XEC1.DE vs. ECMA.DE
XEC1.DE (Xtrackers II EUR Corporate Bond UCITS ETF) and ECMA.DE (Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc) are both European Corporate Bonds funds - XEC1.DE tracks the Bloomberg Euro Corporate Bond while ECMA.DE tracks the Invesco EUR Corporate Bond ESG Multi-Factor. Both are passively managed. Over the past 3 years, XEC1.DE returned 4.57%/yr vs 4.49%/yr for ECMA.DE. With a 0.97 correlation, they move nearly in lockstep. XEC1.DE charges 0.12%/yr vs 0.19%/yr for ECMA.DE.
Performance
XEC1.DE vs. ECMA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XEC1.DE achieves a 0.61% return, which is significantly higher than ECMA.DE's 0.50% return.
XEC1.DE
- 1D
- 0.11%
- 1M
- 0.31%
- YTD
- 0.61%
- 6M
- 0.58%
- 1Y
- 2.25%
- 3Y*
- 4.57%
- 5Y*
- —
- 10Y*
- —
ECMA.DE
- 1D
- 0.10%
- 1M
- 0.29%
- YTD
- 0.50%
- 6M
- 0.46%
- 1Y
- 2.04%
- 3Y*
- 4.49%
- 5Y*
- —
- 10Y*
- —
XEC1.DE vs. ECMA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XEC1.DE Xtrackers II EUR Corporate Bond UCITS ETF | 0.61% | 3.01% | 4.27% | 7.53% | -1.14% |
ECMA.DE Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc | 0.50% | 2.90% | 4.30% | 7.06% | -1.21% |
Correlation
The correlation between XEC1.DE and ECMA.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.97 |
The correlation between XEC1.DE and ECMA.DE has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
XEC1.DE vs. ECMA.DE — Risk / Return Rank
XEC1.DE
ECMA.DE
XEC1.DE vs. ECMA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Corporate Bond UCITS ETF (XEC1.DE) and Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.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.
| XEC1.DE | ECMA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.10 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 0.62 | +0.10 |
| Martin ratioReturn relative to average drawdown | 2.46 | 2.07 | +0.39 |
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
| XEC1.DE | ECMA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.53 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.81 | -0.78 |
Drawdowns
XEC1.DE vs. ECMA.DE - Drawdown Comparison
The maximum XEC1.DE drawdown since its inception was -16.37%, which is greater than ECMA.DE's maximum drawdown of -8.91%. Use the drawdown chart below to compare losses from any high point for XEC1.DE and ECMA.DE.
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Drawdown Indicators
| XEC1.DE | ECMA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.37% | -8.91% | -7.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -2.68% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -2.68% | +0.02% |
Current DrawdownCurrent decline from peak | -0.69% | -0.76% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -2.10% | -4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.80% | -0.02% |
Volatility
XEC1.DE vs. ECMA.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Corporate Bond UCITS ETF (XEC1.DE) is 1.10%, while Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.DE) has a volatility of 1.28%. This indicates that XEC1.DE experiences smaller price fluctuations and is considered to be less risky than ECMA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEC1.DE | ECMA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.28% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 2.76% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.11% | 3.13% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 4.16% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.51% | 4.16% | +0.35% |
XEC1.DE vs. ECMA.DE - Expense Ratio Comparison
XEC1.DE has a 0.12% expense ratio, which is lower than ECMA.DE's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XEC1.DE vs. ECMA.DE - Dividend Comparison
XEC1.DE's dividend yield for the trailing twelve months is around 2.70%, while ECMA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ECMA.DE Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEC1.DE Xtrackers II EUR Corporate Bond UCITS ETF | 2.70% | 2.50% | 2.68% | 1.77% | 1.08% |
Frequently Asked Questions
With a correlation of 0.94, XEC1.DE and ECMA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XEC1.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEC1.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for ECMA.DE.
XEC1.DE tracks Bloomberg Euro Corporate Bond, while ECMA.DE tracks Invesco EUR Corporate Bond ESG Multi-Factor. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.12% for XEC1.DE and 0.19% for ECMA.DE.
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