DXS1.DE vs. EL4W.DE
DXS1.DE (Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist)) and EL4W.DE (Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF) are both Money Market funds - DXS1.DE tracks the Solactive SONIA Daily Index while EL4W.DE tracks the Deutsche Börse EUROGOV Germany Money Market Index. Both are passively managed. Over the past 10 years, DXS1.DE returned 1.66%/yr vs 0.24%/yr for EL4W.DE. At a 0.07 correlation, their price movements are largely independent. DXS1.DE charges 0.10%/yr vs 0.12%/yr for EL4W.DE.
Performance
DXS1.DE vs. EL4W.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DXS1.DE achieves a 4.57% return, which is significantly higher than EL4W.DE's 0.92% return. Over the past 10 years, DXS1.DE has outperformed EL4W.DE with an annualized return of 1.66%, while EL4W.DE has yielded a comparatively lower 0.24% annualized return.
DXS1.DE
- 1D
- -0.20%
- 1M
- 2.10%
- 6M
- 3.77%
- YTD
- 4.57%
- 1Y
- 5.55%
- 3Y*
- 4.92%
- 5Y*
- 3.58%
- 10Y*
- 1.66%
EL4W.DE
- 1D
- 0.03%
- 1M
- 0.13%
- 6M
- 0.80%
- YTD
- 0.92%
- 1Y
- 1.67%
- 3Y*
- 2.60%
- 5Y*
- 1.45%
- 10Y*
- 0.24%
DXS1.DE vs. EL4W.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXS1.DE Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist) | 4.57% | -0.80% | 10.14% | 6.73% | -4.26% | 7.63% | -5.68% | 6.58% | -1.34% | -3.51% |
EL4W.DE Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF | 0.92% | 1.91% | 3.36% | 2.64% | -1.17% | -0.77% | -0.84% | -0.85% | -1.32% | -1.05% |
Correlation
The correlation between DXS1.DE and EL4W.DE is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2009 | 0.07 |
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Return for Risk
DXS1.DE vs. EL4W.DE — Risk / Return Rank
DXS1.DE
EL4W.DE
DXS1.DE vs. EL4W.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist) (DXS1.DE) and Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF (EL4W.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.
| DXS1.DE | EL4W.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -3.58 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.81 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 11.55 | -8.17 |
| Martin ratioReturn relative to average drawdown | 8.90 | 67.77 | -58.87 |
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Drawdowns
DXS1.DE vs. EL4W.DE - Drawdown Comparison
The maximum DXS1.DE drawdown since its inception was -30.55%, which is greater than EL4W.DE's maximum drawdown of -8.19%. Use the drawdown chart below to compare losses from any high point for DXS1.DE and EL4W.DE.
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Drawdown Indicators
| DXS1.DE | EL4W.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.55% | -8.19% | -22.36% |
Max Drawdown (1Y)Largest decline over 1 year | -1.64% | -0.14% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -4.61% | -0.64% | -3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -7.36% | -1.64% | -5.72% |
Max Drawdown (10Y)Largest decline over 10 years | -16.66% | -6.22% | -10.44% |
Current DrawdownCurrent decline from peak | -2.06% | 0.00% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -12.78% | -3.10% | -9.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.02% | +0.60% |
Volatility
DXS1.DE vs. EL4W.DE - Volatility Comparison
Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist) (DXS1.DE) has a higher volatility of 1.00% compared to Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF (EL4W.DE) at 0.14%. This indicates that DXS1.DE's price experiences larger fluctuations and is considered to be riskier than EL4W.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXS1.DE | EL4W.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.14% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 0.38% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.01% | 0.52% | +3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 0.80% | +4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.97% | 0.94% | +8.03% |
DXS1.DE vs. EL4W.DE - Expense Ratio Comparison
DXS1.DE has a 0.10% expense ratio, which is lower than EL4W.DE's 0.12% 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
DXS1.DE vs. EL4W.DE - Dividend Comparison
DXS1.DE's dividend yield for the trailing twelve months is around 4.04%, more than EL4W.DE's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXS1.DE Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist) | 4.04% | 4.75% | 4.91% | 4.04% | 0.35% | 0.02% | 0.57% | 0.95% | 0.63% | 0.20% | 1.28% | 0.79% |
EL4W.DE Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF | 2.08% | 3.05% | 2.03% | 1.04% | 0.25% | 0.63% | 0.46% | 1.00% | 0.41% | 1.37% | 1.55% | 1.54% |
Frequently Asked Questions
DXS1.DE and EL4W.DE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXS1.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXS1.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for EL4W.DE.
DXS1.DE tracks Solactive SONIA Daily Index, while EL4W.DE tracks Deutsche Börse EUROGOV Germany Money Market Index. They also come from different issuers: Xtrackers and Deka. Their fees differ too: 0.10% for DXS1.DE and 0.12% for EL4W.DE.
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