EL49.DE vs. 4UBF.DE
EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) and 4UBF.DE (UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc) are both European Corporate Bonds funds - EL49.DE tracks the iBoxx® EUR Liquid Corporates Diversified while 4UBF.DE tracks the Bloomberg MSCI Euro Area Liquid Corporates Sustainable. Both are passively managed. Over the past 5 years, EL49.DE returned 0.04%/yr vs -0.09%/yr for 4UBF.DE. Their correlation of 0.85 suggests significant overlap in exposure. EL49.DE charges 0.20%/yr vs 0.13%/yr for 4UBF.DE.
Performance
EL49.DE vs. 4UBF.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EL49.DE having a 1.34% return and 4UBF.DE slightly higher at 1.38%.
EL49.DE
- 1D
- 0.08%
- 1M
- 0.76%
- YTD
- 1.34%
- 6M
- 1.50%
- 1Y
- 2.12%
- 3Y*
- 4.59%
- 5Y*
- 0.04%
- 10Y*
- 0.71%
4UBF.DE
- 1D
- 0.00%
- 1M
- 0.56%
- YTD
- 1.38%
- 6M
- 1.46%
- 1Y
- 2.46%
- 3Y*
- 5.09%
- 5Y*
- -0.09%
- 10Y*
- —
EL49.DE vs. 4UBF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 1.34% | 2.66% | 4.07% | 7.13% | -13.34% | -0.49% |
4UBF.DE UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc | 1.38% | 3.23% | 4.51% | 8.22% | -15.67% | -0.31% |
Correlation
The correlation between EL49.DE and 4UBF.DE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2021 | 0.85 |
The correlation between EL49.DE and 4UBF.DE shifts across timeframes, from 0.73 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL49.DE vs. 4UBF.DE — Risk / Return Rank
EL49.DE
4UBF.DE
EL49.DE vs. 4UBF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) and UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EL49.DE | 4UBF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.12 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 0.86 | -0.17 |
| Martin ratioReturn relative to average drawdown | 2.26 | 2.79 | -0.53 |
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Drawdowns
EL49.DE vs. 4UBF.DE - Drawdown Comparison
The maximum EL49.DE drawdown since its inception was -16.78%, smaller than the maximum 4UBF.DE drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for EL49.DE and 4UBF.DE.
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Drawdown Indicators
| EL49.DE | 4UBF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.78% | -19.99% | +3.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -2.88% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -3.06% | -2.88% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.78% | -19.99% | +3.21% |
Max Drawdown (10Y)Largest decline over 10 years | -16.78% | — | — |
Current DrawdownCurrent decline from peak | -1.04% | -2.18% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -3.01% | -8.47% | +5.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.88% | +0.06% |
Volatility
EL49.DE vs. 4UBF.DE - Volatility Comparison
Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) has a higher volatility of 0.97% compared to UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.DE) at 0.79%. This indicates that EL49.DE's price experiences larger fluctuations and is considered to be riskier than 4UBF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL49.DE | 4UBF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 0.79% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.43% | 3.03% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 3.68% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 5.09% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.21% | 5.00% | +0.21% |
EL49.DE vs. 4UBF.DE - Expense Ratio Comparison
EL49.DE has a 0.20% expense ratio, which is higher than 4UBF.DE's 0.13% 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
EL49.DE vs. 4UBF.DE - Dividend Comparison
EL49.DE's dividend yield for the trailing twelve months is around 3.46%, while 4UBF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
4UBF.DE UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) 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% |
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 3.46% | 3.50% | 3.24% | 3.04% | 0.75% | 0.69% | 0.69% | 0.88% | 0.75% | 1.15% | 1.52% | 1.82% |
Frequently Asked Questions
EL49.DE and 4UBF.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4UBF.DE is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4UBF.DE is cheaper with a 0.13% expense ratio, compared with 0.20% for EL49.DE.
EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified, while 4UBF.DE tracks Bloomberg MSCI Euro Area Liquid Corporates Sustainable. They also come from different issuers: Deka and UBS. Their fees differ too: 0.20% for EL49.DE and 0.13% for 4UBF.DE.
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