EIBB.DE vs. EL4P.DE
EIBB.DE (Invesco Euro Government Bond UCITS ETF Dist) and EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) are both European Government Bonds funds - EIBB.DE tracks the Bloomberg Euro Treasury Majors Bond while EL4P.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 7-10. Both are passively managed. Over the past 5 years, EIBB.DE returned -1.98%/yr vs -2.03%/yr for EL4P.DE. Their correlation of 0.94 suggests significant overlap in exposure. EIBB.DE charges 0.10%/yr vs 0.15%/yr for EL4P.DE.
Performance
EIBB.DE vs. EL4P.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EIBB.DE achieves a 1.28% return, which is significantly lower than EL4P.DE's 1.47% return.
EIBB.DE
- 1D
- 0.22%
- 1M
- 0.86%
- YTD
- 1.28%
- 6M
- 1.53%
- 1Y
- 1.30%
- 3Y*
- 2.47%
- 5Y*
- -1.98%
- 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%
EIBB.DE vs. EL4P.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EIBB.DE Invesco Euro Government Bond UCITS ETF Dist | 1.28% | 0.74% | 1.40% | 6.77% | -18.34% | -3.29% | 4.71% | -3.48% |
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 1.47% | 1.64% | 1.06% | 8.67% | -20.09% | -3.04% | 4.33% | -3.29% |
Correlation
The correlation between EIBB.DE and EL4P.DE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2019 | 0.94 |
Over the past year, the correlation between EIBB.DE and EL4P.DE has dropped to 0.71 - well below their long-term average of 0.94, suggesting their price drivers have been diverging.
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Return for Risk
EIBB.DE vs. EL4P.DE — Risk / Return Rank
EIBB.DE
EL4P.DE
EIBB.DE vs. EL4P.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Government Bond UCITS ETF Dist (EIBB.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.
| EIBB.DE | EL4P.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.07 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.45 | -0.07 |
| Martin ratioReturn relative to average drawdown | 1.04 | 1.16 | -0.13 |
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Drawdowns
EIBB.DE vs. EL4P.DE - Drawdown Comparison
The maximum EIBB.DE drawdown since its inception was -22.55%, roughly equal to the maximum EL4P.DE drawdown of -23.49%. Use the drawdown chart below to compare losses from any high point for EIBB.DE and EL4P.DE.
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Drawdown Indicators
| EIBB.DE | EL4P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.55% | -23.49% | +0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -4.09% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -4.03% | -4.43% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -21.67% | -23.13% | +1.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.49% | — |
Current DrawdownCurrent decline from peak | -13.12% | -12.62% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -11.22% | -5.57% | -5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.58% | -0.33% |
Volatility
EIBB.DE vs. EL4P.DE - Volatility Comparison
The current volatility for Invesco Euro Government Bond UCITS ETF Dist (EIBB.DE) is 1.03%, while Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) has a volatility of 1.28%. This indicates that EIBB.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
| EIBB.DE | EL4P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.28% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 4.13% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 4.93% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 7.49% | -1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.95% | 6.06% | -0.11% |
EIBB.DE vs. EL4P.DE - Expense Ratio Comparison
EIBB.DE has a 0.10% expense ratio, which is lower than EL4P.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
EIBB.DE vs. EL4P.DE - Dividend Comparison
EIBB.DE's dividend yield for the trailing twelve months is around 3.01%, less than EL4P.DE's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIBB.DE Invesco Euro Government Bond UCITS ETF Dist | 3.01% | 2.96% | 2.88% | 1.56% | 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
EIBB.DE and EL4P.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIBB.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIBB.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for EL4P.DE.
EIBB.DE tracks Bloomberg Euro Treasury Majors Bond, while EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10. They also come from different issuers: Invesco and Deka. Their fees differ too: 0.10% for EIBB.DE and 0.15% for EL4P.DE.
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