ECR3.DE vs. ELFF.DE
ECR3.DE (Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF) and ELFF.DE (Deka Euro Corporates 0-3 Liquid UCITS ETF ) are both European Corporate Bonds funds - ECR3.DE tracks the Bloomberg MSCI Euro Corporate ESG BB+ Sustainability SRI 0-3 Year while ELFF.DE tracks the Solactive Euro Corporates 0-3 Year Liquid EUR. Both are passively managed. Over the past 5 years, ECR3.DE returned 1.63%/yr vs 1.39%/yr for ELFF.DE. At a 0.42 correlation, their price movements are largely independent. ECR3.DE charges 0.12%/yr vs 0.15%/yr for ELFF.DE.
Performance
ECR3.DE vs. ELFF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ECR3.DE achieves a 0.91% return, which is significantly higher than ELFF.DE's 0.72% return.
ECR3.DE
- 1D
- 0.06%
- 1M
- 0.39%
- YTD
- 0.91%
- 6M
- 1.04%
- 1Y
- 1.99%
- 3Y*
- 3.81%
- 5Y*
- 1.63%
- 10Y*
- —
ELFF.DE
- 1D
- 0.09%
- 1M
- 0.36%
- YTD
- 0.72%
- 6M
- 0.84%
- 1Y
- 1.75%
- 3Y*
- 3.42%
- 5Y*
- 1.39%
- 10Y*
- —
ECR3.DE vs. ELFF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ECR3.DE Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF | 0.91% | 2.98% | 4.20% | 4.16% | -3.71% | -0.12% | 0.42% | -0.02% |
ELFF.DE Deka Euro Corporates 0-3 Liquid UCITS ETF | 0.72% | 2.75% | 3.74% | 3.68% | -3.53% | -0.57% | 0.22% | -0.30% |
Correlation
The correlation between ECR3.DE and ELFF.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2019 | 0.42 |
The correlation between ECR3.DE and ELFF.DE shifts across timeframes, from 0.42 (all time) to 0.58 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ECR3.DE vs. ELFF.DE — Risk / Return Rank
ECR3.DE
ELFF.DE
ECR3.DE vs. ELFF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF (ECR3.DE) and Deka Euro Corporates 0-3 Liquid UCITS ETF (ELFF.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.
| ECR3.DE | ELFF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.20 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.06 | +1.17 |
| Martin ratioReturn relative to average drawdown | 8.85 | 2.95 | +5.89 |
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Drawdowns
ECR3.DE vs. ELFF.DE - Drawdown Comparison
The maximum ECR3.DE drawdown since its inception was -5.30%, which is greater than ELFF.DE's maximum drawdown of -4.95%. Use the drawdown chart below to compare losses from any high point for ECR3.DE and ELFF.DE.
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Drawdown Indicators
| ECR3.DE | ELFF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.30% | -4.95% | -0.35% |
Max Drawdown (1Y)Largest decline over 1 year | -0.89% | -1.64% | +0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -0.89% | -1.64% | +0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -5.05% | -4.60% | -0.45% |
Current DrawdownCurrent decline from peak | 0.00% | -0.40% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -1.23% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 0.59% | -0.37% |
Volatility
ECR3.DE vs. ELFF.DE - Volatility Comparison
The current volatility for Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF (ECR3.DE) is 0.27%, while Deka Euro Corporates 0-3 Liquid UCITS ETF (ELFF.DE) has a volatility of 0.46%. This indicates that ECR3.DE experiences smaller price fluctuations and is considered to be less risky than ELFF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECR3.DE | ELFF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.27% | 0.46% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.04% | 1.50% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.18% | 1.71% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.41% | 1.71% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.87% | 1.61% | +0.26% |
ECR3.DE vs. ELFF.DE - Expense Ratio Comparison
ECR3.DE has a 0.12% expense ratio, which is lower than ELFF.DE's 0.15% 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
ECR3.DE vs. ELFF.DE - Dividend Comparison
ECR3.DE has not paid dividends to shareholders, while ELFF.DE's dividend yield for the trailing twelve months is around 1.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ECR3.DE Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ELFF.DE Deka Euro Corporates 0-3 Liquid UCITS ETF | 1.49% | 2.67% | 1.53% | 1.48% | 1.41% | 1.99% | 1.55% | 0.20% |
Frequently Asked Questions
ECR3.DE and ELFF.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ECR3.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECR3.DE is cheaper with a 0.12% expense ratio, compared with 0.15% for ELFF.DE.
ECR3.DE tracks Bloomberg MSCI Euro Corporate ESG BB+ Sustainability SRI 0-3 Year, while ELFF.DE tracks Solactive Euro Corporates 0-3 Year Liquid EUR. They also come from different issuers: Amundi and Deka. Their fees differ too: 0.12% for ECR3.DE and 0.15% for ELFF.DE.
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