EL4K.DE vs. EAH.DE
EL4K.DE (Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF) and EAH.DE (Amundi Euro Government Green Bond UCITS ETF Acc) are both European Government Bonds funds - EL4K.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 1-10 while EAH.DE tracks the Solactive Euro Government Green Bond. Both are passively managed. Over the past 5 years, EL4K.DE returned -1.75%/yr vs -5.48%/yr for EAH.DE. Their correlation of 0.94 suggests significant overlap in exposure. EL4K.DE charges 0.15%/yr vs 0.20%/yr for EAH.DE.
Performance
EL4K.DE vs. EAH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4K.DE achieves a 1.10% return, which is significantly lower than EAH.DE's 1.55% return.
EL4K.DE
- 1D
- 0.10%
- 1M
- 0.81%
- YTD
- 1.10%
- 6M
- 1.24%
- 1Y
- 1.52%
- 3Y*
- 2.82%
- 5Y*
- -1.75%
- 10Y*
- -0.21%
EAH.DE
- 1D
- 0.00%
- 1M
- 1.09%
- YTD
- 1.55%
- 6M
- 1.73%
- 1Y
- 0.28%
- 3Y*
- 1.13%
- 5Y*
- -5.48%
- 10Y*
- —
EL4K.DE vs. EAH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EL4K.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF | 1.10% | 1.88% | 1.40% | 7.39% | -18.13% | -0.61% |
EAH.DE Amundi Euro Government Green Bond UCITS ETF Acc | 1.55% | -2.11% | -0.57% | 8.84% | -30.65% | 1.11% |
Correlation
The correlation between EL4K.DE and EAH.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.94 |
The correlation between EL4K.DE and EAH.DE has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
EL4K.DE vs. EAH.DE — Risk / Return Rank
EL4K.DE
EAH.DE
EL4K.DE vs. EAH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF (EL4K.DE) and Amundi Euro Government Green Bond UCITS ETF Acc (EAH.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.
| EL4K.DE | EAH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.01 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 0.06 | +0.39 |
| Martin ratioReturn relative to average drawdown | 1.18 | 0.13 | +1.05 |
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Drawdowns
EL4K.DE vs. EAH.DE - Drawdown Comparison
The maximum EL4K.DE drawdown since its inception was -21.22%, smaller than the maximum EAH.DE drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for EL4K.DE and EAH.DE.
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Drawdown Indicators
| EL4K.DE | EAH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.22% | -36.30% | +15.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -4.72% | +1.34% |
Max Drawdown (3Y)Largest decline over 3 years | -3.46% | -7.80% | +4.34% |
Max Drawdown (5Y)Largest decline over 5 years | -21.02% | -36.30% | +15.28% |
Max Drawdown (10Y)Largest decline over 10 years | -21.22% | — | — |
Current DrawdownCurrent decline from peak | -10.83% | -28.52% | +17.69% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -25.33% | +20.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 2.11% | -0.83% |
Volatility
EL4K.DE vs. EAH.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF (EL4K.DE) is 0.96%, while Amundi Euro Government Green Bond UCITS ETF Acc (EAH.DE) has a volatility of 1.69%. This indicates that EL4K.DE experiences smaller price fluctuations and is considered to be less risky than EAH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4K.DE | EAH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.69% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 5.31% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 6.50% | -2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 10.79% | -4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 10.79% | -5.67% |
EL4K.DE vs. EAH.DE - Expense Ratio Comparison
EL4K.DE has a 0.15% expense ratio, which is lower than EAH.DE's 0.20% 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
EL4K.DE vs. EAH.DE - Dividend Comparison
EL4K.DE's dividend yield for the trailing twelve months is around 2.49%, while EAH.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAH.DE Amundi Euro Government Green Bond UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL4K.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF | 2.49% | 1.58% | 1.25% | 1.24% | 0.56% | 0.60% | 0.67% | 0.89% | 0.81% | 1.90% | 1.92% | 2.45% |
Frequently Asked Questions
With a correlation of 0.93, EL4K.DE and EAH.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EL4K.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4K.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for EAH.DE.
EL4K.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10, while EAH.DE tracks Solactive Euro Government Green Bond. They also come from different issuers: Deka and Amundi. Their fees differ too: 0.15% for EL4K.DE and 0.20% for EAH.DE.
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