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EL49.DE vs. XLIQ.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EL49.DE vs. XLIQ.DE

Last updated Jun 5, 2026

EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) and XLIQ.DE (Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF) are both European Corporate Bonds funds - EL49.DE tracks the iBoxx® EUR Liquid Corporates Diversified while XLIQ.DE tracks the iBoxx® EUR Liquid Covered Bond. Both are passively managed. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

EL49.DE vs. XLIQ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) and Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF (XLIQ.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

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%

XLIQ.DE

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EL49.DE vs. XLIQ.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
XLIQ.DE
Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF		0.27%1.87%2.30%6.61%-18.10%-3.39%2.42%5.38%-0.44%0.76%

Correlation

The correlation between EL49.DE and XLIQ.DE is 0.66, 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

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.42

Correlation (5Y)
Calculated over the trailing 5-year period

0.42

Correlation (10Y)
Calculated over the trailing 10-year period

0.33

Correlation (All Time)
Calculated using the full available price history since Feb 4, 2014

0.31

Over the past year, EL49.DE and XLIQ.DE have become more correlated (0.66) than their long-term average of 0.31, meaning their price movements have been converging.

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Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF

Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF

Often compared with EL49.DE:
EL49.DE vs. VOOEL49.DE vs. PR1C.DEEL49.DE vs. D6RP.DEEL49.DE vs. IE3E.DEEL49.DE vs. D6RQ.DEEL49.DE vs. EL4F.DEEL49.DE vs. SPPS.DE
Often compared with XLIQ.DE:
XLIQ.DE vs. CWBXLIQ.DE vs. ECR3.DEXLIQ.DE vs. IE3E.DEXLIQ.DE vs. EFRN.DEXLIQ.DE vs. JER5.DEXLIQ.DE vs. IB26.DEXLIQ.DE vs. ECR1.DE

Return for Risk

EL49.DE vs. XLIQ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EL49.DE
EL49.DE Risk / Return Rank: 1515
Overall Rank
EL49.DE Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
EL49.DE Sortino Ratio Rank: 1414
Sortino Ratio Rank
EL49.DE Omega Ratio Rank: 1414
Omega Ratio Rank
EL49.DE Calmar Ratio Rank: 1515
Calmar Ratio Rank
EL49.DE Martin Ratio Rank: 1616
Martin Ratio Rank
XLIQ.DE
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EL49.DE vs. XLIQ.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 Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF (XLIQ.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.DEXLIQ.DEDifference
Sharpe ratioReturn per unit of total volatility
0.36

—

—

Sortino ratioReturn per unit of downside risk
0.57

—

—

Omega ratioGain probability vs. loss probability

1.07

—

—

Calmar ratioReturn relative to maximum drawdown

0.46

—

—

Martin ratioReturn relative to average drawdown

1.52

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EL49.DE vs. XLIQ.DE - Sharpe Ratio Comparison

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Sharpe Ratios by Period

EL49.DEXLIQ.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.36

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.03

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.12

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

—

—

Drawdowns

EL49.DE vs. XLIQ.DE - Drawdown Comparison

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Drawdown Indicators

EL49.DEXLIQ.DEDifference

Max Drawdown

Largest peak-to-trough decline

-16.77%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-3.05%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-3.05%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-16.77%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-16.77%

—

—

Current Drawdown

Current decline from peak

-1.87%

—

—

Average Drawdown

Average peak-to-trough decline

-3.21%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.92%

—

—

Volatility

EL49.DE vs. XLIQ.DE - Volatility Comparison

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Volatility by Period

EL49.DEXLIQ.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.28%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

3.42%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

3.85%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.88%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.25%

—

—

EL49.DE vs. XLIQ.DE - Expense Ratio Comparison

Both EL49.DE and XLIQ.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. XLIQ.DE - Dividend Comparison

EL49.DE's dividend yield for the trailing twelve months is around 3.49%, while XLIQ.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
XLIQ.DE
Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EL49.DE and XLIQ.DE have a correlation of 0.66, 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 XLIQ.DE have the same expense ratio: 0.20% per year.

EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified, while XLIQ.DE tracks iBoxx® EUR Liquid Covered Bond. They also come from different issuers: Deka and Xtrackers.

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