EL4N.DE vs. X710.DE
EL4N.DE (Deka iBoxx EUR Liquid Sovereign Diversified 5-7 UCITS ETF) and X710.DE (Xtrackers II Eurozone Government Bond 7-10 UCITS ETF) are both European Government Bonds funds - EL4N.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 5-7 while X710.DE tracks the Markit iBoxx® EUR Eurozone 7-10. Both are passively managed. Over the past 10 years, EL4N.DE returned 0.05%/yr vs -0.07%/yr for X710.DE. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
EL4N.DE vs. X710.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 X710.DE's 1.35% return. Over the past 10 years, EL4N.DE has outperformed X710.DE with an annualized return of 0.05%, while X710.DE has yielded a comparatively lower -0.07% 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%
X710.DE
- 1D
- 0.00%
- 1M
- 1.01%
- YTD
- 1.35%
- 6M
- 1.53%
- 1Y
- 1.67%
- 3Y*
- 2.82%
- 5Y*
- -1.99%
- 10Y*
- -0.07%
EL4N.DE vs. X710.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% |
X710.DE Xtrackers II Eurozone Government Bond 7-10 UCITS ETF | 1.35% | 1.72% | 0.93% | 8.80% | -19.87% | -3.00% | 4.20% | 6.78% | 1.03% | 1.08% |
Correlation
The correlation between EL4N.DE and X710.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2009 | 0.90 |
The correlation between EL4N.DE and X710.DE has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.
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Return for Risk
EL4N.DE vs. X710.DE — Risk / Return Rank
EL4N.DE
X710.DE
EL4N.DE vs. X710.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 Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.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 | X710.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.06 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 0.40 | +0.02 |
| Martin ratioReturn relative to average drawdown | 1.09 | 1.04 | +0.06 |
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Drawdowns
EL4N.DE vs. X710.DE - Drawdown Comparison
The maximum EL4N.DE drawdown since its inception was -18.58%, smaller than the maximum X710.DE drawdown of -23.16%. Use the drawdown chart below to compare losses from any high point for EL4N.DE and X710.DE.
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Drawdown Indicators
| EL4N.DE | X710.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -23.16% | +4.58% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -4.18% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -3.48% | -4.41% | +0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -18.42% | -22.84% | +4.42% |
Max Drawdown (10Y)Largest decline over 10 years | -18.58% | -23.16% | +4.58% |
Current DrawdownCurrent decline from peak | -7.49% | -12.37% | +4.88% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -5.21% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.61% | -0.26% |
Volatility
EL4N.DE vs. X710.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Sovereign Diversified 5-7 UCITS ETF (EL4N.DE) is 1.10%, while Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.DE) has a volatility of 1.23%. This indicates that EL4N.DE experiences smaller price fluctuations and is considered to be less risky than X710.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 | X710.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.23% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 4.17% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.09% | 4.90% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.95% | 7.36% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.78% | 6.28% | -1.50% |
EL4N.DE vs. X710.DE - Expense Ratio Comparison
Both EL4N.DE and X710.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. X710.DE - Dividend Comparison
EL4N.DE's dividend yield for the trailing twelve months is around 1.33%, while X710.DE has not paid dividends to shareholders.
| 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% |
X710.DE Xtrackers II Eurozone Government Bond 7-10 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, EL4N.DE and X710.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 X710.DE have the same expense ratio: 0.15% per year.
EL4N.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 5-7, while X710.DE tracks Markit iBoxx® EUR Eurozone 7-10. They also come from different issuers: Deka and Xtrackers.
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