EL48.DE vs. SYBQ.DE
EL48.DE (Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF) and SYBQ.DE (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) are both European Corporate Bonds funds - EL48.DE tracks the iBoxx® EUR Liquid Germany Covered Diversified while SYBQ.DE tracks the Bloomberg Sterling Corporate Bond 0-5. Both are passively managed. Over the past 10 years, EL48.DE returned -0.41%/yr vs 1.36%/yr for SYBQ.DE. At a 0.19 correlation, their price movements are largely independent. EL48.DE charges 0.09%/yr vs 0.20%/yr for SYBQ.DE.
Performance
EL48.DE vs. SYBQ.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 SYBQ.DE's 1.59% return. Over the past 10 years, EL48.DE has underperformed SYBQ.DE with an annualized return of -0.41%, while SYBQ.DE has yielded a comparatively higher 1.36% 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%
SYBQ.DE
- 1D
- 0.02%
- 1M
- 0.37%
- YTD
- 1.59%
- 6M
- 2.26%
- 1Y
- 1.88%
- 3Y*
- 6.11%
- 5Y*
- 2.31%
- 10Y*
- 1.36%
EL48.DE vs. SYBQ.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% |
SYBQ.DE SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | 1.59% | 1.45% | 9.71% | 9.39% | -10.87% | 6.77% | -2.67% | 10.78% | -2.02% | -1.92% |
Correlation
The correlation between EL48.DE and SYBQ.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2014 | 0.19 |
The correlation between EL48.DE and SYBQ.DE shifts across timeframes, from 0.19 (all time) to 0.36 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL48.DE vs. SYBQ.DE — Risk / Return Rank
EL48.DE
SYBQ.DE
EL48.DE vs. SYBQ.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 SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SYBQ.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 | SYBQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.07 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.75 | -0.45 |
| Martin ratioReturn relative to average drawdown | 0.77 | 1.64 | -0.87 |
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 | SYBQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.40 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.35 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.14 | 0.08 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.08 | +0.07 |
Drawdowns
EL48.DE vs. SYBQ.DE - Drawdown Comparison
The maximum EL48.DE drawdown since its inception was -18.24%, smaller than the maximum SYBQ.DE drawdown of -29.32%. Use the drawdown chart below to compare losses from any high point for EL48.DE and SYBQ.DE.
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Drawdown Indicators
| EL48.DE | SYBQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.24% | -29.32% | +11.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -2.51% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -2.22% | -5.48% | +3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -17.05% | -16.50% | -0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -18.24% | -20.63% | +2.39% |
Current DrawdownCurrent decline from peak | -8.55% | -0.44% | -8.11% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -9.11% | +4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.15% | -0.30% |
Volatility
EL48.DE vs. SYBQ.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF (EL48.DE) is 1.04%, while SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SYBQ.DE) has a volatility of 1.77%. This indicates that EL48.DE experiences smaller price fluctuations and is considered to be less risky than SYBQ.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 | SYBQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 1.77% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 3.55% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.49% | 4.75% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 6.45% | -1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.60% | 17.58% | -13.98% |
EL48.DE vs. SYBQ.DE - Expense Ratio Comparison
EL48.DE has a 0.09% expense ratio, which is lower than SYBQ.DE's 0.20% 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. SYBQ.DE - Dividend Comparison
EL48.DE's dividend yield for the trailing twelve months is around 2.07%, less than SYBQ.DE's 4.67% yield.
| 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% |
SYBQ.DE SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | 4.67% | 4.72% | 4.31% | 3.04% | 1.88% | 1.71% | 2.04% | 1.84% | 1.92% | 2.48% | 2.57% | 2.58% |
Frequently Asked Questions
EL48.DE and SYBQ.DE have a correlation of 0.28, 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 0.20% for SYBQ.DE.
EL48.DE tracks iBoxx® EUR Liquid Germany Covered Diversified, while SYBQ.DE tracks Bloomberg Sterling Corporate Bond 0-5. They also come from different issuers: Deka and State Street. Their fees differ too: 0.09% for EL48.DE and 0.20% for SYBQ.DE.
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