EL4S.DE vs. EUN9.DE
EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) and EUN9.DE (iShares Euro Government Bond 5-7yr UCITS ETF) are both European Government Bonds funds - EL4S.DE tracks the Deutsche Börse EUROGOV® Germany 1-3 while EUN9.DE tracks the Bloomberg Euro Government Bond 5-7. Both are passively managed. Over the past 10 years, EL4S.DE returned -0.20%/yr vs 0.08%/yr for EUN9.DE. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
EL4S.DE vs. EUN9.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 EUN9.DE's -0.02% return. Over the past 10 years, EL4S.DE has underperformed EUN9.DE with an annualized return of -0.20%, while EUN9.DE has yielded a comparatively higher 0.08% 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%
EUN9.DE
- 1D
- 0.08%
- 1M
- 0.50%
- YTD
- -0.02%
- 6M
- -0.08%
- 1Y
- 0.41%
- 3Y*
- 2.94%
- 5Y*
- -1.15%
- 10Y*
- 0.08%
EL4S.DE vs. EUN9.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% |
EUN9.DE iShares Euro Government Bond 5-7yr UCITS ETF | -0.02% | 2.45% | 1.87% | 6.90% | -14.78% | -1.90% | 2.71% | 4.34% | 0.55% | 0.34% |
Correlation
The correlation between EL4S.DE and EUN9.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 | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2009 | 0.65 |
The correlation between EL4S.DE and EUN9.DE shifts across timeframes, from 0.65 (all time) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL4S.DE vs. EUN9.DE — Risk / Return Rank
EL4S.DE
EUN9.DE
EL4S.DE vs. EUN9.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 iShares Euro Government Bond 5-7yr UCITS ETF (EUN9.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 | EUN9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.02 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 0.12 | +0.47 |
| Martin ratioReturn relative to average drawdown | 1.87 | 0.33 | +1.53 |
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 | EUN9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.10 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | -0.21 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.18 | 0.02 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | 0.34 | -0.65 |
Drawdowns
EL4S.DE vs. EUN9.DE - Drawdown Comparison
The maximum EL4S.DE drawdown since its inception was -13.04%, smaller than the maximum EUN9.DE drawdown of -17.43%. Use the drawdown chart below to compare losses from any high point for EL4S.DE and EUN9.DE.
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Drawdown Indicators
| EL4S.DE | EUN9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.04% | -17.43% | +4.39% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -3.42% | +2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -3.42% | +2.39% |
Max Drawdown (5Y)Largest decline over 5 years | -5.86% | -17.35% | +11.49% |
Max Drawdown (10Y)Largest decline over 10 years | -9.46% | -17.43% | +7.97% |
Current DrawdownCurrent decline from peak | -6.04% | -7.00% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -3.80% | -2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 1.23% | -0.91% |
Volatility
EL4S.DE vs. EUN9.DE - Volatility Comparison
The current volatility for Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) is 0.44%, while iShares Euro Government Bond 5-7yr UCITS ETF (EUN9.DE) has a volatility of 1.57%. This indicates that EL4S.DE experiences smaller price fluctuations and is considered to be less risky than EUN9.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4S.DE | EUN9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 1.57% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 3.45% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.10% | 3.96% | -2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.46% | 5.41% | -3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.12% | 4.32% | -3.20% |
EL4S.DE vs. EUN9.DE - Expense Ratio Comparison
Both EL4S.DE and EUN9.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. EUN9.DE - Dividend Comparison
EL4S.DE's dividend yield for the trailing twelve months is around 1.48%, less than EUN9.DE's 2.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EUN9.DE iShares Euro Government Bond 5-7yr UCITS ETF | 2.66% | 2.66% | 2.53% | 0.86% | 0.00% | 0.00% | 0.14% | 0.49% | 0.35% | 0.23% | 0.53% | 0.36% |
Frequently Asked Questions
EL4S.DE and EUN9.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.
EL4S.DE and EUN9.DE have the same expense ratio: 0.15% per year.
EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3, while EUN9.DE tracks Bloomberg Euro Government Bond 5-7. They also come from different issuers: Deka and iShares.
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