XDEP.DE vs. EL49.DE
XDEP.DE (Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF) and EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) are both European Corporate Bonds funds - XDEP.DE tracks the iBoxx® EUR Corporates Yield Plus while EL49.DE tracks the iBoxx® EUR Liquid Corporates Diversified. Both are passively managed. Over the past 5 years, XDEP.DE returned 0.29%/yr vs -0.16%/yr for EL49.DE. A 0.70 correlation means they provide meaningful diversification when combined. XDEP.DE charges 0.25%/yr vs 0.20%/yr for EL49.DE.
Performance
XDEP.DE vs. EL49.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDEP.DE achieves a 0.60% return, which is significantly higher than EL49.DE's 0.49% return.
XDEP.DE
- 1D
- 0.09%
- 1M
- 0.22%
- YTD
- 0.60%
- 6M
- 0.55%
- 1Y
- 2.53%
- 3Y*
- 5.50%
- 5Y*
- 0.29%
- 10Y*
- —
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%
XDEP.DE vs. EL49.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDEP.DE Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF | 0.60% | 3.58% | 5.25% | 9.38% | -15.31% | -0.31% | 2.90% | 8.79% | -2.58% | 3.64% |
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 XDEP.DE and EL49.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2016 | 0.70 |
The correlation between XDEP.DE and EL49.DE shifts across timeframes, from 0.70 (all time) to 0.86 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XDEP.DE vs. EL49.DE — Risk / Return Rank
XDEP.DE
EL49.DE
XDEP.DE vs. EL49.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF (XDEP.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.
| XDEP.DE | EL49.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.07 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 0.46 | +0.24 |
| Martin ratioReturn relative to average drawdown | 2.39 | 1.52 | +0.87 |
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
| XDEP.DE | EL49.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.36 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | -0.03 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.47 | -0.17 |
Drawdowns
XDEP.DE vs. EL49.DE - Drawdown Comparison
The maximum XDEP.DE drawdown since its inception was -19.79%, 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 XDEP.DE and EL49.DE.
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Drawdown Indicators
| XDEP.DE | EL49.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.79% | -16.77% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -3.05% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -3.22% | -3.05% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -19.79% | -16.77% | -3.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.77% | — |
Current DrawdownCurrent decline from peak | -0.90% | -1.87% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -3.21% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.92% | +0.03% |
Volatility
XDEP.DE vs. EL49.DE - Volatility Comparison
The current volatility for Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF (XDEP.DE) is 1.21%, while Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) has a volatility of 1.28%. This indicates that XDEP.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
| XDEP.DE | EL49.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.28% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 3.42% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 3.85% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.72% | 4.88% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 5.25% | +0.03% |
XDEP.DE vs. EL49.DE - Expense Ratio Comparison
XDEP.DE has a 0.25% expense ratio, which is higher than EL49.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XDEP.DE vs. EL49.DE - Dividend Comparison
XDEP.DE's dividend yield for the trailing twelve months is around 2.88%, 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% |
XDEP.DE Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF | 2.88% | 2.73% | 2.26% | 1.68% | 2.51% | 1.53% | 1.85% | 1.40% | 0.72% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XDEP.DE and EL49.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL49.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL49.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XDEP.DE.
XDEP.DE tracks iBoxx® EUR Corporates Yield Plus, while EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified. They also come from different issuers: Xtrackers and Deka. Their fees differ too: 0.25% for XDEP.DE and 0.20% for EL49.DE.
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