EUNR.DE vs. ECR3.DE
EUNR.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist)) and ECR3.DE (Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF) are both European Corporate Bonds funds - EUNR.DE tracks the Bloomberg Euro Corporate ex-Financials Bond while ECR3.DE tracks the Bloomberg MSCI Euro Corporate ESG BB+ Sustainability SRI 0-3 Year. Both are passively managed. Over the past 5 years, EUNR.DE returned -0.11%/yr vs 1.63%/yr for ECR3.DE. A 0.63 correlation means they provide meaningful diversification when combined. EUNR.DE charges 0.20%/yr vs 0.12%/yr for ECR3.DE.
Performance
EUNR.DE vs. ECR3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNR.DE achieves a 1.25% return, which is significantly higher than ECR3.DE's 0.91% return.
EUNR.DE
- 1D
- 0.05%
- 1M
- 0.75%
- YTD
- 1.25%
- 6M
- 1.43%
- 1Y
- 2.33%
- 3Y*
- 4.19%
- 5Y*
- -0.11%
- 10Y*
- 0.82%
ECR3.DE
- 1D
- 0.06%
- 1M
- 0.39%
- YTD
- 0.91%
- 6M
- 1.04%
- 1Y
- 1.99%
- 3Y*
- 3.81%
- 5Y*
- 1.63%
- 10Y*
- —
EUNR.DE vs. ECR3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EUNR.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) | 1.25% | 2.63% | 3.48% | 7.31% | -13.61% | -1.23% | 2.84% | -1.03% |
ECR3.DE Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF | 0.91% | 2.98% | 4.20% | 4.16% | -3.71% | -0.12% | 0.42% | -0.02% |
Correlation
The correlation between EUNR.DE and ECR3.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2019 | 0.63 |
The correlation between EUNR.DE and ECR3.DE shifts across timeframes, from 0.63 (all time) to 0.74 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUNR.DE vs. ECR3.DE — Risk / Return Rank
EUNR.DE
ECR3.DE
EUNR.DE vs. ECR3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) (EUNR.DE) and Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF (ECR3.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.
| EUNR.DE | ECR3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.36 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.23 | -1.36 |
| Martin ratioReturn relative to average drawdown | 2.87 | 8.85 | -5.97 |
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Drawdowns
EUNR.DE vs. ECR3.DE - Drawdown Comparison
The maximum EUNR.DE drawdown since its inception was -17.49%, which is greater than ECR3.DE's maximum drawdown of -5.30%. Use the drawdown chart below to compare losses from any high point for EUNR.DE and ECR3.DE.
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Drawdown Indicators
| EUNR.DE | ECR3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.49% | -5.30% | -12.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -0.89% | -1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -0.89% | -1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | -5.05% | -12.44% |
Max Drawdown (10Y)Largest decline over 10 years | -17.49% | — | — |
Current DrawdownCurrent decline from peak | -2.20% | 0.00% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -0.99% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.22% | +0.59% |
Volatility
EUNR.DE vs. ECR3.DE - Volatility Comparison
iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) (EUNR.DE) has a higher volatility of 0.70% compared to Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF (ECR3.DE) at 0.27%. This indicates that EUNR.DE's price experiences larger fluctuations and is considered to be riskier than ECR3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNR.DE | ECR3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.27% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 1.04% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 1.18% | +1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.58% | 1.41% | +3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 1.87% | +2.67% |
EUNR.DE vs. ECR3.DE - Expense Ratio Comparison
EUNR.DE has a 0.20% expense ratio, which is higher than ECR3.DE's 0.12% 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
EUNR.DE vs. ECR3.DE - Dividend Comparison
EUNR.DE's dividend yield for the trailing twelve months is around 2.80%, while ECR3.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
EUNR.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) | 2.80% | 2.65% | 2.25% | 1.50% | 0.90% | 0.81% | 0.88% | 1.25% | 1.35% | 1.42% | 1.84% | 1.03% |
Frequently Asked Questions
EUNR.DE and ECR3.DE have a correlation of 0.67, 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 0.20% for EUNR.DE.
EUNR.DE tracks Bloomberg Euro Corporate ex-Financials Bond, while ECR3.DE tracks Bloomberg MSCI Euro Corporate ESG BB+ Sustainability SRI 0-3 Year. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for EUNR.DE and 0.12% for ECR3.DE.
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