EL4K.DE vs. XGEZ.DE
EL4K.DE (Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF) and XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) are both European Government Bonds funds - EL4K.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 1-10 while XGEZ.DE tracks the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. Both are passively managed. Over the past 3 years, EL4K.DE returned 2.82%/yr vs 1.15%/yr for XGEZ.DE. Their correlation of 0.94 suggests significant overlap in exposure. EL4K.DE charges 0.15%/yr vs 0.18%/yr for XGEZ.DE.
Performance
EL4K.DE vs. XGEZ.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 XGEZ.DE's 1.60% 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%
XGEZ.DE
- 1D
- 0.00%
- 1M
- 1.09%
- YTD
- 1.60%
- 6M
- 1.74%
- 1Y
- 0.26%
- 3Y*
- 1.15%
- 5Y*
- —
- 10Y*
- —
EL4K.DE vs. XGEZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EL4K.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF | 1.10% | 1.88% | 1.40% | 7.39% | -0.92% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 1.60% | -2.16% | -0.51% | 8.88% | -0.36% |
Correlation
The correlation between EL4K.DE and XGEZ.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.94 |
The correlation between EL4K.DE and XGEZ.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
EL4K.DE vs. XGEZ.DE — Risk / Return Rank
EL4K.DE
XGEZ.DE
EL4K.DE vs. XGEZ.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 Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.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 | XGEZ.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 | 0.12 | +1.06 |
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Drawdowns
EL4K.DE vs. XGEZ.DE - Drawdown Comparison
The maximum EL4K.DE drawdown since its inception was -21.22%, which is greater than XGEZ.DE's maximum drawdown of -13.63%. Use the drawdown chart below to compare losses from any high point for EL4K.DE and XGEZ.DE.
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Drawdown Indicators
| EL4K.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.22% | -13.63% | -7.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -4.70% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -3.46% | -7.88% | +4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -21.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.22% | — | — |
Current DrawdownCurrent decline from peak | -10.83% | -3.99% | -6.84% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -5.39% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 2.11% | -0.83% |
Volatility
EL4K.DE vs. XGEZ.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF (EL4K.DE) is 0.96%, while Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) has a volatility of 1.75%. This indicates that EL4K.DE experiences smaller price fluctuations and is considered to be less risky than XGEZ.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 | XGEZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.75% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 5.23% | -1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 6.42% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 9.92% | -3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 9.92% | -4.80% |
EL4K.DE vs. XGEZ.DE - Expense Ratio Comparison
EL4K.DE has a 0.15% expense ratio, which is lower than XGEZ.DE's 0.18% 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. XGEZ.DE - Dividend Comparison
EL4K.DE's dividend yield for the trailing twelve months is around 2.49%, more than XGEZ.DE's 2.06% 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% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.06% | 1.99% | 2.07% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, EL4K.DE and XGEZ.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 0.18% for XGEZ.DE.
EL4K.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10, while XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. They also come from different issuers: Deka and Xtrackers. Their fees differ too: 0.15% for EL4K.DE and 0.18% for XGEZ.DE.
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