ECMS.DE vs. ECR3.DE
ECMS.DE (Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF Acc) and ECR3.DE (Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF) are both European Corporate Bonds funds - ECMS.DE tracks the Invesco EUR Corporate Bond ESG Short Duration Multi-Factor 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, ECMS.DE returned 3.99%/yr vs 3.72%/yr for ECR3.DE. A 0.75 correlation means they provide meaningful diversification when combined. ECMS.DE charges 0.15%/yr vs 0.12%/yr for ECR3.DE.
Performance
ECMS.DE vs. ECR3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ECMS.DE achieves a 0.21% return, which is significantly lower than ECR3.DE's 0.60% return.
ECMS.DE
- 1D
- 0.07%
- 1M
- 0.34%
- YTD
- 0.21%
- 6M
- 0.19%
- 1Y
- 1.65%
- 3Y*
- 3.99%
- 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*
- —
ECMS.DE vs. ECR3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ECMS.DE Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF Acc | 0.21% | 3.37% | 3.99% | 5.24% | -0.54% |
ECR3.DE Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF | 0.60% | 2.97% | 4.19% | 4.18% | -0.41% |
Correlation
The correlation between ECMS.DE and ECR3.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.75 |
The correlation between ECMS.DE and ECR3.DE has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
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Return for Risk
ECMS.DE vs. ECR3.DE — Risk / Return Rank
ECMS.DE
ECR3.DE
ECMS.DE vs. ECR3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF Acc (ECMS.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.
| ECMS.DE | ECR3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.39 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 2.16 | -1.29 |
| Martin ratioReturn relative to average drawdown | 2.98 | 8.95 | -5.97 |
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
| ECMS.DE | ECR3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.79 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.80 | +0.26 |
Drawdowns
ECMS.DE vs. ECR3.DE - Drawdown Comparison
The maximum ECMS.DE drawdown since its inception was -5.27%, roughly equal to the maximum ECR3.DE drawdown of -5.04%. Use the drawdown chart below to compare losses from any high point for ECMS.DE and ECR3.DE.
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Drawdown Indicators
| ECMS.DE | ECR3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.27% | -5.04% | -0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -1.90% | -0.88% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -1.90% | -0.88% | -1.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.04% | — |
Current DrawdownCurrent decline from peak | -0.61% | -0.10% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -1.05% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.21% | +0.34% |
Volatility
ECMS.DE vs. ECR3.DE - Volatility Comparison
Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF Acc (ECMS.DE) has a higher volatility of 0.91% compared to Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF (ECR3.DE) at 0.38%. This indicates that ECMS.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
| ECMS.DE | ECR3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.38% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 0.96% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.08% | 1.06% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 1.39% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.87% | 1.74% | +1.13% |
ECMS.DE vs. ECR3.DE - Expense Ratio Comparison
ECMS.DE has a 0.15% 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
ECMS.DE vs. ECR3.DE - Dividend Comparison
Neither ECMS.DE nor ECR3.DE has paid dividends to shareholders.
Frequently Asked Questions
ECMS.DE and ECR3.DE have a correlation of 0.72, 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 0.15% for ECMS.DE.
ECMS.DE tracks Invesco EUR Corporate Bond ESG Short Duration Multi-Factor, while ECR3.DE tracks Bloomberg MSCI Euro Corporate ESG BB+ Sustainability SRI 0-3 Year. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.15% for ECMS.DE and 0.12% for ECR3.DE.
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