D6RR.DE vs. EL4S.DE
D6RR.DE (Deka MSCI Europe Climate Change ESG UCITS ETF) and EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) are both exchange-traded funds - D6RR.DE is a Europe Equities fund tracking the MSCI Europe Climate Change ESG Select, while EL4S.DE is a European Government Bonds fund tracking the Deutsche Börse EUROGOV® Germany 1-3. Both are passively managed. Over the past 5 years, D6RR.DE returned 7.43%/yr vs 0.36%/yr for EL4S.DE. At a 0.04 correlation, their price movements are largely independent. D6RR.DE charges 0.25%/yr vs 0.15%/yr for EL4S.DE.
Performance
D6RR.DE vs. EL4S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, D6RR.DE achieves a 4.41% return, which is significantly higher than EL4S.DE's 0.11% return.
D6RR.DE
- 1D
- 0.83%
- 1M
- 1.37%
- YTD
- 4.41%
- 6M
- 6.61%
- 1Y
- 9.76%
- 3Y*
- 10.38%
- 5Y*
- 7.43%
- 10Y*
- —
EL4S.DE
- 1D
- 0.02%
- 1M
- 0.06%
- YTD
- 0.11%
- 6M
- 0.17%
- 1Y
- 0.70%
- 3Y*
- 2.24%
- 5Y*
- 0.36%
- 10Y*
- -0.20%
D6RR.DE vs. EL4S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
D6RR.DE Deka MSCI Europe Climate Change ESG UCITS ETF | 4.41% | 13.01% | 10.17% | 15.40% | -13.96% | 26.07% | 10.31% |
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 0.11% | 1.65% | 2.75% | 2.51% | -4.56% | -0.97% | -0.36% |
Correlation
The correlation between D6RR.DE and EL4S.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.04 |
Over the past year, D6RR.DE and EL4S.DE have become more correlated (0.32) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
D6RR.DE vs. EL4S.DE — Risk / Return Rank
D6RR.DE
EL4S.DE
D6RR.DE vs. EL4S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI Europe Climate Change ESG UCITS ETF (D6RR.DE) and Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.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.
| D6RR.DE | EL4S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.10 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.58 | +0.28 |
| Martin ratioReturn relative to average drawdown | 2.99 | 1.87 | +1.13 |
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
| D6RR.DE | EL4S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 0.54 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.24 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | -0.30 | +1.00 |
Drawdowns
D6RR.DE vs. EL4S.DE - Drawdown Comparison
The maximum D6RR.DE drawdown since its inception was -22.80%, which is greater than EL4S.DE's maximum drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for D6RR.DE and EL4S.DE.
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Drawdown Indicators
| D6RR.DE | EL4S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.80% | -13.04% | -9.76% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -1.03% | -9.99% |
Max Drawdown (3Y)Largest decline over 3 years | -17.54% | -1.03% | -16.51% |
Max Drawdown (5Y)Largest decline over 5 years | -22.80% | -5.86% | -16.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.46% | — |
Current DrawdownCurrent decline from peak | -1.47% | -6.04% | +4.57% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -5.87% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 0.32% | +2.86% |
Volatility
D6RR.DE vs. EL4S.DE - Volatility Comparison
Deka MSCI Europe Climate Change ESG UCITS ETF (D6RR.DE) has a higher volatility of 4.11% compared to Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) at 0.44%. This indicates that D6RR.DE's price experiences larger fluctuations and is considered to be riskier than EL4S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| D6RR.DE | EL4S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 0.44% | +3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 0.97% | +10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 1.10% | +12.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.80% | 1.46% | +13.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.76% | 1.12% | +13.64% |
D6RR.DE vs. EL4S.DE - Expense Ratio Comparison
D6RR.DE has a 0.25% expense ratio, which is higher than EL4S.DE's 0.15% 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
D6RR.DE vs. EL4S.DE - Dividend Comparison
D6RR.DE's dividend yield for the trailing twelve months is around 2.11%, more than EL4S.DE's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D6RR.DE Deka MSCI Europe Climate Change ESG UCITS ETF | 2.11% | 2.14% | 2.18% | 2.08% | 2.28% | 1.66% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 1.48% | 1.20% | 0.83% | 0.60% | 0.88% | 0.94% | 0.78% | 1.06% | 0.99% | 1.63% | 1.46% | 1.60% |
Frequently Asked Questions
D6RR.DE and EL4S.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4S.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4S.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for D6RR.DE.
D6RR.DE is categorized as Europe Equities, while EL4S.DE is European Government Bonds. D6RR.DE tracks MSCI Europe Climate Change ESG Select, while EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3. Their fees differ too: 0.25% for D6RR.DE and 0.15% for EL4S.DE.
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