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EL48.DE vs. IG35.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EL48.DE vs. IG35.DE

Last updated Jun 5, 2026

EL48.DE (Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF) and IG35.DE (iShares iBonds December 2035 Term EUR Corporate UCITS ETF (Acc)) are both European Corporate Bonds funds - EL48.DE tracks the iBoxx® EUR Liquid Germany Covered Diversified while IG35.DE tracks the Bloomberg MSCI December 2035 Maturity EUR Corporate ESG Screened Index. Both are passively managed. A 0.59 correlation means they provide meaningful diversification when combined. EL48.DE charges 0.09%/yr vs 0.12%/yr for IG35.DE.

Performance

EL48.DE vs. IG35.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF (EL48.DE) and iShares iBonds December 2035 Term EUR Corporate UCITS ETF (Acc) (IG35.DE). The values are adjusted to include any dividend payments, if applicable.

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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 IG35.DE's 0.90% 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%

IG35.DE

1D
0.25%
1M
0.47%
YTD
0.90%
6M
0.78%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EL48.DE vs. IG35.DE - Yearly Performance Comparison

2026 (YTD)2025
EL48.DE
Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF		0.11%-0.35%
IG35.DE
iShares iBonds December 2035 Term EUR Corporate UCITS ETF (Acc)		0.90%-0.54%

Correlation

The correlation between EL48.DE and IG35.DE is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (All Time)
Calculated using the full available price history since Oct 15, 2025

0.59

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Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF

iShares iBonds December 2035 Term EUR Corporate UCITS ETF (Acc)

Often compared with EL48.DE:
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Often compared with IG35.DE:
IG35.DE vs. IBCS.DEIG35.DE vs. EUN5.DEIG35.DE vs. JREB.DEIG35.DE vs. COVR.DEIG35.DE vs. PR1C.DEIG35.DE vs. EFRN.DEIG35.DE vs. SYBD.DE

Return for Risk

EL48.DE vs. IG35.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EL48.DE
EL48.DE Risk / Return Rank: 1212
Overall Rank
EL48.DE Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
EL48.DE Sortino Ratio Rank: 1212
Sortino Ratio Rank
EL48.DE Omega Ratio Rank: 1212
Omega Ratio Rank
EL48.DE Calmar Ratio Rank: 1313
Calmar Ratio Rank
EL48.DE Martin Ratio Rank: 1313
Martin Ratio Rank
IG35.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.

EL48.DE vs. IG35.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 iShares iBonds December 2035 Term EUR Corporate UCITS ETF (Acc) (IG35.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.DEIG35.DEDifference
Sharpe ratioReturn per unit of total volatility
0.27

—

—

Sortino ratioReturn per unit of downside risk
0.39

—

—

Omega ratioGain probability vs. loss probability

1.05

—

—

Calmar ratioReturn relative to maximum drawdown

0.30

—

—

Martin ratioReturn relative to average drawdown

0.77

—

—

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

EL48.DE vs. IG35.DE - Sharpe Ratio Comparison

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Sharpe Ratios by Period

EL48.DEIG35.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.27

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.33

—

—

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

0.11

+0.04

Drawdowns

EL48.DE vs. IG35.DE - Drawdown Comparison

The maximum EL48.DE drawdown since its inception was -18.24%, which is greater than IG35.DE's maximum drawdown of -4.08%. Use the drawdown chart below to compare losses from any high point for EL48.DE and IG35.DE.

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Drawdown Indicators

EL48.DEIG35.DEDifference

Max Drawdown

Largest peak-to-trough decline

-18.24%

-4.08%

-14.16%

Max Drawdown (1Y)

Largest decline over 1 year

-2.22%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-2.22%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-17.05%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-18.24%

—

—

Current Drawdown

Current decline from peak

-8.55%

-1.08%

-7.47%

Average Drawdown

Average peak-to-trough decline

-4.43%

-1.38%

-3.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.85%

—

—

Volatility

EL48.DE vs. IG35.DE - Volatility Comparison

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Volatility by Period

EL48.DEIG35.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.04%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

2.08%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

2.49%

5.22%

-2.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.47%

5.22%

-0.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.60%

5.22%

-1.62%

EL48.DE vs. IG35.DE - Expense Ratio Comparison

EL48.DE has a 0.09% expense ratio, which is lower than IG35.DE's 0.12% 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. IG35.DE - Dividend Comparison

EL48.DE's dividend yield for the trailing twelve months is around 2.07%, while IG35.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
IG35.DE
iShares iBonds December 2035 Term EUR Corporate UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EL48.DE and IG35.DE have a correlation of 0.59, 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 0.12% for IG35.DE.

EL48.DE tracks iBoxx® EUR Liquid Germany Covered Diversified, while IG35.DE tracks Bloomberg MSCI December 2035 Maturity EUR Corporate ESG Screened Index. They also come from different issuers: Deka and iShares. Their fees differ too: 0.09% for EL48.DE and 0.12% for IG35.DE.

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