EIB5.DE vs. EL4S.DE
EIB5.DE (Invesco Euro Government Bond 3-5 Year UCITS ETF Dist) and EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) are both European Government Bonds funds - EIB5.DE tracks the Bloomberg Euro Government Select 3-5 while EL4S.DE tracks the Deutsche Börse EUROGOV® Germany 1-3. Both are passively managed. Over the past 5 years, EIB5.DE returned -0.40%/yr vs 0.39%/yr for EL4S.DE. A 0.74 correlation means they provide meaningful diversification when combined. EIB5.DE charges 0.10%/yr vs 0.15%/yr for EL4S.DE.
Performance
EIB5.DE vs. EL4S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EIB5.DE achieves a -0.71% return, which is significantly lower than EL4S.DE's 0.21% return.
EIB5.DE
- 1D
- -0.06%
- 1M
- -0.61%
- 6M
- -0.87%
- YTD
- -0.71%
- 1Y
- 0.23%
- 3Y*
- 2.75%
- 5Y*
- -0.40%
- 10Y*
- —
EL4S.DE
- 1D
- -0.03%
- 1M
- -0.12%
- 6M
- 0.13%
- YTD
- 0.21%
- 1Y
- 0.58%
- 3Y*
- 2.27%
- 5Y*
- 0.39%
- 10Y*
- -0.20%
EIB5.DE vs. EL4S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EIB5.DE Invesco Euro Government Bond 3-5 Year UCITS ETF Dist | -0.71% | 2.92% | 2.22% | 5.31% | -10.04% | -1.25% | 1.21% | -1.13% |
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 0.21% | 1.65% | 2.76% | 2.50% | -4.56% | -0.96% | -0.79% | -0.80% |
Correlation
The correlation between EIB5.DE and EL4S.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2019 | 0.74 |
Over the past year, the correlation between EIB5.DE and EL4S.DE has dropped to 0.47 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
EIB5.DE vs. EL4S.DE — Risk / Return Rank
EIB5.DE
EL4S.DE
EIB5.DE vs. EL4S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Government Bond 3-5 Year UCITS ETF Dist (EIB5.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.
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.
| EIB5.DE | EL4S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.09 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 0.56 | -0.47 |
| Martin ratioReturn relative to average drawdown | 0.21 | 1.73 | -1.52 |
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Drawdowns
EIB5.DE vs. EL4S.DE - Drawdown Comparison
The maximum EIB5.DE drawdown since its inception was -12.19%, which is greater than EL4S.DE's maximum drawdown of -9.45%. Use the drawdown chart below to compare losses from any high point for EIB5.DE and EL4S.DE.
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Drawdown Indicators
| EIB5.DE | EL4S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.19% | -9.45% | -2.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -1.03% | -1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -2.54% | -1.03% | -1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -12.06% | -5.86% | -6.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.43% | — |
Current DrawdownCurrent decline from peak | -2.50% | -2.07% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -2.17% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.33% | +0.76% |
Volatility
EIB5.DE vs. EL4S.DE - Volatility Comparison
Invesco Euro Government Bond 3-5 Year UCITS ETF Dist (EIB5.DE) has a higher volatility of 1.39% compared to Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) at 0.33%. This indicates that EIB5.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
| EIB5.DE | EL4S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 0.33% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 1.00% | +2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 1.15% | +2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.84% | 1.47% | +2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.44% | 1.13% | +2.31% |
EIB5.DE vs. EL4S.DE - Expense Ratio Comparison
EIB5.DE has a 0.10% expense ratio, which is lower than EL4S.DE's 0.15% 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
EIB5.DE vs. EL4S.DE - Dividend Comparison
EIB5.DE's dividend yield for the trailing twelve months is around 2.49%, more than EL4S.DE's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIB5.DE Invesco Euro Government Bond 3-5 Year UCITS ETF Dist | 2.49% | 2.50% | 2.73% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 1.49% | 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
EIB5.DE and EL4S.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIB5.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIB5.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for EL4S.DE.
EIB5.DE tracks Bloomberg Euro Government Select 3-5, while EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3. They also come from different issuers: Invesco and Deka. Their fees differ too: 0.10% for EIB5.DE and 0.15% for EL4S.DE.
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