EL4M.DE vs. EL4F.DE
EL4M.DE (Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF) and EL4F.DE (Deka DAX (ausschüttend) UCITS ETF) are both exchange-traded funds - EL4M.DE is a European Government Bonds fund tracking the iBoxx® EUR Liquid Sovereigns Diversified 3-5, while EL4F.DE is a Europe Equities fund tracking the DAX®. Both are passively managed. Over the past 10 years, EL4M.DE returned -0.03%/yr vs 8.87%/yr for EL4F.DE. At a 0.07 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
EL4M.DE vs. EL4F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4M.DE achieves a -0.10% return, which is significantly lower than EL4F.DE's 1.34% return. Over the past 10 years, EL4M.DE has underperformed EL4F.DE with an annualized return of -0.03%, while EL4F.DE has yielded a comparatively higher 8.87% annualized return.
EL4M.DE
- 1D
- 0.08%
- 1M
- 0.06%
- YTD
- -0.10%
- 6M
- -0.01%
- 1Y
- 0.69%
- 3Y*
- 2.75%
- 5Y*
- -0.53%
- 10Y*
- -0.03%
EL4F.DE
- 1D
- 0.54%
- 1M
- -0.05%
- YTD
- 1.34%
- 6M
- 3.38%
- 1Y
- 2.04%
- 3Y*
- 15.44%
- 5Y*
- 9.08%
- 10Y*
- 8.87%
EL4M.DE vs. EL4F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4M.DE Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF | -0.10% | 2.42% | 2.21% | 5.36% | -11.06% | -1.40% | 1.14% | 1.77% | 0.17% | -0.21% |
EL4F.DE Deka DAX (ausschüttend) UCITS ETF | 1.34% | 22.54% | 18.07% | 19.54% | -12.81% | 15.13% | 2.76% | 24.66% | -18.50% | 12.62% |
Correlation
The correlation between EL4M.DE and EL4F.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2009 | 0.07 |
Over the past year, EL4M.DE and EL4F.DE have become more correlated (0.35) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
EL4M.DE vs. EL4F.DE — Risk / Return Rank
EL4M.DE
EL4F.DE
EL4M.DE vs. EL4F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF (EL4M.DE) and Deka DAX (ausschüttend) UCITS ETF (EL4F.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.
| EL4M.DE | EL4F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.04 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 0.18 | -0.04 |
| Martin ratioReturn relative to average drawdown | 0.39 | 0.57 | -0.18 |
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
| EL4M.DE | EL4F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 0.14 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 0.52 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | 0.48 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.36 | +0.12 |
Drawdowns
EL4M.DE vs. EL4F.DE - Drawdown Comparison
The maximum EL4M.DE drawdown since its inception was -13.53%, smaller than the maximum EL4F.DE drawdown of -45.08%. Use the drawdown chart below to compare losses from any high point for EL4M.DE and EL4F.DE.
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Drawdown Indicators
| EL4M.DE | EL4F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.53% | -45.08% | +31.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -12.36% | +9.73% |
Max Drawdown (3Y)Largest decline over 3 years | -2.63% | -15.79% | +13.16% |
Max Drawdown (5Y)Largest decline over 5 years | -13.20% | -26.71% | +13.51% |
Max Drawdown (10Y)Largest decline over 10 years | -13.53% | -38.59% | +25.06% |
Current DrawdownCurrent decline from peak | -3.72% | -2.26% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -8.33% | +5.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 3.98% | -3.03% |
Volatility
EL4M.DE vs. EL4F.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF (EL4M.DE) is 1.19%, while Deka DAX (ausschüttend) UCITS ETF (EL4F.DE) has a volatility of 5.16%. This indicates that EL4M.DE experiences smaller price fluctuations and is considered to be less risky than EL4F.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4M.DE | EL4F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 5.16% | -3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 13.00% | -10.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 16.09% | -13.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.04% | 17.13% | -13.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.13% | 18.25% | -15.12% |
EL4M.DE vs. EL4F.DE - Expense Ratio Comparison
Both EL4M.DE and EL4F.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
EL4M.DE vs. EL4F.DE - Dividend Comparison
EL4M.DE's dividend yield for the trailing twelve months is around 2.17%, more than EL4F.DE's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4F.DE Deka DAX (ausschüttend) UCITS ETF | 1.80% | 1.82% | 2.10% | 2.63% | 2.72% | 1.86% | 2.19% | 2.42% | 2.94% | 2.76% | 2.66% | 2.70% |
EL4M.DE Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF | 2.17% | 2.76% | 1.93% | 1.89% | 0.55% | 0.79% | 1.06% | 1.41% | 1.08% | 2.12% | 1.66% | 1.83% |
Frequently Asked Questions
EL4M.DE and EL4F.DE have a correlation of 0.35, 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.
EL4M.DE and EL4F.DE have the same expense ratio: 0.15% per year.
EL4M.DE is categorized as European Government Bonds, while EL4F.DE is Europe Equities. EL4M.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 3-5, while EL4F.DE tracks DAX®.
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