To what extent does refugee protection in Western Europe depend on the ethno-religious and gender identity of asylum seekers? This article examines how selective humanitarianism, shaped by the identity of asylum seekers and migrants, shapes their protection status. It offers an analysis of Germany’s response to Yezidi refugees, in comparison with that of France, in the wake of the genocidal campaign carried out by the Islamic State in 2014. Drawing on fieldwork that includes interviews with Yezidi refugees and stakeholders in Germany, we argue that contemporary asylum regimes operate through three interrelated mechanisms: the securitization of certain groups, selective humanitarian exceptions, and neoliberal selection criteria. The Yezidi experience illustrates how these mechanisms generate hierarchies of protection, wherein even recognized victims of genocide must meet increasingly economic thresholds to secure lasting refuge. While specialized programs for women survivors represent important humanitarian innovations, they often exclude male family members, thereby producing new forms of vulnerability. Struggling to align with dominant narratives of economically valuable migrants, Yezidis encounter a renewed form of liminality in Europe.