EL4K.DE vs. EL4A.DE
EL4K.DE (Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF) and EL4A.DE (Deka DAX UCITS ETF) are both exchange-traded funds - EL4K.DE is a European Government Bonds fund tracking the iBoxx® EUR Liquid Sovereigns Diversified 1-10, while EL4A.DE is a Europe Equities fund tracking the DAX®. Both are passively managed. Over the past 10 years, EL4K.DE returned -0.25%/yr vs 8.89%/yr for EL4A.DE. At a 0.03 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
EL4K.DE vs. EL4A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4K.DE achieves a 0.05% return, which is significantly lower than EL4A.DE's 1.28% return. Over the past 10 years, EL4K.DE has underperformed EL4A.DE with an annualized return of -0.25%, while EL4A.DE has yielded a comparatively higher 8.89% annualized return.
EL4K.DE
- 1D
- 0.01%
- 1M
- -0.03%
- YTD
- 0.05%
- 6M
- 0.07%
- 1Y
- 0.71%
- 3Y*
- 2.63%
- 5Y*
- -2.03%
- 10Y*
- -0.25%
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%
EL4K.DE vs. EL4A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4K.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF | 0.05% | 1.88% | 1.40% | 7.39% | -18.12% | -2.54% | 3.36% | 5.14% | 1.09% | 0.30% |
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% |
Correlation
The correlation between EL4K.DE and EL4A.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2009 | 0.03 |
Over the past year, EL4K.DE and EL4A.DE have become more correlated (0.38) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
EL4K.DE vs. EL4A.DE — Risk / Return Rank
EL4K.DE
EL4A.DE
EL4K.DE vs. EL4A.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 Deka DAX UCITS ETF (EL4A.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.
| EL4K.DE | EL4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.04 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 0.18 | -0.06 |
| Martin ratioReturn relative to average drawdown | 0.33 | 0.56 | -0.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EL4K.DE | EL4A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 0.14 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.52 | -0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.05 | 0.48 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.37 | +0.01 |
Drawdowns
EL4K.DE vs. EL4A.DE - Drawdown Comparison
The maximum EL4K.DE drawdown since its inception was -21.22%, smaller than the maximum EL4A.DE drawdown of -46.64%. Use the drawdown chart below to compare losses from any high point for EL4K.DE and EL4A.DE.
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Drawdown Indicators
| EL4K.DE | EL4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.22% | -46.64% | +25.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -12.34% | +8.96% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -15.89% | +12.25% |
Max Drawdown (5Y)Largest decline over 5 years | -21.02% | -26.76% | +5.74% |
Max Drawdown (10Y)Largest decline over 10 years | -21.22% | -38.68% | +17.46% |
Current DrawdownCurrent decline from peak | -11.77% | -2.29% | -9.48% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -8.91% | +3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 3.98% | -2.76% |
Volatility
EL4K.DE vs. EL4A.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF (EL4K.DE) is 1.56%, while Deka DAX UCITS ETF (EL4A.DE) has a volatility of 5.14%. This indicates that EL4K.DE experiences smaller price fluctuations and is considered to be less risky than EL4A.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 | EL4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 5.14% | -3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 12.97% | -9.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.90% | 16.09% | -12.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 17.18% | -10.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 18.36% | -13.24% |
EL4K.DE vs. EL4A.DE - Expense Ratio Comparison
Both EL4K.DE and EL4A.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
EL4K.DE vs. EL4A.DE - Dividend Comparison
EL4K.DE's dividend yield for the trailing twelve months is around 2.52%, while EL4A.DE has not paid dividends to shareholders.
| 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% |
EL4K.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF | 2.52% | 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
EL4K.DE and EL4A.DE have a correlation of 0.38, 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.
EL4K.DE and EL4A.DE have the same expense ratio: 0.15% per year.
EL4K.DE is categorized as European Government Bonds, while EL4A.DE is Europe Equities. EL4K.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10, while EL4A.DE tracks DAX®.
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