COVR.DE vs. LCVB.DE
COVR.DE (PIMCO Covered Bond UCITS ETF Dist) and LCVB.DE (Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist) are both European Corporate Bonds funds - COVR.DE tracks the PIMCO Covered Bond while LCVB.DE tracks the iBoxx® MSCI ESG EUR Corporates 0-1. Both are passively managed. Over the past 10 years, COVR.DE returned 0.53%/yr vs -0.35%/yr for LCVB.DE. A 0.52 correlation means they provide meaningful diversification when combined. COVR.DE charges 0.43%/yr vs 0.08%/yr for LCVB.DE.
Performance
COVR.DE vs. LCVB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, COVR.DE achieves a -0.22% return, which is significantly lower than LCVB.DE's 0.94% return. Over the past 10 years, COVR.DE has outperformed LCVB.DE with an annualized return of 0.53%, while LCVB.DE has yielded a comparatively lower -0.35% annualized return.
COVR.DE
- 1D
- -0.00%
- 1M
- 0.10%
- YTD
- -0.22%
- 6M
- -0.38%
- 1Y
- 0.96%
- 3Y*
- 3.61%
- 5Y*
- -0.49%
- 10Y*
- 0.53%
LCVB.DE
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 0.94%
- 6M
- -0.40%
- 1Y
- 0.67%
- 3Y*
- 1.93%
- 5Y*
- -1.08%
- 10Y*
- -0.35%
COVR.DE vs. LCVB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COVR.DE PIMCO Covered Bond UCITS ETF Dist | -0.22% | 2.66% | 3.80% | 6.11% | -12.85% | -2.27% | 3.03% | 3.98% | 0.05% | 2.43% |
LCVB.DE Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist | 0.94% | 0.95% | 2.69% | 2.15% | -10.56% | -1.94% | 1.32% | 1.70% | -0.05% | 0.35% |
Correlation
The correlation between COVR.DE and LCVB.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2014 | 0.52 |
Over the past year, the correlation between COVR.DE and LCVB.DE has dropped to 0.16 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
COVR.DE vs. LCVB.DE — Risk / Return Rank
COVR.DE
LCVB.DE
COVR.DE vs. LCVB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Covered Bond UCITS ETF Dist (COVR.DE) and Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist (LCVB.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.
| COVR.DE | LCVB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.19 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 0.47 | -0.25 |
| Martin ratioReturn relative to average drawdown | 0.65 | 1.00 | -0.35 |
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
| COVR.DE | LCVB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.44 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | -0.39 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | -0.14 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.57 | -0.36 |
Drawdowns
COVR.DE vs. LCVB.DE - Drawdown Comparison
The maximum COVR.DE drawdown since its inception was -16.36%, which is greater than LCVB.DE's maximum drawdown of -14.50%. Use the drawdown chart below to compare losses from any high point for COVR.DE and LCVB.DE.
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Drawdown Indicators
| COVR.DE | LCVB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.36% | -14.50% | -1.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -1.44% | -1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -2.85% | -1.44% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -15.69% | -13.73% | -1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | -14.50% | -1.86% |
Current DrawdownCurrent decline from peak | -4.21% | -6.79% | +2.58% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -3.13% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.68% | +0.32% |
Volatility
COVR.DE vs. LCVB.DE - Volatility Comparison
PIMCO Covered Bond UCITS ETF Dist (COVR.DE) has a higher volatility of 0.92% compared to Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist (LCVB.DE) at 0.10%. This indicates that COVR.DE's price experiences larger fluctuations and is considered to be riskier than LCVB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COVR.DE | LCVB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.10% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 1.51% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.48% | 1.55% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.77% | 2.75% | +1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.98% | 2.54% | +0.44% |
COVR.DE vs. LCVB.DE - Expense Ratio Comparison
COVR.DE has a 0.43% expense ratio, which is higher than LCVB.DE's 0.08% expense ratio.
Dividends
COVR.DE vs. LCVB.DE - Dividend Comparison
COVR.DE's dividend yield for the trailing twelve months is around 2.49%, while LCVB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COVR.DE PIMCO Covered Bond UCITS ETF Dist | 2.49% | 2.43% | 1.66% | 0.56% | 0.00% | 0.00% | 0.42% | 1.20% | 0.78% | 0.57% | 0.74% | 0.86% |
LCVB.DE Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist | 0.00% | 0.00% | 0.00% | 0.00% | 0.51% | 0.82% | 1.26% | 1.51% | 1.80% | 2.86% | 0.31% | 0.49% |
Frequently Asked Questions
COVR.DE and LCVB.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LCVB.DE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCVB.DE is cheaper with a 0.08% expense ratio, compared with 0.43% for COVR.DE.
COVR.DE tracks PIMCO Covered Bond, while LCVB.DE tracks iBoxx® MSCI ESG EUR Corporates 0-1. They also come from different issuers: PIMCO and Amundi. Their fees differ too: 0.43% for COVR.DE and 0.08% for LCVB.DE.
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