EL4P.DE vs. SYBL.DE
EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) and SYBL.DE (SPDR Bloomberg 15+ Year Gilt UCITS ETF) are both European Government Bonds funds - EL4P.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 7-10 while SYBL.DE tracks the Bloomberg UK Gilt 15+. Both are passively managed. Over the past 10 years, EL4P.DE returned -0.06%/yr vs -4.19%/yr for SYBL.DE. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
EL4P.DE vs. SYBL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4P.DE achieves a 1.47% return, which is significantly higher than SYBL.DE's 0.38% return. Over the past 10 years, EL4P.DE has outperformed SYBL.DE with an annualized return of -0.06%, while SYBL.DE has yielded a comparatively lower -4.19% 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%
SYBL.DE
- 1D
- -0.17%
- 1M
- 3.20%
- YTD
- 0.38%
- 6M
- 0.99%
- 1Y
- 0.59%
- 3Y*
- -0.74%
- 5Y*
- -10.54%
- 10Y*
- -4.19%
EL4P.DE vs. SYBL.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% |
SYBL.DE SPDR Bloomberg 15+ Year Gilt UCITS ETF | 0.38% | -0.98% | -6.82% | 3.36% | -43.17% | 0.20% | 6.08% | 17.90% | -1.00% | -0.58% |
Correlation
The correlation between EL4P.DE and SYBL.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 17, 2012 | 0.58 |
The correlation between EL4P.DE and SYBL.DE shifts across timeframes, from 0.58 (all time) to 0.75 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL4P.DE vs. SYBL.DE — Risk / Return Rank
EL4P.DE
SYBL.DE
EL4P.DE vs. SYBL.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 SPDR Bloomberg 15+ Year Gilt UCITS ETF (SYBL.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 | SYBL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.02 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 0.06 | +0.39 |
| Martin ratioReturn relative to average drawdown | 1.16 | 0.14 | +1.03 |
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Drawdowns
EL4P.DE vs. SYBL.DE - Drawdown Comparison
The maximum EL4P.DE drawdown since its inception was -23.49%, smaller than the maximum SYBL.DE drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for EL4P.DE and SYBL.DE.
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Drawdown Indicators
| EL4P.DE | SYBL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.49% | -57.50% | +34.01% |
Max Drawdown (1Y)Largest decline over 1 year | -4.09% | -10.34% | +6.25% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -17.74% | +13.31% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -55.48% | +32.35% |
Max Drawdown (10Y)Largest decline over 10 years | -23.49% | -57.50% | +34.01% |
Current DrawdownCurrent decline from peak | -12.62% | -51.20% | +38.58% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -20.71% | +15.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 4.15% | -2.57% |
Volatility
EL4P.DE vs. SYBL.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) is 1.28%, while SPDR Bloomberg 15+ Year Gilt UCITS ETF (SYBL.DE) has a volatility of 3.02%. This indicates that EL4P.DE experiences smaller price fluctuations and is considered to be less risky than SYBL.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 | SYBL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 3.02% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 4.13% | 10.43% | -6.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.93% | 13.52% | -8.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.49% | 20.64% | -13.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 19.57% | -13.51% |
EL4P.DE vs. SYBL.DE - Expense Ratio Comparison
Both EL4P.DE and SYBL.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. SYBL.DE - Dividend Comparison
EL4P.DE's dividend yield for the trailing twelve months is around 3.59%, less than SYBL.DE's 4.94% 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% |
SYBL.DE SPDR Bloomberg 15+ Year Gilt UCITS ETF | 4.94% | 4.88% | 4.30% | 2.96% | 1.73% | 0.85% | 1.05% | 1.36% | 1.58% | 1.90% | 2.13% | 2.55% |
Frequently Asked Questions
EL4P.DE and SYBL.DE have a correlation of 0.74, 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 SYBL.DE have the same expense ratio: 0.15% per year.
EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10, while SYBL.DE tracks Bloomberg UK Gilt 15+. They also come from different issuers: Deka and State Street.
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