EL4P.DE vs. EL4S.DE
EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) and EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) are both European Government Bonds funds from Deka - EL4P.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 7-10 while EL4S.DE tracks the Deutsche Börse EUROGOV® Germany 1-3. Both are passively managed. Over the past 10 years, EL4P.DE returned -0.11%/yr vs -0.20%/yr for EL4S.DE. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
EL4P.DE vs. EL4S.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 EL4S.DE's 0.11% return. Over the past 10 years, EL4P.DE has outperformed EL4S.DE with an annualized return of -0.11%, while EL4S.DE has yielded a comparatively lower -0.20% 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%
EL4S.DE
- 1D
- 0.02%
- 1M
- 0.06%
- YTD
- 0.11%
- 6M
- 0.17%
- 1Y
- 0.70%
- 3Y*
- 2.24%
- 5Y*
- 0.36%
- 10Y*
- -0.20%
EL4P.DE vs. EL4S.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% |
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 0.11% | 1.65% | 2.75% | 2.51% | -4.56% | -0.97% | -0.79% | -0.83% | -0.57% | -1.08% |
Correlation
The correlation between EL4P.DE and EL4S.DE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2009 | 0.53 |
The correlation between EL4P.DE and EL4S.DE shifts across timeframes, from 0.53 (all time) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL4P.DE vs. EL4S.DE — Risk / Return Rank
EL4P.DE
EL4S.DE
EL4P.DE vs. EL4S.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 Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.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 | EL4S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.10 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 0.58 | -0.50 |
| Martin ratioReturn relative to average drawdown | 0.21 | 1.87 | -1.65 |
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 | EL4S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | 0.54 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.24 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | -0.18 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | -0.30 | +0.74 |
Drawdowns
EL4P.DE vs. EL4S.DE - Drawdown Comparison
The maximum EL4P.DE drawdown since its inception was -23.50%, which is greater than EL4S.DE's maximum drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for EL4P.DE and EL4S.DE.
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Drawdown Indicators
| EL4P.DE | EL4S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.50% | -13.04% | -10.46% |
Max Drawdown (1Y)Largest decline over 1 year | -4.09% | -1.03% | -3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -4.65% | -1.03% | -3.62% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -5.86% | -17.27% |
Max Drawdown (10Y)Largest decline over 10 years | -23.50% | -9.46% | -14.04% |
Current DrawdownCurrent decline from peak | -13.76% | -6.04% | -7.72% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -5.87% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 0.32% | +1.21% |
Volatility
EL4P.DE vs. EL4S.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 Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) at 0.44%. This indicates that EL4P.DE's price experiences larger fluctuations and is considered to be riskier than EL4S.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 | EL4S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 0.44% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 0.97% | +3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 1.10% | +3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 1.46% | +6.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 1.12% | +4.94% |
EL4P.DE vs. EL4S.DE - Expense Ratio Comparison
Both EL4P.DE and EL4S.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. EL4S.DE - Dividend Comparison
EL4P.DE's dividend yield for the trailing twelve months is around 3.64%, more than EL4S.DE's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 1.48% | 1.20% | 0.83% | 0.60% | 0.88% | 0.94% | 0.78% | 1.06% | 0.99% | 1.63% | 1.46% | 1.60% |
Frequently Asked Questions
EL4P.DE and EL4S.DE have a correlation of 0.67, 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 EL4S.DE have the same expense ratio: 0.15% per year.
EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10, while EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3.
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