EL49.DE vs. EXHE.DE
EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) and EXHE.DE (iShares Pfandbriefe UCITS ETF (DE)) are both European Corporate Bonds funds - EL49.DE tracks the iBoxx® EUR Liquid Corporates Diversified while EXHE.DE tracks the iBoxx® Pfandbriefe. Both are passively managed. Over the past 10 years, EL49.DE returned 0.63%/yr vs -0.20%/yr for EXHE.DE. A 0.60 correlation means they provide meaningful diversification when combined. EL49.DE charges 0.20%/yr vs 0.10%/yr for EXHE.DE.
Performance
EL49.DE vs. EXHE.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 higher than EXHE.DE's 0.10% return. Over the past 10 years, EL49.DE has outperformed EXHE.DE with an annualized return of 0.63%, while EXHE.DE has yielded a comparatively lower -0.20% annualized return.
EL49.DE
- 1D
- 0.02%
- 1M
- 0.71%
- YTD
- 0.49%
- 6M
- 0.04%
- 1Y
- 1.39%
- 3Y*
- 4.31%
- 5Y*
- -0.16%
- 10Y*
- 0.63%
EXHE.DE
- 1D
- 0.02%
- 1M
- 0.44%
- YTD
- 0.10%
- 6M
- -0.03%
- 1Y
- 0.72%
- 3Y*
- 3.00%
- 5Y*
- -0.95%
- 10Y*
- -0.20%
EL49.DE vs. EXHE.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% |
EXHE.DE iShares Pfandbriefe UCITS ETF (DE) | 0.10% | 2.34% | 2.81% | 5.29% | -13.04% | -2.32% | 1.50% | 2.46% | 0.26% | 0.10% |
Correlation
The correlation between EL49.DE and EXHE.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2010 | 0.60 |
The correlation between EL49.DE and EXHE.DE shifts across timeframes, from 0.60 (all time) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL49.DE vs. EXHE.DE — Risk / Return Rank
EL49.DE
EXHE.DE
EL49.DE vs. EXHE.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 Pfandbriefe UCITS ETF (DE) (EXHE.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 | EXHE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.05 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 0.32 | +0.14 |
| Martin ratioReturn relative to average drawdown | 1.52 | 0.90 | +0.62 |
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 | EXHE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 0.30 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | -0.24 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | -0.06 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.42 | +0.05 |
Drawdowns
EL49.DE vs. EXHE.DE - Drawdown Comparison
The maximum EL49.DE drawdown since its inception was -16.77%, roughly equal to the maximum EXHE.DE drawdown of -16.57%. Use the drawdown chart below to compare losses from any high point for EL49.DE and EXHE.DE.
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Drawdown Indicators
| EL49.DE | EXHE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.77% | -16.57% | -0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -2.25% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -3.05% | -2.25% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -16.77% | -15.41% | -1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -16.77% | -16.57% | -0.20% |
Current DrawdownCurrent decline from peak | -1.87% | -6.77% | +4.90% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -3.37% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.80% | +0.12% |
Volatility
EL49.DE vs. EXHE.DE - Volatility Comparison
Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) has a higher volatility of 1.28% compared to iShares Pfandbriefe UCITS ETF (DE) (EXHE.DE) at 0.87%. This indicates that EL49.DE's price experiences larger fluctuations and is considered to be riskier than EXHE.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 | EXHE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 0.87% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 2.00% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 2.42% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 3.88% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.25% | 3.16% | +2.09% |
EL49.DE vs. EXHE.DE - Expense Ratio Comparison
EL49.DE has a 0.20% expense ratio, which is higher than EXHE.DE's 0.10% 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. EXHE.DE - Dividend Comparison
EL49.DE's dividend yield for the trailing twelve months is around 3.49%, more than EXHE.DE's 1.67% 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% |
EXHE.DE iShares Pfandbriefe UCITS ETF (DE) | 1.67% | 1.61% | 1.34% | 0.88% | 0.38% | 0.33% | 0.39% | 0.53% | 0.61% | 0.89% | 1.14% | 1.75% |
Frequently Asked Questions
EL49.DE and EXHE.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXHE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXHE.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for EL49.DE.
EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified, while EXHE.DE tracks iBoxx® Pfandbriefe. They also come from different issuers: Deka and iShares. Their fees differ too: 0.20% for EL49.DE and 0.10% for EXHE.DE.
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