EAH.DE vs. EL4P.DE
EAH.DE (Amundi Euro Government Green Bond UCITS ETF Acc) and EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) are both European Government Bonds funds - EAH.DE tracks the Solactive Euro Government Green Bond while EL4P.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 7-10. Both are passively managed. Over the past 5 years, EAH.DE returned -5.48%/yr vs -2.03%/yr for EL4P.DE. With a 0.95 correlation, they move nearly in lockstep. EAH.DE charges 0.20%/yr vs 0.15%/yr for EL4P.DE.
Performance
EAH.DE vs. EL4P.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EAH.DE achieves a 1.55% return, which is significantly higher than EL4P.DE's 1.47% return.
EAH.DE
- 1D
- 0.00%
- 1M
- 1.09%
- YTD
- 1.55%
- 6M
- 1.73%
- 1Y
- 0.28%
- 3Y*
- 1.13%
- 5Y*
- -5.48%
- 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%
EAH.DE vs. EL4P.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EAH.DE Amundi Euro Government Green Bond UCITS ETF Acc | 1.55% | -2.11% | -0.57% | 8.84% | -30.65% | 1.11% |
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 1.47% | 1.64% | 1.06% | 8.67% | -20.09% | -0.59% |
Correlation
The correlation between EAH.DE and EL4P.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.95 |
The correlation between EAH.DE and EL4P.DE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
EAH.DE vs. EL4P.DE — Risk / Return Rank
EAH.DE
EL4P.DE
EAH.DE vs. EL4P.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government Green Bond UCITS ETF Acc (EAH.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.
| EAH.DE | EL4P.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.07 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 0.45 | -0.39 |
| Martin ratioReturn relative to average drawdown | 0.13 | 1.16 | -1.03 |
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Drawdowns
EAH.DE vs. EL4P.DE - Drawdown Comparison
The maximum EAH.DE drawdown since its inception was -36.30%, which is greater than EL4P.DE's maximum drawdown of -23.49%. Use the drawdown chart below to compare losses from any high point for EAH.DE and EL4P.DE.
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Drawdown Indicators
| EAH.DE | EL4P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.30% | -23.49% | -12.81% |
Max Drawdown (1Y)Largest decline over 1 year | -4.72% | -4.09% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -7.80% | -4.43% | -3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -36.30% | -23.13% | -13.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.49% | — |
Current DrawdownCurrent decline from peak | -28.52% | -12.62% | -15.90% |
Average DrawdownAverage peak-to-trough decline | -25.33% | -5.57% | -19.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.58% | +0.53% |
Volatility
EAH.DE vs. EL4P.DE - Volatility Comparison
Amundi Euro Government Green Bond UCITS ETF Acc (EAH.DE) has a higher volatility of 1.69% compared to Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) at 1.28%. This indicates that EAH.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
| EAH.DE | EL4P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.28% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 5.31% | 4.13% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.50% | 4.93% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.79% | 7.49% | +3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.79% | 6.06% | +4.73% |
EAH.DE vs. EL4P.DE - Expense Ratio Comparison
EAH.DE has a 0.20% expense ratio, which is higher than EL4P.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
EAH.DE vs. EL4P.DE - Dividend Comparison
EAH.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAH.DE Amundi Euro Government Green Bond UCITS ETF Acc | 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
With a correlation of 0.94, EAH.DE and EL4P.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EL4P.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4P.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for EAH.DE.
EAH.DE tracks Solactive Euro Government Green Bond, while EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10. They also come from different issuers: Amundi and Deka. Their fees differ too: 0.20% for EAH.DE and 0.15% for EL4P.DE.
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