EL4Q.DE vs. X03B.DE
EL4Q.DE (Deka iBoxx EUR Liquid Sovereign Diversified 10+ UCITS ETF) and X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - EL4Q.DE tracks the iBoxx EUR Liquid Sovereign Diversified 10+ Index while X03B.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 10 years, EL4Q.DE returned -2.50%/yr vs 0.23%/yr for X03B.DE. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
EL4Q.DE vs. X03B.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4Q.DE achieves a -0.80% return, which is significantly lower than X03B.DE's 0.19% return. Over the past 10 years, EL4Q.DE has underperformed X03B.DE with an annualized return of -2.50%, while X03B.DE has yielded a comparatively higher 0.23% 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%
X03B.DE
- 1D
- 0.03%
- 1M
- -0.06%
- 6M
- 0.02%
- YTD
- 0.19%
- 1Y
- 0.87%
- 3Y*
- 2.75%
- 5Y*
- 0.71%
- 10Y*
- 0.23%
EL4Q.DE vs. X03B.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% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.19% | 2.25% | 3.05% | 3.36% | -4.65% | -0.78% | -0.13% | 0.14% | -0.34% | -0.48% |
Correlation
The correlation between EL4Q.DE and X03B.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2011 | 0.59 |
The correlation between EL4Q.DE and X03B.DE shifts across timeframes, from 0.59 (all time) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL4Q.DE vs. X03B.DE — Risk / Return Rank
EL4Q.DE
X03B.DE
EL4Q.DE vs. X03B.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 Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.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 | X03B.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.13 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.68 | -0.79 |
| Martin ratioReturn relative to average drawdown | -0.23 | 2.09 | -2.33 |
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Drawdowns
EL4Q.DE vs. X03B.DE - Drawdown Comparison
The maximum EL4Q.DE drawdown since its inception was -47.27%, which is greater than X03B.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for EL4Q.DE and X03B.DE.
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Drawdown Indicators
| EL4Q.DE | X03B.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.27% | -6.78% | -40.49% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -1.28% | -4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -13.02% | -1.28% | -11.74% |
Max Drawdown (5Y)Largest decline over 5 years | -45.32% | -5.67% | -39.65% |
Max Drawdown (10Y)Largest decline over 10 years | -47.27% | -6.73% | -40.54% |
Current DrawdownCurrent decline from peak | -40.57% | -0.38% | -40.19% |
Average DrawdownAverage peak-to-trough decline | -13.51% | -1.17% | -12.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 0.42% | +2.33% |
Volatility
EL4Q.DE vs. X03B.DE - Volatility Comparison
Deka iBoxx EUR Liquid Sovereign Diversified 10+ UCITS ETF (EL4Q.DE) has a higher volatility of 2.32% compared to Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) at 0.37%. This indicates that EL4Q.DE's price experiences larger fluctuations and is considered to be riskier than X03B.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4Q.DE | X03B.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 0.37% | +1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 6.72% | 1.25% | +5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.58% | 1.33% | +7.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.69% | 1.64% | +13.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.57% | 1.33% | +11.24% |
EL4Q.DE vs. X03B.DE - Expense Ratio Comparison
Both EL4Q.DE and X03B.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. X03B.DE - Dividend Comparison
EL4Q.DE's dividend yield for the trailing twelve months is around 3.29%, more than X03B.DE's 1.53% 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% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 1.53% | 1.39% | 0.98% | 0.28% | 0.12% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.66% |
Frequently Asked Questions
EL4Q.DE and X03B.DE have a correlation of 0.71, 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 X03B.DE have the same expense ratio: 0.15% per year.
EL4Q.DE tracks iBoxx EUR Liquid Sovereign Diversified 10+ Index, while X03B.DE tracks iBoxx® EUR Eurozone 1-3. They also come from different issuers: Deka and Xtrackers.
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