EL4P.DE vs. SXRQ.DE
EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) and SXRQ.DE (iShares Euro Government Bond 7-10yr UCITS ETF (Acc)) are both European Government Bonds funds - EL4P.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 7-10 while SXRQ.DE tracks the Bloomberg Euro Government Bond 10. Both are passively managed. Over the past 10 years, EL4P.DE returned -0.06%/yr vs -0.12%/yr for SXRQ.DE. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
EL4P.DE vs. SXRQ.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 SXRQ.DE slightly lower at 1.42%. Over the past 10 years, EL4P.DE has outperformed SXRQ.DE with an annualized return of -0.06%, while SXRQ.DE has yielded a comparatively lower -0.12% annualized return.
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%
SXRQ.DE
- 1D
- 0.12%
- 1M
- 1.09%
- YTD
- 1.42%
- 6M
- 1.52%
- 1Y
- 1.79%
- 3Y*
- 2.82%
- 5Y*
- -2.02%
- 10Y*
- -0.12%
EL4P.DE vs. SXRQ.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 | 1.47% | 1.64% | 1.06% | 8.67% | -20.09% | -3.04% | 4.33% | 6.96% | 1.48% | 0.72% |
SXRQ.DE iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | 1.42% | 1.68% | 0.91% | 8.71% | -19.90% | -3.09% | 4.11% | 6.69% | 1.22% | 0.85% |
Correlation
The correlation between EL4P.DE and SXRQ.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2009 | 0.95 |
The correlation between EL4P.DE and SXRQ.DE has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
EL4P.DE vs. SXRQ.DE — Risk / Return Rank
EL4P.DE
SXRQ.DE
EL4P.DE vs. SXRQ.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 iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (SXRQ.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 | SXRQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| 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 | 0.44 | +0.01 |
| Martin ratioReturn relative to average drawdown | 1.16 | 1.12 | +0.05 |
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Drawdowns
EL4P.DE vs. SXRQ.DE - Drawdown Comparison
The maximum EL4P.DE drawdown since its inception was -23.49%, roughly equal to the maximum SXRQ.DE drawdown of -23.28%. Use the drawdown chart below to compare losses from any high point for EL4P.DE and SXRQ.DE.
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Drawdown Indicators
| EL4P.DE | SXRQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.49% | -23.28% | -0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -4.09% | -4.09% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -4.44% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -22.93% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -23.49% | -23.28% | -0.21% |
Current DrawdownCurrent decline from peak | -12.62% | -12.57% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -5.59% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 1.60% | -0.02% |
Volatility
EL4P.DE vs. SXRQ.DE - Volatility Comparison
Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) and iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (SXRQ.DE) have volatilities of 1.28% and 1.27%, 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 | SXRQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 1.27% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.13% | 4.18% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.93% | 4.96% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.49% | 7.39% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 5.97% | +0.09% |
EL4P.DE vs. SXRQ.DE - Expense Ratio Comparison
Both EL4P.DE and SXRQ.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. SXRQ.DE - Dividend Comparison
EL4P.DE's dividend yield for the trailing twelve months is around 3.59%, while SXRQ.DE has not paid dividends to shareholders.
| 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% |
SXRQ.DE iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | 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 0.94, EL4P.DE and SXRQ.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.
EL4P.DE and SXRQ.DE have the same expense ratio: 0.15% per year.
EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10, while SXRQ.DE tracks Bloomberg Euro Government Bond 10. They also come from different issuers: Deka and iShares.
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