EL4Q.DE vs. EL4A.DE
EL4Q.DE (Deka iBoxx EUR Liquid Sovereign Diversified 10+ UCITS ETF) and EL4A.DE (Deka DAX 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 EL4A.DE is a Europe Equities fund tracking the DAX®. Both are passively managed. Over the past 10 years, EL4Q.DE returned -2.50%/yr vs 8.99%/yr for EL4A.DE. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.15% expense ratio.
Performance
EL4Q.DE vs. EL4A.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EL4Q.DE achieves a -0.80% return, which is significantly lower than EL4A.DE's 1.58% return. Over the past 10 years, EL4Q.DE has underperformed EL4A.DE with an annualized return of -2.50%, while EL4A.DE has yielded a comparatively higher 8.99% annualized 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%
EL4A.DE
- 1D
- -0.46%
- 1M
- 0.44%
- 6M
- -1.33%
- YTD
- 1.58%
- 1Y
- 3.45%
- 3Y*
- 15.20%
- 5Y*
- 9.36%
- 10Y*
- 8.99%
EL4Q.DE vs. EL4A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4Q.DE Deka iBoxx EUR Liquid Sovereign Diversified 10+ UCITS ETF | -0.80% | -4.72% | -1.64% | 9.77% | -36.18% | -7.93% | 13.24% | 19.50% | 1.64% | -0.28% |
EL4A.DE Deka DAX UCITS ETF | 1.58% | 22.57% | 18.09% | 19.52% | -12.75% | 15.19% | 3.01% | 24.61% | -18.58% | 12.49% |
Correlation
The correlation between EL4Q.DE and EL4A.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2009 | -0.01 |
The correlation between EL4Q.DE and EL4A.DE shifts across timeframes, from -0.01 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EL4Q.DE vs. EL4A.DE — Risk / Return Rank
EL4Q.DE
EL4A.DE
EL4Q.DE vs. EL4A.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 DAX UCITS ETF (EL4A.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 | EL4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.05 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.28 | -0.39 |
| Martin ratioReturn relative to average drawdown | -0.23 | 0.87 | -1.11 |
Loading charts...
Drawdowns
EL4Q.DE vs. EL4A.DE - Drawdown Comparison
The maximum EL4Q.DE drawdown since its inception was -47.27%, roughly equal to the maximum EL4A.DE drawdown of -46.64%. Use the drawdown chart below to compare losses from any high point for EL4Q.DE and EL4A.DE.
Loading charts...
Drawdown Indicators
| EL4Q.DE | EL4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.27% | -46.64% | -0.63% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -12.36% | +6.70% |
Max Drawdown (3Y)Largest decline over 3 years | -13.02% | -15.89% | +2.87% |
Max Drawdown (5Y)Largest decline over 5 years | -45.32% | -26.76% | -18.56% |
Max Drawdown (10Y)Largest decline over 10 years | -47.27% | -38.68% | -8.59% |
Current DrawdownCurrent decline from peak | -40.57% | -3.10% | -37.47% |
Average DrawdownAverage peak-to-trough decline | -13.51% | -8.85% | -4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 3.95% | -1.20% |
Volatility
EL4Q.DE vs. EL4A.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Sovereign Diversified 10+ UCITS ETF (EL4Q.DE) is 2.32%, while Deka DAX UCITS ETF (EL4A.DE) has a volatility of 4.67%. This indicates that EL4Q.DE experiences smaller price fluctuations and is considered to be less risky than EL4A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EL4Q.DE | EL4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 4.67% | -2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 6.72% | 13.64% | -6.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.58% | 16.27% | -7.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.69% | 17.23% | -2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.57% | 18.11% | -5.54% |
EL4Q.DE vs. EL4A.DE - Expense Ratio Comparison
Both EL4Q.DE and EL4A.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
EL4Q.DE vs. EL4A.DE - Dividend Comparison
EL4Q.DE's dividend yield for the trailing twelve months is around 3.29%, while EL4A.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4A.DE Deka DAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.56% | 0.65% | 0.60% |
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
EL4Q.DE and EL4A.DE have a correlation of 0.43, 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.
EL4Q.DE and EL4A.DE have the same expense ratio: 0.15% per year.
EL4Q.DE is categorized as European Government Bonds, while EL4A.DE is Europe Equities. EL4Q.DE tracks iBoxx EUR Liquid Sovereign Diversified 10+ Index, while EL4A.DE tracks DAX®.
Find the right allocation for EL4Q.DE and EL4A.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer