EL4L.DE vs. EL49.DE
EL4L.DE (Deka iBoxx EUR Liquid Sovereign Diversified 1-3 UCITS ETF) and EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) are both exchange-traded funds - EL4L.DE is a European Government Bonds fund tracking the iBoxx® EUR Liquid Sovereigns Diversified 1-3, while EL49.DE is a European Corporate Bonds fund tracking the iBoxx® EUR Liquid Corporates Diversified. Both are passively managed. Over the past 10 years, EL4L.DE returned 0.07%/yr vs 0.63%/yr for EL49.DE. At a 0.47 correlation, their price movements are largely independent. EL4L.DE charges 0.15%/yr vs 0.20%/yr for EL49.DE.
Performance
EL4L.DE vs. EL49.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4L.DE achieves a -0.08% return, which is significantly lower than EL49.DE's 0.49% return. Over the past 10 years, EL4L.DE has underperformed EL49.DE with an annualized return of 0.07%, while EL49.DE has yielded a comparatively higher 0.63% annualized return.
EL4L.DE
- 1D
- 0.01%
- 1M
- -0.01%
- YTD
- -0.08%
- 6M
- 0.05%
- 1Y
- 0.71%
- 3Y*
- 2.56%
- 5Y*
- 0.29%
- 10Y*
- 0.07%
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%
EL4L.DE vs. EL49.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4L.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-3 UCITS ETF | -0.08% | 2.34% | 2.62% | 3.63% | -6.25% | -0.92% | -0.04% | 0.22% | -0.09% | -0.55% |
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% |
Correlation
The correlation between EL4L.DE and EL49.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2010 | 0.47 |
Over the past year, EL4L.DE and EL49.DE have become more correlated (0.68) than their long-term average of 0.47, meaning their price movements have been converging.
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Return for Risk
EL4L.DE vs. EL49.DE — Risk / Return Rank
EL4L.DE
EL49.DE
EL4L.DE vs. EL49.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka iBoxx EUR Liquid Sovereign Diversified 1-3 UCITS ETF (EL4L.DE) and Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.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.
| EL4L.DE | EL49.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 | 1.06 | 1.07 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 0.46 | -0.13 |
| Martin ratioReturn relative to average drawdown | 0.97 | 1.52 | -0.55 |
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
| EL4L.DE | EL49.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 0.36 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | -0.03 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | 0.12 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.47 | +0.02 |
Drawdowns
EL4L.DE vs. EL49.DE - Drawdown Comparison
The maximum EL4L.DE drawdown since its inception was -8.73%, smaller than the maximum EL49.DE drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for EL4L.DE and EL49.DE.
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Drawdown Indicators
| EL4L.DE | EL49.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.73% | -16.77% | +8.04% |
Max Drawdown (1Y)Largest decline over 1 year | -1.61% | -3.05% | +1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -1.61% | -3.05% | +1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -7.75% | -16.77% | +9.02% |
Max Drawdown (10Y)Largest decline over 10 years | -8.73% | -16.77% | +8.04% |
Current DrawdownCurrent decline from peak | -0.84% | -1.87% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -3.21% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 0.92% | -0.38% |
Volatility
EL4L.DE vs. EL49.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Sovereign Diversified 1-3 UCITS ETF (EL4L.DE) is 0.58%, while Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) has a volatility of 1.28%. This indicates that EL4L.DE experiences smaller price fluctuations and is considered to be less risky than EL49.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4L.DE | EL49.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 1.28% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 1.46% | 3.42% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.71% | 3.85% | -2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.25% | 4.88% | -2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.70% | 5.25% | -3.55% |
EL4L.DE vs. EL49.DE - Expense Ratio Comparison
EL4L.DE has a 0.15% expense ratio, which is lower than EL49.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EL4L.DE vs. EL49.DE - Dividend Comparison
EL4L.DE's dividend yield for the trailing twelve months is around 1.65%, less than EL49.DE's 3.49% 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% |
EL4L.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-3 UCITS ETF | 1.65% | 1.36% | 1.37% | 0.26% | 0.34% | 0.41% | 0.51% | 1.07% | 0.69% | 1.55% | 1.58% | 1.85% |
Frequently Asked Questions
EL4L.DE and EL49.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4L.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4L.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for EL49.DE.
EL4L.DE is categorized as European Government Bonds, while EL49.DE is European Corporate Bonds. EL4L.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-3, while EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified. Their fees differ too: 0.15% for EL4L.DE and 0.20% for EL49.DE.
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