ERNX.DE vs. ECR1.DE
ERNX.DE (iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating) and ECR1.DE (Amundi Euro Corporate 0-1Y ESG UCITS ETF) are both exchange-traded funds - ERNX.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, while ECR1.DE is a European Corporate Bonds fund tracking the iBoxx® MSCI ESG EUR Corporates 0-1. Both are passively managed. Over the past 3 years, ERNX.DE returned 3.24%/yr vs 3.10%/yr for ECR1.DE. At a 0.04 correlation, their price movements are largely independent. ERNX.DE charges 0.09%/yr vs 0.08%/yr for ECR1.DE.
Performance
ERNX.DE vs. ECR1.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ERNX.DE having a 1.08% return and ECR1.DE slightly higher at 1.11%.
ERNX.DE
- 1D
- 0.00%
- 1M
- 0.18%
- 6M
- 1.08%
- YTD
- 1.08%
- 1Y
- 2.01%
- 3Y*
- 3.24%
- 5Y*
- —
- 10Y*
- —
ECR1.DE
- 1D
- 0.00%
- 1M
- 0.19%
- 6M
- 1.04%
- YTD
- 1.11%
- 1Y
- 2.03%
- 3Y*
- 3.10%
- 5Y*
- 1.99%
- 10Y*
- —
ERNX.DE vs. ECR1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 1.08% | 2.79% | 4.06% | 3.19% | 0.20% |
ECR1.DE Amundi Euro Corporate 0-1Y ESG UCITS ETF | 1.11% | 2.49% | 3.92% | 3.16% | -0.14% |
Correlation
The correlation between ERNX.DE and ECR1.DE is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022 | 0.04 |
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Return for Risk
ERNX.DE vs. ECR1.DE — Risk / Return Rank
ERNX.DE
ECR1.DE
ERNX.DE vs. ECR1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) and Amundi Euro Corporate 0-1Y ESG UCITS ETF (ECR1.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.
| ERNX.DE | ECR1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -3.97 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.82 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 5.56 | 18.60 | -13.04 |
| Martin ratioReturn relative to average drawdown | 26.01 | 74.21 | -48.20 |
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Drawdowns
ERNX.DE vs. ECR1.DE - Drawdown Comparison
The maximum ERNX.DE drawdown since its inception was -0.80%, smaller than the maximum ECR1.DE drawdown of -1.49%. Use the drawdown chart below to compare losses from any high point for ERNX.DE and ECR1.DE.
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Drawdown Indicators
| ERNX.DE | ECR1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.80% | -1.49% | +0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.36% | -0.11% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -0.36% | -0.18% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.28% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.01% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.07% | -0.27% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 0.03% | +0.05% |
Volatility
ERNX.DE vs. ECR1.DE - Volatility Comparison
The current volatility for iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) is 0.18%, while Amundi Euro Corporate 0-1Y ESG UCITS ETF (ECR1.DE) has a volatility of 0.22%. This indicates that ERNX.DE experiences smaller price fluctuations and is considered to be less risky than ECR1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERNX.DE | ECR1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 0.22% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.02% | 0.41% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.32% | 0.54% | +0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.24% | 0.63% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.24% | 0.63% | +0.61% |
ERNX.DE vs. ECR1.DE - Expense Ratio Comparison
ERNX.DE has a 0.09% expense ratio, which is higher than ECR1.DE's 0.08% 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
ERNX.DE vs. ECR1.DE - Dividend Comparison
Neither ERNX.DE nor ECR1.DE has paid dividends to shareholders.
Frequently Asked Questions
ERNX.DE and ECR1.DE have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ECR1.DE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECR1.DE is cheaper with a 0.08% expense ratio, compared with 0.09% for ERNX.DE.
ERNX.DE is categorized as Ultrashort Bond, while ECR1.DE is European Corporate Bonds. ERNX.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, while ECR1.DE tracks iBoxx® MSCI ESG EUR Corporates 0-1. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.09% for ERNX.DE and 0.08% for ECR1.DE.
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