHI.DE experiences smaller price fluctuations and is considered to be less risky than ASRG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUHI.DE | ASRG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 1.02% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 3.35% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.83% | 4.15% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 5.52% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.21% | 5.44% | +0.77% |
EUHI.DE vs. ASRG.DE - Expense Ratio Comparison
EUHI.DE has a 0.50% expense ratio, which is higher than ASRG.DE's 0.25% expense ratio.
Dividends
EUHI.DE vs. ASRG.DE - Dividend Comparison
EUHI.DE's dividend yield for the trailing twelve months is around 4.40%, more than ASRG.DE's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
EUHI.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 4.40% | 4.47% | 4.75% | 4.15% | 3.10% | 2.54% | 2.61% | 2.59% | 2.03% | 0.17% |
Frequently Asked Questions
EUHI.DE and ASRG.DE have a correlation of 0.58, 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 EUHI.DE.
EUHI.DE tracks BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained, while ASRG.DE tracks Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel. They also come from different issuers: PIMCO and BNP Paribas. Their fees differ too: 0.50% for EUHI.DE and 0.25% for ASRG.DE.
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