PSFE.DE vs. LCVB.DE
PSFE.DE (Invesco Euro Corporate Bond UCITS ETF Dist) and LCVB.DE (Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist) are both European Corporate Bonds funds - PSFE.DE tracks the Bloomberg Euro Corporate Bond while LCVB.DE tracks the iBoxx® MSCI ESG EUR Corporates 0-1. Both are passively managed. Over the past 5 years, PSFE.DE returned 0.02%/yr vs -1.08%/yr for LCVB.DE. At a 0.44 correlation, their price movements are largely independent. PSFE.DE charges 0.10%/yr vs 0.08%/yr for LCVB.DE.
Performance
PSFE.DE vs. LCVB.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 LCVB.DE's 0.94% 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*
- —
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%
PSFE.DE vs. LCVB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -1.51% | -0.45% |
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% | -0.30% |
Correlation
The correlation between PSFE.DE and LCVB.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2017 | 0.44 |
Over the past year, the correlation between PSFE.DE and LCVB.DE has dropped to 0.19 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
PSFE.DE vs. LCVB.DE — Risk / Return Rank
PSFE.DE
LCVB.DE
PSFE.DE vs. LCVB.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 Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist (LCVB.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 | LCVB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.19 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 0.47 | +0.21 |
| Martin ratioReturn relative to average drawdown | 2.30 | 1.00 | +1.30 |
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 | LCVB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.44 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | -0.39 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.57 | -0.43 |
Drawdowns
PSFE.DE vs. LCVB.DE - Drawdown Comparison
The maximum PSFE.DE drawdown since its inception was -17.18%, which is greater than LCVB.DE's maximum drawdown of -14.50%. Use the drawdown chart below to compare losses from any high point for PSFE.DE and LCVB.DE.
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Drawdown Indicators
| PSFE.DE | LCVB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.18% | -14.50% | -2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -1.44% | -1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -2.71% | -1.44% | -1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -17.18% | -13.73% | -3.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.50% | — |
Current DrawdownCurrent decline from peak | -1.40% | -6.79% | +5.39% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -3.13% | -1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.68% | +0.12% |
Volatility
PSFE.DE vs. LCVB.DE - Volatility Comparison
Invesco Euro Corporate Bond UCITS ETF Dist (PSFE.DE) has a higher volatility of 1.19% compared to Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist (LCVB.DE) at 0.10%. This indicates that PSFE.DE's price experiences larger fluctuations and is considered to be riskier than LCVB.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 | LCVB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 0.10% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 1.51% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 1.55% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 2.75% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 2.54% | +2.11% |
PSFE.DE vs. LCVB.DE - Expense Ratio Comparison
PSFE.DE has a 0.10% expense ratio, which is higher than LCVB.DE's 0.08% 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
PSFE.DE vs. LCVB.DE - Dividend Comparison
PSFE.DE's dividend yield for the trailing twelve months is around 3.29%, while LCVB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PSFE.DE and LCVB.DE have a correlation of 0.19, 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 0.10% for PSFE.DE.
PSFE.DE tracks Bloomberg Euro Corporate Bond, while LCVB.DE tracks iBoxx® MSCI ESG EUR Corporates 0-1. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.10% for PSFE.DE and 0.08% for LCVB.DE.
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