ECR1.DE vs. COVR.DE
ECR1.DE (Amundi Euro Corporate 0-1Y ESG UCITS ETF) and COVR.DE (PIMCO Covered Bond UCITS ETF Dist) are both European Corporate Bonds funds - ECR1.DE tracks the iBoxx® MSCI ESG EUR Corporates 0-1 while COVR.DE tracks the PIMCO Covered Bond. Both are passively managed. Over the past 5 years, ECR1.DE returned 1.93%/yr vs -0.49%/yr for COVR.DE. At a 0.17 correlation, their price movements are largely independent. ECR1.DE charges 0.08%/yr vs 0.43%/yr for COVR.DE.
Performance
ECR1.DE vs. COVR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ECR1.DE achieves a 0.81% return, which is significantly higher than COVR.DE's -0.22% return.
ECR1.DE
- 1D
- -0.04%
- 1M
- 0.15%
- YTD
- 0.81%
- 6M
- 0.98%
- 1Y
- 2.05%
- 3Y*
- 3.16%
- 5Y*
- 1.93%
- 10Y*
- —
COVR.DE
- 1D
- -0.00%
- 1M
- 0.10%
- YTD
- -0.22%
- 6M
- -0.38%
- 1Y
- 0.96%
- 3Y*
- 3.61%
- 5Y*
- -0.49%
- 10Y*
- 0.53%
ECR1.DE vs. COVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ECR1.DE Amundi Euro Corporate 0-1Y ESG UCITS ETF | 0.81% | 2.49% | 3.92% | 3.16% | -0.51% | -0.31% |
COVR.DE PIMCO Covered Bond UCITS ETF Dist | -0.22% | 2.66% | 3.80% | 6.11% | -12.85% | -1.12% |
Correlation
The correlation between ECR1.DE and COVR.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2021 | 0.17 |
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Return for Risk
ECR1.DE vs. COVR.DE — Risk / Return Rank
ECR1.DE
COVR.DE
ECR1.DE vs. COVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Corporate 0-1Y ESG UCITS ETF (ECR1.DE) and PIMCO Covered Bond UCITS ETF Dist (COVR.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.
| ECR1.DE | COVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.49 | ||
| Sortino ratioReturn per unit of downside risk | +6.33 | ||
| Omega ratioGain probability vs. loss probability | 1.80 | 1.05 | +0.75 |
| Calmar ratioReturn relative to maximum drawdown | 22.26 | 0.23 | +22.03 |
| Martin ratioReturn relative to average drawdown | 77.85 | 0.65 | +77.21 |
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
| ECR1.DE | COVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.75 | 0.26 | +3.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.02 | -0.13 | +3.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.86 | 0.21 | +2.65 |
Drawdowns
ECR1.DE vs. COVR.DE - Drawdown Comparison
The maximum ECR1.DE drawdown since its inception was -1.49%, smaller than the maximum COVR.DE drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for ECR1.DE and COVR.DE.
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Drawdown Indicators
| ECR1.DE | COVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.49% | -16.36% | +14.87% |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | -2.85% | +2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -0.18% | -2.85% | +2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -1.32% | -15.69% | +14.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.36% | — |
Current DrawdownCurrent decline from peak | -0.05% | -4.21% | +4.16% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -4.10% | +3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 1.00% | -0.97% |
Volatility
ECR1.DE vs. COVR.DE - Volatility Comparison
The current volatility for Amundi Euro Corporate 0-1Y ESG UCITS ETF (ECR1.DE) is 0.11%, while PIMCO Covered Bond UCITS ETF Dist (COVR.DE) has a volatility of 0.92%. This indicates that ECR1.DE experiences smaller price fluctuations and is considered to be less risky than COVR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECR1.DE | COVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | 0.92% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 0.37% | 2.11% | -1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.54% | 2.48% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.63% | 3.77% | -3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.63% | 2.98% | -2.35% |
ECR1.DE vs. COVR.DE - Expense Ratio Comparison
ECR1.DE has a 0.08% expense ratio, which is lower than COVR.DE's 0.43% expense ratio.
Dividends
ECR1.DE vs. COVR.DE - Dividend Comparison
ECR1.DE has not paid dividends to shareholders, while COVR.DE's dividend yield for the trailing twelve months is around 2.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COVR.DE PIMCO Covered Bond UCITS ETF Dist | 2.49% | 2.43% | 1.66% | 0.56% | 0.00% | 0.00% | 0.42% | 1.20% | 0.78% | 0.57% | 0.74% | 0.86% |
ECR1.DE Amundi Euro Corporate 0-1Y ESG UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ECR1.DE and COVR.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ECR1.DE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECR1.DE is cheaper with a 0.08% expense ratio, compared with 0.43% for COVR.DE.
ECR1.DE tracks iBoxx® MSCI ESG EUR Corporates 0-1, while COVR.DE tracks PIMCO Covered Bond. They also come from different issuers: Amundi and PIMCO. Their fees differ too: 0.08% for ECR1.DE and 0.43% for COVR.DE.
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