ECMA.DE vs. JER5.DE
ECMA.DE (Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc) and JER5.DE (JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF) are both European Corporate Bonds funds - ECMA.DE tracks the Invesco EUR Corporate Bond ESG Multi-Factor while JER5.DE tracks the JP Morgan EUR Corporate Bond 1-5 Research Enhanced Index (ESG). Both are passively managed. Over the past 3 years, ECMA.DE returned 4.49%/yr vs 4.31%/yr for JER5.DE. Their correlation of 0.87 suggests significant overlap in exposure. ECMA.DE charges 0.19%/yr vs 0.04%/yr for JER5.DE.
Performance
ECMA.DE vs. JER5.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ECMA.DE having a 0.50% return and JER5.DE slightly lower at 0.48%.
ECMA.DE
- 1D
- 0.10%
- 1M
- 0.29%
- YTD
- 0.50%
- 6M
- 0.46%
- 1Y
- 2.04%
- 3Y*
- 4.49%
- 5Y*
- —
- 10Y*
- —
JER5.DE
- 1D
- 0.06%
- 1M
- 0.25%
- YTD
- 0.48%
- 6M
- 0.48%
- 1Y
- 2.20%
- 3Y*
- 4.31%
- 5Y*
- 1.14%
- 10Y*
- —
ECMA.DE vs. JER5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ECMA.DE Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc | 0.50% | 2.90% | 4.30% | 7.06% | -1.21% |
JER5.DE JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF | 0.48% | 3.43% | 4.31% | 6.22% | -1.05% |
Correlation
The correlation between ECMA.DE and JER5.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.87 |
The correlation between ECMA.DE and JER5.DE shifts across timeframes, from 0.70 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ECMA.DE vs. JER5.DE — Risk / Return Rank
ECMA.DE
JER5.DE
ECMA.DE vs. JER5.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 JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (JER5.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 | JER5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 1.04 | -0.42 |
| Martin ratioReturn relative to average drawdown | 2.07 | 3.74 | -1.67 |
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 | JER5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 1.05 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.39 | +0.42 |
Drawdowns
ECMA.DE vs. JER5.DE - Drawdown Comparison
The maximum ECMA.DE drawdown since its inception was -8.91%, smaller than the maximum JER5.DE drawdown of -10.17%. Use the drawdown chart below to compare losses from any high point for ECMA.DE and JER5.DE.
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Drawdown Indicators
| ECMA.DE | JER5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.91% | -10.17% | +1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -1.98% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -2.68% | -1.98% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.17% | — |
Current DrawdownCurrent decline from peak | -0.76% | -0.46% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -2.25% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.55% | +0.25% |
Volatility
ECMA.DE vs. JER5.DE - Volatility Comparison
Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.DE) has a higher volatility of 1.28% compared to JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (JER5.DE) at 0.58%. This indicates that ECMA.DE's price experiences larger fluctuations and is considered to be riskier than JER5.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 | JER5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 0.58% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 1.73% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 1.96% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.16% | 2.55% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.16% | 3.10% | +1.06% |
ECMA.DE vs. JER5.DE - Expense Ratio Comparison
ECMA.DE has a 0.19% expense ratio, which is higher than JER5.DE's 0.04% 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. JER5.DE - Dividend Comparison
Neither ECMA.DE nor JER5.DE has paid dividends to shareholders.
Frequently Asked Questions
ECMA.DE and JER5.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JER5.DE is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JER5.DE is cheaper with a 0.04% expense ratio, compared with 0.19% for ECMA.DE.
ECMA.DE tracks Invesco EUR Corporate Bond ESG Multi-Factor, while JER5.DE tracks JP Morgan EUR Corporate Bond 1-5 Research Enhanced Index (ESG). They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.19% for ECMA.DE and 0.04% for JER5.DE.
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