EL4P.DE vs. MTDD.DE
EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) and MTDD.DE (Amundi Euro Government Bond 7-10Y UCITS ETF Dist) are both European Government Bonds funds - EL4P.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 7-10 while MTDD.DE tracks the Bloomberg Euro Treasury 50bn 7-10 Year Bond. Both are passively managed. Over the past 5 years, EL4P.DE returned -2.03%/yr vs -1.82%/yr for MTDD.DE. With a 0.96 correlation, they move nearly in lockstep. EL4P.DE charges 0.15%/yr vs 0.17%/yr for MTDD.DE.
Performance
EL4P.DE vs. MTDD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EL4P.DE having a 1.47% return and MTDD.DE slightly lower at 1.42%.
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%
MTDD.DE
- 1D
- 0.06%
- 1M
- 1.04%
- YTD
- 1.42%
- 6M
- 1.58%
- 1Y
- 1.73%
- 3Y*
- 2.92%
- 5Y*
- -1.82%
- 10Y*
- —
EL4P.DE vs. MTDD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 1.47% | 1.64% | 1.06% | 8.67% | -20.09% | -3.04% | 1.35% |
MTDD.DE Amundi Euro Government Bond 7-10Y UCITS ETF Dist | 1.42% | 1.75% | 1.15% | 8.48% | -19.28% | -2.83% | 1.23% |
Correlation
The correlation between EL4P.DE and MTDD.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.96 |
The correlation between EL4P.DE and MTDD.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
EL4P.DE vs. MTDD.DE — Risk / Return Rank
EL4P.DE
MTDD.DE
EL4P.DE vs. MTDD.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 Euro Government Bond 7-10Y UCITS ETF Dist (MTDD.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.
| EL4P.DE | MTDD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.07 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 0.42 | +0.03 |
| Martin ratioReturn relative to average drawdown | 1.16 | 1.09 | +0.07 |
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Drawdowns
EL4P.DE vs. MTDD.DE - Drawdown Comparison
The maximum EL4P.DE drawdown since its inception was -23.49%, roughly equal to the maximum MTDD.DE drawdown of -22.48%. Use the drawdown chart below to compare losses from any high point for EL4P.DE and MTDD.DE.
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Drawdown Indicators
| EL4P.DE | MTDD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.49% | -22.48% | -1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -4.09% | -4.13% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -4.33% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -22.18% | -0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -23.49% | — | — |
Current DrawdownCurrent decline from peak | -12.62% | -11.51% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -12.23% | +6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 1.58% | 0.00% |
Volatility
EL4P.DE vs. MTDD.DE - Volatility Comparison
Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) and Amundi Euro Government Bond 7-10Y UCITS ETF Dist (MTDD.DE) have volatilities of 1.28% and 1.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4P.DE | MTDD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 1.31% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 4.13% | 4.22% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.93% | 4.95% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.49% | 7.10% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 6.70% | -0.64% |
EL4P.DE vs. MTDD.DE - Expense Ratio Comparison
EL4P.DE has a 0.15% expense ratio, which is lower than MTDD.DE's 0.17% expense ratio. Despite the difference, 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. MTDD.DE - Dividend Comparison
EL4P.DE's dividend yield for the trailing twelve months is around 3.59%, more than MTDD.DE's 2.64% 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 | 3.59% | 2.66% | 1.83% | 1.37% | 0.39% | 0.62% | 0.83% | 1.08% | 0.64% | 1.41% | 1.80% | 2.32% |
MTDD.DE Amundi Euro Government Bond 7-10Y UCITS ETF Dist | 2.64% | 2.68% | 1.85% | 1.25% | 1.45% | 1.74% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, EL4P.DE and MTDD.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, EL4P.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4P.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for MTDD.DE.
EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10, while MTDD.DE tracks Bloomberg Euro Treasury 50bn 7-10 Year Bond. They also come from different issuers: Deka and Amundi. Their fees differ too: 0.15% for EL4P.DE and 0.17% for MTDD.DE.
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