XZE5.DE vs. ECR3.DE
XZE5.DE (Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C) and ECR3.DE (Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF) are both European Corporate Bonds funds - XZE5.DE tracks the Bloomberg Euro Corp TR EUR while ECR3.DE tracks the Bloomberg MSCI Euro Corporate ESG BB+ Sustainability SRI 0-3 Year. Both are passively managed. Over the past 5 years, XZE5.DE returned 1.16%/yr vs 1.63%/yr for ECR3.DE. A 0.66 correlation means they provide meaningful diversification when combined. XZE5.DE charges 0.16%/yr vs 0.12%/yr for ECR3.DE.
Performance
XZE5.DE vs. ECR3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZE5.DE achieves a 0.85% return, which is significantly lower than ECR3.DE's 0.91% return.
XZE5.DE
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- 0.85%
- 6M
- 0.88%
- 1Y
- 1.96%
- 3Y*
- 4.07%
- 5Y*
- 1.16%
- 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*
- —
XZE5.DE vs. ECR3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XZE5.DE Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C | 0.85% | 3.08% | 4.10% | 5.27% | -6.80% | -0.40% | 0.99% |
ECR3.DE Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF | 0.91% | 2.98% | 4.20% | 4.16% | -3.71% | -0.12% | 0.54% |
Correlation
The correlation between XZE5.DE and ECR3.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2020 | 0.66 |
The correlation between XZE5.DE and ECR3.DE shifts across timeframes, from 0.56 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XZE5.DE vs. ECR3.DE — Risk / Return Rank
XZE5.DE
ECR3.DE
XZE5.DE vs. ECR3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C (XZE5.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.
| XZE5.DE | ECR3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.36 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 2.23 | -1.05 |
| Martin ratioReturn relative to average drawdown | 4.23 | 8.85 | -4.61 |
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Drawdowns
XZE5.DE vs. ECR3.DE - Drawdown Comparison
The maximum XZE5.DE drawdown since its inception was -8.73%, 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 XZE5.DE and ECR3.DE.
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Drawdown Indicators
| XZE5.DE | ECR3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.73% | -5.30% | -3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -1.66% | -0.89% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -1.66% | -0.89% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -8.73% | -5.05% | -3.68% |
Current DrawdownCurrent decline from peak | -0.01% | 0.00% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -0.99% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.22% | +0.24% |
Volatility
XZE5.DE vs. ECR3.DE - Volatility Comparison
Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C (XZE5.DE) has a higher volatility of 0.50% compared to Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF (ECR3.DE) at 0.27%. This indicates that XZE5.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
| XZE5.DE | ECR3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 0.27% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.67% | 1.04% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 1.18% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.55% | 1.41% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.38% | 1.87% | +0.51% |
XZE5.DE vs. ECR3.DE - Expense Ratio Comparison
XZE5.DE has a 0.16% 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
XZE5.DE vs. ECR3.DE - Dividend Comparison
Neither XZE5.DE nor ECR3.DE has paid dividends to shareholders.
Frequently Asked Questions
XZE5.DE and ECR3.DE have a correlation of 0.56, 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 0.16% for XZE5.DE.
XZE5.DE tracks Bloomberg Euro Corp TR EUR, while ECR3.DE tracks Bloomberg MSCI Euro Corporate ESG BB+ Sustainability SRI 0-3 Year. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.16% for XZE5.DE and 0.12% for ECR3.DE.
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