ECMS.DE vs. IBCS.DE
ECMS.DE (Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF Acc) and IBCS.DE (iShares Euro Corporate Bond Large Cap UCITS ETF) are both European Corporate Bonds funds - ECMS.DE tracks the Invesco EUR Corporate Bond ESG Short Duration Multi-Factor while IBCS.DE tracks the iBoxx® EUR Liquid Corporates Large Cap. Both are passively managed. Over the past 3 years, ECMS.DE returned 3.99%/yr vs 4.29%/yr for IBCS.DE. Their correlation of 0.86 suggests significant overlap in exposure. ECMS.DE charges 0.15%/yr vs 0.20%/yr for IBCS.DE.
Performance
ECMS.DE vs. IBCS.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 IBCS.DE's 0.64% return.
ECMS.DE
- 1D
- 0.07%
- 1M
- 0.12%
- YTD
- 0.21%
- 6M
- 0.30%
- 1Y
- 1.87%
- 3Y*
- 3.99%
- 5Y*
- —
- 10Y*
- —
IBCS.DE
- 1D
- 0.12%
- 1M
- 0.29%
- YTD
- 0.64%
- 6M
- 0.59%
- 1Y
- 2.11%
- 3Y*
- 4.29%
- 5Y*
- -0.27%
- 10Y*
- 0.73%
ECMS.DE vs. IBCS.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% |
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 0.64% | 2.84% | 3.66% | 7.36% | -1.35% |
Correlation
The correlation between ECMS.DE and IBCS.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.86 |
The correlation between ECMS.DE and IBCS.DE has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.
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Return for Risk
ECMS.DE vs. IBCS.DE — Risk / Return Rank
ECMS.DE
IBCS.DE
ECMS.DE vs. IBCS.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 Euro Corporate Bond Large Cap UCITS ETF (IBCS.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 | IBCS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.10 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.62 | +0.25 |
| Martin ratioReturn relative to average drawdown | 2.98 | 2.13 | +0.85 |
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 | IBCS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.51 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.06 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.16 | +0.90 |
Drawdowns
ECMS.DE vs. IBCS.DE - Drawdown Comparison
The maximum ECMS.DE drawdown since its inception was -5.27%, smaller than the maximum IBCS.DE drawdown of -31.12%. Use the drawdown chart below to compare losses from any high point for ECMS.DE and IBCS.DE.
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Drawdown Indicators
| ECMS.DE | IBCS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.27% | -31.12% | +25.85% |
Max Drawdown (1Y)Largest decline over 1 year | -1.90% | -2.79% | +0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -1.90% | -2.79% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.87% | — |
Current DrawdownCurrent decline from peak | -0.61% | -2.79% | +2.18% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -8.35% | +7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.81% | -0.26% |
Volatility
ECMS.DE vs. IBCS.DE - Volatility Comparison
The current volatility for Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF Acc (ECMS.DE) is 0.91%, while iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) has a volatility of 1.18%. This indicates that ECMS.DE experiences smaller price fluctuations and is considered to be less risky than IBCS.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 | IBCS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.18% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 2.88% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.08% | 3.38% | -1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 4.74% | -1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.87% | 4.47% | -1.60% |
ECMS.DE vs. IBCS.DE - Expense Ratio Comparison
ECMS.DE has a 0.15% expense ratio, which is lower than IBCS.DE's 0.20% expense ratio. Despite the difference, 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. IBCS.DE - Dividend Comparison
ECMS.DE has not paid dividends to shareholders, while IBCS.DE's dividend yield for the trailing twelve months is around 3.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 3.07% | 3.03% | 2.74% | 2.31% | 1.05% | 0.73% | 0.85% | 0.99% | 1.10% | 1.09% | 1.27% | 1.57% |
Frequently Asked Questions
ECMS.DE and IBCS.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ECMS.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECMS.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for IBCS.DE.
ECMS.DE tracks Invesco EUR Corporate Bond ESG Short Duration Multi-Factor, while IBCS.DE tracks iBoxx® EUR Liquid Corporates Large Cap. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.15% for ECMS.DE and 0.20% for IBCS.DE.
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