EL4E.DE vs. EL4S.DE
EL4E.DE (Deka STOXX Europe Strong Style Composite 40 UCITS ETF) and EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) are both exchange-traded funds - EL4E.DE is a Europe Equities fund tracking the STOXX Europe Strong Style Composite 40 Index, while EL4S.DE is a European Government Bonds fund tracking the Deutsche Börse EUROGOV® Germany 1-3. Both are passively managed. Over the past 10 years, EL4E.DE returned 8.89%/yr vs -0.20%/yr for EL4S.DE. At a correlation of -0.12, they often move in opposite directions. EL4E.DE charges 0.66%/yr vs 0.15%/yr for EL4S.DE.
Performance
EL4E.DE vs. EL4S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4E.DE achieves a 6.79% return, which is significantly higher than EL4S.DE's 0.25% return. Over the past 10 years, EL4E.DE has outperformed EL4S.DE with an annualized return of 8.89%, while EL4S.DE has yielded a comparatively lower -0.20% annualized return.
EL4E.DE
- 1D
- -0.17%
- 1M
- -0.50%
- 6M
- 0.99%
- YTD
- 6.79%
- 1Y
- 9.67%
- 3Y*
- 10.78%
- 5Y*
- 2.65%
- 10Y*
- 8.89%
EL4S.DE
- 1D
- 0.01%
- 1M
- -0.09%
- 6M
- 0.09%
- YTD
- 0.25%
- 1Y
- 0.67%
- 3Y*
- 2.34%
- 5Y*
- 0.40%
- 10Y*
- -0.20%
EL4E.DE vs. EL4S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4E.DE Deka STOXX Europe Strong Style Composite 40 UCITS ETF | 6.79% | 10.62% | 11.03% | 16.21% | -27.49% | 23.99% | 14.63% | 31.38% | -7.27% | 14.23% |
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 0.25% | 1.65% | 2.76% | 2.50% | -4.56% | -0.96% | -0.79% | -0.84% | -0.57% | -1.08% |
Correlation
The correlation between EL4E.DE and EL4S.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2009 | -0.12 |
The correlation between EL4E.DE and EL4S.DE shifts across timeframes, from -0.12 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EL4E.DE vs. EL4S.DE — Risk / Return Rank
EL4E.DE
EL4S.DE
EL4E.DE vs. EL4S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka STOXX Europe Strong Style Composite 40 UCITS ETF (EL4E.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.
| EL4E.DE | EL4S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.11 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 0.65 | +0.21 |
| Martin ratioReturn relative to average drawdown | 2.36 | 2.01 | +0.35 |
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Drawdowns
EL4E.DE vs. EL4S.DE - Drawdown Comparison
The maximum EL4E.DE drawdown since its inception was -50.61%, 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 EL4E.DE and EL4S.DE.
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Drawdown Indicators
| EL4E.DE | EL4S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.61% | -9.45% | -41.16% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -1.03% | -11.96% |
Max Drawdown (3Y)Largest decline over 3 years | -22.95% | -1.03% | -21.92% |
Max Drawdown (5Y)Largest decline over 5 years | -40.69% | -5.86% | -34.83% |
Max Drawdown (10Y)Largest decline over 10 years | -40.69% | -9.43% | -31.26% |
Current DrawdownCurrent decline from peak | -3.49% | -2.03% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -12.61% | -2.17% | -10.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 0.33% | +4.38% |
Volatility
EL4E.DE vs. EL4S.DE - Volatility Comparison
Deka STOXX Europe Strong Style Composite 40 UCITS ETF (EL4E.DE) has a higher volatility of 5.26% compared to Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) at 0.33%. This indicates that EL4E.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
| EL4E.DE | EL4S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 0.33% | +4.93% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 1.01% | +13.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 1.15% | +17.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.43% | 1.47% | +20.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 1.13% | +18.86% |
EL4E.DE vs. EL4S.DE - Expense Ratio Comparison
EL4E.DE has a 0.66% expense ratio, which is higher than EL4S.DE's 0.15% expense ratio.
Dividends
EL4E.DE vs. EL4S.DE - Dividend Comparison
EL4E.DE's dividend yield for the trailing twelve months is around 1.30%, less than EL4S.DE's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4E.DE Deka STOXX Europe Strong Style Composite 40 UCITS ETF | 1.30% | 0.93% | 1.28% | 0.60% | 2.51% | 0.23% | 0.95% | 1.28% | 1.02% | 0.23% | 2.62% | 1.99% |
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
EL4E.DE and EL4S.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4S.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4S.DE is cheaper with a 0.15% expense ratio, compared with 0.66% for EL4E.DE.
EL4E.DE is categorized as Europe Equities, while EL4S.DE is European Government Bonds. EL4E.DE tracks STOXX Europe Strong Style Composite 40 Index, while EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3. Their fees differ too: 0.66% for EL4E.DE and 0.15% for EL4S.DE.
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