EL4S.DE vs. IS0L.DE
EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) and IS0L.DE (iShares Germany Government Bond UCITS ETF (Dist)) are both European Government Bonds funds - EL4S.DE tracks the Deutsche Börse EUROGOV® Germany 1-3 while IS0L.DE tracks the Bloomberg Euro Treasury Germany. Both are passively managed. Over the past 10 years, EL4S.DE returned -0.20%/yr vs -1.31%/yr for IS0L.DE. A 0.70 correlation means they provide meaningful diversification when combined. EL4S.DE charges 0.15%/yr vs 0.20%/yr for IS0L.DE.
Performance
EL4S.DE vs. IS0L.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 IS0L.DE's -0.09% return. Over the past 10 years, EL4S.DE has outperformed IS0L.DE with an annualized return of -0.20%, while IS0L.DE has yielded a comparatively lower -1.31% 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%
IS0L.DE
- 1D
- 0.09%
- 1M
- 0.49%
- YTD
- -0.09%
- 6M
- -0.46%
- 1Y
- -1.42%
- 3Y*
- 0.83%
- 5Y*
- -3.06%
- 10Y*
- -1.31%
EL4S.DE vs. IS0L.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% |
IS0L.DE iShares Germany Government Bond UCITS ETF (Dist) | -0.09% | -1.50% | 0.13% | 5.16% | -17.86% | -2.55% | 2.69% | 2.82% | 2.31% | -1.63% |
Correlation
The correlation between EL4S.DE and IS0L.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2012 | 0.70 |
The correlation between EL4S.DE and IS0L.DE shifts across timeframes, from 0.62 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL4S.DE vs. IS0L.DE — Risk / Return Rank
EL4S.DE
IS0L.DE
EL4S.DE vs. IS0L.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 Germany Government Bond UCITS ETF (Dist) (IS0L.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 | IS0L.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.94 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | -0.48 | +1.06 |
| Martin ratioReturn relative to average drawdown | 1.87 | -1.02 | +2.89 |
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 | IS0L.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | -0.40 | +0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | -0.50 | +0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.18 | -0.25 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | -0.03 | -0.27 |
Drawdowns
EL4S.DE vs. IS0L.DE - Drawdown Comparison
The maximum EL4S.DE drawdown since its inception was -13.04%, smaller than the maximum IS0L.DE drawdown of -23.96%. Use the drawdown chart below to compare losses from any high point for EL4S.DE and IS0L.DE.
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Drawdown Indicators
| EL4S.DE | IS0L.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.04% | -23.96% | +10.92% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -2.93% | +1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -4.96% | +3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -5.86% | -21.24% | +15.38% |
Max Drawdown (10Y)Largest decline over 10 years | -9.46% | -23.96% | +14.50% |
Current DrawdownCurrent decline from peak | -6.04% | -19.49% | +13.45% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -7.79% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 1.39% | -1.07% |
Volatility
EL4S.DE vs. IS0L.DE - Volatility Comparison
The current volatility for Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) is 0.44%, while iShares Germany Government Bond UCITS ETF (Dist) (IS0L.DE) has a volatility of 1.37%. This indicates that EL4S.DE experiences smaller price fluctuations and is considered to be less risky than IS0L.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 | IS0L.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 1.37% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 2.74% | -1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.10% | 3.54% | -2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.46% | 6.10% | -4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.12% | 5.27% | -4.15% |
EL4S.DE vs. IS0L.DE - Expense Ratio Comparison
EL4S.DE has a 0.15% expense ratio, which is lower than IS0L.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EL4S.DE vs. IS0L.DE - Dividend Comparison
EL4S.DE's dividend yield for the trailing twelve months is around 1.48%, less than IS0L.DE's 2.19% 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% |
IS0L.DE iShares Germany Government Bond UCITS ETF (Dist) | 2.19% | 2.19% | 2.13% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.35% |
Frequently Asked Questions
EL4S.DE and IS0L.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4S.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4S.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for IS0L.DE.
EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3, while IS0L.DE tracks Bloomberg Euro Treasury Germany. They also come from different issuers: Deka and iShares. Their fees differ too: 0.15% for EL4S.DE and 0.20% for IS0L.DE.
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