ECR1.DE vs. ERNX.DE
ECR1.DE (Amundi Euro Corporate 0-1Y ESG UCITS ETF) and ERNX.DE (iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating) are both exchange-traded funds - ECR1.DE is a European Corporate Bonds fund tracking the iBoxx® MSCI ESG EUR Corporates 0-1, while ERNX.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. Both are passively managed. Over the past 3 years, ECR1.DE returned 3.09%/yr vs 3.24%/yr for ERNX.DE. At a 0.04 correlation, their price movements are largely independent. ECR1.DE charges 0.08%/yr vs 0.09%/yr for ERNX.DE.
Performance
ECR1.DE vs. ERNX.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ECR1.DE having a 1.06% return and ERNX.DE slightly higher at 1.08%.
ECR1.DE
- 1D
- 0.00%
- 1M
- 0.14%
- 6M
- 0.96%
- YTD
- 1.06%
- 1Y
- 1.99%
- 3Y*
- 3.09%
- 5Y*
- 1.98%
- 10Y*
- —
ERNX.DE
- 1D
- 0.00%
- 1M
- 0.36%
- 6M
- 1.08%
- YTD
- 1.08%
- 1Y
- 2.19%
- 3Y*
- 3.24%
- 5Y*
- —
- 10Y*
- —
ECR1.DE vs. ERNX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ECR1.DE Amundi Euro Corporate 0-1Y ESG UCITS ETF | 1.06% | 2.49% | 3.92% | 3.16% | -0.14% |
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 1.08% | 2.79% | 4.06% | 3.19% | 0.20% |
Correlation
The correlation between ECR1.DE and ERNX.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 | -0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022 | 0.04 |
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Return for Risk
ECR1.DE vs. ERNX.DE — Risk / Return Rank
ECR1.DE
ERNX.DE
ECR1.DE vs. ERNX.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 iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ECR1.DE | ERNX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +3.61 | ||
| Omega ratioGain probability vs. loss probability | 1.79 | 1.64 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 18.23 | 6.07 | +12.15 |
| Martin ratioReturn relative to average drawdown | 72.04 | 28.42 | +43.62 |
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Drawdowns
ECR1.DE vs. ERNX.DE - Drawdown Comparison
The maximum ECR1.DE drawdown since its inception was -1.49%, which is greater than ERNX.DE's maximum drawdown of -0.80%. Use the drawdown chart below to compare losses from any high point for ECR1.DE and ERNX.DE.
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Drawdown Indicators
| ECR1.DE | ERNX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.49% | -0.80% | -0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.11% | -0.36% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -0.18% | -0.36% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -1.28% | — | — |
Current DrawdownCurrent decline from peak | -0.06% | 0.00% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -0.07% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.08% | -0.05% |
Volatility
ECR1.DE vs. ERNX.DE - Volatility Comparison
Amundi Euro Corporate 0-1Y ESG UCITS ETF (ECR1.DE) has a higher volatility of 0.21% compared to iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) at 0.18%. This indicates that ECR1.DE's price experiences larger fluctuations and is considered to be riskier than ERNX.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 | ERNX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 0.18% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 1.02% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.54% | 1.33% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.63% | 1.24% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.63% | 1.24% | -0.61% |
ECR1.DE vs. ERNX.DE - Expense Ratio Comparison
ECR1.DE has a 0.08% expense ratio, which is lower than ERNX.DE's 0.09% 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
ECR1.DE vs. ERNX.DE - Dividend Comparison
Neither ECR1.DE nor ERNX.DE has paid dividends to shareholders.
Frequently Asked Questions
ECR1.DE and ERNX.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, 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 0.09% for ERNX.DE.
ECR1.DE is categorized as European Corporate Bonds, while ERNX.DE is Ultrashort Bond. ECR1.DE tracks iBoxx® MSCI ESG EUR Corporates 0-1, while ERNX.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.08% for ECR1.DE and 0.09% for ERNX.DE.
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