EL4F.DE vs. EL4R.DE
EL4F.DE (Deka DAX (ausschüttend) UCITS ETF) and EL4R.DE (Deka Deutsche Boerse EUROGOV Germany UCITS ETF) are both exchange-traded funds - EL4F.DE is a Europe Equities fund tracking the DAX®, while EL4R.DE is a European Government Bonds fund tracking the Deutsche Börse EUROGOV® Germany 1-10. Both are passively managed. Over the past 10 years, EL4F.DE returned 8.95%/yr vs -0.89%/yr for EL4R.DE. At a correlation of -0.18, they often move in opposite directions. Both charge a 0.15% expense ratio.
Performance
EL4F.DE vs. EL4R.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4F.DE achieves a 1.60% return, which is significantly higher than EL4R.DE's -0.10% return. Over the past 10 years, EL4F.DE has outperformed EL4R.DE with an annualized return of 8.95%, while EL4R.DE has yielded a comparatively lower -0.89% annualized return.
EL4F.DE
- 1D
- -0.44%
- 1M
- 0.43%
- 6M
- -1.47%
- YTD
- 1.60%
- 1Y
- 3.44%
- 3Y*
- 15.18%
- 5Y*
- 9.35%
- 10Y*
- 8.95%
EL4R.DE
- 1D
- 0.01%
- 1M
- -0.52%
- 6M
- -0.53%
- YTD
- -0.10%
- 1Y
- 0.04%
- 3Y*
- 1.87%
- 5Y*
- -1.87%
- 10Y*
- -0.89%
EL4F.DE vs. EL4R.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4F.DE Deka DAX (ausschüttend) UCITS ETF | 1.60% | 22.54% | 18.07% | 19.54% | -12.81% | 15.13% | 2.76% | 24.66% | -18.50% | 12.43% |
EL4R.DE Deka Deutsche Boerse EUROGOV Germany UCITS ETF | -0.10% | 0.60% | 1.24% | 4.55% | -13.49% | -1.97% | 0.95% | 0.91% | 1.09% | -1.06% |
Correlation
The correlation between EL4F.DE and EL4R.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2009 | -0.18 |
The correlation between EL4F.DE and EL4R.DE shifts across timeframes, from -0.18 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EL4F.DE vs. EL4R.DE — Risk / Return Rank
EL4F.DE
EL4R.DE
EL4F.DE vs. EL4R.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka DAX (ausschüttend) UCITS ETF (EL4F.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.
| EL4F.DE | EL4R.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 | 1.05 | 1.01 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 0.02 | +0.26 |
| Martin ratioReturn relative to average drawdown | 0.87 | 0.04 | +0.83 |
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Drawdowns
EL4F.DE vs. EL4R.DE - Drawdown Comparison
The maximum EL4F.DE drawdown since its inception was -45.32%, 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 EL4F.DE and EL4R.DE.
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Drawdown Indicators
| EL4F.DE | EL4R.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.32% | -18.12% | -27.20% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -2.40% | -9.96% |
Max Drawdown (3Y)Largest decline over 3 years | -15.79% | -2.76% | -13.03% |
Max Drawdown (5Y)Largest decline over 5 years | -26.70% | -16.17% | -10.53% |
Max Drawdown (10Y)Largest decline over 10 years | -38.59% | -18.12% | -20.47% |
Current DrawdownCurrent decline from peak | -3.11% | -11.69% | +8.58% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -4.22% | -4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 1.07% | +2.87% |
Volatility
EL4F.DE vs. EL4R.DE - Volatility Comparison
Deka DAX (ausschüttend) UCITS ETF (EL4F.DE) has a higher volatility of 4.68% compared to Deka Deutsche Boerse EUROGOV Germany UCITS ETF (EL4R.DE) at 0.77%. This indicates that EL4F.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
| EL4F.DE | EL4R.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 0.77% | +3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 13.67% | 2.58% | +11.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 2.97% | +13.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 4.53% | +12.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 3.57% | +14.43% |
EL4F.DE vs. EL4R.DE - Expense Ratio Comparison
Both EL4F.DE and EL4R.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
EL4F.DE vs. EL4R.DE - Dividend Comparison
EL4F.DE's dividend yield for the trailing twelve months is around 2.11%, more than EL4R.DE's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4F.DE Deka DAX (ausschüttend) UCITS ETF | 2.11% | 1.82% | 2.10% | 2.63% | 2.72% | 1.86% | 2.19% | 2.42% | 2.94% | 2.60% | 2.66% | 2.70% |
EL4R.DE Deka Deutsche Boerse EUROGOV Germany UCITS ETF | 1.38% | 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
EL4F.DE and EL4R.DE have a correlation of 0.36, 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.
EL4F.DE and EL4R.DE have the same expense ratio: 0.15% per year.
EL4F.DE is categorized as Europe Equities, while EL4R.DE is European Government Bonds. EL4F.DE tracks DAX®, while EL4R.DE tracks Deutsche Börse EUROGOV® Germany 1-10.
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