EL4T.DE vs. EIB3.DE
EL4T.DE (Deka Deutsche Boerse EUROGOV Germany 3-5 UCITS ETF) and EIB3.DE (Invesco Euro Government Bond 1-3 Year UCITS ETF Dist) are both European Government Bonds funds - EL4T.DE tracks the Deutsche Börse EUROGOV® Germany 3-5 while EIB3.DE tracks the Bloomberg Euro Government Select 1-3. Both are passively managed. Over the past 5 years, EL4T.DE returned -0.85%/yr vs 0.63%/yr for EIB3.DE. Their correlation of 0.82 suggests significant overlap in exposure. EL4T.DE charges 0.15%/yr vs 0.10%/yr for EIB3.DE.
Performance
EL4T.DE vs. EIB3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4T.DE achieves a -0.14% return, which is significantly lower than EIB3.DE's 0.19% return.
EL4T.DE
- 1D
- 0.05%
- 1M
- -0.02%
- YTD
- -0.14%
- 6M
- -0.19%
- 1Y
- 0.11%
- 3Y*
- 1.95%
- 5Y*
- -0.85%
- 10Y*
- -0.56%
EIB3.DE
- 1D
- 0.93%
- 1M
- 0.06%
- YTD
- 0.19%
- 6M
- 0.56%
- 1Y
- 0.95%
- 3Y*
- 2.63%
- 5Y*
- 0.63%
- 10Y*
- —
EL4T.DE vs. EIB3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EL4T.DE Deka Deutsche Boerse EUROGOV Germany 3-5 UCITS ETF | -0.14% | 1.23% | 1.66% | 4.09% | -9.83% | -1.28% | -0.09% | -1.86% |
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 0.19% | 2.14% | 3.03% | 3.39% | -4.93% | -0.76% | -0.13% | -0.51% |
Correlation
The correlation between EL4T.DE and EIB3.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019 | 0.82 |
Over the past year, the correlation between EL4T.DE and EIB3.DE has dropped to 0.60 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
EL4T.DE vs. EIB3.DE — Risk / Return Rank
EL4T.DE
EIB3.DE
EL4T.DE vs. EIB3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Deutsche Boerse EUROGOV Germany 3-5 UCITS ETF (EL4T.DE) and Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.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.
| EL4T.DE | EIB3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.06 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 0.50 | -0.57 |
| Martin ratioReturn relative to average drawdown | -0.17 | 1.50 | -1.67 |
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
| EL4T.DE | EIB3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 0.26 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.30 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.17 | +0.08 |
Drawdowns
EL4T.DE vs. EIB3.DE - Drawdown Comparison
The maximum EL4T.DE drawdown since its inception was -13.89%, which is greater than EIB3.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for EL4T.DE and EIB3.DE.
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Drawdown Indicators
| EL4T.DE | EIB3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.89% | -6.78% | -7.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.04% | -1.60% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -2.28% | -1.60% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -12.08% | -5.91% | -6.17% |
Max Drawdown (10Y)Largest decline over 10 years | -13.89% | — | — |
Current DrawdownCurrent decline from peak | -6.64% | -0.68% | -5.96% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -2.06% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.54% | +0.27% |
Volatility
EL4T.DE vs. EIB3.DE - Volatility Comparison
The current volatility for Deka Deutsche Boerse EUROGOV Germany 3-5 UCITS ETF (EL4T.DE) is 0.98%, while Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) has a volatility of 1.50%. This indicates that EL4T.DE experiences smaller price fluctuations and is considered to be less risky than EIB3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4T.DE | EIB3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 1.50% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 2.75% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.36% | 3.11% | -0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.49% | 2.11% | +1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.69% | 1.89% | +0.80% |
EL4T.DE vs. EIB3.DE - Expense Ratio Comparison
EL4T.DE has a 0.15% expense ratio, which is higher than EIB3.DE's 0.10% 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
EL4T.DE vs. EIB3.DE - Dividend Comparison
EL4T.DE's dividend yield for the trailing twelve months is around 1.35%, less than EIB3.DE's 2.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 2.41% | 2.51% | 2.80% | 2.24% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL4T.DE Deka Deutsche Boerse EUROGOV Germany 3-5 UCITS ETF | 1.35% | 1.33% | 1.34% | 0.83% | 0.21% | 0.61% | 0.96% | 0.99% | 0.91% | 1.44% | 1.56% | 1.80% |
Frequently Asked Questions
EL4T.DE and EIB3.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIB3.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIB3.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for EL4T.DE.
EL4T.DE tracks Deutsche Börse EUROGOV® Germany 3-5, while EIB3.DE tracks Bloomberg Euro Government Select 1-3. They also come from different issuers: Deka and Invesco. Their fees differ too: 0.15% for EL4T.DE and 0.10% for EIB3.DE.
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