EL49.DE vs. VECP.DE
EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) and VECP.DE (Vanguard EUR Corporate Bond UCITS ETF Distributing) are both European Corporate Bonds funds - EL49.DE tracks the iBoxx® EUR Liquid Corporates Diversified while VECP.DE tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, EL49.DE returned 0.04%/yr vs 0.24%/yr for VECP.DE. A 0.79 correlation means they provide meaningful diversification when combined. EL49.DE charges 0.20%/yr vs 0.09%/yr for VECP.DE.
Performance
EL49.DE vs. VECP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL49.DE achieves a 1.34% return, which is significantly higher than VECP.DE's 1.23% return.
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%
VECP.DE
- 1D
- 0.08%
- 1M
- 0.80%
- YTD
- 1.23%
- 6M
- 1.38%
- 1Y
- 2.50%
- 3Y*
- 4.74%
- 5Y*
- 0.24%
- 10Y*
- —
EL49.DE vs. VECP.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 | 1.34% | 2.66% | 4.07% | 7.13% | -13.34% | -1.13% | 1.79% | 5.80% | -1.28% | 0.01% |
VECP.DE Vanguard EUR Corporate Bond UCITS ETF Distributing | 1.23% | 3.02% | 4.33% | 7.51% | -13.44% | -0.99% | 2.69% | 6.01% | -1.10% | -0.23% |
Correlation
The correlation between EL49.DE and VECP.DE is 0.77, 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 | 0.77 |
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 Oct 26, 2017 | 0.79 |
The correlation between EL49.DE and VECP.DE has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
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Return for Risk
EL49.DE vs. VECP.DE — Risk / Return Rank
EL49.DE
VECP.DE
EL49.DE vs. VECP.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 Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.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 | VECP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.14 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 0.94 | -0.25 |
| Martin ratioReturn relative to average drawdown | 2.26 | 3.20 | -0.94 |
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Drawdowns
EL49.DE vs. VECP.DE - Drawdown Comparison
The maximum EL49.DE drawdown since its inception was -16.78%, roughly equal to the maximum VECP.DE drawdown of -17.13%. Use the drawdown chart below to compare losses from any high point for EL49.DE and VECP.DE.
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Drawdown Indicators
| EL49.DE | VECP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.78% | -17.13% | +0.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -2.64% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -3.06% | -2.64% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -16.78% | -17.13% | +0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -16.78% | — | — |
Current DrawdownCurrent decline from peak | -1.04% | -0.31% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -3.01% | -4.52% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.78% | +0.16% |
Volatility
EL49.DE vs. VECP.DE - Volatility Comparison
Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) has a higher volatility of 0.97% compared to Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.DE) at 0.83%. This indicates that EL49.DE's price experiences larger fluctuations and is considered to be riskier than VECP.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 | VECP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 0.83% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.43% | 2.77% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 3.20% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 4.51% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.21% | 5.07% | +0.14% |
EL49.DE vs. VECP.DE - Expense Ratio Comparison
EL49.DE has a 0.20% expense ratio, which is higher than VECP.DE's 0.09% 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. VECP.DE - Dividend Comparison
EL49.DE's dividend yield for the trailing twelve months is around 3.46%, more than VECP.DE's 3.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 3.46% | 3.50% | 3.24% | 3.04% | 0.75% | 0.69% | 0.69% | 0.88% | 0.75% | 1.15% | 1.52% | 1.82% |
VECP.DE Vanguard EUR Corporate Bond UCITS ETF Distributing | 3.39% | 3.43% | 3.37% | 2.81% | 1.04% | 0.61% | 0.60% | 0.79% | 0.97% | 0.19% | 0.00% | 0.00% |
Frequently Asked Questions
EL49.DE and VECP.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VECP.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VECP.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for EL49.DE.
EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified, while VECP.DE tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: Deka and Vanguard. Their fees differ too: 0.20% for EL49.DE and 0.09% for VECP.DE.
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