ECMS.DE vs. JREB.DE

Last updated Jun 5, 2026

ECMS.DE (Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF Acc) and JREB.DE (JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF) are both European Corporate Bonds funds - ECMS.DE tracks the Invesco EUR Corporate Bond ESG Short Duration Multi-Factor while JREB.DE tracks the JP Morgan EUR Corporate Bond Research Enhanced Index (ESG). Both are passively managed. Over the past 3 years, ECMS.DE returned 3.99%/yr vs 4.65%/yr for JREB.DE. Their correlation of 0.89 suggests significant overlap in exposure. ECMS.DE charges 0.15%/yr vs 0.04%/yr for JREB.DE.

Performance

ECMS.DE vs. JREB.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF Acc (ECMS.DE) and JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JREB.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ECMS.DE achieves a 0.21% return, which is significantly lower than JREB.DE's 0.57% return.

ECMS.DE

• 1D: 0.07%
• 1M: 0.12%
• YTD: 0.21%
• 6M: 0.30%
• 1Y: 1.87%
• 3Y*: 3.99%
• 5Y*: —
• 10Y*: —

JREB.DE

• 1D: 0.06%
• 1M: 0.26%
• YTD: 0.57%
• 6M: 0.53%
• 1Y: 2.34%
• 3Y*: 4.65%
• 5Y*: 0.14%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ECMS.DE vs. JREB.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%
JREB.DE JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF	0.57%	3.18%	4.24%	7.63%	-1.01%

Correlation

The correlation between ECMS.DE and JREB.DE is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022	0.89

The correlation between ECMS.DE and JREB.DE has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.

Return for Risk

ECMS.DE vs. JREB.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ECMS.DE

ECMS.DE Risk / Return Rank: 23
ECMS.DE Sharpe Ratio Rank: 23
ECMS.DE Sortino Ratio Rank: 22
ECMS.DE Omega Ratio Rank: 24
ECMS.DE Calmar Ratio Rank: 20
ECMS.DE Martin Ratio Rank: 24

JREB.DE

JREB.DE Risk / Return Rank: 20
JREB.DE Sharpe Ratio Rank: 20
JREB.DE Sortino Ratio Rank: 19
JREB.DE Omega Ratio Rank: 20
JREB.DE Calmar Ratio Rank: 18
JREB.DE Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ECMS.DE vs. JREB.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 JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JREB.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	JREB.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.79	0.63	+0.15
Sortino ratio: Return per unit of downside risk	1.16	0.96	+0.20
Omega ratio: Gain probability vs. loss probability	1.16	1.13	+0.03
Calmar ratio: Return relative to maximum drawdown	0.87	0.71	+0.16
Martin ratio: Return relative to average drawdown	2.98	2.52	+0.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ECMS.DE vs. JREB.DE - Sharpe Ratio Comparison

The current ECMS.DE Sharpe Ratio is 0.79, which is comparable to the JREB.DE Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of ECMS.DE and JREB.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ECMS.DE	JREB.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	0.63	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	0.23	+0.84

Drawdowns

ECMS.DE vs. JREB.DE - Drawdown Comparison

The maximum ECMS.DE drawdown since its inception was -5.27%, smaller than the maximum JREB.DE drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for ECMS.DE and JREB.DE.

Drawdown Indicators

	ECMS.DE	JREB.DE	Difference
Max Drawdown Largest peak-to-trough decline	-5.27%	-17.22%	+11.95%
Max Drawdown (1Y) Largest decline over 1 year	-1.90%	-2.83%	+0.93%
Max Drawdown (3Y) Largest decline over 3 years	-1.90%	-2.83%	+0.93%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.22%	—
Current Drawdown Current decline from peak	-0.61%	-0.76%	+0.15%
Average Drawdown Average peak-to-trough decline	-1.16%	-5.02%	+3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.55%	0.80%	-0.25%

Volatility

ECMS.DE vs. JREB.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 JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JREB.DE) has a volatility of 1.16%. This indicates that ECMS.DE experiences smaller price fluctuations and is considered to be less risky than JREB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ECMS.DE	JREB.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.91%	1.16%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	1.88%	2.85%	-0.97%
Volatility (1Y) Calculated over the trailing 1-year period	2.08%	3.17%	-1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.87%	4.39%	-1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.87%	4.96%	-2.09%

ECMS.DE vs. JREB.DE - Expense Ratio Comparison

ECMS.DE has a 0.15% expense ratio, which is higher than JREB.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

ECMS.DE vs. JREB.DE - Dividend Comparison

Neither ECMS.DE nor JREB.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ECMS.DE and JREB.DE in my portfolio?

ECMS.DE and JREB.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ECMS.DE or JREB.DE?

On fees, JREB.DE is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ECMS.DE or JREB.DE?

JREB.DE is cheaper with a 0.04% expense ratio, compared with 0.15% for ECMS.DE.

What is the main difference between ECMS.DE and JREB.DE?

ECMS.DE tracks Invesco EUR Corporate Bond ESG Short Duration Multi-Factor, while JREB.DE tracks JP Morgan EUR Corporate Bond Research Enhanced Index (ESG). They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.15% for ECMS.DE and 0.04% for JREB.DE.