A4H8.DE vs. ECR3.DE
A4H8.DE (Amundi Index Euro Corporate SRI UCITS ETF DR (C)) and ECR3.DE (Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF) are both European Corporate Bonds funds from Amundi - A4H8.DE tracks the Bloomberg MSCI Euro Corporate ESG Sustainability SRI while ECR3.DE tracks the Bloomberg MSCI Euro Corporate ESG BB+ Sustainability SRI 0-3 Year. Both are passively managed. Over the past 3 years, A4H8.DE returned 4.47%/yr vs 3.72%/yr for ECR3.DE. A 0.74 correlation means they provide meaningful diversification when combined. A4H8.DE charges 0.14%/yr vs 0.12%/yr for ECR3.DE.
Performance
A4H8.DE vs. ECR3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, A4H8.DE achieves a 0.54% return, which is significantly lower than ECR3.DE's 0.60% return.
A4H8.DE
- 1D
- 0.12%
- 1M
- 0.26%
- YTD
- 0.54%
- 6M
- 0.48%
- 1Y
- 2.16%
- 3Y*
- 4.47%
- 5Y*
- —
- 10Y*
- —
ECR3.DE
- 1D
- 0.04%
- 1M
- 0.24%
- YTD
- 0.60%
- 6M
- 0.69%
- 1Y
- 1.99%
- 3Y*
- 3.72%
- 5Y*
- 1.57%
- 10Y*
- —
A4H8.DE vs. ECR3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
A4H8.DE Amundi Index Euro Corporate SRI UCITS ETF DR (C) | 0.54% | 2.94% | 4.18% | 7.09% | -8.39% |
ECR3.DE Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF | 0.60% | 2.97% | 4.19% | 4.18% | -2.60% |
Correlation
The correlation between A4H8.DE and ECR3.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2022 | 0.74 |
The correlation between A4H8.DE and ECR3.DE has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
A4H8.DE vs. ECR3.DE — Risk / Return Rank
A4H8.DE
ECR3.DE
A4H8.DE vs. ECR3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index Euro Corporate SRI UCITS ETF DR (C) (A4H8.DE) and Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF (ECR3.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.
| A4H8.DE | ECR3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.39 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 2.16 | -1.43 |
| Martin ratioReturn relative to average drawdown | 2.44 | 8.95 | -6.52 |
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
| A4H8.DE | ECR3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 1.79 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.80 | -0.53 |
Drawdowns
A4H8.DE vs. ECR3.DE - Drawdown Comparison
The maximum A4H8.DE drawdown since its inception was -11.35%, which is greater than ECR3.DE's maximum drawdown of -5.04%. Use the drawdown chart below to compare losses from any high point for A4H8.DE and ECR3.DE.
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Drawdown Indicators
| A4H8.DE | ECR3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.35% | -5.04% | -6.31% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -0.88% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -2.52% | -0.88% | -1.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.04% | — |
Current DrawdownCurrent decline from peak | -0.68% | -0.10% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -1.05% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.21% | +0.55% |
Volatility
A4H8.DE vs. ECR3.DE - Volatility Comparison
Amundi Index Euro Corporate SRI UCITS ETF DR (C) (A4H8.DE) has a higher volatility of 1.11% compared to Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF (ECR3.DE) at 0.38%. This indicates that A4H8.DE's price experiences larger fluctuations and is considered to be riskier than ECR3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| A4H8.DE | ECR3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 0.38% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.59% | 0.96% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.97% | 1.06% | +1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.91% | 1.39% | +3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 1.74% | +3.17% |
A4H8.DE vs. ECR3.DE - Expense Ratio Comparison
A4H8.DE has a 0.14% expense ratio, which is higher than ECR3.DE's 0.12% 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
A4H8.DE vs. ECR3.DE - Dividend Comparison
Neither A4H8.DE nor ECR3.DE has paid dividends to shareholders.
Frequently Asked Questions
A4H8.DE and ECR3.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ECR3.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECR3.DE is cheaper with a 0.12% expense ratio, compared with 0.14% for A4H8.DE.
A4H8.DE tracks Bloomberg MSCI Euro Corporate ESG Sustainability SRI, while ECR3.DE tracks Bloomberg MSCI Euro Corporate ESG BB+ Sustainability SRI 0-3 Year. Their fees differ too: 0.14% for A4H8.DE and 0.12% for ECR3.DE.
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