EL4R.DE vs. XYP1.DE
EL4R.DE (Deka Deutsche Boerse EUROGOV Germany UCITS ETF) and XYP1.DE (Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF) are both European Government Bonds funds - EL4R.DE tracks the Deutsche Börse EUROGOV® Germany 1-10 while XYP1.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3. Both are passively managed. Over the past 10 years, EL4R.DE returned -0.83%/yr vs 0.56%/yr for XYP1.DE. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
EL4R.DE vs. XYP1.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 XYP1.DE's 0.03% return. Over the past 10 years, EL4R.DE has underperformed XYP1.DE with an annualized return of -0.83%, while XYP1.DE has yielded a comparatively higher 0.56% 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%
XYP1.DE
- 1D
- 0.05%
- 1M
- 0.03%
- YTD
- 0.03%
- 6M
- 0.15%
- 1Y
- 0.93%
- 3Y*
- 2.85%
- 5Y*
- 0.86%
- 10Y*
- 0.56%
EL4R.DE vs. XYP1.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% |
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 0.03% | 2.37% | 3.44% | 3.75% | -4.62% | -0.71% | 0.54% | 1.24% | -0.04% | -0.30% |
Correlation
The correlation between EL4R.DE and XYP1.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013 | 0.49 |
Over the past year, EL4R.DE and XYP1.DE have become more correlated (0.80) than their long-term average of 0.49, meaning their price movements have been converging.
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Return for Risk
EL4R.DE vs. XYP1.DE — Risk / Return Rank
EL4R.DE
XYP1.DE
EL4R.DE vs. XYP1.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 Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.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 | XYP1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.11 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 0.55 | -0.67 |
| Martin ratioReturn relative to average drawdown | -0.29 | 1.75 | -2.04 |
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 | XYP1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 0.56 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | 0.49 | -0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.24 | 0.28 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.46 | -0.22 |
Drawdowns
EL4R.DE vs. XYP1.DE - Drawdown Comparison
The maximum EL4R.DE drawdown since its inception was -18.11%, which is greater than XYP1.DE's maximum drawdown of -5.77%. Use the drawdown chart below to compare losses from any high point for EL4R.DE and XYP1.DE.
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Drawdown Indicators
| EL4R.DE | XYP1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.11% | -5.77% | -12.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -1.39% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -2.76% | -1.39% | -1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -5.53% | -10.64% |
Max Drawdown (10Y)Largest decline over 10 years | -18.11% | -5.77% | -12.34% |
Current DrawdownCurrent decline from peak | -11.63% | -0.61% | -11.02% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -0.93% | -3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.44% | +0.55% |
Volatility
EL4R.DE vs. XYP1.DE - Volatility Comparison
Deka Deutsche Boerse EUROGOV Germany UCITS ETF (EL4R.DE) has a higher volatility of 1.25% compared to Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) at 0.49%. This indicates that EL4R.DE's price experiences larger fluctuations and is considered to be riskier than XYP1.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 | XYP1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 0.49% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 1.25% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.04% | 1.38% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.65% | 1.75% | +2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.74% | 2.01% | +1.73% |
EL4R.DE vs. XYP1.DE - Expense Ratio Comparison
Both EL4R.DE and XYP1.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
EL4R.DE vs. XYP1.DE - Dividend Comparison
EL4R.DE's dividend yield for the trailing twelve months is around 1.20%, while XYP1.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EL4R.DE and XYP1.DE have a correlation of 0.80, 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.
EL4R.DE and XYP1.DE have the same expense ratio: 0.15% per year.
EL4R.DE tracks Deutsche Börse EUROGOV® Germany 1-10, while XYP1.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3. They also come from different issuers: Deka and Xtrackers.
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