EL4R.DE vs. EL42.DE
EL4R.DE (Deka Deutsche Boerse EUROGOV Germany UCITS ETF) and EL42.DE (Deka MSCI Europe UCITS ETF) are both exchange-traded funds - EL4R.DE is a European Government Bonds fund tracking the Deutsche Börse EUROGOV® Germany 1-10, while EL42.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 10 years, EL4R.DE returned -0.83%/yr vs 8.94%/yr for EL42.DE. At a correlation of -0.10, they often move in opposite directions. EL4R.DE charges 0.15%/yr vs 0.30%/yr for EL42.DE.
Performance
EL4R.DE vs. EL42.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4R.DE achieves a -0.04% return, which is significantly lower than EL42.DE's 7.59% return. Over the past 10 years, EL4R.DE has underperformed EL42.DE with an annualized return of -0.83%, while EL42.DE has yielded a comparatively higher 8.94% annualized return.
EL4R.DE
- 1D
- 0.08%
- 1M
- -0.00%
- YTD
- -0.04%
- 6M
- -0.14%
- 1Y
- 0.07%
- 3Y*
- 1.66%
- 5Y*
- -1.76%
- 10Y*
- -0.83%
EL42.DE
- 1D
- 0.56%
- 1M
- 1.11%
- YTD
- 7.59%
- 6M
- 9.92%
- 1Y
- 15.89%
- 3Y*
- 13.43%
- 5Y*
- 9.71%
- 10Y*
- 8.94%
EL4R.DE vs. EL42.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4R.DE Deka Deutsche Boerse EUROGOV Germany UCITS ETF | -0.04% | 0.60% | 1.24% | 4.55% | -13.39% | -2.08% | 0.94% | 0.91% | 1.03% | -1.08% |
EL42.DE Deka MSCI Europe UCITS ETF | 7.59% | 20.03% | 7.79% | 15.64% | -9.11% | 24.38% | -3.36% | 27.36% | -10.93% | 10.10% |
Correlation
The correlation between EL4R.DE and EL42.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 | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2009 | -0.10 |
The correlation between EL4R.DE and EL42.DE shifts across timeframes, from -0.10 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EL4R.DE vs. EL42.DE — Risk / Return Rank
EL4R.DE
EL42.DE
EL4R.DE vs. EL42.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 Deka MSCI Europe UCITS ETF (EL42.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.
| EL4R.DE | EL42.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.24 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 1.67 | -1.79 |
| Martin ratioReturn relative to average drawdown | -0.29 | 6.24 | -6.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EL4R.DE | EL42.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 1.25 | -1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | 0.68 | -1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.24 | 0.57 | -0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.60 | -0.35 |
Drawdowns
EL4R.DE vs. EL42.DE - Drawdown Comparison
The maximum EL4R.DE drawdown since its inception was -18.11%, smaller than the maximum EL42.DE drawdown of -35.85%. Use the drawdown chart below to compare losses from any high point for EL4R.DE and EL42.DE.
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Drawdown Indicators
| EL4R.DE | EL42.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.11% | -35.85% | +17.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -9.57% | +7.16% |
Max Drawdown (3Y)Largest decline over 3 years | -2.76% | -16.42% | +13.66% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -19.44% | +3.27% |
Max Drawdown (10Y)Largest decline over 10 years | -18.11% | -35.85% | +17.74% |
Current DrawdownCurrent decline from peak | -11.63% | -1.52% | -10.11% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -5.32% | +0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 2.56% | -1.57% |
Volatility
EL4R.DE vs. EL42.DE - Volatility Comparison
The current volatility for Deka Deutsche Boerse EUROGOV Germany UCITS ETF (EL4R.DE) is 1.25%, while Deka MSCI Europe UCITS ETF (EL42.DE) has a volatility of 4.22%. This indicates that EL4R.DE experiences smaller price fluctuations and is considered to be less risky than EL42.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 | EL42.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 4.22% | -2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 10.55% | -8.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.04% | 12.74% | -9.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.65% | 14.21% | -9.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.74% | 15.56% | -11.82% |
EL4R.DE vs. EL42.DE - Expense Ratio Comparison
EL4R.DE has a 0.15% expense ratio, which is lower than EL42.DE's 0.30% expense ratio.
Dividends
EL4R.DE vs. EL42.DE - Dividend Comparison
EL4R.DE's dividend yield for the trailing twelve months is around 1.20%, less than EL42.DE's 2.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL42.DE Deka MSCI Europe UCITS ETF | 2.15% | 2.31% | 2.64% | 2.59% | 2.78% | 2.09% | 1.94% | 2.76% | 3.41% | 2.72% | 3.00% | 2.69% |
EL4R.DE Deka Deutsche Boerse EUROGOV Germany UCITS ETF | 1.20% | 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 EL42.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.
On fees, EL4R.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4R.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for EL42.DE.
EL4R.DE is categorized as European Government Bonds, while EL42.DE is Europe Equities. EL4R.DE tracks Deutsche Börse EUROGOV® Germany 1-10, while EL42.DE tracks MSCI Europe. Their fees differ too: 0.15% for EL4R.DE and 0.30% for EL42.DE.
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