UEF6.DE vs. EL49.DE
UEF6.DE (UBS ETF (LU) Bloomberg Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) Dist) and EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) are both European Corporate Bonds funds - UEF6.DE tracks the Bloomberg Euro Area Liquid Corporates 1-5 while EL49.DE tracks the iBoxx® EUR Liquid Corporates Diversified. Both are passively managed. Over the past 10 years, UEF6.DE returned 1.03%/yr vs 0.63%/yr for EL49.DE. A 0.63 correlation means they provide meaningful diversification when combined. UEF6.DE charges 0.16%/yr vs 0.20%/yr for EL49.DE.
Performance
UEF6.DE vs. EL49.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEF6.DE achieves a 0.36% return, which is significantly lower than EL49.DE's 0.49% return. Over the past 10 years, UEF6.DE has outperformed EL49.DE with an annualized return of 1.03%, while EL49.DE has yielded a comparatively lower 0.63% annualized return.
UEF6.DE
- 1D
- 0.08%
- 1M
- 0.21%
- YTD
- 0.36%
- 6M
- 0.50%
- 1Y
- 2.09%
- 3Y*
- 4.48%
- 5Y*
- 1.05%
- 10Y*
- 1.03%
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%
UEF6.DE vs. EL49.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UEF6.DE UBS ETF (LU) Bloomberg Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) Dist | 0.36% | 3.55% | 4.56% | 5.92% | -8.23% | -0.11% | 0.80% | 3.06% | -1.06% | 1.35% |
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 UEF6.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 | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2014 | 0.63 |
The correlation between UEF6.DE and EL49.DE shifts across timeframes, from 0.63 (all time) to 0.79 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UEF6.DE vs. EL49.DE — Risk / Return Rank
UEF6.DE
EL49.DE
UEF6.DE vs. EL49.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) Dist (UEF6.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.
| UEF6.DE | EL49.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.07 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 0.46 | +0.52 |
| Martin ratioReturn relative to average drawdown | 3.52 | 1.52 | +2.00 |
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
| UEF6.DE | EL49.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.36 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | -0.03 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.12 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.47 | -0.06 |
Drawdowns
UEF6.DE vs. EL49.DE - Drawdown Comparison
The maximum UEF6.DE drawdown since its inception was -10.90%, smaller than the maximum EL49.DE drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for UEF6.DE and EL49.DE.
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Drawdown Indicators
| UEF6.DE | EL49.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.90% | -16.77% | +5.87% |
Max Drawdown (1Y)Largest decline over 1 year | -1.94% | -3.05% | +1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -1.94% | -3.05% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -10.90% | -16.77% | +5.87% |
Max Drawdown (10Y)Largest decline over 10 years | -10.90% | -16.77% | +5.87% |
Current DrawdownCurrent decline from peak | -0.46% | -1.87% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -3.21% | +1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 0.92% | -0.38% |
Volatility
UEF6.DE vs. EL49.DE - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) Dist (UEF6.DE) is 0.69%, while Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) has a volatility of 1.28%. This indicates that UEF6.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
| UEF6.DE | EL49.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 1.28% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 1.72% | 3.42% | -1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 3.85% | -1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.92% | 4.88% | -1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.02% | 5.25% | -2.23% |
UEF6.DE vs. EL49.DE - Expense Ratio Comparison
UEF6.DE has a 0.16% 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
UEF6.DE vs. EL49.DE - Dividend Comparison
UEF6.DE's dividend yield for the trailing twelve months is around 3.29%, 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% |
UEF6.DE UBS ETF (LU) Bloomberg Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) Dist | 3.29% | 3.56% | 2.52% | 1.53% | 0.44% | 0.54% | 0.56% | 0.60% | 0.69% | 0.46% | 0.72% | 0.74% |
Frequently Asked Questions
UEF6.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.
On fees, UEF6.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEF6.DE is cheaper with a 0.16% expense ratio, compared with 0.20% for EL49.DE.
UEF6.DE tracks Bloomberg Euro Area Liquid Corporates 1-5, while EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified. They also come from different issuers: UBS and Deka. Their fees differ too: 0.16% for UEF6.DE and 0.20% for EL49.DE.
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