EL4N.DE vs. EL4A.DE
EL4N.DE (Deka iBoxx EUR Liquid Sovereign Diversified 5-7 UCITS ETF) and EL4A.DE (Deka DAX UCITS ETF) are both exchange-traded funds - EL4N.DE is a European Government Bonds fund tracking the iBoxx® EUR Liquid Sovereigns Diversified 5-7, while EL4A.DE is a Europe Equities fund tracking the DAX®. Both are passively managed. Over the past 10 years, EL4N.DE returned 0.01%/yr vs 8.89%/yr for EL4A.DE. At a 0.04 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
EL4N.DE vs. EL4A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4N.DE achieves a 0.04% return, which is significantly lower than EL4A.DE's 1.28% return. Over the past 10 years, EL4N.DE has underperformed EL4A.DE with an annualized return of 0.01%, while EL4A.DE has yielded a comparatively higher 8.89% annualized return.
EL4N.DE
- 1D
- 0.08%
- 1M
- -0.02%
- YTD
- 0.04%
- 6M
- 0.09%
- 1Y
- 0.81%
- 3Y*
- 2.88%
- 5Y*
- -1.36%
- 10Y*
- 0.01%
EL4A.DE
- 1D
- 0.51%
- 1M
- -0.07%
- YTD
- 1.28%
- 6M
- 3.34%
- 1Y
- 2.01%
- 3Y*
- 15.42%
- 5Y*
- 9.09%
- 10Y*
- 8.89%
EL4N.DE vs. EL4A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4N.DE Deka iBoxx EUR Liquid Sovereign Diversified 5-7 UCITS ETF | 0.04% | 2.08% | 1.72% | 7.32% | -15.78% | -2.17% | 3.22% | 4.28% | 0.72% | 0.43% |
EL4A.DE Deka DAX UCITS ETF | 1.28% | 22.57% | 18.09% | 19.52% | -12.77% | 15.21% | 3.01% | 24.61% | -18.58% | 12.49% |
Correlation
The correlation between EL4N.DE and EL4A.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
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 | 0.04 |
Over the past year, EL4N.DE and EL4A.DE have become more correlated (0.36) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
EL4N.DE vs. EL4A.DE — Risk / Return Rank
EL4N.DE
EL4A.DE
EL4N.DE vs. EL4A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka iBoxx EUR Liquid Sovereign Diversified 5-7 UCITS ETF (EL4N.DE) and Deka DAX UCITS ETF (EL4A.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.
| EL4N.DE | EL4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.04 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 0.18 | -0.07 |
| Martin ratioReturn relative to average drawdown | 0.29 | 0.56 | -0.27 |
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
| EL4N.DE | EL4A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 0.14 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | 0.52 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.00 | 0.48 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.37 | +0.14 |
Drawdowns
EL4N.DE vs. EL4A.DE - Drawdown Comparison
The maximum EL4N.DE drawdown since its inception was -18.58%, smaller than the maximum EL4A.DE drawdown of -46.64%. Use the drawdown chart below to compare losses from any high point for EL4N.DE and EL4A.DE.
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Drawdown Indicators
| EL4N.DE | EL4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -46.64% | +28.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -12.34% | +8.85% |
Max Drawdown (3Y)Largest decline over 3 years | -3.49% | -15.89% | +12.40% |
Max Drawdown (5Y)Largest decline over 5 years | -18.42% | -26.76% | +8.34% |
Max Drawdown (10Y)Largest decline over 10 years | -18.58% | -38.68% | +20.10% |
Current DrawdownCurrent decline from peak | -8.38% | -2.29% | -6.09% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -8.91% | +4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 3.98% | -2.69% |
Volatility
EL4N.DE vs. EL4A.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Sovereign Diversified 5-7 UCITS ETF (EL4N.DE) is 1.74%, while Deka DAX UCITS ETF (EL4A.DE) has a volatility of 5.14%. This indicates that EL4N.DE experiences smaller price fluctuations and is considered to be less risky than EL4A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4N.DE | EL4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 5.14% | -3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 12.97% | -9.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 16.09% | -11.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.94% | 17.18% | -11.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.76% | 18.36% | -13.60% |
EL4N.DE vs. EL4A.DE - Expense Ratio Comparison
Both EL4N.DE and EL4A.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
EL4N.DE vs. EL4A.DE - Dividend Comparison
EL4N.DE's dividend yield for the trailing twelve months is around 1.34%, while EL4A.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4A.DE Deka DAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.56% | 0.65% | 0.60% |
EL4N.DE Deka iBoxx EUR Liquid Sovereign Diversified 5-7 UCITS ETF | 1.34% | 0.92% | 0.82% | 2.15% | 0.77% | 0.72% | 0.97% | 1.16% | 1.32% | 2.60% | 2.65% | 2.77% |
Frequently Asked Questions
EL4N.DE and EL4A.DE have a correlation of 0.36, 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.
EL4N.DE and EL4A.DE have the same expense ratio: 0.15% per year.
EL4N.DE is categorized as European Government Bonds, while EL4A.DE is Europe Equities. EL4N.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 5-7, while EL4A.DE tracks DAX®.
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