XEC1.DE vs. EL49.DE
XEC1.DE (Xtrackers II EUR Corporate Bond UCITS ETF) and EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) are both European Corporate Bonds funds - XEC1.DE tracks the Bloomberg Euro Corporate Bond while EL49.DE tracks the iBoxx® EUR Liquid Corporates Diversified. Both are passively managed. Over the past 3 years, XEC1.DE returned 4.57%/yr vs 4.31%/yr for EL49.DE. Their correlation of 0.90 suggests significant overlap in exposure. XEC1.DE charges 0.12%/yr vs 0.20%/yr for EL49.DE.
Performance
XEC1.DE vs. EL49.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XEC1.DE achieves a 0.61% return, which is significantly higher than EL49.DE's 0.49% return.
XEC1.DE
- 1D
- 0.11%
- 1M
- 0.31%
- YTD
- 0.61%
- 6M
- 0.58%
- 1Y
- 2.25%
- 3Y*
- 4.57%
- 5Y*
- —
- 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%
XEC1.DE vs. EL49.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XEC1.DE Xtrackers II EUR Corporate Bond UCITS ETF | 0.61% | 3.01% | 4.27% | 7.53% | -13.41% | 0.08% |
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 0.49% | 2.66% | 4.06% | 7.13% | -13.01% | -0.37% |
Correlation
The correlation between XEC1.DE and EL49.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.90 |
The correlation between XEC1.DE and EL49.DE has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
XEC1.DE vs. EL49.DE — Risk / Return Rank
XEC1.DE
EL49.DE
XEC1.DE vs. EL49.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Corporate Bond UCITS ETF (XEC1.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.
| XEC1.DE | EL49.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.07 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 0.46 | +0.26 |
| Martin ratioReturn relative to average drawdown | 2.46 | 1.52 | +0.94 |
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
| XEC1.DE | EL49.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.36 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.03 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.47 | -0.44 |
Drawdowns
XEC1.DE vs. EL49.DE - Drawdown Comparison
The maximum XEC1.DE drawdown since its inception was -16.37%, roughly equal to the maximum EL49.DE drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for XEC1.DE and EL49.DE.
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Drawdown Indicators
| XEC1.DE | EL49.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.37% | -16.77% | +0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -3.05% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -3.05% | +0.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.77% | — |
Current DrawdownCurrent decline from peak | -0.69% | -1.87% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -3.21% | -3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.92% | -0.14% |
Volatility
XEC1.DE vs. EL49.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Corporate Bond UCITS ETF (XEC1.DE) is 1.10%, while Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) has a volatility of 1.28%. This indicates that XEC1.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
| XEC1.DE | EL49.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.28% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 3.42% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.11% | 3.85% | -0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 4.88% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.51% | 5.25% | -0.74% |
XEC1.DE vs. EL49.DE - Expense Ratio Comparison
XEC1.DE has a 0.12% 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
XEC1.DE vs. EL49.DE - Dividend Comparison
XEC1.DE's dividend yield for the trailing twelve months is around 2.70%, 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% |
XEC1.DE Xtrackers II EUR Corporate Bond UCITS ETF | 2.70% | 2.50% | 2.68% | 1.77% | 1.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XEC1.DE and EL49.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEC1.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEC1.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for EL49.DE.
XEC1.DE tracks Bloomberg Euro Corporate Bond, while EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified. They also come from different issuers: Xtrackers and Deka. Their fees differ too: 0.12% for XEC1.DE and 0.20% for EL49.DE.
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