EL4P.DE vs. DE5A.DE
EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) and DE5A.DE (Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR) are both European Government Bonds funds - EL4P.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 7-10 while DE5A.DE tracks the FTSE Highest-Rated Eurozone Government Bond. Both are passively managed. Over the past 10 years, EL4P.DE returned -0.11%/yr vs -1.18%/yr for DE5A.DE. Their correlation of 0.84 suggests significant overlap in exposure. EL4P.DE charges 0.15%/yr vs 0.14%/yr for DE5A.DE.
Performance
EL4P.DE vs. DE5A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4P.DE achieves a 0.16% return, which is significantly lower than DE5A.DE's 0.27% return. Over the past 10 years, EL4P.DE has outperformed DE5A.DE with an annualized return of -0.11%, while DE5A.DE has yielded a comparatively lower -1.18% annualized return.
EL4P.DE
- 1D
- 0.06%
- 1M
- 0.03%
- YTD
- 0.16%
- 6M
- 0.17%
- 1Y
- 0.76%
- 3Y*
- 2.69%
- 5Y*
- -2.34%
- 10Y*
- -0.11%
DE5A.DE
- 1D
- 0.08%
- 1M
- -0.09%
- YTD
- 0.27%
- 6M
- 0.19%
- 1Y
- -0.43%
- 3Y*
- 1.24%
- 5Y*
- -3.17%
- 10Y*
- -1.18%
EL4P.DE vs. DE5A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 0.16% | 1.64% | 1.06% | 8.67% | -20.09% | -3.04% | 4.34% | 6.96% | 1.47% | 0.72% |
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.27% | -0.65% | -0.40% | 5.80% | -19.06% | -3.67% | 3.70% | 4.28% | 1.66% | -0.73% |
Correlation
The correlation between EL4P.DE and DE5A.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2011 | 0.84 |
The correlation between EL4P.DE and DE5A.DE shifts across timeframes, from 0.84 (all time) to 0.96 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL4P.DE vs. DE5A.DE — Risk / Return Rank
EL4P.DE
DE5A.DE
EL4P.DE vs. DE5A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) and Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.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.
| EL4P.DE | DE5A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.97 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | -0.26 | +0.34 |
| Martin ratioReturn relative to average drawdown | 0.21 | -0.58 | +0.79 |
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
| EL4P.DE | DE5A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | -0.20 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.49 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | -0.22 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.22 | +0.22 |
Drawdowns
EL4P.DE vs. DE5A.DE - Drawdown Comparison
The maximum EL4P.DE drawdown since its inception was -23.50%, smaller than the maximum DE5A.DE drawdown of -24.92%. Use the drawdown chart below to compare losses from any high point for EL4P.DE and DE5A.DE.
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Drawdown Indicators
| EL4P.DE | DE5A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.50% | -24.92% | +1.42% |
Max Drawdown (1Y)Largest decline over 1 year | -4.09% | -3.13% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -4.65% | -4.45% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -22.78% | -0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -23.50% | -24.92% | +1.42% |
Current DrawdownCurrent decline from peak | -13.76% | -19.43% | +5.67% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -7.30% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.42% | +0.11% |
Volatility
EL4P.DE vs. DE5A.DE - Volatility Comparison
Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) has a higher volatility of 1.99% compared to Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.DE) at 1.71%. This indicates that EL4P.DE's price experiences larger fluctuations and is considered to be riskier than DE5A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4P.DE | DE5A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 1.71% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 3.44% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 4.19% | +0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 6.45% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 5.37% | +0.69% |
EL4P.DE vs. DE5A.DE - Expense Ratio Comparison
EL4P.DE has a 0.15% expense ratio, which is higher than DE5A.DE's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EL4P.DE vs. DE5A.DE - Dividend Comparison
EL4P.DE's dividend yield for the trailing twelve months is around 3.64%, while DE5A.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 3.64% | 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 0.95, EL4P.DE and DE5A.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.
On fees, DE5A.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DE5A.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for EL4P.DE.
EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10, while DE5A.DE tracks FTSE Highest-Rated Eurozone Government Bond. They also come from different issuers: Deka and Amundi. Their fees differ too: 0.15% for EL4P.DE and 0.14% for DE5A.DE.
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