EFRN.DE vs. COVR.DE
EFRN.DE (iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist)) and COVR.DE (PIMCO Covered Bond UCITS ETF Dist) are both European Corporate Bonds funds - EFRN.DE tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR while COVR.DE tracks the PIMCO Covered Bond. Both are passively managed. Over the past 5 years, EFRN.DE returned 2.35%/yr vs -0.49%/yr for COVR.DE. At a 0.07 correlation, their price movements are largely independent. EFRN.DE charges 0.10%/yr vs 0.43%/yr for COVR.DE.
Performance
EFRN.DE vs. COVR.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EFRN.DE achieves a 0.87% return, which is significantly higher than COVR.DE's -0.22% return.
EFRN.DE
- 1D
- 0.05%
- 1M
- 0.17%
- YTD
- 0.87%
- 6M
- 1.29%
- 1Y
- 2.55%
- 3Y*
- 3.61%
- 5Y*
- 2.35%
- 10Y*
- —
COVR.DE
- 1D
- -0.00%
- 1M
- 0.10%
- YTD
- -0.22%
- 6M
- -0.38%
- 1Y
- 0.96%
- 3Y*
- 3.61%
- 5Y*
- -0.49%
- 10Y*
- 0.53%
EFRN.DE vs. COVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 0.87% | 2.94% | 4.31% | 3.97% | -0.03% | -0.22% | -0.04% | 1.18% | -0.78% |
COVR.DE PIMCO Covered Bond UCITS ETF Dist | -0.22% | 2.66% | 3.80% | 6.11% | -12.85% | -2.27% | 3.03% | 3.98% | -0.36% |
Correlation
The correlation between EFRN.DE and COVR.DE is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2018 | 0.07 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EFRN.DE vs. COVR.DE — Risk / Return Rank
EFRN.DE
COVR.DE
EFRN.DE vs. COVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) and PIMCO Covered Bond UCITS ETF Dist (COVR.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.
| EFRN.DE | COVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.32 | ||
| Sortino ratioReturn per unit of downside risk | +3.58 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.05 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 8.25 | 0.23 | +8.02 |
| Martin ratioReturn relative to average drawdown | 32.61 | 0.65 | +31.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EFRN.DE | COVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 0.26 | +2.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.35 | -0.13 | +2.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.21 | +0.91 |
Drawdowns
EFRN.DE vs. COVR.DE - Drawdown Comparison
The maximum EFRN.DE drawdown since its inception was -5.68%, smaller than the maximum COVR.DE drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for EFRN.DE and COVR.DE.
Loading charts...
Drawdown Indicators
| EFRN.DE | COVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.68% | -16.36% | +10.68% |
Max Drawdown (1Y)Largest decline over 1 year | -0.31% | -2.85% | +2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -0.48% | -2.85% | +2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -1.13% | -15.69% | +14.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.36% | — |
Current DrawdownCurrent decline from peak | -0.01% | -4.21% | +4.20% |
Average DrawdownAverage peak-to-trough decline | -0.33% | -4.10% | +3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 1.00% | -0.92% |
Volatility
EFRN.DE vs. COVR.DE - Volatility Comparison
The current volatility for iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) is 0.34%, while PIMCO Covered Bond UCITS ETF Dist (COVR.DE) has a volatility of 0.92%. This indicates that EFRN.DE experiences smaller price fluctuations and is considered to be less risky than COVR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EFRN.DE | COVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 0.92% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 2.11% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.98% | 2.48% | -1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.99% | 3.77% | -2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.35% | 2.98% | -1.63% |
EFRN.DE vs. COVR.DE - Expense Ratio Comparison
EFRN.DE has a 0.10% expense ratio, which is lower than COVR.DE's 0.43% expense ratio.
Dividends
EFRN.DE vs. COVR.DE - Dividend Comparison
EFRN.DE's dividend yield for the trailing twelve months is around 2.50%, which matches COVR.DE's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COVR.DE PIMCO Covered Bond UCITS ETF Dist | 2.49% | 2.43% | 1.66% | 0.56% | 0.00% | 0.00% | 0.42% | 1.20% | 0.78% | 0.57% | 0.74% | 0.86% |
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 2.50% | 2.88% | 4.22% | 2.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EFRN.DE and COVR.DE have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EFRN.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EFRN.DE is cheaper with a 0.10% expense ratio, compared with 0.43% for COVR.DE.
EFRN.DE tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while COVR.DE tracks PIMCO Covered Bond. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.10% for EFRN.DE and 0.43% for COVR.DE.
Find the right allocation for EFRN.DE and COVR.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer