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EFRN.DE vs. XLIQ.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EFRN.DE vs. XLIQ.DE

Last updated Jun 5, 2026

EFRN.DE (iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist)) and XLIQ.DE (Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF) are both European Corporate Bonds funds - EFRN.DE tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR while XLIQ.DE tracks the iBoxx® EUR Liquid Covered Bond. Both are passively managed. At a 0.03 correlation, their price movements are largely independent. EFRN.DE charges 0.10%/yr vs 0.20%/yr for XLIQ.DE.

Performance

EFRN.DE vs. XLIQ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) and Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF (XLIQ.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

EFRN.DE

1D
0.05%
1M
0.17%
YTD
0.87%
6M
1.29%
1Y
2.55%
3Y*
3.61%
5Y*
2.35%
10Y*
—

XLIQ.DE

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EFRN.DE vs. XLIQ.DE - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
EFRN.DE
iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist)		0.87%2.94%4.31%3.97%-0.03%-0.22%-0.04%1.18%-0.78%
XLIQ.DE
Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF		0.27%1.87%2.30%6.61%-18.10%-3.39%2.42%5.38%-0.28%

Correlation

The correlation between EFRN.DE and XLIQ.DE is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.06

Correlation (5Y)
Calculated over the trailing 5-year period

0.04

Correlation (All Time)
Calculated using the full available price history since Jul 3, 2018

0.03

Compare stocks, funds, or ETFs

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iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist)

Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF

Often compared with EFRN.DE:
EFRN.DE vs. XEON.DEEFRN.DE vs. ERN1.LEFRN.DE vs. EUNT.DEEFRN.DE vs. SUA0.DEEFRN.DE vs. ECR1.DEEFRN.DE vs. JER5.DEEFRN.DE vs. EUN5.DE
Often compared with XLIQ.DE:
XLIQ.DE vs. CWBXLIQ.DE vs. ECR3.DEXLIQ.DE vs. IE3E.DEXLIQ.DE vs. JER5.DEXLIQ.DE vs. IB26.DEXLIQ.DE vs. ECR1.DEXLIQ.DE vs. XEON.DE

Return for Risk

EFRN.DE vs. XLIQ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EFRN.DE
EFRN.DE Risk / Return Rank: 9090
Overall Rank
EFRN.DE Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
EFRN.DE Sortino Ratio Rank: 8888
Sortino Ratio Rank
EFRN.DE Omega Ratio Rank: 8888
Omega Ratio Rank
EFRN.DE Calmar Ratio Rank: 9595
Calmar Ratio Rank
EFRN.DE Martin Ratio Rank: 9595
Martin Ratio Rank
XLIQ.DE
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EFRN.DE vs. XLIQ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) and Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF (XLIQ.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.

EFRN.DEXLIQ.DEDifference
Sharpe ratioReturn per unit of total volatility
2.58

—

—

Sortino ratioReturn per unit of downside risk
3.96

—

—

Omega ratioGain probability vs. loss probability

1.55

—

—

Calmar ratioReturn relative to maximum drawdown

8.25

—

—

Martin ratioReturn relative to average drawdown

32.61

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EFRN.DE vs. XLIQ.DE - Sharpe Ratio Comparison

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Sharpe Ratios by Period

EFRN.DEXLIQ.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.58

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

2.35

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.12

—

—

Drawdowns

EFRN.DE vs. XLIQ.DE - Drawdown Comparison

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Drawdown Indicators

EFRN.DEXLIQ.DEDifference

Max Drawdown

Largest peak-to-trough decline

-5.68%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-0.31%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-0.48%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-1.13%

—

—

Current Drawdown

Current decline from peak

-0.01%

—

—

Average Drawdown

Average peak-to-trough decline

-0.33%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.08%

—

—

Volatility

EFRN.DE vs. XLIQ.DE - Volatility Comparison

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Volatility by Period

EFRN.DEXLIQ.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.34%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

0.80%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

0.98%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.99%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.35%

—

—

EFRN.DE vs. XLIQ.DE - Expense Ratio Comparison

EFRN.DE has a 0.10% expense ratio, which is lower than XLIQ.DE's 0.20% 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

EFRN.DE vs. XLIQ.DE - Dividend Comparison

EFRN.DE's dividend yield for the trailing twelve months is around 2.50%, while XLIQ.DE has not paid dividends to shareholders.

PositionTTM202520242023202220212020
EFRN.DE
iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist)		2.50%2.88%4.22%2.93%0.00%0.00%0.00%
XLIQ.DE
Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EFRN.DE and XLIQ.DE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EFRN.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EFRN.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for XLIQ.DE.

EFRN.DE tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while XLIQ.DE tracks iBoxx® EUR Liquid Covered Bond. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.10% for EFRN.DE and 0.20% for XLIQ.DE.

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