IEXA.DE vs. ECR3.DE
IEXA.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc) and ECR3.DE (Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF) are both European Corporate Bonds funds - IEXA.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 3 years, IEXA.DE returned 4.16%/yr vs 3.81%/yr for ECR3.DE. A 0.70 correlation means they provide meaningful diversification when combined. IEXA.DE charges 0.20%/yr vs 0.12%/yr for ECR3.DE.
Performance
IEXA.DE vs. ECR3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IEXA.DE achieves a 1.30% return, which is significantly higher than ECR3.DE's 0.91% return.
IEXA.DE
- 1D
- 0.00%
- 1M
- 0.74%
- YTD
- 1.30%
- 6M
- 1.48%
- 1Y
- 2.24%
- 3Y*
- 4.16%
- 5Y*
- —
- 10Y*
- —
ECR3.DE
- 1D
- 0.06%
- 1M
- 0.39%
- YTD
- 0.91%
- 6M
- 1.04%
- 1Y
- 1.99%
- 3Y*
- 3.81%
- 5Y*
- 1.63%
- 10Y*
- —
IEXA.DE vs. ECR3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IEXA.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc | 1.30% | 2.47% | 3.54% | 7.38% | -5.39% |
ECR3.DE Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF | 0.91% | 2.98% | 4.20% | 4.16% | -1.91% |
Correlation
The correlation between IEXA.DE and ECR3.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since May 27, 2022 | 0.70 |
The correlation between IEXA.DE and ECR3.DE has been stable across timeframes, ranging from 0.61 to 0.70 - a consistent structural relationship.
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Return for Risk
IEXA.DE vs. ECR3.DE — Risk / Return Rank
IEXA.DE
ECR3.DE
IEXA.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 Acc (IEXA.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.
| IEXA.DE | ECR3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.36 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 2.23 | -1.36 |
| Martin ratioReturn relative to average drawdown | 2.79 | 8.85 | -6.05 |
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Drawdowns
IEXA.DE vs. ECR3.DE - Drawdown Comparison
The maximum IEXA.DE drawdown since its inception was -9.06%, 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 IEXA.DE and ECR3.DE.
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Drawdown Indicators
| IEXA.DE | ECR3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.06% | -5.30% | -3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -0.89% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -2.56% | -0.89% | -1.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.05% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -0.99% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.22% | +0.58% |
Volatility
IEXA.DE vs. ECR3.DE - Volatility Comparison
iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.DE) has a higher volatility of 0.78% compared to Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF (ECR3.DE) at 0.27%. This indicates that IEXA.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
| IEXA.DE | ECR3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.27% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 1.04% | +1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.26% | 1.18% | +2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 1.41% | +3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 1.87% | +2.90% |
IEXA.DE vs. ECR3.DE - Expense Ratio Comparison
IEXA.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
IEXA.DE vs. ECR3.DE - Dividend Comparison
Neither IEXA.DE nor ECR3.DE has paid dividends to shareholders.
Frequently Asked Questions
IEXA.DE and ECR3.DE have a correlation of 0.61, 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 IEXA.DE.
IEXA.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 IEXA.DE and 0.12% for ECR3.DE.
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