IEXA.DE vs. EL49.DE
IEXA.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc) and EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) are both European Corporate Bonds funds - IEXA.DE tracks the Bloomberg Euro Corporate ex-Financials Bond while EL49.DE tracks the iBoxx® EUR Liquid Corporates Diversified. Both are passively managed. Over the past 3 years, IEXA.DE returned 4.16%/yr vs 4.59%/yr for EL49.DE. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
IEXA.DE vs. EL49.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IEXA.DE having a 1.30% return and EL49.DE slightly higher at 1.34%.
IEXA.DE
- 1D
- 0.00%
- 1M
- 0.74%
- YTD
- 1.30%
- 6M
- 1.48%
- 1Y
- 2.24%
- 3Y*
- 4.16%
- 5Y*
- —
- 10Y*
- —
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%
IEXA.DE vs. EL49.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IEXA.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc | 1.30% | 2.47% | 3.54% | 7.38% | -5.39% |
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 1.34% | 2.66% | 4.07% | 7.13% | -5.56% |
Correlation
The correlation between IEXA.DE and EL49.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 27, 2022 | 0.85 |
The correlation between IEXA.DE and EL49.DE has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
IEXA.DE vs. EL49.DE — Risk / Return Rank
IEXA.DE
EL49.DE
IEXA.DE vs. EL49.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.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.
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.
| IEXA.DE | EL49.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.10 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.69 | +0.18 |
| Martin ratioReturn relative to average drawdown | 2.79 | 2.26 | +0.54 |
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Drawdowns
IEXA.DE vs. EL49.DE - Drawdown Comparison
The maximum IEXA.DE drawdown since its inception was -9.06%, smaller than the maximum EL49.DE drawdown of -16.78%. Use the drawdown chart below to compare losses from any high point for IEXA.DE and EL49.DE.
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Drawdown Indicators
| IEXA.DE | EL49.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.06% | -16.78% | +7.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -3.06% | +0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -2.56% | -3.06% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.78% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.78% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.04% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -3.01% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.94% | -0.14% |
Volatility
IEXA.DE vs. EL49.DE - Volatility Comparison
The current volatility for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.DE) is 0.78%, while Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) has a volatility of 0.97%. This indicates that IEXA.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
| IEXA.DE | EL49.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.97% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 3.43% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.26% | 3.85% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 4.88% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 5.21% | -0.44% |
IEXA.DE vs. EL49.DE - Expense Ratio Comparison
Both IEXA.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
IEXA.DE vs. EL49.DE - Dividend Comparison
IEXA.DE has not paid dividends to shareholders, while EL49.DE's dividend yield for the trailing twelve months is around 3.46%.
| 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% |
IEXA.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc | 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
IEXA.DE and EL49.DE have a correlation of 0.79, 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.
IEXA.DE and EL49.DE have the same expense ratio: 0.20% per year.
IEXA.DE tracks Bloomberg Euro Corporate ex-Financials Bond, while EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified. They also come from different issuers: iShares and Deka.
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