EL49.DE vs. EUN5.DE
EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) and EUN5.DE (iShares Core EUR Corporate Bond UCITS ETF (Dist)) are both European Corporate Bonds funds - EL49.DE tracks the iBoxx® EUR Liquid Corporates Diversified while EUN5.DE tracks the Bloomberg Euro Corporate Bond. Both are passively managed. Over the past 10 years, EL49.DE returned 0.63%/yr vs 1.02%/yr for EUN5.DE. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
EL49.DE vs. EUN5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL49.DE achieves a 0.49% return, which is significantly lower than EUN5.DE's 0.53% return. Over the past 10 years, EL49.DE has underperformed EUN5.DE with an annualized return of 0.63%, while EUN5.DE has yielded a comparatively higher 1.02% annualized return.
EL49.DE
- 1D
- 0.02%
- 1M
- 0.35%
- YTD
- 0.49%
- 6M
- 0.22%
- 1Y
- 1.76%
- 3Y*
- 4.31%
- 5Y*
- -0.16%
- 10Y*
- 0.63%
EUN5.DE
- 1D
- 0.05%
- 1M
- 0.36%
- YTD
- 0.53%
- 6M
- 0.49%
- 1Y
- 2.22%
- 3Y*
- 4.59%
- 5Y*
- 0.06%
- 10Y*
- 1.02%
EL49.DE vs. EUN5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 0.49% | 2.66% | 4.06% | 7.13% | -13.01% | -1.51% | 1.80% | 5.80% | -1.28% | 0.93% |
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 0.53% | 3.02% | 4.38% | 7.49% | -13.40% | -1.05% | 2.58% | 6.31% | -1.47% | 2.15% |
Correlation
The correlation between EL49.DE and EUN5.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2010 | 0.75 |
The correlation between EL49.DE and EUN5.DE shifts across timeframes, from 0.75 (all time) to 0.87 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL49.DE vs. EUN5.DE — Risk / Return Rank
EL49.DE
EUN5.DE
EL49.DE vs. EUN5.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 iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.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.
| EL49.DE | EUN5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.11 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 0.69 | -0.23 |
| Martin ratioReturn relative to average drawdown | 1.52 | 2.40 | -0.88 |
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
| EL49.DE | EUN5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 0.57 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.01 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.22 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.47 | 0.00 |
Drawdowns
EL49.DE vs. EUN5.DE - Drawdown Comparison
The maximum EL49.DE drawdown since its inception was -16.77%, roughly equal to the maximum EUN5.DE drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for EL49.DE and EUN5.DE.
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Drawdown Indicators
| EL49.DE | EUN5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.77% | -17.31% | +0.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -2.71% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -3.05% | -2.71% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -16.77% | -17.31% | +0.54% |
Max Drawdown (10Y)Largest decline over 10 years | -16.77% | -17.31% | +0.54% |
Current DrawdownCurrent decline from peak | -1.87% | -1.08% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -3.15% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.78% | +0.14% |
Volatility
EL49.DE vs. EUN5.DE - Volatility Comparison
Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) has a higher volatility of 1.28% compared to iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.DE) at 1.08%. This indicates that EL49.DE's price experiences larger fluctuations and is considered to be riskier than EUN5.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 | EUN5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 1.08% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 2.86% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 3.27% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 4.49% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.25% | 4.55% | +0.70% |
EL49.DE vs. EUN5.DE - Expense Ratio Comparison
Both EL49.DE and EUN5.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EL49.DE vs. EUN5.DE - Dividend Comparison
EL49.DE's dividend yield for the trailing twelve months is around 3.49%, more than EUN5.DE's 3.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 3.49% | 3.50% | 3.24% | 3.04% | 0.75% | 0.69% | 0.69% | 0.88% | 0.75% | 1.15% | 1.52% | 1.82% |
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 3.33% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
Frequently Asked Questions
EL49.DE and EUN5.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EL49.DE and EUN5.DE have the same expense ratio: 0.20% per year.
EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified, while EUN5.DE tracks Bloomberg Euro Corporate Bond. They also come from different issuers: Deka and iShares.
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