EGV3.DE vs. EL4M.DE
EGV3.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Dist) and EL4M.DE (Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF) are both European Government Bonds funds - EGV3.DE tracks the Bloomberg Euro Treasury 50bn 1-3 Year Bond while EL4M.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 3-5. Both are passively managed. Over the past 5 years, EGV3.DE returned 0.63%/yr vs -0.35%/yr for EL4M.DE. Their correlation of 0.89 suggests significant overlap in exposure. EGV3.DE charges 0.17%/yr vs 0.15%/yr for EL4M.DE.
Performance
EGV3.DE vs. EL4M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EGV3.DE achieves a 0.39% return, which is significantly lower than EL4M.DE's 0.60% return.
EGV3.DE
- 1D
- 0.06%
- 1M
- 0.32%
- YTD
- 0.39%
- 6M
- 0.51%
- 1Y
- 1.04%
- 3Y*
- 2.72%
- 5Y*
- 0.63%
- 10Y*
- —
EL4M.DE
- 1D
- 0.05%
- 1M
- 0.54%
- YTD
- 0.60%
- 6M
- 0.73%
- 1Y
- 1.21%
- 3Y*
- 3.03%
- 5Y*
- -0.35%
- 10Y*
- 0.01%
EGV3.DE vs. EL4M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EGV3.DE Amundi Euro Government Bond 1-3Y UCITS ETF Dist | 0.39% | 2.11% | 3.01% | 3.26% | -4.94% | -0.89% | 0.01% |
EL4M.DE Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF | 0.60% | 2.42% | 2.21% | 5.36% | -11.06% | -1.41% | 0.44% |
Correlation
The correlation between EGV3.DE and EL4M.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.89 |
The correlation between EGV3.DE and EL4M.DE has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.
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Return for Risk
EGV3.DE vs. EL4M.DE — Risk / Return Rank
EGV3.DE
EL4M.DE
EGV3.DE vs. EL4M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government Bond 1-3Y UCITS ETF Dist (EGV3.DE) and Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF (EL4M.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.
| EGV3.DE | EL4M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.08 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.46 | +0.41 |
| Martin ratioReturn relative to average drawdown | 2.60 | 1.20 | +1.40 |
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Drawdowns
EGV3.DE vs. EL4M.DE - Drawdown Comparison
The maximum EGV3.DE drawdown since its inception was -6.45%, smaller than the maximum EL4M.DE drawdown of -13.53%. Use the drawdown chart below to compare losses from any high point for EGV3.DE and EL4M.DE.
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Drawdown Indicators
| EGV3.DE | EL4M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.45% | -13.53% | +7.08% |
Max Drawdown (1Y)Largest decline over 1 year | -1.20% | -2.63% | +1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -1.20% | -2.63% | +1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -6.05% | -13.20% | +7.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.53% | — |
Current DrawdownCurrent decline from peak | -0.17% | -3.06% | +2.89% |
Average DrawdownAverage peak-to-trough decline | -1.97% | -2.50% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.01% | -0.61% |
Volatility
EGV3.DE vs. EL4M.DE - Volatility Comparison
The current volatility for Amundi Euro Government Bond 1-3Y UCITS ETF Dist (EGV3.DE) is 0.34%, while Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF (EL4M.DE) has a volatility of 0.71%. This indicates that EGV3.DE experiences smaller price fluctuations and is considered to be less risky than EL4M.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EGV3.DE | EL4M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 0.71% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 1.23% | 2.64% | -1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.33% | 2.98% | -1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.68% | 4.04% | -2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.57% | 3.13% | -1.56% |
EGV3.DE vs. EL4M.DE - Expense Ratio Comparison
EGV3.DE has a 0.17% expense ratio, which is higher than EL4M.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
EGV3.DE vs. EL4M.DE - Dividend Comparison
EGV3.DE's dividend yield for the trailing twelve months is around 1.56%, less than EL4M.DE's 2.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EGV3.DE Amundi Euro Government Bond 1-3Y UCITS ETF Dist | 1.56% | 1.57% | 1.36% | 1.13% | 1.46% | 2.49% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL4M.DE Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF | 2.15% | 2.76% | 1.93% | 1.89% | 0.55% | 0.79% | 1.06% | 1.41% | 1.08% | 2.12% | 1.66% | 1.83% |
Frequently Asked Questions
EGV3.DE and EL4M.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4M.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4M.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for EGV3.DE.
EGV3.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond, while EL4M.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 3-5. They also come from different issuers: Amundi and Deka. Their fees differ too: 0.17% for EGV3.DE and 0.15% for EL4M.DE.
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