ECR3.DE vs. TCBT.DE
ECR3.DE (Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF) and TCBT.DE (VanEck iBoxx EUR Corporates UCITS ETF) are both European Corporate Bonds funds - ECR3.DE tracks the Bloomberg MSCI Euro Corporate ESG BB+ Sustainability SRI 0-3 Year while TCBT.DE tracks the iBoxx® SD-KPI EUR Liquid Corporates. Both are passively managed. Over the past 5 years, ECR3.DE returned 1.57%/yr vs -0.18%/yr for TCBT.DE. A 0.64 correlation means they provide meaningful diversification when combined. ECR3.DE charges 0.12%/yr vs 0.15%/yr for TCBT.DE.
Performance
ECR3.DE vs. TCBT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ECR3.DE achieves a 0.60% return, which is significantly higher than TCBT.DE's 0.36% return.
ECR3.DE
- 1D
- 0.04%
- 1M
- 0.24%
- YTD
- 0.60%
- 6M
- 0.69%
- 1Y
- 1.99%
- 3Y*
- 3.72%
- 5Y*
- 1.57%
- 10Y*
- —
TCBT.DE
- 1D
- -0.09%
- 1M
- -0.28%
- YTD
- 0.36%
- 6M
- 0.13%
- 1Y
- 1.72%
- 3Y*
- 3.98%
- 5Y*
- -0.18%
- 10Y*
- —
ECR3.DE vs. TCBT.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 | 0.60% | 2.97% | 4.19% | 4.18% | -3.69% | -0.14% | 0.37% | 0.00% |
TCBT.DE VanEck iBoxx EUR Corporates UCITS ETF | 0.36% | 2.42% | 3.35% | 8.23% | -13.49% | -1.27% | 2.29% | -0.22% |
Correlation
The correlation between ECR3.DE and TCBT.DE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2019 | 0.64 |
The correlation between ECR3.DE and TCBT.DE has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.
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Return for Risk
ECR3.DE vs. TCBT.DE — Risk / Return Rank
ECR3.DE
TCBT.DE
ECR3.DE vs. TCBT.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 VanEck iBoxx EUR Corporates UCITS ETF (TCBT.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.
| ECR3.DE | TCBT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.06 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 0.40 | +1.76 |
| Martin ratioReturn relative to average drawdown | 8.95 | 1.19 | +7.76 |
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
| ECR3.DE | TCBT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 0.30 | +1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | -0.04 | +1.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.18 | +0.62 |
Drawdowns
ECR3.DE vs. TCBT.DE - Drawdown Comparison
The maximum ECR3.DE drawdown since its inception was -5.04%, smaller than the maximum TCBT.DE drawdown of -16.90%. Use the drawdown chart below to compare losses from any high point for ECR3.DE and TCBT.DE.
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Drawdown Indicators
| ECR3.DE | TCBT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.04% | -16.90% | +11.86% |
Max Drawdown (1Y)Largest decline over 1 year | -0.88% | -3.39% | +2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -0.88% | -3.39% | +2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -5.04% | -16.88% | +11.84% |
Current DrawdownCurrent decline from peak | -0.10% | -2.09% | +1.99% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -5.10% | +4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 1.13% | -0.92% |
Volatility
ECR3.DE vs. TCBT.DE - Volatility Comparison
The current volatility for Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF (ECR3.DE) is 0.38%, while VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE) has a volatility of 1.20%. This indicates that ECR3.DE experiences smaller price fluctuations and is considered to be less risky than TCBT.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 | TCBT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 1.20% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 0.96% | 4.05% | -3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.06% | 4.46% | -3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.39% | 5.18% | -3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.74% | 5.36% | -3.62% |
ECR3.DE vs. TCBT.DE - Expense Ratio Comparison
ECR3.DE has a 0.12% expense ratio, which is lower than TCBT.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. TCBT.DE - Dividend Comparison
ECR3.DE has not paid dividends to shareholders, while TCBT.DE's dividend yield for the trailing twelve months is around 2.67%.
| 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% |
TCBT.DE VanEck iBoxx EUR Corporates UCITS ETF | 2.67% | 2.45% | 2.39% | 1.12% | 1.39% | 0.75% | 1.00% | 1.07% |
Frequently Asked Questions
ECR3.DE and TCBT.DE have a correlation of 0.66, 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 TCBT.DE.
ECR3.DE tracks Bloomberg MSCI Euro Corporate ESG BB+ Sustainability SRI 0-3 Year, while TCBT.DE tracks iBoxx® SD-KPI EUR Liquid Corporates. They also come from different issuers: Amundi and VanEck. Their fees differ too: 0.12% for ECR3.DE and 0.15% for TCBT.DE.
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