ECMS.DE vs. EFRN.DE
ECMS.DE (Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF Acc) and EFRN.DE (iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist)) are both European Corporate Bonds funds - ECMS.DE tracks the Invesco EUR Corporate Bond ESG Short Duration Multi-Factor while EFRN.DE tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Over the past 3 years, ECMS.DE returned 3.99%/yr vs 3.61%/yr for EFRN.DE. At a 0.05 correlation, their price movements are largely independent. ECMS.DE charges 0.15%/yr vs 0.10%/yr for EFRN.DE.
Performance
ECMS.DE vs. EFRN.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 EFRN.DE's 0.87% return.
ECMS.DE
- 1D
- 0.07%
- 1M
- 0.34%
- YTD
- 0.21%
- 6M
- 0.19%
- 1Y
- 1.65%
- 3Y*
- 3.99%
- 5Y*
- —
- 10Y*
- —
EFRN.DE
- 1D
- 0.05%
- 1M
- 0.17%
- YTD
- 0.87%
- 6M
- 1.29%
- 1Y
- 2.55%
- 3Y*
- 3.61%
- 5Y*
- 2.35%
- 10Y*
- —
ECMS.DE vs. EFRN.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% |
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 0.87% | 2.94% | 4.31% | 3.97% | 0.49% |
Correlation
The correlation between ECMS.DE and EFRN.DE is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.05 |
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Return for Risk
ECMS.DE vs. EFRN.DE — Risk / Return Rank
ECMS.DE
EFRN.DE
ECMS.DE vs. EFRN.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 iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.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 | EFRN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.55 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 8.25 | -7.38 |
| Martin ratioReturn relative to average drawdown | 2.98 | 32.61 | -29.63 |
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 | EFRN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 2.58 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 1.12 | -0.06 |
Drawdowns
ECMS.DE vs. EFRN.DE - Drawdown Comparison
The maximum ECMS.DE drawdown since its inception was -5.27%, smaller than the maximum EFRN.DE drawdown of -5.68%. Use the drawdown chart below to compare losses from any high point for ECMS.DE and EFRN.DE.
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Drawdown Indicators
| ECMS.DE | EFRN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.27% | -5.68% | +0.41% |
Max Drawdown (1Y)Largest decline over 1 year | -1.90% | -0.31% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -1.90% | -0.48% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.13% | — |
Current DrawdownCurrent decline from peak | -0.61% | -0.01% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -0.33% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.08% | +0.47% |
Volatility
ECMS.DE vs. EFRN.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 iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) at 0.34%. This indicates that ECMS.DE's price experiences larger fluctuations and is considered to be riskier than EFRN.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 | EFRN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.34% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 0.80% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.08% | 0.98% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 0.99% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.87% | 1.35% | +1.52% |
ECMS.DE vs. EFRN.DE - Expense Ratio Comparison
ECMS.DE has a 0.15% expense ratio, which is higher than EFRN.DE's 0.10% 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. EFRN.DE - Dividend Comparison
ECMS.DE has not paid dividends to shareholders, while EFRN.DE's dividend yield for the trailing twelve months is around 2.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ECMS.DE Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 2.50% | 2.88% | 4.22% | 2.93% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ECMS.DE and EFRN.DE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EFRN.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EFRN.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for ECMS.DE.
ECMS.DE tracks Invesco EUR Corporate Bond ESG Short Duration Multi-Factor, while EFRN.DE tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.15% for ECMS.DE and 0.10% for EFRN.DE.
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