EL4K.DE vs. EUNH.DE
EL4K.DE (Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds - EL4K.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 1-10 while EUNH.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 10 years, EL4K.DE returned -0.21%/yr vs -0.33%/yr for EUNH.DE. Their correlation of 0.90 suggests significant overlap in exposure. EL4K.DE charges 0.15%/yr vs 0.07%/yr for EUNH.DE.
Performance
EL4K.DE vs. EUNH.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 EUNH.DE's 1.19% return. Over the past 10 years, EL4K.DE has outperformed EUNH.DE with an annualized return of -0.21%, while EUNH.DE has yielded a comparatively lower -0.33% 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%
EUNH.DE
- 1D
- 0.14%
- 1M
- 0.95%
- YTD
- 1.19%
- 6M
- 1.42%
- 1Y
- 1.29%
- 3Y*
- 2.51%
- 5Y*
- -1.97%
- 10Y*
- -0.33%
EL4K.DE vs. EUNH.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% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 1.19% | 0.80% | 1.52% | 6.83% | -18.31% | -3.38% | 4.72% | 6.76% | 0.86% | -0.13% |
Correlation
The correlation between EL4K.DE and EUNH.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2009 | 0.90 |
The correlation between EL4K.DE and EUNH.DE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
EL4K.DE vs. EUNH.DE — Risk / Return Rank
EL4K.DE
EUNH.DE
EL4K.DE vs. EUNH.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 iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.05 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 0.37 | +0.08 |
| Martin ratioReturn relative to average drawdown | 1.18 | 0.94 | +0.24 |
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Drawdowns
EL4K.DE vs. EUNH.DE - Drawdown Comparison
The maximum EL4K.DE drawdown since its inception was -21.22%, smaller than the maximum EUNH.DE drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for EL4K.DE and EUNH.DE.
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Drawdown Indicators
| EL4K.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.22% | -22.42% | +1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -3.48% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -3.46% | -4.10% | +0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -21.02% | -21.53% | +0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -21.22% | -22.42% | +1.20% |
Current DrawdownCurrent decline from peak | -10.83% | -13.02% | +2.19% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -5.82% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 1.37% | -0.09% |
Volatility
EL4K.DE vs. EUNH.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF (EL4K.DE) is 0.96%, while iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) has a volatility of 1.15%. This indicates that EL4K.DE experiences smaller price fluctuations and is considered to be less risky than EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.15% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 3.72% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 4.37% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 6.35% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 5.51% | -0.39% |
EL4K.DE vs. EUNH.DE - Expense Ratio Comparison
EL4K.DE has a 0.15% expense ratio, which is higher than EUNH.DE's 0.07% expense ratio. However, 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. EUNH.DE - Dividend Comparison
EL4K.DE's dividend yield for the trailing twelve months is around 2.49%, more than EUNH.DE's 2.46% 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% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 2.46% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
Frequently Asked Questions
With a correlation of 0.90, EL4K.DE and EUNH.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, EUNH.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNH.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for EL4K.DE.
EL4K.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Deka and iShares. Their fees differ too: 0.15% for EL4K.DE and 0.07% for EUNH.DE.
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