PSFE.DE vs. EFRN.DE
PSFE.DE (Invesco Euro Corporate Bond UCITS ETF Dist) and EFRN.DE (iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist)) are both European Corporate Bonds funds - PSFE.DE tracks the Bloomberg Euro Corporate Bond while EFRN.DE tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Over the past 5 years, PSFE.DE returned 0.02%/yr vs 2.35%/yr for EFRN.DE. At a 0.08 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
PSFE.DE vs. EFRN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PSFE.DE achieves a 0.57% return, which is significantly lower than EFRN.DE's 0.87% return.
PSFE.DE
- 1D
- 0.11%
- 1M
- 0.29%
- YTD
- 0.57%
- 6M
- 0.52%
- 1Y
- 2.18%
- 3Y*
- 4.54%
- 5Y*
- 0.02%
- 10Y*
- —
EFRN.DE
- 1D
- 0.05%
- 1M
- 0.17%
- YTD
- 0.87%
- 6M
- 1.29%
- 1Y
- 2.55%
- 3Y*
- 3.61%
- 5Y*
- 2.35%
- 10Y*
- —
PSFE.DE vs. EFRN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PSFE.DE Invesco Euro Corporate Bond UCITS ETF Dist | 0.57% | 3.04% | 4.16% | 7.18% | -13.28% | -0.82% | 2.40% | 6.18% | -0.72% |
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 0.87% | 2.94% | 4.31% | 3.97% | -0.03% | -0.22% | -0.04% | 1.18% | -0.78% |
Correlation
The correlation between PSFE.DE and EFRN.DE is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2018 | 0.08 |
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Return for Risk
PSFE.DE vs. EFRN.DE — Risk / Return Rank
PSFE.DE
EFRN.DE
PSFE.DE vs. EFRN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Corporate Bond UCITS ETF Dist (PSFE.DE) and iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.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.
| PSFE.DE | EFRN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.55 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 8.25 | -7.57 |
| Martin ratioReturn relative to average drawdown | 2.30 | 32.61 | -30.31 |
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
| PSFE.DE | EFRN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 2.58 | -1.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 2.35 | -2.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 1.12 | -0.97 |
Drawdowns
PSFE.DE vs. EFRN.DE - Drawdown Comparison
The maximum PSFE.DE drawdown since its inception was -17.18%, which is greater than EFRN.DE's maximum drawdown of -5.68%. Use the drawdown chart below to compare losses from any high point for PSFE.DE and EFRN.DE.
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Drawdown Indicators
| PSFE.DE | EFRN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.18% | -5.68% | -11.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -0.31% | -2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -2.71% | -0.48% | -2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -17.18% | -1.13% | -16.05% |
Current DrawdownCurrent decline from peak | -1.40% | -0.01% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -0.33% | -4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.08% | +0.72% |
Volatility
PSFE.DE vs. EFRN.DE - Volatility Comparison
Invesco Euro Corporate Bond UCITS ETF Dist (PSFE.DE) has a higher volatility of 1.19% compared to iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) at 0.34%. This indicates that PSFE.DE's price experiences larger fluctuations and is considered to be riskier than EFRN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSFE.DE | EFRN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 0.34% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 0.80% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 0.98% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 0.99% | +3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 1.35% | +3.30% |
PSFE.DE vs. EFRN.DE - Expense Ratio Comparison
Both PSFE.DE and EFRN.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
PSFE.DE vs. EFRN.DE - Dividend Comparison
PSFE.DE's dividend yield for the trailing twelve months is around 3.29%, more than EFRN.DE's 2.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 2.50% | 2.88% | 4.22% | 2.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSFE.DE Invesco Euro Corporate Bond UCITS ETF Dist | 3.29% | 3.32% | 3.50% | 2.97% | 1.00% | 0.54% | 0.77% | 0.71% | 0.58% |
Frequently Asked Questions
PSFE.DE and EFRN.DE have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
PSFE.DE and EFRN.DE have the same expense ratio: 0.10% per year.
PSFE.DE tracks Bloomberg Euro Corporate Bond, while EFRN.DE tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR. They also come from different issuers: Invesco and iShares.
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