XLIQ.DE vs. IB26.DE

Last updated Jun 5, 2026

XLIQ.DE (Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF) and IB26.DE (iShares iBonds Dec 2026 Term EUR Corporate UCITS ETF EUR (Dist)) are both European Corporate Bonds funds - XLIQ.DE tracks the iBoxx® EUR Liquid Covered Bond while IB26.DE tracks the Bloomberg MSCI December 2026 Maturity EUR Corporate ESG Screened Index. Both are passively managed. At a 0.15 correlation, their price movements are largely independent. XLIQ.DE charges 0.20%/yr vs 0.12%/yr for IB26.DE.

Performance

XLIQ.DE vs. IB26.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF (XLIQ.DE) and iShares iBonds Dec 2026 Term EUR Corporate UCITS ETF EUR (Dist) (IB26.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XLIQ.DE

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

IB26.DE

• 1D: 0.02%
• 1M: 0.29%
• YTD: 0.88%
• 6M: 1.06%
• 1Y: 2.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLIQ.DE vs. IB26.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XLIQ.DE Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF	0.27%	1.87%	2.30%	5.32%
IB26.DE iShares iBonds Dec 2026 Term EUR Corporate UCITS ETF EUR (Dist)	0.88%	2.79%	3.68%	3.19%

Correlation

The correlation between XLIQ.DE and IB26.DE is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (All Time) Calculated using the full available price history since Aug 11, 2023	0.15

The correlation between XLIQ.DE and IB26.DE shifts across timeframes, from 0.04 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XLIQ.DE vs. IB26.DE — Risk / Return Rank

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

IB26.DE

IB26.DE Risk / Return Rank: 95
IB26.DE Sharpe Ratio Rank: 90
IB26.DE Sortino Ratio Rank: 95
IB26.DE Omega Ratio Rank: 94
IB26.DE Calmar Ratio Rank: 97
IB26.DE Martin Ratio Rank: 98

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.

XLIQ.DE vs. IB26.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF (XLIQ.DE) and iShares iBonds Dec 2026 Term EUR Corporate UCITS ETF EUR (Dist) (IB26.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XLIQ.DE	IB26.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.62	—

Drawdowns

Drawdown Indicators

	XLIQ.DE	IB26.DE	Difference
Max Drawdown Largest peak-to-trough decline	—	-0.83%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.18%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.11%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.04%	—

Volatility

Volatility by Period

	XLIQ.DE	IB26.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.72%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	1.43%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	1.43%	—

XLIQ.DE vs. IB26.DE - Expense Ratio Comparison

XLIQ.DE has a 0.20% expense ratio, which is higher than IB26.DE's 0.12% 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

XLIQ.DE vs. IB26.DE - Dividend Comparison

XLIQ.DE has not paid dividends to shareholders, while IB26.DE's dividend yield for the trailing twelve months is around 3.14%.

Position	TTM	2025	2024	2023
IB26.DE iShares iBonds Dec 2026 Term EUR Corporate UCITS ETF EUR (Dist)	3.14%	3.24%	3.59%	1.20%
XLIQ.DE Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XLIQ.DE and IB26.DE in my portfolio?

XLIQ.DE and IB26.DE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLIQ.DE or IB26.DE?

On fees, IB26.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLIQ.DE or IB26.DE?

IB26.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for XLIQ.DE.

What is the main difference between XLIQ.DE and IB26.DE?

XLIQ.DE tracks iBoxx® EUR Liquid Covered Bond, while IB26.DE tracks Bloomberg MSCI December 2026 Maturity EUR Corporate ESG Screened Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XLIQ.DE and 0.12% for IB26.DE.