EL4P.DE vs. EL4M.DE
EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) and EL4M.DE (Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF) are both European Government Bonds funds from Deka - EL4P.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 7-10 while EL4M.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 3-5. Both are passively managed. Over the past 10 years, EL4P.DE returned -0.11%/yr vs -0.03%/yr for EL4M.DE. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
EL4P.DE vs. EL4M.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 higher than EL4M.DE's -0.10% return. Over the past 10 years, EL4P.DE has underperformed EL4M.DE with an annualized return of -0.11%, while EL4M.DE has yielded a comparatively higher -0.03% 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%
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%
EL4P.DE vs. EL4M.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% |
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% |
Correlation
The correlation between EL4P.DE and EL4M.DE is 0.86, 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 | 0.86 |
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 Jul 10, 2009 | 0.88 |
The correlation between EL4P.DE and EL4M.DE has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
EL4P.DE vs. EL4M.DE — Risk / Return Rank
EL4P.DE
EL4M.DE
EL4P.DE vs. EL4M.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 Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF (EL4M.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 | EL4M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.02 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 0.14 | -0.06 |
| Martin ratioReturn relative to average drawdown | 0.21 | 0.39 | -0.18 |
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 | EL4M.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | 0.13 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.13 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | -0.01 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.47 | -0.03 |
Drawdowns
EL4P.DE vs. EL4M.DE - Drawdown Comparison
The maximum EL4P.DE drawdown since its inception was -23.50%, which is greater than EL4M.DE's maximum drawdown of -13.53%. Use the drawdown chart below to compare losses from any high point for EL4P.DE and EL4M.DE.
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Drawdown Indicators
| EL4P.DE | EL4M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.50% | -13.53% | -9.97% |
Max Drawdown (1Y)Largest decline over 1 year | -4.09% | -2.63% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -4.65% | -2.63% | -2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -13.20% | -9.93% |
Max Drawdown (10Y)Largest decline over 10 years | -23.50% | -13.53% | -9.97% |
Current DrawdownCurrent decline from peak | -13.76% | -3.72% | -10.04% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -2.58% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 0.95% | +0.58% |
Volatility
EL4P.DE vs. EL4M.DE - Volatility Comparison
Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) has a higher volatility of 1.99% compared to Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF (EL4M.DE) at 1.19%. This indicates that EL4P.DE's price experiences larger fluctuations and is considered to be riskier than EL4M.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 | EL4M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 1.19% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 2.66% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 2.99% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 4.04% | +3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 3.13% | +2.93% |
EL4P.DE vs. EL4M.DE - Expense Ratio Comparison
Both EL4P.DE and EL4M.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
EL4P.DE vs. EL4M.DE - Dividend Comparison
EL4P.DE's dividend yield for the trailing twelve months is around 3.64%, more than EL4M.DE's 2.17% 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% |
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
EL4P.DE and EL4M.DE have a correlation of 0.86, 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.
EL4P.DE and EL4M.DE have the same expense ratio: 0.15% per year.
EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10, while EL4M.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 3-5.
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