LCVB.DE vs. EL48.DE
LCVB.DE (Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist) and EL48.DE (Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF) are both European Corporate Bonds funds - LCVB.DE tracks the iBoxx® MSCI ESG EUR Corporates 0-1 while EL48.DE tracks the iBoxx® EUR Liquid Germany Covered Diversified. Both are passively managed. Over the past 10 years, LCVB.DE returned -0.03%/yr vs -0.52%/yr for EL48.DE. A 0.59 correlation means they provide meaningful diversification when combined. LCVB.DE charges 0.08%/yr vs 0.09%/yr for EL48.DE.
Performance
LCVB.DE vs. EL48.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LCVB.DE achieves a 1.13% return, which is significantly higher than EL48.DE's -0.08% return. Over the past 10 years, LCVB.DE has outperformed EL48.DE with an annualized return of -0.03%, while EL48.DE has yielded a comparatively lower -0.52% annualized return.
LCVB.DE
- 1D
- 0.00%
- 1M
- 0.16%
- 6M
- 0.98%
- YTD
- 1.13%
- 1Y
- 2.01%
- 3Y*
- 3.06%
- 5Y*
- -0.37%
- 10Y*
- -0.03%
EL48.DE
- 1D
- -0.13%
- 1M
- -0.62%
- 6M
- -0.43%
- YTD
- -0.08%
- 1Y
- 0.41%
- 3Y*
- 2.92%
- 5Y*
- -1.42%
- 10Y*
- -0.52%
LCVB.DE vs. EL48.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCVB.DE Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist | 1.13% | 2.42% | 3.91% | 3.23% | -10.56% | -1.94% | 1.32% | 1.71% | -0.06% | 0.35% |
EL48.DE Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF | -0.08% | 2.29% | 2.96% | 5.22% | -14.74% | -2.30% | 1.63% | 2.29% | 0.39% | -0.02% |
Correlation
The correlation between LCVB.DE and EL48.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2009 | 0.59 |
Over the past year, the correlation between LCVB.DE and EL48.DE has dropped to 0.17 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
LCVB.DE vs. EL48.DE — Risk / Return Rank
LCVB.DE
EL48.DE
LCVB.DE vs. EL48.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist (LCVB.DE) and Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF (EL48.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.
| LCVB.DE | EL48.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.09 | ||
| Sortino ratioReturn per unit of downside risk | +4.74 | ||
| Omega ratioGain probability vs. loss probability | 1.86 | 1.03 | +0.83 |
| Calmar ratioReturn relative to maximum drawdown | 8.71 | 0.19 | +8.53 |
| Martin ratioReturn relative to average drawdown | 48.71 | 0.44 | +48.27 |
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Drawdowns
LCVB.DE vs. EL48.DE - Drawdown Comparison
The maximum LCVB.DE drawdown since its inception was -14.50%, smaller than the maximum EL48.DE drawdown of -18.24%. Use the drawdown chart below to compare losses from any high point for LCVB.DE and EL48.DE.
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Drawdown Indicators
| LCVB.DE | EL48.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.50% | -18.24% | +3.74% |
Max Drawdown (1Y)Largest decline over 1 year | -0.23% | -2.22% | +1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -0.67% | -2.22% | +1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -13.73% | -17.05% | +3.32% |
Max Drawdown (10Y)Largest decline over 10 years | -14.50% | -18.24% | +3.74% |
Current DrawdownCurrent decline from peak | -3.12% | -8.72% | +5.60% |
Average DrawdownAverage peak-to-trough decline | -2.79% | -4.26% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.94% | -0.90% |
Volatility
LCVB.DE vs. EL48.DE - Volatility Comparison
The current volatility for Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist (LCVB.DE) is 0.13%, while Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF (EL48.DE) has a volatility of 0.76%. This indicates that LCVB.DE experiences smaller price fluctuations and is considered to be less risky than EL48.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCVB.DE | EL48.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.13% | 0.76% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 0.40% | 2.16% | -1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.61% | 2.51% | -1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.60% | 4.16% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 3.23% | -0.78% |
LCVB.DE vs. EL48.DE - Expense Ratio Comparison
LCVB.DE has a 0.08% expense ratio, which is lower than EL48.DE's 0.09% 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
LCVB.DE vs. EL48.DE - Dividend Comparison
LCVB.DE's dividend yield for the trailing twelve months is around 1.44%, less than EL48.DE's 2.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL48.DE Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF | 2.27% | 2.45% | 1.70% | 1.66% | 0.19% | 0.15% | 0.19% | 0.28% | 0.28% | 0.87% | 0.90% | 0.94% |
LCVB.DE Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist | 1.44% | 1.46% | 1.18% | 1.05% | 0.51% | 0.82% | 1.26% | 1.51% | 1.80% | 2.86% | 0.27% | 0.43% |
Frequently Asked Questions
LCVB.DE and EL48.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LCVB.DE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCVB.DE is cheaper with a 0.08% expense ratio, compared with 0.09% for EL48.DE.
LCVB.DE tracks iBoxx® MSCI ESG EUR Corporates 0-1, while EL48.DE tracks iBoxx® EUR Liquid Germany Covered Diversified. They also come from different issuers: Amundi and Deka. Their fees differ too: 0.08% for LCVB.DE and 0.09% for EL48.DE.
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