XYLE.DE vs. ASRW.DE

Last updated Jul 18, 2026

XYLE.DE (Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF EUR Hedged (Acc)) and ASRW.DE (BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc) are both exchange-traded funds - XYLE.DE is a Short-Term Bond fund tracking the Bloomberg MSCI USD Corporate SRI 0-5 Years PAB Index (EUR Hedged), while ASRW.DE is a ESG fund tracking the MSCI World Select Filtered Min TE Index. Both are passively managed. Over the past year, XYLE.DE returned 1.66% vs 21.94% for ASRW.DE. At a 0.12 correlation, their price movements are largely independent. XYLE.DE charges 0.21%/yr vs 0.16%/yr for ASRW.DE.

Performance

XYLE.DE vs. ASRW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF EUR Hedged (Acc) (XYLE.DE) and BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc (ASRW.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XYLE.DE is traded in EUR, while ASRW.DE is traded in USD. To make them comparable, the ASRW.DE values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, XYLE.DE achieves a -0.20% return, which is significantly lower than ASRW.DE's 11.69% return.

XYLE.DE

• 1D: 0.05%
• 1M: -0.00%
• 6M: 0.10%
• YTD: -0.20%
• 1Y: 1.66%
• 3Y*: 3.14%
• 5Y*: -0.38%
• 10Y*: —

ASRW.DE

• 1D: -1.01%
• 1M: -0.08%
• 6M: 9.06%
• YTD: 11.69%
• 1Y: 21.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XYLE.DE vs. ASRW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XYLE.DE Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF EUR Hedged (Acc)	-0.20%	4.18%	2.77%
ASRW.DE BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc	11.69%	6.97%	14.90%

Correlation

The correlation between XYLE.DE and ASRW.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since May 30, 2024	0.12

The correlation between XYLE.DE and ASRW.DE shifts across timeframes, from 0.12 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XYLE.DE vs. ASRW.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XYLE.DE

XYLE.DE Risk / Return Rank: 28
XYLE.DE Sharpe Ratio Rank: 28
XYLE.DE Sortino Ratio Rank: 26
XYLE.DE Omega Ratio Rank: 26
XYLE.DE Calmar Ratio Rank: 31
XYLE.DE Martin Ratio Rank: 29

ASRW.DE

ASRW.DE Risk / Return Rank: 67
ASRW.DE Sharpe Ratio Rank: 65
ASRW.DE Sortino Ratio Rank: 72
ASRW.DE Omega Ratio Rank: 64
ASRW.DE Calmar Ratio Rank: 62
ASRW.DE Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XYLE.DE vs. ASRW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF EUR Hedged (Acc) (XYLE.DE) and BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc (ASRW.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XYLE.DE	ASRW.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.79	1.75	-0.97
Sortino ratio: Return per unit of downside risk	1.11	2.53	-1.42
Omega ratio: Gain probability vs. loss probability	1.14	1.32	-0.18
Calmar ratio: Return relative to maximum drawdown	1.17	3.27	-2.11
Martin ratio: Return relative to average drawdown	3.00	12.27	-9.27

XYLE.DE vs. ASRW.DE - Sharpe Ratio Comparison

The current XYLE.DE Sharpe Ratio is 0.79, which is lower than the ASRW.DE Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of XYLE.DE and ASRW.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XYLE.DE vs. ASRW.DE - Drawdown Comparison

The maximum XYLE.DE drawdown since its inception was -19.07%, smaller than the maximum ASRW.DE drawdown of -20.77%. Use the drawdown chart below to compare losses from any high point for XYLE.DE and ASRW.DE.

Drawdown Indicators

	XYLE.DE	ASRW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.07%	-20.77%	+1.70%
Max Drawdown (1Y) Largest decline over 1 year	-1.41%	-6.67%	+5.26%
Max Drawdown (3Y) Largest decline over 3 years	-1.45%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.98%	—	—
Current Drawdown Current decline from peak	-2.96%	-1.19%	-1.77%
Average Drawdown Average peak-to-trough decline	-5.28%	-3.07%	-2.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.55%	1.78%	-1.23%

Volatility

XYLE.DE vs. ASRW.DE - Volatility Comparison

The current volatility for Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF EUR Hedged (Acc) (XYLE.DE) is 0.52%, while BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc (ASRW.DE) has a volatility of 2.80%. This indicates that XYLE.DE experiences smaller price fluctuations and is considered to be less risky than ASRW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XYLE.DE	ASRW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.52%	2.80%	-2.28%
Volatility (6M) Calculated over the trailing 6-month period	1.71%	9.45%	-7.74%
Volatility (1Y) Calculated over the trailing 1-year period	2.10%	12.55%	-10.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.27%	14.93%	-11.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.85%	14.93%	-9.08%

XYLE.DE vs. ASRW.DE - Expense Ratio Comparison

XYLE.DE has a 0.21% expense ratio, which is higher than ASRW.DE's 0.16% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XYLE.DE vs. ASRW.DE - Dividend Comparison

Neither XYLE.DE nor ASRW.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XYLE.DE and ASRW.DE in my portfolio?

XYLE.DE and ASRW.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XYLE.DE or ASRW.DE?

On fees, ASRW.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XYLE.DE or ASRW.DE?

ASRW.DE is cheaper with a 0.16% expense ratio, compared with 0.21% for XYLE.DE.

What is the main difference between XYLE.DE and ASRW.DE?

XYLE.DE is categorized as Short-Term Bond, while ASRW.DE is ESG. XYLE.DE tracks Bloomberg MSCI USD Corporate SRI 0-5 Years PAB Index (EUR Hedged), while ASRW.DE tracks MSCI World Select Filtered Min TE Index. They also come from different issuers: Xtrackers and BNP Paribas. Their fees differ too: 0.21% for XYLE.DE and 0.16% for ASRW.DE.