EL4Q.DE vs. VGOV.DE
EL4Q.DE (Deka iBoxx EUR Liquid Sovereign Diversified 10+ UCITS ETF) and VGOV.DE (Vanguard UK Gilt UCITS ETF Distributing) are both European Government Bonds funds - EL4Q.DE tracks the iBoxx EUR Liquid Sovereign Diversified 10+ Index while VGOV.DE tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 10 years, EL4Q.DE returned -2.50%/yr vs -0.19%/yr for VGOV.DE. A 0.58 correlation means they provide meaningful diversification when combined. EL4Q.DE charges 0.15%/yr vs 0.07%/yr for VGOV.DE.
Performance
EL4Q.DE vs. VGOV.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 VGOV.DE's 1.76% return. Over the past 10 years, EL4Q.DE has underperformed VGOV.DE with an annualized return of -2.50%, while VGOV.DE has yielded a comparatively higher -0.19% 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%
VGOV.DE
- 1D
- 1.04%
- 1M
- 1.39%
- 6M
- 0.02%
- YTD
- 1.76%
- 1Y
- 4.79%
- 3Y*
- 2.86%
- 5Y*
- -5.57%
- 10Y*
- -0.19%
EL4Q.DE vs. VGOV.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% |
VGOV.DE Vanguard UK Gilt UCITS ETF Distributing | 1.76% | 0.16% | -0.17% | 5.43% | -30.79% | 1.90% | 2.83% | 13.98% | -1.23% | 14.98% |
Correlation
The correlation between EL4Q.DE and VGOV.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since May 22, 2012 | 0.59 |
The correlation between EL4Q.DE and VGOV.DE shifts across timeframes, from 0.58 (all time) to 0.72 (5 years), 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. VGOV.DE — Risk / Return Rank
EL4Q.DE
VGOV.DE
EL4Q.DE vs. VGOV.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 Vanguard UK Gilt UCITS ETF Distributing (VGOV.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 | VGOV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.11 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.89 | -1.00 |
| Martin ratioReturn relative to average drawdown | -0.23 | 2.74 | -2.97 |
Loading charts...
Drawdowns
EL4Q.DE vs. VGOV.DE - Drawdown Comparison
The maximum EL4Q.DE drawdown since its inception was -47.27%, which is greater than VGOV.DE's maximum drawdown of -40.96%. Use the drawdown chart below to compare losses from any high point for EL4Q.DE and VGOV.DE.
Loading charts...
Drawdown Indicators
| EL4Q.DE | VGOV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.27% | -40.96% | -6.31% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -5.39% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -13.02% | -9.04% | -3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -45.32% | -40.46% | -4.86% |
Max Drawdown (10Y)Largest decline over 10 years | -47.27% | -40.96% | -6.31% |
Current DrawdownCurrent decline from peak | -40.57% | -28.76% | -11.81% |
Average DrawdownAverage peak-to-trough decline | -13.51% | -11.97% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 1.75% | +1.00% |
Volatility
EL4Q.DE vs. VGOV.DE - Volatility Comparison
Deka iBoxx EUR Liquid Sovereign Diversified 10+ UCITS ETF (EL4Q.DE) has a higher volatility of 2.32% compared to Vanguard UK Gilt UCITS ETF Distributing (VGOV.DE) at 2.20%. This indicates that EL4Q.DE's price experiences larger fluctuations and is considered to be riskier than VGOV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EL4Q.DE | VGOV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 2.20% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.72% | 6.31% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.58% | 7.87% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.69% | 12.88% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.57% | 12.02% | +0.55% |
EL4Q.DE vs. VGOV.DE - Expense Ratio Comparison
EL4Q.DE has a 0.15% expense ratio, which is higher than VGOV.DE's 0.07% expense ratio. However, 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. VGOV.DE - Dividend Comparison
EL4Q.DE's dividend yield for the trailing twelve months is around 3.29%, less than VGOV.DE's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGOV.DE Vanguard UK Gilt UCITS ETF Distributing | 4.44% | 4.59% | 4.08% | 3.17% | 1.94% | 1.07% | 1.18% | 1.34% | 1.60% | 1.64% | 0.00% | 0.00% |
Frequently Asked Questions
EL4Q.DE and VGOV.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGOV.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGOV.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for EL4Q.DE.
EL4Q.DE tracks iBoxx EUR Liquid Sovereign Diversified 10+ Index, while VGOV.DE tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: Deka and Vanguard. Their fees differ too: 0.15% for EL4Q.DE and 0.07% for VGOV.DE.
Find the right allocation for EL4Q.DE and VGOV.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