EL4A.DE vs. EL4T.DE
EL4A.DE (Deka DAX UCITS ETF) and EL4T.DE (Deka Deutsche Boerse EUROGOV Germany 3-5 UCITS ETF) are both exchange-traded funds - EL4A.DE is a Europe Equities fund tracking the DAX®, while EL4T.DE is a European Government Bonds fund tracking the Deutsche Börse EUROGOV® Germany 3-5. Both are passively managed. Over the past 10 years, EL4A.DE returned 8.89%/yr vs -0.56%/yr for EL4T.DE. At a correlation of -0.17, they often move in opposite directions. Both charge a 0.15% expense ratio.
Performance
EL4A.DE vs. EL4T.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EL4A.DE achieves a 1.28% return, which is significantly higher than EL4T.DE's -0.14% return. Over the past 10 years, EL4A.DE has outperformed EL4T.DE with an annualized return of 8.89%, while EL4T.DE has yielded a comparatively lower -0.56% annualized return.
EL4A.DE
- 1D
- 0.51%
- 1M
- -0.07%
- YTD
- 1.28%
- 6M
- 3.34%
- 1Y
- 2.01%
- 3Y*
- 15.42%
- 5Y*
- 9.09%
- 10Y*
- 8.89%
EL4T.DE
- 1D
- 0.05%
- 1M
- -0.02%
- YTD
- -0.14%
- 6M
- -0.19%
- 1Y
- 0.11%
- 3Y*
- 1.95%
- 5Y*
- -0.85%
- 10Y*
- -0.56%
EL4A.DE vs. EL4T.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4A.DE Deka DAX UCITS ETF | 1.28% | 22.57% | 18.09% | 19.52% | -12.77% | 15.21% | 3.01% | 24.61% | -18.58% | 12.49% |
EL4T.DE Deka Deutsche Boerse EUROGOV Germany 3-5 UCITS ETF | -0.14% | 1.23% | 1.66% | 4.09% | -9.83% | -1.28% | -0.09% | -0.15% | 0.48% | -1.32% |
Correlation
The correlation between EL4A.DE and EL4T.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2009 | -0.17 |
The correlation between EL4A.DE and EL4T.DE shifts across timeframes, from -0.17 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EL4A.DE vs. EL4T.DE — Risk / Return Rank
EL4A.DE
EL4T.DE
EL4A.DE vs. EL4T.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka DAX UCITS ETF (EL4A.DE) and Deka Deutsche Boerse EUROGOV Germany 3-5 UCITS ETF (EL4T.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.
| EL4A.DE | EL4T.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.99 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | -0.07 | +0.25 |
| Martin ratioReturn relative to average drawdown | 0.56 | -0.17 | +0.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EL4A.DE | EL4T.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | -0.06 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | -0.24 | +0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | -0.21 | +0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.25 | +0.12 |
Drawdowns
EL4A.DE vs. EL4T.DE - Drawdown Comparison
The maximum EL4A.DE drawdown since its inception was -46.64%, which is greater than EL4T.DE's maximum drawdown of -13.89%. Use the drawdown chart below to compare losses from any high point for EL4A.DE and EL4T.DE.
Loading charts...
Drawdown Indicators
| EL4A.DE | EL4T.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.64% | -13.89% | -32.75% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -2.04% | -10.30% |
Max Drawdown (3Y)Largest decline over 3 years | -15.89% | -2.28% | -13.61% |
Max Drawdown (5Y)Largest decline over 5 years | -26.76% | -12.08% | -14.68% |
Max Drawdown (10Y)Largest decline over 10 years | -38.68% | -13.89% | -24.79% |
Current DrawdownCurrent decline from peak | -2.29% | -6.64% | +4.35% |
Average DrawdownAverage peak-to-trough decline | -8.91% | -3.05% | -5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 0.81% | +3.17% |
Volatility
EL4A.DE vs. EL4T.DE - Volatility Comparison
Deka DAX UCITS ETF (EL4A.DE) has a higher volatility of 5.14% compared to Deka Deutsche Boerse EUROGOV Germany 3-5 UCITS ETF (EL4T.DE) at 0.98%. This indicates that EL4A.DE's price experiences larger fluctuations and is considered to be riskier than EL4T.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EL4A.DE | EL4T.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 0.98% | +4.16% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 2.08% | +10.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.09% | 2.36% | +13.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 3.49% | +13.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 2.69% | +15.67% |
EL4A.DE vs. EL4T.DE - Expense Ratio Comparison
Both EL4A.DE and EL4T.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EL4A.DE vs. EL4T.DE - Dividend Comparison
EL4A.DE has not paid dividends to shareholders, while EL4T.DE's dividend yield for the trailing twelve months is around 1.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4A.DE Deka DAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.56% | 0.65% | 0.60% |
EL4T.DE Deka Deutsche Boerse EUROGOV Germany 3-5 UCITS ETF | 1.35% | 1.33% | 1.34% | 0.83% | 0.21% | 0.61% | 0.96% | 0.99% | 0.91% | 1.44% | 1.56% | 1.80% |
Frequently Asked Questions
EL4A.DE and EL4T.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EL4A.DE and EL4T.DE have the same expense ratio: 0.15% per year.
EL4A.DE is categorized as Europe Equities, while EL4T.DE is European Government Bonds. EL4A.DE tracks DAX®, while EL4T.DE tracks Deutsche Börse EUROGOV® Germany 3-5.
Find the right allocation for EL4A.DE and EL4T.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer