XHYA.DE vs. ASRG.DE
XHYA.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF) and ASRG.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis) are both European High Yield Bonds funds - XHYA.DE tracks the iBoxx® EUR Liquid High Yield while ASRG.DE tracks the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel. Both are passively managed. Over the past 5 years, XHYA.DE returned 2.78%/yr vs 2.27%/yr for ASRG.DE. A 0.80 correlation means they provide meaningful diversification when combined. XHYA.DE charges 0.20%/yr vs 0.25%/yr for ASRG.DE.
Performance
XHYA.DE vs. ASRG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XHYA.DE achieves a 1.11% return, which is significantly higher than ASRG.DE's 0.92% return.
XHYA.DE
- 1D
- -0.22%
- 1M
- 0.41%
- YTD
- 1.11%
- 6M
- 1.27%
- 1Y
- 3.39%
- 3Y*
- 6.38%
- 5Y*
- 2.78%
- 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*
- —
XHYA.DE vs. ASRG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XHYA.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF | 1.11% | 4.47% | 6.15% | 10.88% | -8.84% | 2.42% |
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 XHYA.DE and ASRG.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021 | 0.80 |
Over the past year, the correlation between XHYA.DE and ASRG.DE has dropped to 0.53 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
XHYA.DE vs. ASRG.DE — Risk / Return Rank
XHYA.DE
ASRG.DE
XHYA.DE vs. ASRG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.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.
| XHYA.DE | ASRG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.15 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.08 | +0.03 |
| Martin ratioReturn relative to average drawdown | 4.54 | 4.36 | +0.17 |
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
| XHYA.DE | ASRG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.86 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.41 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.45 | 0.00 |
Drawdowns
XHYA.DE vs. ASRG.DE - Drawdown Comparison
The maximum XHYA.DE drawdown since its inception was -23.86%, 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 XHYA.DE and ASRG.DE.
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Drawdown Indicators
| XHYA.DE | ASRG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.86% | -16.66% | -7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -3.30% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -4.23% | -3.91% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -14.48% | -16.66% | +2.18% |
Current DrawdownCurrent decline from peak | -0.22% | -0.05% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -3.97% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.82% | -0.11% |
Volatility
XHYA.DE vs. ASRG.DE - Volatility Comparison
Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.DE) has a higher volatility of 1.08% compared to BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Dis (ASRG.DE) at 1.02%. This indicates that XHYA.DE's price experiences larger fluctuations and is considered to be riskier 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
| XHYA.DE | ASRG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.02% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 3.35% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 4.15% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.46% | 5.52% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 5.44% | +1.23% |
XHYA.DE vs. ASRG.DE - Expense Ratio Comparison
XHYA.DE has a 0.20% expense ratio, which is lower than ASRG.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XHYA.DE vs. ASRG.DE - Dividend Comparison
XHYA.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% |
XHYA.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XHYA.DE and ASRG.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHYA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHYA.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for ASRG.DE.
XHYA.DE tracks iBoxx® EUR Liquid High Yield, while ASRG.DE tracks Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel. They also come from different issuers: Xtrackers and BNP Paribas. Their fees differ too: 0.20% for XHYA.DE and 0.25% for ASRG.DE.
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