EL4M.DE vs. IBCM.DE
EL4M.DE (Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF) and IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) are both European Government Bonds funds - EL4M.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 3-5 while IBCM.DE tracks the Bloomberg Euro Government Bond 10. Both are passively managed. Over the past 10 years, EL4M.DE returned -0.03%/yr vs -0.17%/yr for IBCM.DE. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
EL4M.DE vs. IBCM.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 IBCM.DE's 0.27% return. Over the past 10 years, EL4M.DE has outperformed IBCM.DE with an annualized return of -0.03%, while IBCM.DE has yielded a comparatively lower -0.17% 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%
IBCM.DE
- 1D
- 0.06%
- 1M
- 0.02%
- YTD
- 0.27%
- 6M
- 0.03%
- 1Y
- 0.68%
- 3Y*
- 2.61%
- 5Y*
- -2.34%
- 10Y*
- -0.17%
EL4M.DE vs. IBCM.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% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.27% | 1.53% | 0.84% | 8.74% | -19.91% | -3.09% | 4.08% | 6.64% | 1.32% | 0.88% |
Correlation
The correlation between EL4M.DE and IBCM.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2009 | 0.77 |
The correlation between EL4M.DE and IBCM.DE shifts across timeframes, from 0.77 (all time) to 0.92 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL4M.DE vs. IBCM.DE — Risk / Return Rank
EL4M.DE
IBCM.DE
EL4M.DE vs. IBCM.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 iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.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 | IBCM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.01 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 0.03 | +0.11 |
| Martin ratioReturn relative to average drawdown | 0.39 | 0.08 | +0.31 |
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 | IBCM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 0.03 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | -0.31 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | -0.03 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.59 | -0.11 |
Drawdowns
EL4M.DE vs. IBCM.DE - Drawdown Comparison
The maximum EL4M.DE drawdown since its inception was -13.53%, smaller than the maximum IBCM.DE drawdown of -23.25%. Use the drawdown chart below to compare losses from any high point for EL4M.DE and IBCM.DE.
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Drawdown Indicators
| EL4M.DE | IBCM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.53% | -23.25% | +9.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -4.08% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -2.63% | -4.53% | +1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -13.20% | -22.90% | +9.70% |
Max Drawdown (10Y)Largest decline over 10 years | -13.53% | -23.25% | +9.72% |
Current DrawdownCurrent decline from peak | -3.72% | -13.71% | +9.99% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -5.23% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.53% | -0.58% |
Volatility
EL4M.DE vs. IBCM.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF (EL4M.DE) is 1.19%, while iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) has a volatility of 1.94%. This indicates that EL4M.DE experiences smaller price fluctuations and is considered to be less risky than IBCM.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 | IBCM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.94% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 4.20% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 5.00% | -2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.04% | 7.39% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.13% | 6.03% | -2.90% |
EL4M.DE vs. IBCM.DE - Expense Ratio Comparison
Both EL4M.DE and IBCM.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. IBCM.DE - Dividend Comparison
EL4M.DE's dividend yield for the trailing twelve months is around 2.17%, less than IBCM.DE's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.92% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
Frequently Asked Questions
EL4M.DE and IBCM.DE have a correlation of 0.84, 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 IBCM.DE have the same expense ratio: 0.15% per year.
EL4M.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 3-5, while IBCM.DE tracks Bloomberg Euro Government Bond 10. They also come from different issuers: Deka and iShares.
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