EL4S.DE vs. D5BC.DE
EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) and D5BC.DE (Xtrackers II Germany Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - EL4S.DE tracks the Deutsche Börse EUROGOV® Germany 1-3 while D5BC.DE tracks the iBoxx® EUR Germany 1-3. Both are passively managed. Over the past 10 years, EL4S.DE returned -0.20%/yr vs -0.22%/yr for D5BC.DE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
EL4S.DE vs. D5BC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4S.DE achieves a 0.11% return, which is significantly higher than D5BC.DE's 0.01% return. Over the past 10 years, EL4S.DE has outperformed D5BC.DE with an annualized return of -0.20%, while D5BC.DE has yielded a comparatively lower -0.22% annualized return.
EL4S.DE
- 1D
- 0.02%
- 1M
- 0.23%
- YTD
- 0.11%
- 6M
- 0.14%
- 1Y
- 0.60%
- 3Y*
- 2.24%
- 5Y*
- 0.36%
- 10Y*
- -0.20%
D5BC.DE
- 1D
- 0.03%
- 1M
- 0.22%
- YTD
- 0.01%
- 6M
- 0.06%
- 1Y
- 0.50%
- 3Y*
- 2.03%
- 5Y*
- 0.22%
- 10Y*
- -0.22%
EL4S.DE vs. D5BC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 0.11% | 1.65% | 2.75% | 2.51% | -4.56% | -0.97% | -0.79% | -0.83% | -0.57% | -1.08% |
D5BC.DE Xtrackers II Germany Government Bond 1-3 UCITS ETF | 0.01% | 1.69% | 2.24% | 2.60% | -4.78% | -0.95% | -0.76% | -0.89% | -0.01% | -1.07% |
Correlation
The correlation between EL4S.DE and D5BC.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2010 | 0.86 |
The correlation between EL4S.DE and D5BC.DE shifts across timeframes, from 0.77 (1 year) to 0.90 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL4S.DE vs. D5BC.DE — Risk / Return Rank
EL4S.DE
D5BC.DE
EL4S.DE vs. D5BC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) and Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.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.
| EL4S.DE | D5BC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.09 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 0.46 | +0.12 |
| Martin ratioReturn relative to average drawdown | 1.87 | 1.39 | +0.48 |
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
| EL4S.DE | D5BC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.45 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.14 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.18 | -0.18 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | 0.14 | -0.44 |
Drawdowns
EL4S.DE vs. D5BC.DE - Drawdown Comparison
The maximum EL4S.DE drawdown since its inception was -13.04%, which is greater than D5BC.DE's maximum drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for EL4S.DE and D5BC.DE.
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Drawdown Indicators
| EL4S.DE | D5BC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.04% | -9.22% | -3.82% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -1.08% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -1.08% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -5.86% | -6.12% | +0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -9.46% | -9.22% | -0.24% |
Current DrawdownCurrent decline from peak | -6.04% | -2.33% | -3.71% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -2.32% | -3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 0.36% | -0.04% |
Volatility
EL4S.DE vs. D5BC.DE - Volatility Comparison
Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) and Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.DE) have volatilities of 0.44% and 0.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4S.DE | D5BC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 0.42% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 1.01% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.10% | 1.11% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.46% | 1.57% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.12% | 1.21% | -0.09% |
EL4S.DE vs. D5BC.DE - Expense Ratio Comparison
Both EL4S.DE and D5BC.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
EL4S.DE vs. D5BC.DE - Dividend Comparison
EL4S.DE's dividend yield for the trailing twelve months is around 1.48%, more than D5BC.DE's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D5BC.DE Xtrackers II Germany Government Bond 1-3 UCITS ETF | 1.26% | 1.05% | 0.35% | 0.62% | 1.27% | 0.76% | 0.00% | 0.00% | 0.47% | 0.00% | 0.46% | 0.54% |
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 1.48% | 1.20% | 0.83% | 0.60% | 0.88% | 0.94% | 0.78% | 1.06% | 0.99% | 1.63% | 1.46% | 1.60% |
Frequently Asked Questions
EL4S.DE and D5BC.DE have a correlation of 0.77, 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.
EL4S.DE and D5BC.DE have the same expense ratio: 0.15% per year.
EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3, while D5BC.DE tracks iBoxx® EUR Germany 1-3. They also come from different issuers: Deka and Xtrackers.
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