CBUS.DE vs. EL4P.DE
CBUS.DE (iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist) and EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) are both European Government Bonds funds - CBUS.DE tracks the FTSE Actuaries UK Conventional Gilts All Stocks (EUR Hedged) while EL4P.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 7-10. Both are passively managed. Over the past 3 years, CBUS.DE returned 1.18%/yr vs 2.88%/yr for EL4P.DE. A 0.72 correlation means they provide meaningful diversification when combined. CBUS.DE charges 0.09%/yr vs 0.15%/yr for EL4P.DE.
Performance
CBUS.DE vs. EL4P.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUS.DE achieves a -0.38% return, which is significantly lower than EL4P.DE's 1.47% return.
CBUS.DE
- 1D
- -0.22%
- 1M
- 1.36%
- YTD
- -0.38%
- 6M
- -0.17%
- 1Y
- 0.66%
- 3Y*
- 1.18%
- 5Y*
- —
- 10Y*
- —
EL4P.DE
- 1D
- 0.05%
- 1M
- 0.99%
- YTD
- 1.47%
- 6M
- 1.68%
- 1Y
- 1.84%
- 3Y*
- 2.88%
- 5Y*
- -2.03%
- 10Y*
- -0.06%
CBUS.DE vs. EL4P.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUS.DE iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist | -0.38% | 3.16% | -5.12% | 2.12% | 5.29% |
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 1.47% | 1.64% | 1.06% | 8.67% | -2.38% |
Correlation
The correlation between CBUS.DE and EL4P.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022 | 0.72 |
The correlation between CBUS.DE and EL4P.DE has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.
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Return for Risk
CBUS.DE vs. EL4P.DE — Risk / Return Rank
CBUS.DE
EL4P.DE
CBUS.DE vs. EL4P.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist (CBUS.DE) and Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBUS.DE | EL4P.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.07 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 0.45 | -0.33 |
| Martin ratioReturn relative to average drawdown | 0.28 | 1.16 | -0.88 |
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Drawdowns
CBUS.DE vs. EL4P.DE - Drawdown Comparison
The maximum CBUS.DE drawdown since its inception was -12.72%, smaller than the maximum EL4P.DE drawdown of -23.49%. Use the drawdown chart below to compare losses from any high point for CBUS.DE and EL4P.DE.
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Drawdown Indicators
| CBUS.DE | EL4P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.72% | -23.49% | +10.77% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -4.09% | -1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -7.48% | -4.43% | -3.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.13% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.49% | — |
Current DrawdownCurrent decline from peak | -6.49% | -12.62% | +6.13% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -5.57% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 1.58% | +0.75% |
Volatility
CBUS.DE vs. EL4P.DE - Volatility Comparison
iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist (CBUS.DE) has a higher volatility of 1.80% compared to Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) at 1.28%. This indicates that CBUS.DE's price experiences larger fluctuations and is considered to be riskier than EL4P.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUS.DE | EL4P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 1.28% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 5.19% | 4.13% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.34% | 4.93% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.39% | 7.49% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.39% | 6.06% | +2.33% |
CBUS.DE vs. EL4P.DE - Expense Ratio Comparison
CBUS.DE has a 0.09% expense ratio, which is lower than EL4P.DE's 0.15% 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
CBUS.DE vs. EL4P.DE - Dividend Comparison
CBUS.DE's dividend yield for the trailing twelve months is around 4.45%, more than EL4P.DE's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBUS.DE iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist | 4.45% | 4.23% | 3.74% | 2.40% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 3.59% | 2.66% | 1.83% | 1.37% | 0.39% | 0.62% | 0.83% | 1.08% | 0.64% | 1.41% | 1.80% | 2.32% |
Frequently Asked Questions
CBUS.DE and EL4P.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUS.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUS.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for EL4P.DE.
CBUS.DE tracks FTSE Actuaries UK Conventional Gilts All Stocks (EUR Hedged), while EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10. They also come from different issuers: iShares and Deka. Their fees differ too: 0.09% for CBUS.DE and 0.15% for EL4P.DE.
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