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

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.

Looking to diversify beyond EL48.DE? The ETFs below have the lowest correlation with EL48.DE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from EL48.DE.

Best Diversifiers for EL48.DE

8 ETFs have low correlation with EL48.DE (below 0.3), 1 of which are negatively correlated. The least correlated is iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) (European Corporate Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.04 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
EFRN.DE
iShares EUR Floating Rate Bond ESG UCITS ETF EUR (...-0.010.020.04
90
European Corporate BondsEL48.DE vs EFRN.DE
IB26.DE
iShares iBonds Dec 2026 Term EUR Corporate UCITS E...0.05——
95
European Corporate BondsEL48.DE vs IB26.DE
ECR1.DE
Amundi Euro Corporate 0-1Y ESG UCITS ETF0.110.140.16
97
European Corporate BondsEL48.DE vs ECR1.DE
D6RQ.DE
Deka MSCI USA Climate Change ESG UCITS ETF0.130.070.06
61
Large Cap Blend EquitiesEL48.DE vs D6RQ.DE
ELFC.DE
Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF0.170.100.08
55
Europe EquitiesEL48.DE vs ELFC.DE
See all 10 diversifiers for EL48.DE

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Diversification Analysis

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