EL4X.DE vs. EL49.DE
EL4X.DE (Deka DAXplus Maximum Dividend UCITS ETF) and EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) are both exchange-traded funds - EL4X.DE is a Europe Equities fund tracking the DAXplus® Maximum Dividend, 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, EL4X.DE returned 2.29%/yr vs 0.63%/yr for EL49.DE. At a 0.09 correlation, their price movements are largely independent. EL4X.DE charges 0.30%/yr vs 0.20%/yr for EL49.DE.
Performance
EL4X.DE vs. EL49.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4X.DE achieves a 6.17% return, which is significantly higher than EL49.DE's 0.49% return. Over the past 10 years, EL4X.DE has outperformed EL49.DE with an annualized return of 2.29%, while EL49.DE has yielded a comparatively lower 0.63% annualized return.
EL4X.DE
- 1D
- 0.59%
- 1M
- -0.32%
- YTD
- 6.17%
- 6M
- 9.91%
- 1Y
- 6.78%
- 3Y*
- 9.31%
- 5Y*
- 2.45%
- 10Y*
- 2.29%
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%
EL4X.DE vs. EL49.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 6.17% | 14.14% | -1.45% | 26.38% | -20.06% | 9.02% | -2.95% | 11.71% | -18.87% | 5.70% |
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 EL4X.DE and EL49.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2010 | 0.09 |
Over the past year, EL4X.DE and EL49.DE have become more correlated (0.46) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
EL4X.DE vs. EL49.DE — Risk / Return Rank
EL4X.DE
EL49.DE
EL4X.DE vs. EL49.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka DAXplus Maximum Dividend UCITS ETF (EL4X.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.
| EL4X.DE | EL49.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.07 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 0.46 | +0.23 |
| Martin ratioReturn relative to average drawdown | 1.48 | 1.52 | -0.03 |
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
| EL4X.DE | EL49.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.36 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | -0.03 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | 0.12 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.47 | -0.18 |
Drawdowns
EL4X.DE vs. EL49.DE - Drawdown Comparison
The maximum EL4X.DE drawdown since its inception was -52.91%, which is greater than EL49.DE's maximum drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for EL4X.DE and EL49.DE.
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Drawdown Indicators
| EL4X.DE | EL49.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.91% | -16.77% | -36.14% |
Max Drawdown (1Y)Largest decline over 1 year | -9.87% | -3.05% | -6.82% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -3.05% | -13.55% |
Max Drawdown (5Y)Largest decline over 5 years | -34.51% | -16.77% | -17.74% |
Max Drawdown (10Y)Largest decline over 10 years | -52.91% | -16.77% | -36.14% |
Current DrawdownCurrent decline from peak | -2.74% | -1.87% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -12.17% | -3.21% | -8.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 0.92% | +3.64% |
Volatility
EL4X.DE vs. EL49.DE - Volatility Comparison
Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) has a higher volatility of 4.54% compared to Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) at 1.28%. This indicates that EL4X.DE's price experiences larger fluctuations and is considered to be riskier 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
| EL4X.DE | EL49.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 1.28% | +3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 11.68% | 3.42% | +8.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.25% | 3.85% | +11.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 4.88% | +11.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 5.25% | +12.98% |
EL4X.DE vs. EL49.DE - Expense Ratio Comparison
EL4X.DE has a 0.30% expense ratio, which is higher than EL49.DE's 0.20% expense ratio.
Dividends
EL4X.DE vs. EL49.DE - Dividend Comparison
EL4X.DE's dividend yield for the trailing twelve months is around 4.73%, more 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% |
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 4.73% | 5.11% | 7.17% | 5.99% | 8.64% | 3.83% | 2.89% | 6.66% | 8.48% | 7.17% | 7.37% | 5.62% |
Frequently Asked Questions
EL4X.DE and EL49.DE have a correlation of 0.46, 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 0.30% for EL4X.DE.
EL4X.DE is categorized as Europe Equities, while EL49.DE is European Corporate Bonds. EL4X.DE tracks DAXplus® Maximum Dividend, while EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified. Their fees differ too: 0.30% for EL4X.DE and 0.20% for EL49.DE.
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