EL4S.DE vs. SECD.DE
EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) and SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) are both European Government Bonds funds - EL4S.DE tracks the Deutsche Börse EUROGOV® Germany 1-3 while SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. Both are passively managed. Over the past 5 years, EL4S.DE returned 0.36%/yr vs -2.19%/yr for SECD.DE. A 0.72 correlation means they provide meaningful diversification when combined. EL4S.DE charges 0.15%/yr vs 0.09%/yr for SECD.DE.
Performance
EL4S.DE vs. SECD.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 lower than SECD.DE's 0.13% 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%
SECD.DE
- 1D
- 0.11%
- 1M
- 0.64%
- YTD
- 0.13%
- 6M
- 0.10%
- 1Y
- -0.03%
- 3Y*
- 2.34%
- 5Y*
- -2.19%
- 10Y*
- —
EL4S.DE vs. SECD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 0.11% | 1.65% | 2.75% | 2.51% | -4.56% | -0.97% | -0.20% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 0.13% | 0.63% | 1.57% | 6.94% | -18.16% | -3.30% | 1.19% |
Correlation
The correlation between EL4S.DE and SECD.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 | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.72 |
The correlation between EL4S.DE and SECD.DE shifts across timeframes, from 0.62 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL4S.DE vs. SECD.DE — Risk / Return Rank
EL4S.DE
SECD.DE
EL4S.DE vs. SECD.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 Climate UCITS ETF EUR Dist (SECD.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 | SECD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.00 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | -0.01 | +0.59 |
| Martin ratioReturn relative to average drawdown | 1.87 | -0.02 | +1.89 |
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 | SECD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | -0.01 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | -0.34 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | -0.38 | +0.08 |
Drawdowns
EL4S.DE vs. SECD.DE - Drawdown Comparison
The maximum EL4S.DE drawdown since its inception was -13.04%, smaller than the maximum SECD.DE drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for EL4S.DE and SECD.DE.
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Drawdown Indicators
| EL4S.DE | SECD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.04% | -22.04% | +9.00% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -3.41% | +2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -3.96% | +2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -5.86% | -21.21% | +15.35% |
Max Drawdown (10Y)Largest decline over 10 years | -9.46% | — | — |
Current DrawdownCurrent decline from peak | -6.04% | -13.67% | +7.63% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -12.64% | +6.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 1.33% | -1.01% |
Volatility
EL4S.DE vs. SECD.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 Climate UCITS ETF EUR Dist (SECD.DE) has a volatility of 1.78%. This indicates that EL4S.DE experiences smaller price fluctuations and is considered to be less risky than SECD.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 | SECD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 1.78% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 3.63% | -2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.10% | 4.34% | -3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.46% | 6.28% | -4.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.12% | 6.02% | -4.90% |
EL4S.DE vs. SECD.DE - Expense Ratio Comparison
EL4S.DE has a 0.15% expense ratio, which is higher than SECD.DE's 0.09% expense ratio. However, 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. SECD.DE - Dividend Comparison
EL4S.DE's dividend yield for the trailing twelve months is around 1.48%, less than SECD.DE's 2.71% 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% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.71% | 2.59% | 2.30% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EL4S.DE and SECD.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, SECD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECD.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for EL4S.DE.
EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3, while SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. They also come from different issuers: Deka and iShares. Their fees differ too: 0.15% for EL4S.DE and 0.09% for SECD.DE.
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