EIBX.DE vs. EL4R.DE
EIBX.DE (Invesco Euro Government Bond 7-10 Year UCITS ETF Dist) and EL4R.DE (Deka Deutsche Boerse EUROGOV Germany UCITS ETF) are both European Government Bonds funds - EIBX.DE tracks the Bloomberg Euro Government Select 7-10 while EL4R.DE tracks the Deutsche Börse EUROGOV® Germany 1-10. Both are passively managed. Over the past 5 years, EIBX.DE returned -2.61%/yr vs -1.89%/yr for EL4R.DE. Their correlation of 0.88 suggests significant overlap in exposure. EIBX.DE charges 0.10%/yr vs 0.15%/yr for EL4R.DE.
Performance
EIBX.DE vs. EL4R.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EIBX.DE achieves a -0.50% return, which is significantly lower than EL4R.DE's -0.23% return.
EIBX.DE
- 1D
- -0.13%
- 1M
- -1.31%
- 6M
- -1.02%
- YTD
- -0.50%
- 1Y
- 0.46%
- 3Y*
- 2.68%
- 5Y*
- -2.61%
- 10Y*
- —
EL4R.DE
- 1D
- -0.12%
- 1M
- -0.64%
- 6M
- -0.63%
- YTD
- -0.23%
- 1Y
- -0.23%
- 3Y*
- 1.77%
- 5Y*
- -1.89%
- 10Y*
- -0.91%
EIBX.DE vs. EL4R.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EIBX.DE Invesco Euro Government Bond 7-10 Year UCITS ETF Dist | -0.50% | 1.88% | 0.91% | 8.83% | -19.82% | -2.95% | 4.27% | -3.35% |
EL4R.DE Deka Deutsche Boerse EUROGOV Germany UCITS ETF | -0.23% | 0.60% | 1.24% | 4.55% | -13.49% | -1.97% | 0.95% | -2.67% |
Correlation
The correlation between EIBX.DE and EL4R.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
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 | 0.88 |
The correlation between EIBX.DE and EL4R.DE has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.
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Return for Risk
EIBX.DE vs. EL4R.DE — Risk / Return Rank
EIBX.DE
EL4R.DE
EIBX.DE vs. EL4R.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Government Bond 7-10 Year UCITS ETF Dist (EIBX.DE) and Deka Deutsche Boerse EUROGOV Germany UCITS ETF (EL4R.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.
| EIBX.DE | EL4R.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.99 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | -0.09 | +0.21 |
| Martin ratioReturn relative to average drawdown | 0.28 | -0.21 | +0.49 |
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Drawdowns
EIBX.DE vs. EL4R.DE - Drawdown Comparison
The maximum EIBX.DE drawdown since its inception was -23.08%, which is greater than EL4R.DE's maximum drawdown of -18.12%. Use the drawdown chart below to compare losses from any high point for EIBX.DE and EL4R.DE.
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Drawdown Indicators
| EIBX.DE | EL4R.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.08% | -18.12% | -4.96% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -2.40% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -2.76% | -1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -16.17% | -6.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.12% | — |
Current DrawdownCurrent decline from peak | -13.74% | -11.80% | -1.94% |
Average DrawdownAverage peak-to-trough decline | -11.09% | -4.22% | -6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.08% | +0.53% |
Volatility
EIBX.DE vs. EL4R.DE - Volatility Comparison
Invesco Euro Government Bond 7-10 Year UCITS ETF Dist (EIBX.DE) has a higher volatility of 1.55% compared to Deka Deutsche Boerse EUROGOV Germany UCITS ETF (EL4R.DE) at 0.77%. This indicates that EIBX.DE's price experiences larger fluctuations and is considered to be riskier than EL4R.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIBX.DE | EL4R.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 0.77% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 2.58% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.14% | 2.97% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.43% | 4.53% | +2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.56% | 3.57% | +2.99% |
EIBX.DE vs. EL4R.DE - Expense Ratio Comparison
EIBX.DE has a 0.10% expense ratio, which is lower than EL4R.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
EIBX.DE vs. EL4R.DE - Dividend Comparison
EIBX.DE's dividend yield for the trailing twelve months is around 3.01%, more than EL4R.DE's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIBX.DE Invesco Euro Government Bond 7-10 Year UCITS ETF Dist | 3.01% | 2.89% | 2.87% | 2.43% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL4R.DE Deka Deutsche Boerse EUROGOV Germany UCITS ETF | 1.39% | 1.12% | 0.66% | 0.26% | 0.16% | 0.25% | 0.35% | 0.62% | 0.74% | 1.62% | 2.14% | 2.60% |
Frequently Asked Questions
EIBX.DE and EL4R.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIBX.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIBX.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for EL4R.DE.
EIBX.DE tracks Bloomberg Euro Government Select 7-10, while EL4R.DE tracks Deutsche Börse EUROGOV® Germany 1-10. They also come from different issuers: Invesco and Deka. Their fees differ too: 0.10% for EIBX.DE and 0.15% for EL4R.DE.
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