EL4K.DE vs. SECD.DE
EL4K.DE (Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF) and SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) are both European Government Bonds funds - EL4K.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 1-10 while SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. Both are passively managed. Over the past 5 years, EL4K.DE returned -1.75%/yr vs -1.91%/yr for SECD.DE. Their correlation of 0.89 suggests significant overlap in exposure. EL4K.DE charges 0.15%/yr vs 0.09%/yr for SECD.DE.
Performance
EL4K.DE vs. SECD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EL4K.DE having a 1.10% return and SECD.DE slightly higher at 1.15%.
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%
SECD.DE
- 1D
- 0.00%
- 1M
- 0.74%
- YTD
- 1.15%
- 6M
- 1.39%
- 1Y
- 1.24%
- 3Y*
- 2.42%
- 5Y*
- -1.91%
- 10Y*
- —
EL4K.DE vs. SECD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EL4K.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF | 1.10% | 1.88% | 1.40% | 7.39% | -18.13% | -2.54% | 0.74% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 1.15% | 0.66% | 1.63% | 7.05% | -18.20% | -3.36% | 1.22% |
Correlation
The correlation between EL4K.DE and SECD.DE is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020 | 0.89 |
Over the past year, the correlation between EL4K.DE and SECD.DE has dropped to 0.65 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
EL4K.DE vs. SECD.DE — Risk / Return Rank
EL4K.DE
SECD.DE
EL4K.DE vs. SECD.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 Euro Government Bond Climate UCITS ETF EUR Dist (SECD.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 | SECD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| 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 | 0.97 | +0.21 |
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Drawdowns
EL4K.DE vs. SECD.DE - Drawdown Comparison
The maximum EL4K.DE drawdown since its inception was -21.22%, roughly equal to the maximum SECD.DE drawdown of -22.08%. Use the drawdown chart below to compare losses from any high point for EL4K.DE and SECD.DE.
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Drawdown Indicators
| EL4K.DE | SECD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.22% | -22.08% | +0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -3.38% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -3.46% | -3.92% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -21.02% | -21.15% | +0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -21.22% | — | — |
Current DrawdownCurrent decline from peak | -10.83% | -12.77% | +1.94% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -12.67% | +7.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 1.27% | +0.01% |
Volatility
EL4K.DE vs. SECD.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF (EL4K.DE) is 0.96%, while iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) has a volatility of 1.19%. This indicates that EL4K.DE experiences smaller price fluctuations and is considered to be less risky than SECD.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 | SECD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.19% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 4.06% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 4.80% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 6.50% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 6.21% | -1.09% |
EL4K.DE vs. SECD.DE - Expense Ratio Comparison
EL4K.DE has a 0.15% expense ratio, which is higher than SECD.DE's 0.09% 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. SECD.DE - Dividend Comparison
EL4K.DE's dividend yield for the trailing twelve months is around 2.49%, less than SECD.DE's 2.68% 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% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.68% | 2.59% | 2.30% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EL4K.DE and SECD.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SECD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECD.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for EL4K.DE.
EL4K.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10, while SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. They also come from different issuers: Deka and iShares. Their fees differ too: 0.15% for EL4K.DE and 0.09% for SECD.DE.
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