EL48.DE vs. D6RQ.DE
EL48.DE (Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF) and D6RQ.DE (Deka MSCI USA Climate Change ESG UCITS ETF) are both exchange-traded funds - EL48.DE is a European Corporate Bonds fund tracking the iBoxx® EUR Liquid Germany Covered Diversified, while D6RQ.DE is a Large Cap Blend Equities fund tracking the MSCI USA Climate Change ESG Select. Both are passively managed. Over the past 5 years, EL48.DE returned -1.32%/yr vs 17.54%/yr for D6RQ.DE. At a 0.05 correlation, their price movements are largely independent. EL48.DE charges 0.09%/yr vs 0.25%/yr for D6RQ.DE.
Performance
EL48.DE vs. D6RQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL48.DE achieves a 0.11% return, which is significantly lower than D6RQ.DE's 14.41% return.
EL48.DE
- 1D
- 0.07%
- 1M
- 0.16%
- YTD
- 0.11%
- 6M
- -0.02%
- 1Y
- 0.83%
- 3Y*
- 2.99%
- 5Y*
- -1.32%
- 10Y*
- -0.41%
D6RQ.DE
- 1D
- -0.56%
- 1M
- 7.43%
- YTD
- 14.41%
- 6M
- 13.29%
- 1Y
- 33.08%
- 3Y*
- 23.10%
- 5Y*
- 17.54%
- 10Y*
- —
EL48.DE vs. D6RQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EL48.DE Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF | 0.11% | 2.29% | 2.95% | 5.23% | -14.85% | -2.18% | 0.67% |
D6RQ.DE Deka MSCI USA Climate Change ESG UCITS ETF | 14.41% | 4.36% | 42.08% | 34.15% | -22.07% | 41.44% | 12.56% |
Correlation
The correlation between EL48.DE and D6RQ.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.05 |
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Return for Risk
EL48.DE vs. D6RQ.DE — Risk / Return Rank
EL48.DE
D6RQ.DE
EL48.DE vs. D6RQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF (EL48.DE) and Deka MSCI USA Climate Change ESG UCITS ETF (D6RQ.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.
| EL48.DE | D6RQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.39 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 2.69 | -2.39 |
| Martin ratioReturn relative to average drawdown | 0.77 | 7.85 | -7.08 |
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
| EL48.DE | D6RQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 2.23 | -1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.97 | -1.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 1.09 | -0.94 |
Drawdowns
EL48.DE vs. D6RQ.DE - Drawdown Comparison
The maximum EL48.DE drawdown since its inception was -18.24%, smaller than the maximum D6RQ.DE drawdown of -27.29%. Use the drawdown chart below to compare losses from any high point for EL48.DE and D6RQ.DE.
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Drawdown Indicators
| EL48.DE | D6RQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.24% | -27.29% | +9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -12.28% | +10.06% |
Max Drawdown (3Y)Largest decline over 3 years | -2.22% | -27.29% | +25.07% |
Max Drawdown (5Y)Largest decline over 5 years | -17.05% | -27.29% | +10.24% |
Max Drawdown (10Y)Largest decline over 10 years | -18.24% | — | — |
Current DrawdownCurrent decline from peak | -8.55% | -0.84% | -7.71% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -5.82% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 4.22% | -3.37% |
Volatility
EL48.DE vs. D6RQ.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF (EL48.DE) is 1.04%, while Deka MSCI USA Climate Change ESG UCITS ETF (D6RQ.DE) has a volatility of 4.06%. This indicates that EL48.DE experiences smaller price fluctuations and is considered to be less risky than D6RQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL48.DE | D6RQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 4.06% | -3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 10.35% | -8.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.49% | 14.84% | -12.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 17.79% | -13.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.60% | 17.56% | -13.96% |
EL48.DE vs. D6RQ.DE - Expense Ratio Comparison
EL48.DE has a 0.09% expense ratio, which is lower than D6RQ.DE's 0.25% 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
EL48.DE vs. D6RQ.DE - Dividend Comparison
EL48.DE's dividend yield for the trailing twelve months is around 2.07%, more than D6RQ.DE's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D6RQ.DE Deka MSCI USA Climate Change ESG UCITS ETF | 0.37% | 0.53% | 0.39% | 0.60% | 0.80% | 0.46% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL48.DE Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF | 2.07% | 2.45% | 1.70% | 1.66% | 0.19% | 0.15% | 0.19% | 0.28% | 0.28% | 0.87% | 0.90% | 0.94% |
Frequently Asked Questions
EL48.DE and D6RQ.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL48.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL48.DE is cheaper with a 0.09% expense ratio, compared with 0.25% for D6RQ.DE.
EL48.DE is categorized as European Corporate Bonds, while D6RQ.DE is Large Cap Blend Equities. EL48.DE tracks iBoxx® EUR Liquid Germany Covered Diversified, while D6RQ.DE tracks MSCI USA Climate Change ESG Select. Their fees differ too: 0.09% for EL48.DE and 0.25% for D6RQ.DE.
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