EUNW.DE vs. ASRF.DE
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and ASRF.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc) are both European High Yield Bonds funds - EUNW.DE tracks the iBoxx® EUR Liquid High Yield while ASRF.DE tracks the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel. Both are passively managed. Over the past 5 years, EUNW.DE returned 2.68%/yr vs 2.26%/yr for ASRF.DE. A 0.69 correlation means they provide meaningful diversification when combined. EUNW.DE charges 0.50%/yr vs 0.25%/yr for ASRF.DE.
Performance
EUNW.DE vs. ASRF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNW.DE achieves a 0.85% return, which is significantly higher than ASRF.DE's 0.70% return.
EUNW.DE
- 1D
- 0.05%
- 1M
- 0.46%
- YTD
- 0.85%
- 6M
- 1.40%
- 1Y
- 3.33%
- 3Y*
- 6.32%
- 5Y*
- 2.68%
- 10Y*
- 3.10%
ASRF.DE
- 1D
- 0.10%
- 1M
- 0.61%
- YTD
- 0.70%
- 6M
- 1.18%
- 1Y
- 3.72%
- 3Y*
- 6.65%
- 5Y*
- 2.26%
- 10Y*
- —
EUNW.DE vs. ASRF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 0.85% | 5.00% | 5.90% | 11.26% | -9.36% | 1.48% |
ASRF.DE BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc | 0.70% | 4.66% | 6.57% | 11.42% | -11.08% | 1.06% |
Correlation
The correlation between EUNW.DE and ASRF.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.69 |
The correlation between EUNW.DE and ASRF.DE has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.
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Return for Risk
EUNW.DE vs. ASRF.DE — Risk / Return Rank
EUNW.DE
ASRF.DE
EUNW.DE vs. ASRF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) and BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc (ASRF.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.
| EUNW.DE | ASRF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.09 | +0.03 |
| Martin ratioReturn relative to average drawdown | 4.73 | 4.34 | +0.39 |
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
| EUNW.DE | ASRF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.93 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.43 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.45 | +0.02 |
Drawdowns
EUNW.DE vs. ASRF.DE - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, which is greater than ASRF.DE's maximum drawdown of -16.76%. Use the drawdown chart below to compare losses from any high point for EUNW.DE and ASRF.DE.
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Drawdown Indicators
| EUNW.DE | ASRF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -16.76% | -8.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.25% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -3.86% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -16.76% | +1.97% |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.34% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -4.24% | +1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.82% | -0.15% |
Volatility
EUNW.DE vs. ASRF.DE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) is 0.79%, while BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc (ASRF.DE) has a volatility of 1.05%. This indicates that EUNW.DE experiences smaller price fluctuations and is considered to be less risky than ASRF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNW.DE | ASRF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 1.05% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 3.20% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 3.80% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 5.85% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.58% | 5.83% | +0.75% |
EUNW.DE vs. ASRF.DE - Expense Ratio Comparison
EUNW.DE has a 0.50% expense ratio, which is higher than ASRF.DE's 0.25% expense ratio.
Dividends
EUNW.DE vs. ASRF.DE - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 5.17%, while ASRF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASRF.DE BNP Paribas Easy EUR High Yield SRI Fossil Free 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% |
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
EUNW.DE and ASRF.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRF.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRF.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for EUNW.DE.
EUNW.DE tracks iBoxx® EUR Liquid High Yield, while ASRF.DE tracks Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.50% for EUNW.DE and 0.25% for ASRF.DE.
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