ECRP.L vs. IEAA.L
ECRP.L (Amundi Index Euro Corporate SRI UCITS ETF DR (C)) and IEAA.L (iShares Core Euro Corporate Bond UCITS ETF (Acc)) are both European Corporate Bonds funds tracking the Bloomberg Euro Corp TR EUR, from Amundi and iShares respectively. Both are passively managed. Over the past 5 years, ECRP.L returned 0.12%/yr vs 0.23%/yr for IEAA.L. A 0.77 correlation means they provide meaningful diversification when combined. ECRP.L charges 0.14%/yr vs 0.20%/yr for IEAA.L.
Performance
ECRP.L vs. IEAA.L - Performance Comparison
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Different Trading Currencies
ECRP.L is traded in GBp, while IEAA.L is traded in EUR. To make them comparable, the IEAA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ECRP.L achieves a -0.42% return, which is significantly lower than IEAA.L's -0.18% return.
ECRP.L
- 1D
- 0.28%
- 1M
- 1.04%
- YTD
- -0.42%
- 6M
- -0.50%
- 1Y
- 4.66%
- 3Y*
- 4.58%
- 5Y*
- 0.12%
- 10Y*
- —
IEAA.L
- 1D
- 0.25%
- 1M
- 1.01%
- YTD
- -0.18%
- 6M
- -0.54%
- 1Y
- 4.72%
- 3Y*
- 4.74%
- 5Y*
- 0.23%
- 10Y*
- —
ECRP.L vs. IEAA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ECRP.L Amundi Index Euro Corporate SRI UCITS ETF DR (C) | -0.42% | 8.36% | -0.55% | 5.00% | -8.32% | -8.20% | 10.39% |
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | -0.18% | 8.62% | -0.44% | 5.36% | -8.93% | -6.97% | 9.36% |
Correlation
The correlation between ECRP.L and IEAA.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2020 | 0.77 |
The correlation between ECRP.L and IEAA.L has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
ECRP.L vs. IEAA.L — Risk / Return Rank
ECRP.L
IEAA.L
ECRP.L vs. IEAA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index Euro Corporate SRI UCITS ETF DR (C) (ECRP.L) and iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L). 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.
| ECRP.L | IEAA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.17 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.25 | -0.06 |
| Martin ratioReturn relative to average drawdown | 3.05 | 3.22 | -0.17 |
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
| ECRP.L | IEAA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.96 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.04 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.09 | +0.03 |
Drawdowns
ECRP.L vs. IEAA.L - Drawdown Comparison
The maximum ECRP.L drawdown since its inception was -21.22%, roughly equal to the maximum IEAA.L drawdown of -21.43%. Use the drawdown chart below to compare losses from any high point for ECRP.L and IEAA.L.
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Drawdown Indicators
| ECRP.L | IEAA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.22% | -21.43% | +0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.87% | -3.75% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -3.87% | -3.75% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -16.71% | -16.80% | +0.09% |
Current DrawdownCurrent decline from peak | -6.37% | -5.98% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -8.94% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.46% | +0.06% |
Volatility
ECRP.L vs. IEAA.L - Volatility Comparison
The current volatility for Amundi Index Euro Corporate SRI UCITS ETF DR (C) (ECRP.L) is 1.50%, while iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) has a volatility of 1.67%. This indicates that ECRP.L experiences smaller price fluctuations and is considered to be less risky than IEAA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECRP.L | IEAA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.67% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 3.74% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.77% | 4.90% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 6.31% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.88% | 6.91% | -0.03% |
ECRP.L vs. IEAA.L - Expense Ratio Comparison
ECRP.L has a 0.14% expense ratio, which is lower than IEAA.L's 0.20% 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
ECRP.L vs. IEAA.L - Dividend Comparison
Neither ECRP.L nor IEAA.L has paid dividends to shareholders.
Frequently Asked Questions
ECRP.L and IEAA.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ECRP.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECRP.L is cheaper with a 0.14% expense ratio, compared with 0.20% for IEAA.L.
Both ETFs track Bloomberg Euro Corp TR EUR. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.14% for ECRP.L and 0.20% for IEAA.L.
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