EL4L.DE vs. EL4X.DE
EL4L.DE (Deka iBoxx EUR Liquid Sovereign Diversified 1-3 UCITS ETF) and EL4X.DE (Deka DAXplus Maximum Dividend UCITS ETF) are both exchange-traded funds - EL4L.DE is a European Government Bonds fund tracking the iBoxx® EUR Liquid Sovereigns Diversified 1-3, while EL4X.DE is a Europe Equities fund tracking the DAXplus® Maximum Dividend. Both are passively managed. Over the past 10 years, EL4L.DE returned 0.25%/yr vs 3.27%/yr for EL4X.DE. At a 0.11 correlation, their price movements are largely independent. EL4L.DE charges 0.15%/yr vs 0.30%/yr for EL4X.DE.
Performance
EL4L.DE vs. EL4X.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4L.DE achieves a 0.31% return, which is significantly lower than EL4X.DE's 6.52% return. Over the past 10 years, EL4L.DE has underperformed EL4X.DE with an annualized return of 0.25%, while EL4X.DE has yielded a comparatively higher 3.27% annualized return.
EL4L.DE
- 1D
- -0.03%
- 1M
- 0.32%
- YTD
- 0.31%
- 6M
- 0.44%
- 1Y
- 0.92%
- 3Y*
- 3.28%
- 5Y*
- 0.68%
- 10Y*
- 0.25%
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%
EL4L.DE vs. EL4X.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 | 0.31% | 2.33% | 4.11% | 3.62% | -6.25% | -0.92% | -0.03% | 0.22% | -0.09% | -0.55% |
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 EL4L.DE and EL4X.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2009 | 0.11 |
Over the past year, EL4L.DE and EL4X.DE have become more correlated (0.33) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
EL4L.DE vs. EL4X.DE — Risk / Return Rank
EL4L.DE
EL4X.DE
EL4L.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 1-3 UCITS ETF (EL4L.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.
| EL4L.DE | EL4X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.11 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 0.88 | -0.30 |
| Martin ratioReturn relative to average drawdown | 1.62 | 1.89 | -0.26 |
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Drawdowns
EL4L.DE vs. EL4X.DE - Drawdown Comparison
The maximum EL4L.DE drawdown since its inception was -8.73%, smaller than the maximum EL4X.DE drawdown of -52.91%. Use the drawdown chart below to compare losses from any high point for EL4L.DE and EL4X.DE.
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Drawdown Indicators
| EL4L.DE | EL4X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.73% | -52.91% | +44.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.60% | -9.87% | +8.27% |
Max Drawdown (3Y)Largest decline over 3 years | -1.60% | -16.60% | +15.00% |
Max Drawdown (5Y)Largest decline over 5 years | -7.74% | -34.51% | +26.77% |
Max Drawdown (10Y)Largest decline over 10 years | -8.73% | -52.91% | +44.18% |
Current DrawdownCurrent decline from peak | -0.45% | -2.41% | +1.96% |
Average DrawdownAverage peak-to-trough decline | -1.26% | -12.10% | +10.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 4.60% | -4.03% |
Volatility
EL4L.DE vs. EL4X.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Sovereign Diversified 1-3 UCITS ETF (EL4L.DE) is 0.49%, while Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) has a volatility of 4.66%. This indicates that EL4L.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
| EL4L.DE | EL4X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 4.66% | -4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.49% | 12.17% | -10.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.71% | 15.36% | -13.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.31% | 16.91% | -14.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.74% | 18.10% | -16.36% |
EL4L.DE vs. EL4X.DE - Expense Ratio Comparison
EL4L.DE has a 0.15% expense ratio, which is lower than EL4X.DE's 0.30% expense ratio.
Dividends
EL4L.DE vs. EL4X.DE - Dividend Comparison
EL4L.DE's dividend yield for the trailing twelve months is around 1.65%, less than EL4X.DE's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4L.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-3 UCITS ETF | 1.65% | 1.36% | 2.78% | 0.26% | 0.34% | 0.41% | 0.51% | 1.07% | 0.69% | 1.55% | 1.58% | 1.85% |
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
EL4L.DE and EL4X.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4L.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4L.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for EL4X.DE.
EL4L.DE is categorized as European Government Bonds, while EL4X.DE is Europe Equities. EL4L.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-3, while EL4X.DE tracks DAXplus® Maximum Dividend. Their fees differ too: 0.15% for EL4L.DE and 0.30% for EL4X.DE.
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