ECRP.L vs. IGBE.L
ECRP.L (Amundi Index Euro Corporate SRI UCITS ETF DR (C)) and IGBE.L (Invesco GBP Corporate Bond ESG UCITS ETF Dist) are both European Corporate Bonds funds - ECRP.L tracks the Bloomberg Euro Corp TR EUR while IGBE.L tracks the Markit iBoxx GBP NonGilts TR. Both are passively managed. Over the past 5 years, ECRP.L returned 0.12%/yr vs -0.35%/yr for IGBE.L. At a 0.40 correlation, their price movements are largely independent. ECRP.L charges 0.14%/yr vs 0.10%/yr for IGBE.L.
Performance
ECRP.L vs. IGBE.L - Performance Comparison
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Returns By Period
In the year-to-date period, ECRP.L achieves a -0.42% return, which is significantly lower than IGBE.L's -0.20% 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*
- —
IGBE.L
- 1D
- 0.05%
- 1M
- 1.80%
- YTD
- -0.20%
- 6M
- 0.18%
- 1Y
- 4.79%
- 3Y*
- 6.33%
- 5Y*
- -0.35%
- 10Y*
- —
ECRP.L vs. IGBE.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% | 9.09% |
IGBE.L Invesco GBP Corporate Bond ESG UCITS ETF Dist | -0.20% | 7.23% | 2.45% | 9.16% | -18.23% | -3.62% | 6.31% |
Correlation
The correlation between ECRP.L and IGBE.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020 | 0.40 |
The correlation between ECRP.L and IGBE.L shifts across timeframes, from 0.33 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ECRP.L vs. IGBE.L — Risk / Return Rank
ECRP.L
IGBE.L
ECRP.L vs. IGBE.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 Invesco GBP Corporate Bond ESG UCITS ETF Dist (IGBE.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 | IGBE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.17 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.24 | -0.04 |
| Martin ratioReturn relative to average drawdown | 3.05 | 3.81 | -0.76 |
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
| ECRP.L | IGBE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.95 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | -0.05 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.01 | +0.11 |
Drawdowns
ECRP.L vs. IGBE.L - Drawdown Comparison
The maximum ECRP.L drawdown since its inception was -21.22%, smaller than the maximum IGBE.L drawdown of -30.19%. Use the drawdown chart below to compare losses from any high point for ECRP.L and IGBE.L.
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Drawdown Indicators
| ECRP.L | IGBE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.22% | -30.19% | +8.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.87% | -3.86% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -3.87% | -3.86% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -16.71% | -29.11% | +12.40% |
Current DrawdownCurrent decline from peak | -6.37% | -6.10% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -10.79% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.25% | +0.27% |
Volatility
ECRP.L vs. IGBE.L - Volatility Comparison
The current volatility for Amundi Index Euro Corporate SRI UCITS ETF DR (C) (ECRP.L) is 1.50%, while Invesco GBP Corporate Bond ESG UCITS ETF Dist (IGBE.L) has a volatility of 1.97%. This indicates that ECRP.L experiences smaller price fluctuations and is considered to be less risky than IGBE.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 | IGBE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.97% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 4.20% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.77% | 5.03% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 7.44% | -1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.88% | 7.62% | -0.74% |
ECRP.L vs. IGBE.L - Expense Ratio Comparison
ECRP.L has a 0.14% expense ratio, which is higher than IGBE.L's 0.10% expense ratio. However, 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. IGBE.L - Dividend Comparison
ECRP.L has not paid dividends to shareholders, while IGBE.L's dividend yield for the trailing twelve months is around 4.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ECRP.L Amundi Index Euro Corporate SRI UCITS ETF DR (C) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGBE.L Invesco GBP Corporate Bond ESG UCITS ETF Dist | 4.93% | 4.81% | 4.59% | 3.85% | 2.47% | 1.76% | 1.31% |
Frequently Asked Questions
ECRP.L and IGBE.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGBE.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGBE.L is cheaper with a 0.10% expense ratio, compared with 0.14% for ECRP.L.
ECRP.L tracks Bloomberg Euro Corp TR EUR, while IGBE.L tracks Markit iBoxx GBP NonGilts TR. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.14% for ECRP.L and 0.10% for IGBE.L.
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