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UEF6.DE vs. XLIQ.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UEF6.DE vs. XLIQ.DE

Last updated Jun 5, 2026

UEF6.DE (UBS ETF (LU) Bloomberg Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) Dist) and XLIQ.DE (Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF) are both European Corporate Bonds funds - UEF6.DE tracks the Bloomberg Euro Area Liquid Corporates 1-5 while XLIQ.DE tracks the iBoxx® EUR Liquid Covered Bond. Both are passively managed. At a 0.25 correlation, their price movements are largely independent. UEF6.DE charges 0.16%/yr vs 0.20%/yr for XLIQ.DE.

Performance

UEF6.DE vs. XLIQ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (LU) Bloomberg Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) Dist (UEF6.DE) and Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF (XLIQ.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

UEF6.DE

1D
0.08%
1M
0.30%
YTD
0.36%
6M
0.40%
1Y
1.91%
3Y*
4.48%
5Y*
1.05%
10Y*
1.03%

XLIQ.DE

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

UEF6.DE vs. XLIQ.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
XLIQ.DE
Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF		0.27%1.87%2.30%6.61%-18.10%-3.39%2.42%5.38%-0.44%0.76%

Correlation

The correlation between UEF6.DE and XLIQ.DE is 0.61, 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

0.61

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (5Y)
Calculated over the trailing 5-year period

0.37

Correlation (10Y)
Calculated over the trailing 10-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Jun 19, 2014

0.25

Over the past year, UEF6.DE and XLIQ.DE have become more correlated (0.61) than their long-term average of 0.25, meaning their price movements have been converging.

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UBS ETF (LU) Bloomberg Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) Dist

Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF

Often compared with UEF6.DE:
UEF6.DE vs. 4UBF.DEUEF6.DE vs. IE3E.DEUEF6.DE vs. ECR3.DEUEF6.DE vs. ECR1.DEUEF6.DE vs. EFRN.DEUEF6.DE vs. SPPS.DEUEF6.DE vs. AW1C.DE
Often compared with XLIQ.DE:
XLIQ.DE vs. CWBXLIQ.DE vs. ECR3.DEXLIQ.DE vs. IE3E.DEXLIQ.DE vs. EFRN.DEXLIQ.DE vs. JER5.DEXLIQ.DE vs. IB26.DEXLIQ.DE vs. ECR1.DE

Return for Risk

UEF6.DE vs. XLIQ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UEF6.DE
UEF6.DE Risk / Return Rank: 2727
Overall Rank
UEF6.DE Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
UEF6.DE Sortino Ratio Rank: 2828
Sortino Ratio Rank
UEF6.DE Omega Ratio Rank: 2929
Omega Ratio Rank
UEF6.DE Calmar Ratio Rank: 2222
Calmar Ratio Rank
UEF6.DE Martin Ratio Rank: 2626
Martin Ratio Rank
XLIQ.DE
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UEF6.DE vs. XLIQ.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 Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF (XLIQ.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.DEXLIQ.DEDifference
Sharpe ratioReturn per unit of total volatility
0.98

—

—

Sortino ratioReturn per unit of downside risk
1.50

—

—

Omega ratioGain probability vs. loss probability

1.19

—

—

Calmar ratioReturn relative to maximum drawdown

0.98

—

—

Martin ratioReturn relative to average drawdown

3.52

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UEF6.DE vs. XLIQ.DE - Sharpe Ratio Comparison

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Sharpe Ratios by Period

UEF6.DEXLIQ.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.98

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.35

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.34

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

—

—

Drawdowns

UEF6.DE vs. XLIQ.DE - Drawdown Comparison

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Drawdown Indicators

UEF6.DEXLIQ.DEDifference

Max Drawdown

Largest peak-to-trough decline

-10.90%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-1.94%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-1.94%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-10.90%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-10.90%

—

—

Current Drawdown

Current decline from peak

-0.46%

—

—

Average Drawdown

Average peak-to-trough decline

-1.75%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.54%

—

—

Volatility

UEF6.DE vs. XLIQ.DE - Volatility Comparison

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Volatility by Period

UEF6.DEXLIQ.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.69%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

1.72%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

1.94%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.92%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.02%

—

—

UEF6.DE vs. XLIQ.DE - Expense Ratio Comparison

UEF6.DE has a 0.16% expense ratio, which is lower than XLIQ.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. XLIQ.DE - Dividend Comparison

UEF6.DE's dividend yield for the trailing twelve months is around 3.29%, while XLIQ.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
XLIQ.DE
Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF		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

UEF6.DE and XLIQ.DE have a correlation of 0.61, 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 XLIQ.DE.

UEF6.DE tracks Bloomberg Euro Area Liquid Corporates 1-5, while XLIQ.DE tracks iBoxx® EUR Liquid Covered Bond. They also come from different issuers: UBS and Xtrackers. Their fees differ too: 0.16% for UEF6.DE and 0.20% for XLIQ.DE.

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