IBCX.L vs. ECRP.L
IBCX.L (iShares Euro Corporate Bond Large Cap UCITS ETF) and ECRP.L (Amundi Index Euro Corporate SRI UCITS ETF DR (C)) are both European Corporate Bonds funds tracking the Bloomberg Euro Corp TR EUR, from iShares and Amundi respectively. Both are passively managed. Over the past 5 years, IBCX.L returned -0.26%/yr vs -0.01%/yr for ECRP.L. A 0.67 correlation means they provide meaningful diversification when combined. IBCX.L charges 0.20%/yr vs 0.14%/yr for ECRP.L.
Performance
IBCX.L vs. ECRP.L - Performance Comparison
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Different Trading Currencies
IBCX.L is traded in EUR, while ECRP.L is traded in GBp. To make them comparable, the ECRP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBCX.L achieves a 0.49% return, which is significantly higher than ECRP.L's 0.46% return.
IBCX.L
- 1D
- 0.06%
- 1M
- 0.76%
- YTD
- 0.49%
- 6M
- 0.44%
- 1Y
- 1.83%
- 3Y*
- 4.28%
- 5Y*
- -0.26%
- 10Y*
- 0.73%
ECRP.L
- 1D
- 0.19%
- 1M
- 0.85%
- YTD
- 0.46%
- 6M
- 0.50%
- 1Y
- 1.92%
- 3Y*
- 4.38%
- 5Y*
- -0.01%
- 10Y*
- —
IBCX.L vs. ECRP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBCX.L iShares Euro Corporate Bond Large Cap UCITS ETF | 0.49% | 3.14% | 3.48% | 7.33% | -13.95% | -1.48% | 1.80% |
ECRP.L Amundi Index Euro Corporate SRI UCITS ETF DR (C) | 0.46% | 2.70% | 4.25% | 7.23% | -13.17% | -1.21% | 1.69% |
Correlation
The correlation between IBCX.L and ECRP.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2020 | 0.67 |
The correlation between IBCX.L and ECRP.L has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.
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Return for Risk
IBCX.L vs. ECRP.L — Risk / Return Rank
IBCX.L
ECRP.L
IBCX.L vs. ECRP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Corporate Bond Large Cap UCITS ETF (IBCX.L) and Amundi Index Euro Corporate SRI UCITS ETF DR (C) (ECRP.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.
| IBCX.L | ECRP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.09 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 0.66 | 0.00 |
| Martin ratioReturn relative to average drawdown | 2.36 | 2.25 | +0.11 |
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
| IBCX.L | ECRP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 0.53 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | -0.00 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.02 | +0.27 |
Drawdowns
IBCX.L vs. ECRP.L - Drawdown Comparison
The maximum IBCX.L drawdown since its inception was -23.17%, which is greater than ECRP.L's maximum drawdown of -17.64%. Use the drawdown chart below to compare losses from any high point for IBCX.L and ECRP.L.
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Drawdown Indicators
| IBCX.L | ECRP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.17% | -17.64% | -5.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -2.88% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -2.73% | -2.88% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -17.79% | -17.64% | -0.15% |
Max Drawdown (10Y)Largest decline over 10 years | -17.79% | — | — |
Current DrawdownCurrent decline from peak | -2.76% | -1.56% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -6.25% | +3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.85% | -0.08% |
Volatility
IBCX.L vs. ECRP.L - Volatility Comparison
The current volatility for iShares Euro Corporate Bond Large Cap UCITS ETF (IBCX.L) is 1.08%, while Amundi Index Euro Corporate SRI UCITS ETF DR (C) (ECRP.L) has a volatility of 1.31%. This indicates that IBCX.L experiences smaller price fluctuations and is considered to be less risky than ECRP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCX.L | ECRP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.31% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 3.04% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 3.61% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.65% | 5.36% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.79% | 6.38% | -1.59% |
IBCX.L vs. ECRP.L - Expense Ratio Comparison
IBCX.L has a 0.20% expense ratio, which is higher than ECRP.L's 0.14% 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
IBCX.L vs. ECRP.L - Dividend Comparison
IBCX.L's dividend yield for the trailing twelve months is around 3.07%, while ECRP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBCX.L iShares Euro Corporate Bond Large Cap UCITS ETF | 3.07% | 3.02% | 2.74% | 2.31% | 1.05% | 0.73% | 0.84% | 0.99% | 1.10% | 1.09% | 1.27% | 1.57% |
Frequently Asked Questions
IBCX.L and ECRP.L have a correlation of 0.66, 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 IBCX.L.
Both ETFs track Bloomberg Euro Corp TR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for IBCX.L and 0.14% for ECRP.L.
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