EL4S.DE vs. LYS4.DE
EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) and LYS4.DE (Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF Acc) are both European Government Bonds funds - EL4S.DE tracks the Deutsche Börse EUROGOV® Germany 1-3 while LYS4.DE tracks the MTS Mid Price Highest Rated Macro-Weighted 1-3 (EUR). Both are passively managed. Over the past 10 years, EL4S.DE returned -0.20%/yr vs -0.21%/yr for LYS4.DE. Their correlation of 0.82 suggests significant overlap in exposure. EL4S.DE charges 0.15%/yr vs 0.17%/yr for LYS4.DE.
Performance
EL4S.DE vs. LYS4.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 LYS4.DE's 0.05% return. Both investments have delivered pretty close results over the past 10 years, with EL4S.DE having a -0.20% annualized return and LYS4.DE not far behind at -0.21%.
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%
LYS4.DE
- 1D
- 0.08%
- 1M
- 0.27%
- YTD
- 0.05%
- 6M
- 0.09%
- 1Y
- 0.59%
- 3Y*
- 2.29%
- 5Y*
- 0.27%
- 10Y*
- -0.21%
EL4S.DE vs. LYS4.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% |
LYS4.DE Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF Acc | 0.05% | 1.96% | 2.50% | 2.85% | -5.26% | -0.98% | -0.68% | -0.79% | -0.48% | -1.00% |
Correlation
The correlation between EL4S.DE and LYS4.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2012 | 0.82 |
The correlation between EL4S.DE and LYS4.DE shifts across timeframes, from 0.70 (1 year) to 0.89 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL4S.DE vs. LYS4.DE — Risk / Return Rank
EL4S.DE
LYS4.DE
EL4S.DE vs. LYS4.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 Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF Acc (LYS4.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 | LYS4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.09 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 0.44 | +0.14 |
| Martin ratioReturn relative to average drawdown | 1.87 | 1.30 | +0.57 |
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 | LYS4.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.43 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.16 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.18 | -0.14 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | -0.01 | -0.30 |
Drawdowns
EL4S.DE vs. LYS4.DE - Drawdown Comparison
The maximum EL4S.DE drawdown since its inception was -13.04%, which is greater than LYS4.DE's maximum drawdown of -9.86%. Use the drawdown chart below to compare losses from any high point for EL4S.DE and LYS4.DE.
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Drawdown Indicators
| EL4S.DE | LYS4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.04% | -9.86% | -3.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -1.32% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -1.32% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -5.86% | -6.58% | +0.72% |
Max Drawdown (10Y)Largest decline over 10 years | -9.46% | -9.86% | +0.40% |
Current DrawdownCurrent decline from peak | -6.04% | -2.29% | -3.75% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -2.57% | -3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 0.45% | -0.13% |
Volatility
EL4S.DE vs. LYS4.DE - Volatility Comparison
Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) and Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF Acc (LYS4.DE) have volatilities of 0.44% and 0.46%, 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 | LYS4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 0.46% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 1.24% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.10% | 1.35% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.46% | 1.72% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.12% | 1.43% | -0.31% |
EL4S.DE vs. LYS4.DE - Expense Ratio Comparison
EL4S.DE has a 0.15% expense ratio, which is lower than LYS4.DE's 0.17% 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. LYS4.DE - Dividend Comparison
EL4S.DE's dividend yield for the trailing twelve months is around 1.48%, while LYS4.DE has not paid dividends to shareholders.
| 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% |
LYS4.DE Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF Acc | 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
EL4S.DE and LYS4.DE have a correlation of 0.70, 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 0.17% for LYS4.DE.
EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3, while LYS4.DE tracks MTS Mid Price Highest Rated Macro-Weighted 1-3 (EUR). They also come from different issuers: Deka and Amundi. Their fees differ too: 0.15% for EL4S.DE and 0.17% for LYS4.DE.
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