EL4R.DE vs. EIBX.DE
EL4R.DE (Deka Deutsche Boerse EUROGOV Germany UCITS ETF) and EIBX.DE (Invesco Euro Government Bond 7-10 Year UCITS ETF Dist) are both European Government Bonds funds - EL4R.DE tracks the Deutsche Börse EUROGOV® Germany 1-10 while EIBX.DE tracks the Bloomberg Euro Government Select 7-10. Both are passively managed. Over the past 5 years, EL4R.DE returned -1.87%/yr vs -2.58%/yr for EIBX.DE. Their correlation of 0.88 suggests significant overlap in exposure. EL4R.DE charges 0.15%/yr vs 0.10%/yr for EIBX.DE.
Performance
EL4R.DE vs. EIBX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4R.DE achieves a -0.10% return, which is significantly higher than EIBX.DE's -0.37% return.
EL4R.DE
- 1D
- 0.01%
- 1M
- -0.52%
- 6M
- -0.53%
- YTD
- -0.10%
- 1Y
- 0.04%
- 3Y*
- 1.87%
- 5Y*
- -1.87%
- 10Y*
- -0.89%
EIBX.DE
- 1D
- -0.22%
- 1M
- -1.00%
- 6M
- -0.77%
- YTD
- -0.37%
- 1Y
- 0.77%
- 3Y*
- 2.77%
- 5Y*
- -2.58%
- 10Y*
- —
EL4R.DE vs. EIBX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EL4R.DE Deka Deutsche Boerse EUROGOV Germany UCITS ETF | -0.10% | 0.60% | 1.24% | 4.55% | -13.49% | -1.97% | 0.95% | -2.67% |
EIBX.DE Invesco Euro Government Bond 7-10 Year UCITS ETF Dist | -0.37% | 1.88% | 0.91% | 8.83% | -19.82% | -2.95% | 4.27% | -3.35% |
Correlation
The correlation between EL4R.DE and EIBX.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2019 | 0.88 |
The correlation between EL4R.DE and EIBX.DE has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.
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Return for Risk
EL4R.DE vs. EIBX.DE — Risk / Return Rank
EL4R.DE
EIBX.DE
EL4R.DE vs. EIBX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Deutsche Boerse EUROGOV Germany UCITS ETF (EL4R.DE) and Invesco Euro Government Bond 7-10 Year UCITS ETF Dist (EIBX.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.
| EL4R.DE | EIBX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.03 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 0.19 | -0.17 |
| Martin ratioReturn relative to average drawdown | 0.04 | 0.48 | -0.44 |
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Drawdowns
EL4R.DE vs. EIBX.DE - Drawdown Comparison
The maximum EL4R.DE drawdown since its inception was -18.12%, smaller than the maximum EIBX.DE drawdown of -23.08%. Use the drawdown chart below to compare losses from any high point for EL4R.DE and EIBX.DE.
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Drawdown Indicators
| EL4R.DE | EIBX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.12% | -23.08% | +4.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -4.07% | +1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -2.76% | -4.43% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -22.78% | +6.61% |
Max Drawdown (10Y)Largest decline over 10 years | -18.12% | — | — |
Current DrawdownCurrent decline from peak | -11.69% | -13.63% | +1.94% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -11.08% | +6.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.61% | -0.54% |
Volatility
EL4R.DE vs. EIBX.DE - Volatility Comparison
The current volatility for Deka Deutsche Boerse EUROGOV Germany UCITS ETF (EL4R.DE) is 0.77%, while Invesco Euro Government Bond 7-10 Year UCITS ETF Dist (EIBX.DE) has a volatility of 1.56%. This indicates that EL4R.DE experiences smaller price fluctuations and is considered to be less risky than EIBX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4R.DE | EIBX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 1.56% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 4.25% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.97% | 5.14% | -2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.53% | 7.43% | -2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.57% | 6.56% | -2.99% |
EL4R.DE vs. EIBX.DE - Expense Ratio Comparison
EL4R.DE has a 0.15% expense ratio, which is higher than EIBX.DE's 0.10% 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
EL4R.DE vs. EIBX.DE - Dividend Comparison
EL4R.DE's dividend yield for the trailing twelve months is around 1.38%, less than EIBX.DE's 3.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIBX.DE Invesco Euro Government Bond 7-10 Year UCITS ETF Dist | 3.00% | 2.89% | 2.87% | 2.43% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL4R.DE Deka Deutsche Boerse EUROGOV Germany UCITS ETF | 1.38% | 1.12% | 0.66% | 0.26% | 0.16% | 0.25% | 0.35% | 0.62% | 0.74% | 1.62% | 2.14% | 2.60% |
Frequently Asked Questions
EL4R.DE and EIBX.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIBX.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIBX.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for EL4R.DE.
EL4R.DE tracks Deutsche Börse EUROGOV® Germany 1-10, while EIBX.DE tracks Bloomberg Euro Government Select 7-10. They also come from different issuers: Deka and Invesco. Their fees differ too: 0.15% for EL4R.DE and 0.10% for EIBX.DE.
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