XHYG.DE vs. ASRF.DE
XHYG.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D) and ASRF.DE (BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc) are both European High Yield Bonds funds - XHYG.DE tracks the Bloomberg Pan Euro HY Euro TR EUR while ASRF.DE tracks the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel. Both are passively managed. Over the past 5 years, XHYG.DE returned 2.78%/yr vs 2.26%/yr for ASRF.DE. A 0.68 correlation means they provide meaningful diversification when combined. XHYG.DE charges 0.20%/yr vs 0.25%/yr for ASRF.DE.
Performance
XHYG.DE vs. ASRF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XHYG.DE achieves a 1.00% return, which is significantly higher than ASRF.DE's 0.70% return.
XHYG.DE
- 1D
- 0.08%
- 1M
- 0.61%
- YTD
- 1.00%
- 6M
- 1.35%
- 1Y
- 3.43%
- 3Y*
- 6.42%
- 5Y*
- 2.78%
- 10Y*
- 3.16%
ASRF.DE
- 1D
- 0.10%
- 1M
- 0.61%
- YTD
- 0.70%
- 6M
- 1.18%
- 1Y
- 3.72%
- 3Y*
- 6.65%
- 5Y*
- 2.26%
- 10Y*
- —
XHYG.DE vs. ASRF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XHYG.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D | 1.00% | 4.63% | 6.16% | 11.48% | -8.51% | 0.78% |
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 XHYG.DE and ASRF.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.68 |
The correlation between XHYG.DE and ASRF.DE has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.
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Return for Risk
XHYG.DE vs. ASRF.DE — Risk / Return Rank
XHYG.DE
ASRF.DE
XHYG.DE vs. ASRF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.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.
| XHYG.DE | ASRF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.09 | +0.13 |
| Martin ratioReturn relative to average drawdown | 5.17 | 4.34 | +0.84 |
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
| XHYG.DE | ASRF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.93 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.43 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.45 | -0.01 |
Drawdowns
XHYG.DE vs. ASRF.DE - Drawdown Comparison
The maximum XHYG.DE drawdown since its inception was -24.00%, 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 XHYG.DE and ASRF.DE.
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Drawdown Indicators
| XHYG.DE | ASRF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.00% | -16.76% | -7.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -3.25% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -3.86% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -14.54% | -16.76% | +2.22% |
Max Drawdown (10Y)Largest decline over 10 years | -24.00% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.34% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -4.24% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.82% | -0.15% |
Volatility
XHYG.DE vs. ASRF.DE - Volatility Comparison
Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) has a higher volatility of 1.15% compared to BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF Acc (ASRF.DE) at 1.05%. This indicates that XHYG.DE's price experiences larger fluctuations and is considered to be riskier 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
| XHYG.DE | ASRF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.05% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 3.20% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 3.80% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 5.85% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.17% | 5.83% | +1.34% |
XHYG.DE vs. ASRF.DE - Expense Ratio Comparison
XHYG.DE has a 0.20% expense ratio, which is lower than ASRF.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
XHYG.DE vs. ASRF.DE - Dividend Comparison
XHYG.DE's dividend yield for the trailing twelve months is around 4.93%, while ASRF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XHYG.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D | 4.93% | 4.75% | 5.48% | 3.95% | 3.70% | 5.75% | 2.27% | 3.54% | 5.11% | 3.71% | 1.25% |
Frequently Asked Questions
XHYG.DE and ASRF.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHYG.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHYG.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for ASRF.DE.
XHYG.DE tracks Bloomberg Pan Euro HY Euro TR EUR, while ASRF.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 XHYG.DE and 0.25% for ASRF.DE.
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