EL43.DE vs. EL49.DE
EL43.DE (Deka MSCI Europe MC UCITS ETF) and EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) are both exchange-traded funds - EL43.DE is a Europe Equities fund tracking the MSCI Europe Mid Cap, while EL49.DE is a European Corporate Bonds fund tracking the iBoxx® EUR Liquid Corporates Diversified. Both are passively managed. Over the past 10 years, EL43.DE returned 8.48%/yr vs 0.63%/yr for EL49.DE. At a 0.12 correlation, their price movements are largely independent. EL43.DE charges 0.30%/yr vs 0.20%/yr for EL49.DE.
Performance
EL43.DE vs. EL49.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL43.DE achieves a 7.83% return, which is significantly higher than EL49.DE's 0.49% return. Over the past 10 years, EL43.DE has outperformed EL49.DE with an annualized return of 8.48%, while EL49.DE has yielded a comparatively lower 0.63% annualized return.
EL43.DE
- 1D
- 0.20%
- 1M
- 1.26%
- YTD
- 7.83%
- 6M
- 10.02%
- 1Y
- 15.49%
- 3Y*
- 14.70%
- 5Y*
- 7.18%
- 10Y*
- 8.48%
EL49.DE
- 1D
- 0.02%
- 1M
- 0.71%
- YTD
- 0.49%
- 6M
- 0.04%
- 1Y
- 1.39%
- 3Y*
- 4.31%
- 5Y*
- -0.16%
- 10Y*
- 0.63%
EL43.DE vs. EL49.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL43.DE Deka MSCI Europe MC UCITS ETF | 7.83% | 23.35% | 7.52% | 14.30% | -19.19% | 21.35% | 4.43% | 31.27% | -13.55% | 14.21% |
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 0.49% | 2.66% | 4.06% | 7.13% | -13.01% | -1.51% | 1.80% | 5.80% | -1.28% | 0.93% |
Correlation
The correlation between EL43.DE and EL49.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2010 | 0.12 |
Over the past year, EL43.DE and EL49.DE have become more correlated (0.49) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
EL43.DE vs. EL49.DE — Risk / Return Rank
EL43.DE
EL49.DE
EL43.DE vs. EL49.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI Europe MC UCITS ETF (EL43.DE) and Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.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.
| EL43.DE | EL49.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.07 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 0.46 | +1.39 |
| Martin ratioReturn relative to average drawdown | 6.82 | 1.52 | +5.30 |
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
| EL43.DE | EL49.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 0.36 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | -0.03 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.12 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.47 | +0.11 |
Drawdowns
EL43.DE vs. EL49.DE - Drawdown Comparison
The maximum EL43.DE drawdown since its inception was -37.81%, which is greater than EL49.DE's maximum drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for EL43.DE and EL49.DE.
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Drawdown Indicators
| EL43.DE | EL49.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.81% | -16.77% | -21.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -3.05% | -5.32% |
Max Drawdown (3Y)Largest decline over 3 years | -13.65% | -3.05% | -10.60% |
Max Drawdown (5Y)Largest decline over 5 years | -29.37% | -16.77% | -12.60% |
Max Drawdown (10Y)Largest decline over 10 years | -37.81% | -16.77% | -21.04% |
Current DrawdownCurrent decline from peak | -1.88% | -1.87% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -3.21% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 0.92% | +1.35% |
Volatility
EL43.DE vs. EL49.DE - Volatility Comparison
Deka MSCI Europe MC UCITS ETF (EL43.DE) has a higher volatility of 3.39% compared to Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) at 1.28%. This indicates that EL43.DE's price experiences larger fluctuations and is considered to be riskier than EL49.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL43.DE | EL49.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 1.28% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 3.42% | +6.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 3.85% | +8.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.64% | 4.88% | +12.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 5.25% | +12.34% |
EL43.DE vs. EL49.DE - Expense Ratio Comparison
EL43.DE has a 0.30% expense ratio, which is higher than EL49.DE's 0.20% expense ratio.
Dividends
EL43.DE vs. EL49.DE - Dividend Comparison
EL43.DE's dividend yield for the trailing twelve months is around 2.19%, less than EL49.DE's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL43.DE Deka MSCI Europe MC UCITS ETF | 2.19% | 2.69% | 4.09% | 2.52% | 2.53% | 1.64% | 1.79% | 2.18% | 2.56% | 1.60% | 2.76% | 2.05% |
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 3.49% | 3.50% | 3.24% | 3.04% | 0.75% | 0.69% | 0.69% | 0.88% | 0.75% | 1.15% | 1.52% | 1.82% |
Frequently Asked Questions
EL43.DE and EL49.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL49.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL49.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for EL43.DE.
EL43.DE is categorized as Europe Equities, while EL49.DE is European Corporate Bonds. EL43.DE tracks MSCI Europe Mid Cap, while EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified. Their fees differ too: 0.30% for EL43.DE and 0.20% for EL49.DE.
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