DBXQ.DE vs. EL4P.DE
DBXQ.DE (Xtrackers II Eurozone Government Bond 3-5 UCITS ETF) and EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) are both European Government Bonds funds - DBXQ.DE tracks the Markit iBoxx® EUR Eurozone 3-5 while EL4P.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 7-10. Both are passively managed. Over the past 10 years, DBXQ.DE returned 0.25%/yr vs -0.11%/yr for EL4P.DE. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
DBXQ.DE vs. EL4P.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXQ.DE achieves a 0.72% return, which is significantly lower than EL4P.DE's 1.55% return. Over the past 10 years, DBXQ.DE has outperformed EL4P.DE with an annualized return of 0.25%, while EL4P.DE has yielded a comparatively lower -0.11% annualized return.
DBXQ.DE
- 1D
- 0.12%
- 1M
- 0.52%
- YTD
- 0.72%
- 6M
- 0.69%
- 1Y
- 1.06%
- 3Y*
- 3.23%
- 5Y*
- -0.08%
- 10Y*
- 0.25%
EL4P.DE
- 1D
- 0.07%
- 1M
- 1.11%
- YTD
- 1.55%
- 6M
- 1.76%
- 1Y
- 1.76%
- 3Y*
- 3.08%
- 5Y*
- -2.01%
- 10Y*
- -0.11%
DBXQ.DE vs. EL4P.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXQ.DE Xtrackers II Eurozone Government Bond 3-5 UCITS ETF | 0.72% | 2.57% | 2.23% | 5.50% | -10.12% | -1.37% | 1.56% | 2.56% | -0.06% | -0.19% |
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 1.55% | 1.64% | 1.06% | 8.67% | -20.09% | -3.04% | 4.33% | 6.96% | 1.48% | 0.72% |
Correlation
The correlation between DBXQ.DE and EL4P.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2009 | 0.83 |
The correlation between DBXQ.DE and EL4P.DE has been stable across timeframes, ranging from 0.83 to 0.93 - a consistent structural relationship.
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Return for Risk
DBXQ.DE vs. EL4P.DE — Risk / Return Rank
DBXQ.DE
EL4P.DE
DBXQ.DE vs. EL4P.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond 3-5 UCITS ETF (DBXQ.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.
| DBXQ.DE | EL4P.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.07 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 0.43 | +0.01 |
| Martin ratioReturn relative to average drawdown | 1.18 | 1.11 | +0.06 |
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Drawdowns
DBXQ.DE vs. EL4P.DE - Drawdown Comparison
The maximum DBXQ.DE drawdown since its inception was -12.25%, smaller than the maximum EL4P.DE drawdown of -23.49%. Use the drawdown chart below to compare losses from any high point for DBXQ.DE and EL4P.DE.
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Drawdown Indicators
| DBXQ.DE | EL4P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.25% | -23.49% | +11.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -4.09% | +1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -4.43% | +2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -12.13% | -23.13% | +11.00% |
Max Drawdown (10Y)Largest decline over 10 years | -12.25% | -23.49% | +11.24% |
Current DrawdownCurrent decline from peak | -1.40% | -12.55% | +11.15% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -5.58% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.58% | -0.68% |
Volatility
DBXQ.DE vs. EL4P.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Bond 3-5 UCITS ETF (DBXQ.DE) is 0.64%, while Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) has a volatility of 1.25%. This indicates that DBXQ.DE experiences smaller price fluctuations and is considered to be less risky 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
| DBXQ.DE | EL4P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 1.25% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 4.13% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.60% | 4.93% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.70% | 7.48% | -3.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 6.06% | -2.75% |
DBXQ.DE vs. EL4P.DE - Expense Ratio Comparison
Both DBXQ.DE and EL4P.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
DBXQ.DE vs. EL4P.DE - Dividend Comparison
DBXQ.DE has not paid dividends to shareholders, while EL4P.DE's dividend yield for the trailing twelve months is around 3.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXQ.DE Xtrackers II Eurozone Government Bond 3-5 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
DBXQ.DE and EL4P.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DBXQ.DE and EL4P.DE have the same expense ratio: 0.15% per year.
DBXQ.DE tracks Markit iBoxx® EUR Eurozone 3-5, while EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10. They also come from different issuers: Xtrackers and Deka.
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