EL49.DE vs. LDCE.DE
EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) and LDCE.DE (PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist) are both European Corporate Bonds funds - EL49.DE tracks the iBoxx® EUR Liquid Corporates Diversified while LDCE.DE tracks the PIMCO Low Duration Euro Corporate Bond. Both are passively managed. Over the past 10 years, EL49.DE returned 0.63%/yr vs 1.27%/yr for LDCE.DE. A 0.57 correlation means they provide meaningful diversification when combined. EL49.DE charges 0.20%/yr vs 0.49%/yr for LDCE.DE.
Performance
EL49.DE vs. LDCE.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 LDCE.DE's 0.33% return. Over the past 10 years, EL49.DE has underperformed LDCE.DE with an annualized return of 0.63%, while LDCE.DE has yielded a comparatively higher 1.27% 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%
LDCE.DE
- 1D
- 0.27%
- 1M
- 0.32%
- YTD
- 0.33%
- 6M
- 0.20%
- 1Y
- 2.24%
- 3Y*
- 4.78%
- 5Y*
- 1.27%
- 10Y*
- 1.27%
EL49.DE vs. LDCE.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% |
LDCE.DE PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist | 0.33% | 4.19% | 4.68% | 6.54% | -8.43% | 0.32% | 1.14% | 2.80% | -0.73% | 0.97% |
Correlation
The correlation between EL49.DE and LDCE.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2014 | 0.57 |
The correlation between EL49.DE and LDCE.DE shifts across timeframes, from 0.49 (1 year) to 0.70 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL49.DE vs. LDCE.DE — Risk / Return Rank
EL49.DE
LDCE.DE
EL49.DE vs. LDCE.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 PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist (LDCE.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 | LDCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.13 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 0.81 | -0.35 |
| Martin ratioReturn relative to average drawdown | 1.52 | 2.69 | -1.17 |
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 | LDCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 0.67 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.44 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.51 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.60 | -0.13 |
Drawdowns
EL49.DE vs. LDCE.DE - Drawdown Comparison
The maximum EL49.DE drawdown since its inception was -16.77%, which is greater than LDCE.DE's maximum drawdown of -11.07%. Use the drawdown chart below to compare losses from any high point for EL49.DE and LDCE.DE.
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Drawdown Indicators
| EL49.DE | LDCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.77% | -11.07% | -5.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -2.63% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -3.05% | -2.63% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -16.77% | -11.07% | -5.70% |
Max Drawdown (10Y)Largest decline over 10 years | -16.77% | -11.07% | -5.70% |
Current DrawdownCurrent decline from peak | -1.87% | -0.77% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -1.75% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.79% | +0.13% |
Volatility
EL49.DE vs. LDCE.DE - Volatility Comparison
Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) has a higher volatility of 1.28% compared to PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist (LDCE.DE) at 1.19%. This indicates that EL49.DE's price experiences larger fluctuations and is considered to be riskier than LDCE.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 | LDCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 1.19% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 2.71% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 3.18% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 2.88% | +2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.25% | 2.45% | +2.80% |
EL49.DE vs. LDCE.DE - Expense Ratio Comparison
EL49.DE has a 0.20% expense ratio, which is lower than LDCE.DE's 0.49% expense ratio.
Dividends
EL49.DE vs. LDCE.DE - Dividend Comparison
EL49.DE's dividend yield for the trailing twelve months is around 3.49%, more than LDCE.DE's 3.37% 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% |
LDCE.DE PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist | 3.37% | 3.22% | 2.73% | 1.72% | 0.94% | 0.51% | 0.51% | 0.63% | 0.65% | 0.71% | 0.95% | 0.93% |
Frequently Asked Questions
EL49.DE and LDCE.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL49.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL49.DE is cheaper with a 0.20% expense ratio, compared with 0.49% for LDCE.DE.
EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified, while LDCE.DE tracks PIMCO Low Duration Euro Corporate Bond. They also come from different issuers: Deka and PIMCO. Their fees differ too: 0.20% for EL49.DE and 0.49% for LDCE.DE.
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