EL4Q.DE vs. D6RP.DE

Last updated Jul 16, 2026

EL4Q.DE (Deka iBoxx EUR Liquid Sovereign Diversified 10+ UCITS ETF) and D6RP.DE (Deka MSCI World Climate Change ESG UCITS ETF) are both exchange-traded funds - EL4Q.DE is a European Government Bonds fund tracking the iBoxx EUR Liquid Sovereign Diversified 10+ Index, while D6RP.DE is a Global Equities fund tracking the MSCI World Climate Change ESG Select. Both are passively managed. Over the past 5 years, EL4Q.DE returned -8.69%/yr vs 13.52%/yr for D6RP.DE. At a 0.10 correlation, their price movements are largely independent. EL4Q.DE charges 0.15%/yr vs 0.26%/yr for D6RP.DE.

Performance

EL4Q.DE vs. D6RP.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka iBoxx EUR Liquid Sovereign Diversified 10+ UCITS ETF (EL4Q.DE) and Deka MSCI World Climate Change ESG UCITS ETF (D6RP.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EL4Q.DE achieves a -0.80% return, which is significantly lower than D6RP.DE's 12.57% return.

EL4Q.DE

• 1D: -0.38%
• 1M: -1.97%
• 6M: -1.68%
• YTD: -0.80%
• 1Y: -0.76%
• 3Y*: -0.02%
• 5Y*: -8.69%
• 10Y*: -2.50%

D6RP.DE

• 1D: 0.00%
• 1M: 1.17%
• 6M: 12.17%
• YTD: 12.57%
• 1Y: 25.19%
• 3Y*: 19.90%
• 5Y*: 13.52%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EL4Q.DE vs. D6RP.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EL4Q.DE Deka iBoxx EUR Liquid Sovereign Diversified 10+ UCITS ETF	-0.80%	-4.72%	-1.64%	9.77%	-36.18%	-7.93%	8.16%
D6RP.DE Deka MSCI World Climate Change ESG UCITS ETF	12.57%	6.56%	34.46%	27.65%	-19.59%	35.02%	13.55%

Correlation

The correlation between EL4Q.DE and D6RP.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jun 19, 2020	0.10

Over the past year, EL4Q.DE and D6RP.DE have become more correlated (0.33) than their long-term average of 0.10, meaning their price movements have been converging.

Return for Risk

EL4Q.DE vs. D6RP.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EL4Q.DE

EL4Q.DE Risk / Return Rank: 8
EL4Q.DE Sharpe Ratio Rank: 9
EL4Q.DE Sortino Ratio Rank: 8
EL4Q.DE Omega Ratio Rank: 8
EL4Q.DE Calmar Ratio Rank: 8
EL4Q.DE Martin Ratio Rank: 8

D6RP.DE

D6RP.DE Risk / Return Rank: 66
D6RP.DE Sharpe Ratio Rank: 70
D6RP.DE Sortino Ratio Rank: 69
D6RP.DE Omega Ratio Rank: 67
D6RP.DE Calmar Ratio Rank: 64
D6RP.DE Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EL4Q.DE vs. D6RP.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deka iBoxx EUR Liquid Sovereign Diversified 10+ UCITS ETF (EL4Q.DE) and Deka MSCI World Climate Change ESG UCITS ETF (D6RP.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.

	EL4Q.DE	D6RP.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.07	1.82	-1.89
Sortino ratio: Return per unit of downside risk	-0.04	2.53	-2.58
Omega ratio: Gain probability vs. loss probability	0.99	1.32	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.11	2.60	-2.72
Martin ratio: Return relative to average drawdown	-0.23	9.03	-9.26

EL4Q.DE vs. D6RP.DE - Sharpe Ratio Comparison

The current EL4Q.DE Sharpe Ratio is -0.07, which is lower than the D6RP.DE Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of EL4Q.DE and D6RP.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EL4Q.DE vs. D6RP.DE - Drawdown Comparison

The maximum EL4Q.DE drawdown since its inception was -47.27%, which is greater than D6RP.DE's maximum drawdown of -23.89%. Use the drawdown chart below to compare losses from any high point for EL4Q.DE and D6RP.DE.

Drawdown Indicators

	EL4Q.DE	D6RP.DE	Difference
Max Drawdown Largest peak-to-trough decline	-47.27%	-23.89%	-23.38%
Max Drawdown (1Y) Largest decline over 1 year	-5.66%	-9.63%	+3.97%
Max Drawdown (3Y) Largest decline over 3 years	-13.02%	-23.89%	+10.87%
Max Drawdown (5Y) Largest decline over 5 years	-45.32%	-23.89%	-21.43%
Max Drawdown (10Y) Largest decline over 10 years	-47.27%	—	—
Current Drawdown Current decline from peak	-40.57%	-0.55%	-40.02%
Average Drawdown Average peak-to-trough decline	-13.51%	-5.00%	-8.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	2.78%	-0.03%

Volatility

EL4Q.DE vs. D6RP.DE - Volatility Comparison

The current volatility for Deka iBoxx EUR Liquid Sovereign Diversified 10+ UCITS ETF (EL4Q.DE) is 2.32%, while Deka MSCI World Climate Change ESG UCITS ETF (D6RP.DE) has a volatility of 3.58%. This indicates that EL4Q.DE experiences smaller price fluctuations and is considered to be less risky than D6RP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EL4Q.DE	D6RP.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.32%	3.58%	-1.26%
Volatility (6M) Calculated over the trailing 6-month period	6.72%	10.16%	-3.44%
Volatility (1Y) Calculated over the trailing 1-year period	8.58%	13.83%	-5.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.69%	16.04%	-1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.57%	15.73%	-3.16%

EL4Q.DE vs. D6RP.DE - Expense Ratio Comparison

EL4Q.DE has a 0.15% expense ratio, which is lower than D6RP.DE's 0.26% 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

EL4Q.DE vs. D6RP.DE - Dividend Comparison

EL4Q.DE's dividend yield for the trailing twelve months is around 3.29%, more than D6RP.DE's 0.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
D6RP.DE Deka MSCI World Climate Change ESG UCITS ETF	0.73%	0.79%	0.70%	1.04%	1.23%	0.79%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%
EL4Q.DE Deka iBoxx EUR Liquid Sovereign Diversified 10+ UCITS ETF	3.29%	2.65%	1.77%	1.93%	1.40%	1.18%	1.30%	1.67%	1.49%	2.64%	2.40%	2.69%

Frequently Asked Questions

Can I hold both EL4Q.DE and D6RP.DE in my portfolio?

EL4Q.DE and D6RP.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EL4Q.DE or D6RP.DE?

On fees, EL4Q.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EL4Q.DE or D6RP.DE?

EL4Q.DE is cheaper with a 0.15% expense ratio, compared with 0.26% for D6RP.DE.

What is the main difference between EL4Q.DE and D6RP.DE?

EL4Q.DE is categorized as European Government Bonds, while D6RP.DE is Global Equities. EL4Q.DE tracks iBoxx EUR Liquid Sovereign Diversified 10+ Index, while D6RP.DE tracks MSCI World Climate Change ESG Select. Their fees differ too: 0.15% for EL4Q.DE and 0.26% for D6RP.DE.