EL48.DE vs. JER5.DE
EL48.DE (Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF) and JER5.DE (JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF) are both European Corporate Bonds funds - EL48.DE tracks the iBoxx® EUR Liquid Germany Covered Diversified while JER5.DE tracks the JP Morgan EUR Corporate Bond 1-5 Research Enhanced Index (ESG). Both are passively managed. Over the past 5 years, EL48.DE returned -1.32%/yr vs 1.14%/yr for JER5.DE. A 0.57 correlation means they provide meaningful diversification when combined. EL48.DE charges 0.09%/yr vs 0.04%/yr for JER5.DE.
Performance
EL48.DE vs. JER5.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 JER5.DE's 0.48% 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%
JER5.DE
- 1D
- 0.06%
- 1M
- 0.25%
- YTD
- 0.48%
- 6M
- 0.48%
- 1Y
- 2.20%
- 3Y*
- 4.31%
- 5Y*
- 1.14%
- 10Y*
- —
EL48.DE vs. JER5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EL48.DE Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF | 0.11% | 2.29% | 2.95% | 5.23% | -14.85% | -2.18% | 1.63% | 2.29% | 0.34% |
JER5.DE JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF | 0.48% | 3.43% | 4.31% | 6.22% | -7.82% | -0.27% | 0.75% | 2.43% | 0.19% |
Correlation
The correlation between EL48.DE and JER5.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.57 |
The correlation between EL48.DE and JER5.DE shifts across timeframes, from 0.50 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL48.DE vs. JER5.DE — Risk / Return Rank
EL48.DE
JER5.DE
EL48.DE vs. JER5.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 JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (JER5.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 | JER5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.21 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 1.04 | -0.74 |
| Martin ratioReturn relative to average drawdown | 0.77 | 3.74 | -2.97 |
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 | JER5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 1.05 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.44 | -0.77 |
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 | 0.39 | -0.24 |
Drawdowns
EL48.DE vs. JER5.DE - Drawdown Comparison
The maximum EL48.DE drawdown since its inception was -18.24%, which is greater than JER5.DE's maximum drawdown of -10.17%. Use the drawdown chart below to compare losses from any high point for EL48.DE and JER5.DE.
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Drawdown Indicators
| EL48.DE | JER5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.24% | -10.17% | -8.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -1.98% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -2.22% | -1.98% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -17.05% | -10.17% | -6.88% |
Max Drawdown (10Y)Largest decline over 10 years | -18.24% | — | — |
Current DrawdownCurrent decline from peak | -8.55% | -0.46% | -8.09% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -2.25% | -2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.55% | +0.30% |
Volatility
EL48.DE vs. JER5.DE - Volatility Comparison
Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF (EL48.DE) has a higher volatility of 1.04% compared to JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (JER5.DE) at 0.58%. This indicates that EL48.DE's price experiences larger fluctuations and is considered to be riskier than JER5.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 | JER5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 0.58% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 1.73% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.49% | 1.96% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 2.55% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.60% | 3.10% | +0.50% |
EL48.DE vs. JER5.DE - Expense Ratio Comparison
EL48.DE has a 0.09% expense ratio, which is higher than JER5.DE's 0.04% expense ratio. However, 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. JER5.DE - Dividend Comparison
EL48.DE's dividend yield for the trailing twelve months is around 2.07%, while JER5.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
JER5.DE JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF | 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 JER5.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JER5.DE is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JER5.DE is cheaper with a 0.04% expense ratio, compared with 0.09% for EL48.DE.
EL48.DE tracks iBoxx® EUR Liquid Germany Covered Diversified, while JER5.DE tracks JP Morgan EUR Corporate Bond 1-5 Research Enhanced Index (ESG). They also come from different issuers: Deka and JPMorgan. Their fees differ too: 0.09% for EL48.DE and 0.04% for JER5.DE.
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