EL48.DE vs. LCVB.DE
EL48.DE (Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF) and LCVB.DE (Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist) are both European Corporate Bonds funds - EL48.DE tracks the iBoxx® EUR Liquid Germany Covered Diversified while LCVB.DE tracks the iBoxx® MSCI ESG EUR Corporates 0-1. Both are passively managed. Over the past 10 years, EL48.DE returned -0.41%/yr vs -0.35%/yr for LCVB.DE. At a 0.48 correlation, their price movements are largely independent. EL48.DE charges 0.09%/yr vs 0.08%/yr for LCVB.DE.
Performance
EL48.DE vs. LCVB.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 LCVB.DE's 0.94% return. Over the past 10 years, EL48.DE has underperformed LCVB.DE with an annualized return of -0.41%, while LCVB.DE has yielded a comparatively higher -0.35% annualized 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%
LCVB.DE
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 0.94%
- 6M
- -0.40%
- 1Y
- 0.67%
- 3Y*
- 1.93%
- 5Y*
- -1.08%
- 10Y*
- -0.35%
EL48.DE vs. LCVB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.33% | 0.04% |
LCVB.DE Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist | 0.94% | 0.95% | 2.69% | 2.15% | -10.56% | -1.94% | 1.32% | 1.70% | -0.05% | 0.35% |
Correlation
The correlation between EL48.DE and LCVB.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2010 | 0.48 |
Over the past year, the correlation between EL48.DE and LCVB.DE has dropped to 0.12 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
EL48.DE vs. LCVB.DE — Risk / Return Rank
EL48.DE
LCVB.DE
EL48.DE vs. LCVB.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 Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist (LCVB.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 | LCVB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.19 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.47 | -0.17 |
| Martin ratioReturn relative to average drawdown | 0.77 | 1.00 | -0.23 |
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 | LCVB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.44 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | -0.39 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.14 | -0.14 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.57 | -0.43 |
Drawdowns
EL48.DE vs. LCVB.DE - Drawdown Comparison
The maximum EL48.DE drawdown since its inception was -18.24%, which is greater than LCVB.DE's maximum drawdown of -14.50%. Use the drawdown chart below to compare losses from any high point for EL48.DE and LCVB.DE.
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Drawdown Indicators
| EL48.DE | LCVB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.24% | -14.50% | -3.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -1.44% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -2.22% | -1.44% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -17.05% | -13.73% | -3.32% |
Max Drawdown (10Y)Largest decline over 10 years | -18.24% | -14.50% | -3.74% |
Current DrawdownCurrent decline from peak | -8.55% | -6.79% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -3.13% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.68% | +0.17% |
Volatility
EL48.DE vs. LCVB.DE - Volatility Comparison
Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF (EL48.DE) has a higher volatility of 1.04% compared to Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist (LCVB.DE) at 0.10%. This indicates that EL48.DE's price experiences larger fluctuations and is considered to be riskier than LCVB.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 | LCVB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 0.10% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 1.51% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.49% | 1.55% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 2.75% | +1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.60% | 2.54% | +1.06% |
EL48.DE vs. LCVB.DE - Expense Ratio Comparison
EL48.DE has a 0.09% expense ratio, which is higher than LCVB.DE's 0.08% 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. LCVB.DE - Dividend Comparison
EL48.DE's dividend yield for the trailing twelve months is around 2.07%, while LCVB.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% |
LCVB.DE Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist | 0.00% | 0.00% | 0.00% | 0.00% | 0.51% | 0.82% | 1.26% | 1.51% | 1.80% | 2.86% | 0.31% | 0.49% |
Frequently Asked Questions
EL48.DE and LCVB.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LCVB.DE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCVB.DE is cheaper with a 0.08% expense ratio, compared with 0.09% for EL48.DE.
EL48.DE tracks iBoxx® EUR Liquid Germany Covered Diversified, while LCVB.DE tracks iBoxx® MSCI ESG EUR Corporates 0-1. They also come from different issuers: Deka and Amundi. Their fees differ too: 0.09% for EL48.DE and 0.08% for LCVB.DE.
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