ECMA.DE vs. SPPS.DE
ECMA.DE (Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc) and SPPS.DE (SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc) are both European Corporate Bonds funds - ECMA.DE tracks the Invesco EUR Corporate Bond ESG Multi-Factor while SPPS.DE tracks the Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select. Both are passively managed. Over the past 3 years, ECMA.DE returned 4.37%/yr vs 3.75%/yr for SPPS.DE. A 0.57 correlation means they provide meaningful diversification when combined. ECMA.DE charges 0.19%/yr vs 0.12%/yr for SPPS.DE.
Performance
ECMA.DE vs. SPPS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ECMA.DE achieves a 0.46% return, which is significantly lower than SPPS.DE's 1.19% return.
ECMA.DE
- 1D
- 0.00%
- 1M
- -0.48%
- 6M
- -0.04%
- YTD
- 0.46%
- 1Y
- 1.27%
- 3Y*
- 4.37%
- 5Y*
- —
- 10Y*
- —
SPPS.DE
- 1D
- 0.00%
- 1M
- 0.26%
- 6M
- 0.97%
- YTD
- 1.19%
- 1Y
- 2.00%
- 3Y*
- 3.75%
- 5Y*
- —
- 10Y*
- —
ECMA.DE vs. SPPS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ECMA.DE Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc | 0.46% | 2.90% | 4.30% | 7.06% | -0.85% |
SPPS.DE SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc | 1.19% | 2.96% | 4.20% | 4.07% | 0.56% |
Correlation
The correlation between ECMA.DE and SPPS.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.57 |
The correlation between ECMA.DE and SPPS.DE shifts across timeframes, from 0.47 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ECMA.DE vs. SPPS.DE — Risk / Return Rank
ECMA.DE
SPPS.DE
ECMA.DE vs. SPPS.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 SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc (SPPS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ECMA.DE | SPPS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.22 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 1.69 | -1.22 |
| Martin ratioReturn relative to average drawdown | 1.55 | 6.66 | -5.12 |
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Drawdowns
ECMA.DE vs. SPPS.DE - Drawdown Comparison
The maximum ECMA.DE drawdown since its inception was -8.91%, which is greater than SPPS.DE's maximum drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for ECMA.DE and SPPS.DE.
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Drawdown Indicators
| ECMA.DE | SPPS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.91% | -2.70% | -6.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -1.18% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -2.68% | -1.18% | -1.50% |
Current DrawdownCurrent decline from peak | -0.81% | 0.00% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -0.44% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.30% | +0.52% |
Volatility
ECMA.DE vs. SPPS.DE - Volatility Comparison
Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.DE) has a higher volatility of 0.80% compared to SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc (SPPS.DE) at 0.50%. This indicates that ECMA.DE's price experiences larger fluctuations and is considered to be riskier than SPPS.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 | SPPS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 0.50% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 1.99% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.17% | 2.08% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.15% | 2.26% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 2.26% | +1.89% |
ECMA.DE vs. SPPS.DE - Expense Ratio Comparison
ECMA.DE has a 0.19% expense ratio, which is higher than SPPS.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. SPPS.DE - Dividend Comparison
Neither ECMA.DE nor SPPS.DE has paid dividends to shareholders.
Frequently Asked Questions
ECMA.DE and SPPS.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPS.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPS.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 SPPS.DE tracks Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.19% for ECMA.DE and 0.12% for SPPS.DE.
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