EL4L.DE vs. D5BC.DE
EL4L.DE (Deka iBoxx EUR Liquid Sovereign Diversified 1-3 UCITS ETF) and D5BC.DE (Xtrackers II Germany Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - EL4L.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 1-3 while D5BC.DE tracks the iBoxx® EUR Germany 1-3. Both are passively managed. Over the past 10 years, EL4L.DE returned 0.07%/yr vs -0.22%/yr for D5BC.DE. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
EL4L.DE vs. D5BC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4L.DE achieves a -0.08% return, which is significantly lower than D5BC.DE's 0.01% return. Over the past 10 years, EL4L.DE has outperformed D5BC.DE with an annualized return of 0.07%, while D5BC.DE has yielded a comparatively lower -0.22% annualized return.
EL4L.DE
- 1D
- 0.01%
- 1M
- -0.01%
- YTD
- -0.08%
- 6M
- 0.05%
- 1Y
- 0.71%
- 3Y*
- 2.56%
- 5Y*
- 0.29%
- 10Y*
- 0.07%
D5BC.DE
- 1D
- 0.03%
- 1M
- 0.03%
- YTD
- 0.01%
- 6M
- 0.07%
- 1Y
- 0.64%
- 3Y*
- 2.03%
- 5Y*
- 0.22%
- 10Y*
- -0.22%
EL4L.DE vs. D5BC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4L.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-3 UCITS ETF | -0.08% | 2.34% | 2.62% | 3.63% | -6.25% | -0.92% | -0.04% | 0.22% | -0.09% | -0.55% |
D5BC.DE Xtrackers II Germany Government Bond 1-3 UCITS ETF | 0.01% | 1.69% | 2.24% | 2.60% | -4.78% | -0.95% | -0.76% | -0.89% | -0.01% | -1.07% |
Correlation
The correlation between EL4L.DE and D5BC.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2010 | 0.55 |
Over the past year, EL4L.DE and D5BC.DE have become more correlated (0.77) than their long-term average of 0.55, meaning their price movements have been converging.
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Return for Risk
EL4L.DE vs. D5BC.DE — Risk / Return Rank
EL4L.DE
D5BC.DE
EL4L.DE vs. D5BC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka iBoxx EUR Liquid Sovereign Diversified 1-3 UCITS ETF (EL4L.DE) and Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.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.
| EL4L.DE | D5BC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.09 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 0.46 | -0.13 |
| Martin ratioReturn relative to average drawdown | 0.97 | 1.39 | -0.42 |
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
| EL4L.DE | D5BC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 0.45 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.14 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | -0.18 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.14 | +0.36 |
Drawdowns
EL4L.DE vs. D5BC.DE - Drawdown Comparison
The maximum EL4L.DE drawdown since its inception was -8.73%, smaller than the maximum D5BC.DE drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for EL4L.DE and D5BC.DE.
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Drawdown Indicators
| EL4L.DE | D5BC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.73% | -9.22% | +0.49% |
Max Drawdown (1Y)Largest decline over 1 year | -1.61% | -1.08% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -1.61% | -1.08% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -7.75% | -6.12% | -1.63% |
Max Drawdown (10Y)Largest decline over 10 years | -8.73% | -9.22% | +0.49% |
Current DrawdownCurrent decline from peak | -0.84% | -2.33% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -2.32% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 0.36% | +0.18% |
Volatility
EL4L.DE vs. D5BC.DE - Volatility Comparison
Deka iBoxx EUR Liquid Sovereign Diversified 1-3 UCITS ETF (EL4L.DE) has a higher volatility of 0.58% compared to Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.DE) at 0.42%. This indicates that EL4L.DE's price experiences larger fluctuations and is considered to be riskier than D5BC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4L.DE | D5BC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 0.42% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1.46% | 1.01% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.71% | 1.11% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.25% | 1.57% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.70% | 1.21% | +0.49% |
EL4L.DE vs. D5BC.DE - Expense Ratio Comparison
Both EL4L.DE and D5BC.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
EL4L.DE vs. D5BC.DE - Dividend Comparison
EL4L.DE's dividend yield for the trailing twelve months is around 1.65%, more than D5BC.DE's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D5BC.DE Xtrackers II Germany Government Bond 1-3 UCITS ETF | 1.26% | 1.05% | 0.35% | 0.62% | 1.27% | 0.76% | 0.00% | 0.00% | 0.47% | 0.00% | 0.46% | 0.54% |
EL4L.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-3 UCITS ETF | 1.65% | 1.36% | 1.37% | 0.26% | 0.34% | 0.41% | 0.51% | 1.07% | 0.69% | 1.55% | 1.58% | 1.85% |
Frequently Asked Questions
EL4L.DE and D5BC.DE have a correlation of 0.77, 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.
EL4L.DE and D5BC.DE have the same expense ratio: 0.15% per year.
EL4L.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-3, while D5BC.DE tracks iBoxx® EUR Germany 1-3. They also come from different issuers: Deka and Xtrackers.
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