ECMA.DE vs. IB26.DE
ECMA.DE (Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc) and IB26.DE (iShares iBonds Dec 2026 Term EUR Corporate UCITS ETF EUR (Dist)) are both European Corporate Bonds funds - ECMA.DE tracks the Invesco EUR Corporate Bond ESG Multi-Factor while IB26.DE tracks the Bloomberg MSCI December 2026 Maturity EUR Corporate ESG Screened Index. Both are passively managed. Over the past year, ECMA.DE returned 2.04% vs 2.18% for IB26.DE. A 0.62 correlation means they provide meaningful diversification when combined. ECMA.DE charges 0.19%/yr vs 0.12%/yr for IB26.DE.
Performance
ECMA.DE vs. IB26.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ECMA.DE achieves a 0.50% return, which is significantly lower than IB26.DE's 0.88% return.
ECMA.DE
- 1D
- 0.10%
- 1M
- 0.29%
- YTD
- 0.50%
- 6M
- 0.46%
- 1Y
- 2.04%
- 3Y*
- 4.49%
- 5Y*
- —
- 10Y*
- —
IB26.DE
- 1D
- 0.02%
- 1M
- 0.25%
- YTD
- 0.88%
- 6M
- 1.06%
- 1Y
- 2.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ECMA.DE vs. IB26.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ECMA.DE Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc | 0.50% | 2.90% | 4.30% | 4.86% |
IB26.DE iShares iBonds Dec 2026 Term EUR Corporate UCITS ETF EUR (Dist) | 0.88% | 2.79% | 3.68% | 3.19% |
Correlation
The correlation between ECMA.DE and IB26.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2023 | 0.62 |
Over the past year, the correlation between ECMA.DE and IB26.DE has dropped to 0.15 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
ECMA.DE vs. IB26.DE — Risk / Return Rank
ECMA.DE
IB26.DE
ECMA.DE vs. IB26.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.DE) and iShares iBonds Dec 2026 Term EUR Corporate UCITS ETF EUR (Dist) (IB26.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.
| ECMA.DE | IB26.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -4.23 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.66 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 11.70 | -11.09 |
| Martin ratioReturn relative to average drawdown | 2.07 | 54.81 | -52.74 |
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
| ECMA.DE | IB26.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 3.01 | -2.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 2.62 | -1.81 |
Drawdowns
ECMA.DE vs. IB26.DE - Drawdown Comparison
The maximum ECMA.DE drawdown since its inception was -8.91%, which is greater than IB26.DE's maximum drawdown of -0.83%. Use the drawdown chart below to compare losses from any high point for ECMA.DE and IB26.DE.
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Drawdown Indicators
| ECMA.DE | IB26.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.91% | -0.83% | -8.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -0.18% | -2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -2.68% | — | — |
Current DrawdownCurrent decline from peak | -0.76% | 0.00% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -0.11% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.04% | +0.76% |
Volatility
ECMA.DE vs. IB26.DE - Volatility Comparison
Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.DE) has a higher volatility of 1.28% compared to iShares iBonds Dec 2026 Term EUR Corporate UCITS ETF EUR (Dist) (IB26.DE) at 0.25%. This indicates that ECMA.DE's price experiences larger fluctuations and is considered to be riskier than IB26.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECMA.DE | IB26.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 0.25% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 0.51% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 0.72% | +2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.16% | 1.43% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.16% | 1.43% | +2.73% |
ECMA.DE vs. IB26.DE - Expense Ratio Comparison
ECMA.DE has a 0.19% expense ratio, which is higher than IB26.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
ECMA.DE vs. IB26.DE - Dividend Comparison
ECMA.DE has not paid dividends to shareholders, while IB26.DE's dividend yield for the trailing twelve months is around 3.14%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ECMA.DE Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% |
IB26.DE iShares iBonds Dec 2026 Term EUR Corporate UCITS ETF EUR (Dist) | 3.14% | 3.24% | 3.59% | 1.20% |
Frequently Asked Questions
ECMA.DE and IB26.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IB26.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IB26.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for ECMA.DE.
ECMA.DE tracks Invesco EUR Corporate Bond ESG Multi-Factor, while IB26.DE tracks Bloomberg MSCI December 2026 Maturity EUR Corporate ESG Screened Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for ECMA.DE and 0.12% for IB26.DE.
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