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Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF (EL4W.DE) Alternatives

ETF · Currency in EUR · Last updated Jul 16, 2026

Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF seeks to track the Deutsche Börse EUROGOV Germany Money Market Index.

Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF (EL4W.DE) belongs to the Money Market category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EL4W.DE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to EL4W.DE

EL4W.DE charges 0.12% annually. There are 12 ETFs in the Money Market category with lower expense ratios, going as low as 0.05%.

SymbolNameExpense RatioAUMInception
ZPRM.DE
State Street SPDR Bloomberg 1-3 Month T-Bill MXN H...0.05%—Jul 2019EL4W.DE vs ZPRM.DE
ZPR1.DE
State Street SPDR Bloomberg 1-3 Month T-Bill UCITS...0.05%—Jul 2019EL4W.DE vs ZPR1.DE
E0UA.DE
iShares Euro Government Bond 0-3 Month UCITS ETF E...0.07%—Sep 2024EL4W.DE vs E0UA.DE
PJEU.DE
Invesco Euro Cash 3 Months UCITS ETF Acc0.09%—Oct 2008EL4W.DE vs PJEU.DE
EGV2.DE
Amundi Smart Overnight Return UCITS ETF (Dist)0.10%—Jan 2026EL4W.DE vs EGV2.DE

Best Risk-Adjusted Alternatives to EL4W.DE

EL4W.DE has a PortfoliosLab risk / return rank of 97. There are 6 ETFs in the Money Market category with higher risk-adjusted ranks, going as high as 100.

SymbolNameRisk / Return RankAUMInception
YCSH.DE
iShares € Cash UCITS ETF EUR Acc
100
—Nov 2024EL4W.DE vs YCSH.DE
DBXT.DE
Xtrackers II EUR Overnight Rate Swap UCITS ETF (Ac...
99
—May 2007EL4W.DE vs DBXT.DE
XEON.DE
Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C
99
—May 2007EL4W.DE vs XEON.DE
L8I3.DE
Amundi EUR Overnight Return UCITS ETF (Acc)
99
—Sep 2007EL4W.DE vs L8I3.DE
XEOD.DE
Xtrackers II EUR Overnight Rate Swap UCITS ETF 1D
99
—Mar 2008EL4W.DE vs XEOD.DE

Top Performing EL4W.DE Alternatives (YTD)

EL4W.DE is at 0.92% YTD. There are 11 ETFs in the Money Market category with higher YTD returns, going as high as 7.01%.

SymbolNameYTD ReturnAUMInception
ZPRM.DE
State Street SPDR Bloomberg 1-3 Month T-Bill MXN H...
7.01%
—Jul 2019EL4W.DE vs ZPRM.DE
DXS1.DE
Xtrackers II GBP Overnight Rate Swap UCITS ETF (Di...
4.82%
—Oct 2007EL4W.DE vs DXS1.DE
C101.DE
Amundi USD Fed Funds Rate UCITS ETF (Dist)
4.81%
—Jun 2015EL4W.DE vs C101.DE
ZPR1.DE
State Street SPDR Bloomberg 1-3 Month T-Bill UCITS...
1.96%
—Jul 2019EL4W.DE vs ZPR1.DE
EGV2.DE
Amundi Smart Overnight Return UCITS ETF (Dist)
1.31%
—Jan 2026EL4W.DE vs EGV2.DE

Lowest Volatility Alternatives to EL4W.DE

EL4W.DE has 0.52% 1-year volatility. There are 5 ETFs in the Money Market category with lower 1-year volatility, going as low as 0.11%.

SymbolNameVolatility 1YAUMInception
YCSH.DE
iShares € Cash UCITS ETF EUR Acc0.11%—Nov 2024EL4W.DE vs YCSH.DE
DBXT.DE
Xtrackers II EUR Overnight Rate Swap UCITS ETF (Ac...0.19%—May 2007EL4W.DE vs DBXT.DE
XEON.DE
Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C0.22%—May 2007EL4W.DE vs XEON.DE
L8I3.DE
Amundi EUR Overnight Return UCITS ETF (Acc)0.32%—Sep 2007EL4W.DE vs L8I3.DE
XEOD.DE
Xtrackers II EUR Overnight Rate Swap UCITS ETF 1D0.32%—Mar 2008EL4W.DE vs XEOD.DE

Lowest Drawdown Alternatives to EL4W.DE

EL4W.DE has a 1-year max drawdown of -0.14%. There are 5 ETFs in the Money Market category with shallower 1-year drawdowns, going as shallow as -0.02%.

SymbolNameMax Drawdown 1YAUMInception
YCSH.DE
iShares € Cash UCITS ETF EUR Acc
-0.02%
—Nov 2024EL4W.DE vs YCSH.DE
DBXT.DE
Xtrackers II EUR Overnight Rate Swap UCITS ETF (Ac...
-0.03%
—May 2007EL4W.DE vs DBXT.DE
XEON.DE
Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C
-0.03%
—May 2007EL4W.DE vs XEON.DE
L8I3.DE
Amundi EUR Overnight Return UCITS ETF (Acc)
-0.04%
—Sep 2007EL4W.DE vs L8I3.DE
XEOD.DE
Xtrackers II EUR Overnight Rate Swap UCITS ETF 1D
-0.05%
—Mar 2008EL4W.DE vs XEOD.DE

Other ETFs from Deka

The 10 most viewed Deka ETFs shown here include ELFC.DE, EL4G.DE, ELFB.DE and span 3 categories.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
ELFC.DE
Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETFEurope Equities
60
13.10%
—Sep 2015EL4W.DE vs ELFC.DE
EL4G.DE
Deka EURO STOXX Select Dividend 30 UCITS ETFEurope Equities
75
12.22%
—Jun 2008EL4W.DE vs EL4G.DE
ELFB.DE
Deka Oekom Euro Nachhaltigkeit UCITS ETFEurope Equities
57
13.16%
—Aug 2015EL4W.DE vs ELFB.DE
EL42.DE
Deka MSCI Europe UCITS ETFEurope Equities
58
10.70%
—Jun 2009EL4W.DE vs EL42.DE
ELFW.DE
Deka MSCI World UCITS ETF DistGlobal Equities
82
12.73%
—Sep 2018EL4W.DE vs ELFW.DE
EL4F.DE
Deka DAX (ausschüttend) UCITS ETFEurope Equities
13
1.60%
—Jun 2008EL4W.DE vs EL4F.DE
EL4A.DE
Deka DAX UCITS ETFEurope Equities
13
1.58%
—Mar 2008EL4W.DE vs EL4A.DE
D6RP.DE
Deka MSCI World Climate Change ESG UCITS ETFGlobal Equities
66
12.57%
—Jun 2020EL4W.DE vs D6RP.DE
EL4S.DE
Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETFEuropean Government Bonds
19
0.25%
—Mar 2009EL4W.DE vs EL4S.DE
EL4X.DE
Deka DAXplus Maximum Dividend UCITS ETFEurope Equities
16
6.39%
—Apr 2009EL4W.DE vs EL4X.DE

Compare EL4W.DE with Any Fund or Stock

Compare EL4W.DE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair EL4W.DE with funds that move differently

Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EL4W.DE.

Explore EL4W.DE Diversifiers