EL4K.DE vs. EL4X.DE
EL4K.DE (Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF) and EL4X.DE (Deka DAXplus Maximum Dividend 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 EL4X.DE is a Europe Equities fund tracking the DAXplus® Maximum Dividend. Both are passively managed. Over the past 10 years, EL4K.DE returned -0.21%/yr vs 3.27%/yr for EL4X.DE. At a 0.04 correlation, their price movements are largely independent. EL4K.DE charges 0.15%/yr vs 0.30%/yr for EL4X.DE.
Performance
EL4K.DE vs. EL4X.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 EL4X.DE's 6.52% return. Over the past 10 years, EL4K.DE has underperformed EL4X.DE with an annualized return of -0.21%, while EL4X.DE has yielded a comparatively higher 3.27% annualized 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%
EL4X.DE
- 1D
- 0.44%
- 1M
- -1.28%
- YTD
- 6.52%
- 6M
- 7.70%
- 1Y
- 8.71%
- 3Y*
- 9.77%
- 5Y*
- 2.63%
- 10Y*
- 3.27%
EL4K.DE vs. EL4X.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 | 1.10% | 1.88% | 1.40% | 7.39% | -18.13% | -2.54% | 3.36% | 5.14% | 1.09% | 0.30% |
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 6.52% | 14.14% | -1.45% | 26.37% | -20.07% | 9.05% | -2.95% | 11.71% | -18.87% | 5.70% |
Correlation
The correlation between EL4K.DE and EL4X.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 | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2009 | 0.04 |
Over the past year, EL4K.DE and EL4X.DE have become more correlated (0.38) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
EL4K.DE vs. EL4X.DE — Risk / Return Rank
EL4K.DE
EL4X.DE
EL4K.DE vs. EL4X.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 DAXplus Maximum Dividend UCITS ETF (EL4X.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 | EL4X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.11 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 0.88 | -0.43 |
| Martin ratioReturn relative to average drawdown | 1.18 | 1.89 | -0.71 |
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Drawdowns
EL4K.DE vs. EL4X.DE - Drawdown Comparison
The maximum EL4K.DE drawdown since its inception was -21.22%, smaller than the maximum EL4X.DE drawdown of -52.91%. Use the drawdown chart below to compare losses from any high point for EL4K.DE and EL4X.DE.
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Drawdown Indicators
| EL4K.DE | EL4X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.22% | -52.91% | +31.69% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -9.87% | +6.49% |
Max Drawdown (3Y)Largest decline over 3 years | -3.46% | -16.60% | +13.14% |
Max Drawdown (5Y)Largest decline over 5 years | -21.02% | -34.51% | +13.49% |
Max Drawdown (10Y)Largest decline over 10 years | -21.22% | -52.91% | +31.69% |
Current DrawdownCurrent decline from peak | -10.83% | -2.41% | -8.42% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -12.10% | +7.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 4.60% | -3.32% |
Volatility
EL4K.DE vs. EL4X.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF (EL4K.DE) is 0.96%, while Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) has a volatility of 4.66%. This indicates that EL4K.DE experiences smaller price fluctuations and is considered to be less risky than EL4X.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 | EL4X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 4.66% | -3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 12.17% | -8.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 15.36% | -11.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 16.91% | -10.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 18.10% | -12.98% |
EL4K.DE vs. EL4X.DE - Expense Ratio Comparison
EL4K.DE has a 0.15% expense ratio, which is lower than EL4X.DE's 0.30% expense ratio.
Dividends
EL4K.DE vs. EL4X.DE - Dividend Comparison
EL4K.DE's dividend yield for the trailing twelve months is around 2.49%, less than EL4X.DE's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 4.71% | 5.11% | 7.17% | 5.99% | 8.64% | 3.83% | 2.89% | 6.66% | 8.48% | 7.17% | 7.37% | 5.62% |
Frequently Asked Questions
EL4K.DE and EL4X.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.
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 0.30% for EL4X.DE.
EL4K.DE is categorized as European Government Bonds, while EL4X.DE is Europe Equities. EL4K.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10, while EL4X.DE tracks DAXplus® Maximum Dividend. Their fees differ too: 0.15% for EL4K.DE and 0.30% for EL4X.DE.
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