IBCS.DE vs. EL49.DE
IBCS.DE (iShares Euro Corporate Bond Large Cap UCITS ETF) and EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) are both European Corporate Bonds funds - IBCS.DE tracks the iBoxx® EUR Liquid Corporates Large Cap while EL49.DE tracks the iBoxx® EUR Liquid Corporates Diversified. Both are passively managed. Over the past 10 years, IBCS.DE returned 0.73%/yr vs 0.63%/yr for EL49.DE. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
IBCS.DE vs. EL49.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCS.DE achieves a 0.64% return, which is significantly higher than EL49.DE's 0.49% return. Over the past 10 years, IBCS.DE has outperformed EL49.DE with an annualized return of 0.73%, while EL49.DE has yielded a comparatively lower 0.63% annualized return.
IBCS.DE
- 1D
- 0.12%
- 1M
- 0.29%
- YTD
- 0.64%
- 6M
- 0.59%
- 1Y
- 2.11%
- 3Y*
- 4.29%
- 5Y*
- -0.27%
- 10Y*
- 0.73%
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%
IBCS.DE vs. EL49.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 0.64% | 2.84% | 3.66% | 7.36% | -14.02% | -1.42% | 2.71% | 6.17% | -1.32% | 1.59% |
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 IBCS.DE and EL49.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2010 | 0.73 |
The correlation between IBCS.DE and EL49.DE shifts across timeframes, from 0.73 (all time) to 0.87 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBCS.DE vs. EL49.DE — Risk / Return Rank
IBCS.DE
EL49.DE
IBCS.DE vs. EL49.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.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.
| IBCS.DE | EL49.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.07 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.46 | +0.16 |
| Martin ratioReturn relative to average drawdown | 2.13 | 1.52 | +0.61 |
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
| IBCS.DE | EL49.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 0.36 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | -0.03 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.12 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.47 | -0.31 |
Drawdowns
IBCS.DE vs. EL49.DE - Drawdown Comparison
The maximum IBCS.DE drawdown since its inception was -31.12%, 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 IBCS.DE and EL49.DE.
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Drawdown Indicators
| IBCS.DE | EL49.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.12% | -16.77% | -14.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -3.05% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -2.79% | -3.05% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -17.87% | -16.77% | -1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -17.87% | -16.77% | -1.10% |
Current DrawdownCurrent decline from peak | -2.79% | -1.87% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -8.35% | -3.21% | -5.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.92% | -0.11% |
Volatility
IBCS.DE vs. EL49.DE - Volatility Comparison
The current volatility for iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) is 1.18%, while Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) has a volatility of 1.28%. This indicates that IBCS.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
| IBCS.DE | EL49.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.28% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 3.42% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 3.85% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.74% | 4.88% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 5.25% | -0.78% |
IBCS.DE vs. EL49.DE - Expense Ratio Comparison
Both IBCS.DE and EL49.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
IBCS.DE vs. EL49.DE - Dividend Comparison
IBCS.DE's dividend yield for the trailing twelve months is around 3.07%, 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% |
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 3.07% | 3.03% | 2.74% | 2.31% | 1.05% | 0.73% | 0.85% | 0.99% | 1.10% | 1.09% | 1.27% | 1.57% |
Frequently Asked Questions
IBCS.DE and EL49.DE have a correlation of 0.82, 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.
IBCS.DE and EL49.DE have the same expense ratio: 0.20% per year.
IBCS.DE tracks iBoxx® EUR Liquid Corporates Large Cap, while EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified. They also come from different issuers: iShares and Deka.
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