LCVB.DE vs. COVR.DE
LCVB.DE (Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist) and COVR.DE (PIMCO Covered Bond UCITS ETF Dist) are both European Corporate Bonds funds - LCVB.DE tracks the iBoxx® MSCI ESG EUR Corporates 0-1 while COVR.DE tracks the PIMCO Covered Bond. Both are passively managed. Over the past 10 years, LCVB.DE returned -0.35%/yr vs 0.53%/yr for COVR.DE. A 0.52 correlation means they provide meaningful diversification when combined. LCVB.DE charges 0.08%/yr vs 0.43%/yr for COVR.DE.
Performance
LCVB.DE vs. COVR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LCVB.DE achieves a 0.94% return, which is significantly higher than COVR.DE's -0.22% return. Over the past 10 years, LCVB.DE has underperformed COVR.DE with an annualized return of -0.35%, while COVR.DE has yielded a comparatively higher 0.53% annualized return.
LCVB.DE
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 0.94%
- 6M
- -0.40%
- 1Y
- 0.67%
- 3Y*
- 1.93%
- 5Y*
- -1.08%
- 10Y*
- -0.35%
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%
LCVB.DE vs. COVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCVB.DE Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist | 0.94% | 0.95% | 2.69% | 2.15% | -10.56% | -1.94% | 1.32% | 1.70% | -0.05% | 0.35% |
COVR.DE PIMCO Covered Bond UCITS ETF Dist | -0.22% | 2.66% | 3.80% | 6.11% | -12.85% | -2.27% | 3.03% | 3.98% | 0.05% | 2.43% |
Correlation
The correlation between LCVB.DE and COVR.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2014 | 0.52 |
Over the past year, the correlation between LCVB.DE and COVR.DE has dropped to 0.16 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
LCVB.DE vs. COVR.DE — Risk / Return Rank
LCVB.DE
COVR.DE
LCVB.DE vs. COVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist (LCVB.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.
| LCVB.DE | COVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.05 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.23 | +0.25 |
| Martin ratioReturn relative to average drawdown | 1.00 | 0.65 | +0.35 |
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
| LCVB.DE | COVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.26 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | -0.13 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.14 | 0.18 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.21 | +0.36 |
Drawdowns
LCVB.DE vs. COVR.DE - Drawdown Comparison
The maximum LCVB.DE drawdown since its inception was -14.50%, smaller than the maximum COVR.DE drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for LCVB.DE and COVR.DE.
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Drawdown Indicators
| LCVB.DE | COVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.50% | -16.36% | +1.86% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -2.85% | +1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -1.44% | -2.85% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -13.73% | -15.69% | +1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -14.50% | -16.36% | +1.86% |
Current DrawdownCurrent decline from peak | -6.79% | -4.21% | -2.58% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -4.10% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 1.00% | -0.32% |
Volatility
LCVB.DE vs. COVR.DE - Volatility Comparison
The current volatility for Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist (LCVB.DE) is 0.10%, while PIMCO Covered Bond UCITS ETF Dist (COVR.DE) has a volatility of 0.92%. This indicates that LCVB.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.
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Volatility by Period
| LCVB.DE | COVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 0.92% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 2.11% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.55% | 2.48% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 3.77% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.54% | 2.98% | -0.44% |
LCVB.DE vs. COVR.DE - Expense Ratio Comparison
LCVB.DE has a 0.08% expense ratio, which is lower than COVR.DE's 0.43% expense ratio.
Dividends
LCVB.DE vs. COVR.DE - Dividend Comparison
LCVB.DE has not paid dividends to shareholders, while COVR.DE's dividend yield for the trailing twelve months is around 2.49%.
| 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% |
LCVB.DE Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist | 0.00% | 0.00% | 0.00% | 0.00% | 0.51% | 0.82% | 1.26% | 1.51% | 1.80% | 2.86% | 0.31% | 0.49% |
Frequently Asked Questions
LCVB.DE and COVR.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LCVB.DE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCVB.DE is cheaper with a 0.08% expense ratio, compared with 0.43% for COVR.DE.
LCVB.DE tracks iBoxx® MSCI ESG EUR Corporates 0-1, while COVR.DE tracks PIMCO Covered Bond. They also come from different issuers: Amundi and PIMCO. Their fees differ too: 0.08% for LCVB.DE and 0.43% for COVR.DE.
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