EL4N.DE vs. EL4P.DE
EL4N.DE (Deka iBoxx EUR Liquid Sovereign Diversified 5-7 UCITS ETF) and EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) are both European Government Bonds funds from Deka - EL4N.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 5-7 while EL4P.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 7-10. Both are passively managed. Over the past 10 years, EL4N.DE returned 0.05%/yr vs -0.06%/yr for EL4P.DE. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
EL4N.DE vs. EL4P.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4N.DE achieves a 1.00% return, which is significantly lower than EL4P.DE's 1.47% return. Over the past 10 years, EL4N.DE has outperformed EL4P.DE with an annualized return of 0.05%, while EL4P.DE has yielded a comparatively lower -0.06% annualized return.
EL4N.DE
- 1D
- 0.02%
- 1M
- 0.81%
- YTD
- 1.00%
- 6M
- 1.22%
- 1Y
- 1.48%
- 3Y*
- 3.10%
- 5Y*
- -1.12%
- 10Y*
- 0.05%
EL4P.DE
- 1D
- 0.05%
- 1M
- 0.99%
- YTD
- 1.47%
- 6M
- 1.68%
- 1Y
- 1.84%
- 3Y*
- 2.88%
- 5Y*
- -2.03%
- 10Y*
- -0.06%
EL4N.DE vs. EL4P.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 | 1.00% | 2.08% | 1.72% | 7.32% | -15.78% | -2.17% | 3.22% | 4.28% | 0.73% | 0.43% |
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 1.47% | 1.64% | 1.06% | 8.67% | -20.09% | -3.04% | 4.33% | 6.96% | 1.48% | 0.72% |
Correlation
The correlation between EL4N.DE and EL4P.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2009 | 0.93 |
The correlation between EL4N.DE and EL4P.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
EL4N.DE vs. EL4P.DE — Risk / Return Rank
EL4N.DE
EL4P.DE
EL4N.DE vs. EL4P.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 iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.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.
| EL4N.DE | EL4P.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.07 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 0.45 | -0.03 |
| Martin ratioReturn relative to average drawdown | 1.09 | 1.16 | -0.07 |
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Drawdowns
EL4N.DE vs. EL4P.DE - Drawdown Comparison
The maximum EL4N.DE drawdown since its inception was -18.58%, smaller than the maximum EL4P.DE drawdown of -23.49%. Use the drawdown chart below to compare losses from any high point for EL4N.DE and EL4P.DE.
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Drawdown Indicators
| EL4N.DE | EL4P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -23.49% | +4.91% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -4.09% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -3.48% | -4.43% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -18.42% | -23.13% | +4.71% |
Max Drawdown (10Y)Largest decline over 10 years | -18.58% | -23.49% | +4.91% |
Current DrawdownCurrent decline from peak | -7.49% | -12.62% | +5.13% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -5.57% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.58% | -0.23% |
Volatility
EL4N.DE vs. EL4P.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Sovereign Diversified 5-7 UCITS ETF (EL4N.DE) is 1.10%, while Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) has a volatility of 1.28%. This indicates that EL4N.DE experiences smaller price fluctuations and is considered to be less risky than EL4P.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 | EL4P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.28% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 4.13% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.09% | 4.93% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.95% | 7.49% | -1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.78% | 6.06% | -1.28% |
EL4N.DE vs. EL4P.DE - Expense Ratio Comparison
Both EL4N.DE and EL4P.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. EL4P.DE - Dividend Comparison
EL4N.DE's dividend yield for the trailing twelve months is around 1.33%, less than EL4P.DE's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4N.DE Deka iBoxx EUR Liquid Sovereign Diversified 5-7 UCITS ETF | 1.33% | 0.92% | 0.82% | 2.15% | 0.77% | 0.72% | 0.97% | 1.16% | 1.32% | 2.60% | 2.65% | 2.77% |
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 3.59% | 2.66% | 1.83% | 1.37% | 0.39% | 0.62% | 0.83% | 1.08% | 0.64% | 1.41% | 1.80% | 2.32% |
Frequently Asked Questions
With a correlation of 0.92, EL4N.DE and EL4P.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 EL4P.DE have the same expense ratio: 0.15% per year.
EL4N.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 5-7, while EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10.
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