XDEP.DE vs. XLIQ.DE

Last updated Jun 5, 2026

XDEP.DE (Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF) and XLIQ.DE (Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF) are both European Corporate Bonds funds from Xtrackers - XDEP.DE tracks the iBoxx® EUR Corporates Yield Plus while XLIQ.DE tracks the iBoxx® EUR Liquid Covered Bond. Both are passively managed. At a 0.30 correlation, their price movements are largely independent. XDEP.DE charges 0.25%/yr vs 0.20%/yr for XLIQ.DE.

Performance

XDEP.DE vs. XLIQ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF (XDEP.DE) and Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF (XLIQ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XDEP.DE

• 1D: 0.09%
• 1M: 0.22%
• YTD: 0.60%
• 6M: 0.55%
• 1Y: 2.53%
• 3Y*: 5.50%
• 5Y*: 0.29%
• 10Y*: —

XLIQ.DE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XDEP.DE vs. XLIQ.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%
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 XDEP.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	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jun 16, 2016	0.30

Over the past year, XDEP.DE and XLIQ.DE have become more correlated (0.61) than their long-term average of 0.30, meaning their price movements have been converging.

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XDEP.DE

XDEP.DE Risk / Return Rank: 19
XDEP.DE Sharpe Ratio Rank: 20
XDEP.DE Sortino Ratio Rank: 19
XDEP.DE Omega Ratio Rank: 20
XDEP.DE Calmar Ratio Rank: 18
XDEP.DE Martin Ratio Rank: 20

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.

XDEP.DE vs. XLIQ.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 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.

	XDEP.DE	XLIQ.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.65	—	—
Sortino ratio: Return per unit of downside risk	0.97	—	—
Omega ratio: Gain probability vs. loss probability	1.13	—	—
Calmar ratio: Return relative to maximum drawdown	0.70	—	—
Martin ratio: Return relative to average drawdown	2.39	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XDEP.DE	XLIQ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	—	—

Drawdowns

Drawdown Indicators

	XDEP.DE	XLIQ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.79%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.22%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.79%	—	—
Current Drawdown Current decline from peak	-0.90%	—	—
Average Drawdown Average peak-to-trough decline	-4.48%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	—	—

Volatility

Volatility by Period

	XDEP.DE	XLIQ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.47%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.72%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.28%	—	—

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

XDEP.DE has a 0.25% expense ratio, which is higher than XLIQ.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. XLIQ.DE - Dividend Comparison

XDEP.DE's dividend yield for the trailing twelve months is around 2.88%, while XLIQ.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
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%

Frequently Asked Questions

Can I hold both XDEP.DE and XLIQ.DE in my portfolio?

XDEP.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.

Which ETF is better, XDEP.DE or XLIQ.DE?

On fees, XLIQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDEP.DE or XLIQ.DE?

XLIQ.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XDEP.DE.

What is the main difference between XDEP.DE and XLIQ.DE?

XDEP.DE tracks iBoxx® EUR Corporates Yield Plus, while XLIQ.DE tracks iBoxx® EUR Liquid Covered Bond. Their fees differ too: 0.25% for XDEP.DE and 0.20% for XLIQ.DE.