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Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF (EL48.DE) Alternatives

ETF · Currency in EUR · Last updated Jun 5, 2026

EL48.DE is a passive ETF by Deka tracking the investment results of the iBoxx® EUR Liquid Germany Covered Diversified. EL48.DE launched on Dec 16, 2009 and has a 0.09% expense ratio.

Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF (EL48.DE) belongs to the European Corporate Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EL48.DE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to EL48.DE

EL48.DE charges 0.09% annually. There are 5 ETFs in the European Corporate Bonds category with lower expense ratios, going as low as 0.04%.

SymbolNameExpense RatioAUMInception
JREB.DE
JPMorgan EUR Corporate Bond Research Enhanced Inde...0.04%—Dec 2018EL48.DE vs JREB.DE
JER5.DE
JPMorgan EUR Corporate Bond 1-5 yr Research Enhanc...0.04%—Dec 2018EL48.DE vs JER5.DE
PR1C.DE
Amundi EUR Corporate Bond UCITS ETF DR EUR (D)0.07%—Feb 2019EL48.DE vs PR1C.DE
ECR1.DE
Amundi Euro Corporate 0-1Y ESG UCITS ETF0.08%—Mar 2021EL48.DE vs ECR1.DE
LCVB.DE
Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist0.08%—Jun 2007EL48.DE vs LCVB.DE

Best Risk-Adjusted Alternatives to EL48.DE

EL48.DE has a PortfoliosLab risk / return rank of 12. There are 57 ETFs in the European Corporate Bonds category with higher risk-adjusted ranks, going as high as 97.

SymbolNameRisk / Return RankAUMInception
ECR1.DE
Amundi Euro Corporate 0-1Y ESG UCITS ETF
97
—Mar 2021EL48.DE vs ECR1.DE
IB26.DE
iShares iBonds Dec 2026 Term EUR Corporate UCITS E...
95
—Sep 2023EL48.DE vs IB26.DE
EFRN.DE
iShares EUR Floating Rate Bond ESG UCITS ETF EUR (...
90
—Jun 2018EL48.DE vs EFRN.DE
ECR3.DE
Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF
56
—Sep 2019EL48.DE vs ECR3.DE
QDVL.DE
iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR...
51
—Jan 2016EL48.DE vs QDVL.DE

Top Performing EL48.DE Alternatives (YTD)

EL48.DE is at 0.11% YTD. There are 56 ETFs in the European Corporate Bonds category with higher YTD returns, going as high as 1.59%.

SymbolNameYTD ReturnAUMInception
SYBQ.DE
SPDR Bloomberg 0-5 Year Sterling Corporate Bond UC...
1.59%
—Feb 2014EL48.DE vs SYBQ.DE
LCVB.DE
Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist
0.94%
—Jun 2007EL48.DE vs LCVB.DE
IG35.DE
iShares iBonds December 2035 Term EUR Corporate UC...
0.90%
—Oct 2025EL48.DE vs IG35.DE
IB26.DE
iShares iBonds Dec 2026 Term EUR Corporate UCITS E...
0.88%
—Sep 2023EL48.DE vs IB26.DE
EFRN.DE
iShares EUR Floating Rate Bond ESG UCITS ETF EUR (...
0.87%
—Jun 2018EL48.DE vs EFRN.DE

Lowest Volatility Alternatives to EL48.DE

EL48.DE has 2.49% 1-year volatility. There are 20 ETFs in the European Corporate Bonds category with lower 1-year volatility, going as low as 0.54%.

SymbolNameVolatility 1YAUMInception
ECR1.DE
Amundi Euro Corporate 0-1Y ESG UCITS ETF0.54%—Mar 2021EL48.DE vs ECR1.DE
IB26.DE
iShares iBonds Dec 2026 Term EUR Corporate UCITS E...0.72%—Sep 2023EL48.DE vs IB26.DE
EFRN.DE
iShares EUR Floating Rate Bond ESG UCITS ETF EUR (...0.98%—Jun 2018EL48.DE vs EFRN.DE
ECR3.DE
Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF1.06%—Sep 2019EL48.DE vs ECR3.DE
QDVL.DE
iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR...1.18%—Jan 2016EL48.DE vs QDVL.DE

Lowest Drawdown Alternatives to EL48.DE

EL48.DE has a 1-year max drawdown of -2.22%. There are 18 ETFs in the European Corporate Bonds category with shallower 1-year drawdowns, going as shallow as -0.09%.

SymbolNameMax Drawdown 1YAUMInception
ECR1.DE
Amundi Euro Corporate 0-1Y ESG UCITS ETF
-0.09%
—Mar 2021EL48.DE vs ECR1.DE
IB26.DE
iShares iBonds Dec 2026 Term EUR Corporate UCITS E...
-0.18%
—Sep 2023EL48.DE vs IB26.DE
EFRN.DE
iShares EUR Floating Rate Bond ESG UCITS ETF EUR (...
-0.31%
—Jun 2018EL48.DE vs EFRN.DE
ECR3.DE
Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF
-0.88%
—Sep 2019EL48.DE vs ECR3.DE
SYBD.DE
SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF
-0.92%
—Aug 2013EL48.DE vs SYBD.DE

Other ETFs from Deka

The 10 most viewed Deka ETFs shown here include ELFC.DE, EL4G.DE, ELFB.DE and span 4 categories.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
ELFC.DE
Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETFEurope Equities
55
12.62%
—Sep 2015EL48.DE vs ELFC.DE
EL4G.DE
Deka EURO STOXX Select Dividend 30 UCITS ETFEurope Equities
53
7.82%
—Jun 2008EL48.DE vs EL4G.DE
ELFB.DE
Deka Oekom Euro Nachhaltigkeit UCITS ETFEurope Equities
39
9.36%
—Aug 2015EL48.DE vs ELFB.DE
EL42.DE
Deka MSCI Europe UCITS ETFEurope Equities
36
7.59%
—Jun 2009EL48.DE vs EL42.DE
ELFW.DE
Deka MSCI World UCITS ETF DistGlobal Equities
68
10.68%
—Sep 2018EL48.DE vs ELFW.DE
EL4F.DE
Deka DAX (ausschüttend) UCITS ETFEurope Equities
11
1.34%
—Jun 2008EL48.DE vs EL4F.DE
EL4A.DE
Deka DAX UCITS ETFEurope Equities
11
1.28%
—Mar 2008EL48.DE vs EL4A.DE
D6RP.DE
Deka MSCI World Climate Change ESG UCITS ETFGlobal Equities
58
11.26%
—Jun 2020EL48.DE vs D6RP.DE
EL4S.DE
Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETFEuropean Government Bonds
17
0.11%
—Mar 2009EL48.DE vs EL4S.DE
D6RD.DE
Deka Future Energy ESG UCITS ETFEnergy Equities
94
48.10%
—Jul 2022EL48.DE vs D6RD.DE

Often Compared With EL48.DE

Investors most often compare EL48.DE with D6RQ.DE, EL49.DE, IE3E.DE. These 4 comparison targets span 2 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
D6RQ.DE
Deka MSCI USA Climate Change ESG UCITS ETFLarge Cap Blend Equities
61
14.41%
—Jun 2020EL48.DE vs D6RQ.DE
EL49.DE
Deka iBoxx EUR Liquid Corporates Diversified UCITS...European Corporate Bonds
15
0.49%
—Feb 2010EL48.DE vs EL49.DE
IE3E.DE
iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR...European Corporate Bonds
39
0.48%
—May 2022EL48.DE vs IE3E.DE
SPPS.DE
SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UC...European Corporate Bonds
34
0.69%
—May 2022EL48.DE vs SPPS.DE

Compare EL48.DE with Any Fund or Stock

Compare EL48.DE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair EL48.DE with funds that move differently

Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EL48.DE.

Explore EL48.DE Diversifiers