EL4T.DE vs. IBCA.DE
EL4T.DE (Deka Deutsche Boerse EUROGOV Germany 3-5 UCITS ETF) and IBCA.DE (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) are both European Government Bonds funds - EL4T.DE tracks the Deutsche Börse EUROGOV® Germany 3-5 while IBCA.DE tracks the Bloomberg Euro Government Bond 1-3. Both are passively managed. Over the past 10 years, EL4T.DE returned -0.56%/yr vs 0.36%/yr for IBCA.DE. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
EL4T.DE vs. IBCA.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 IBCA.DE's 0.16% return. Over the past 10 years, EL4T.DE has underperformed IBCA.DE with an annualized return of -0.56%, while IBCA.DE has yielded a comparatively higher 0.36% annualized 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%
IBCA.DE
- 1D
- 0.06%
- 1M
- 0.09%
- YTD
- 0.16%
- 6M
- 0.30%
- 1Y
- 1.12%
- 3Y*
- 2.71%
- 5Y*
- 0.81%
- 10Y*
- 0.36%
EL4T.DE vs. IBCA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -0.15% | 0.48% | -1.32% |
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 0.16% | 2.31% | 3.05% | 3.50% | -4.26% | -0.84% | -0.15% | 0.14% | -0.27% | 0.02% |
Correlation
The correlation between EL4T.DE and IBCA.DE is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2009 | 0.45 |
Over the past year, EL4T.DE and IBCA.DE have become more correlated (0.80) than their long-term average of 0.45, meaning their price movements have been converging.
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Return for Risk
EL4T.DE vs. IBCA.DE — Risk / Return Rank
EL4T.DE
IBCA.DE
EL4T.DE vs. IBCA.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 iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.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 | IBCA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.15 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 0.84 | -0.91 |
| Martin ratioReturn relative to average drawdown | -0.17 | 2.70 | -2.87 |
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 | IBCA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 0.71 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.52 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | 0.09 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.25 | +0.01 |
Drawdowns
EL4T.DE vs. IBCA.DE - Drawdown Comparison
The maximum EL4T.DE drawdown since its inception was -13.89%, which is greater than IBCA.DE's maximum drawdown of -8.31%. Use the drawdown chart below to compare losses from any high point for EL4T.DE and IBCA.DE.
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Drawdown Indicators
| EL4T.DE | IBCA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.89% | -8.31% | -5.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.04% | -1.14% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -2.28% | -1.14% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -12.08% | -5.21% | -6.87% |
Max Drawdown (10Y)Largest decline over 10 years | -13.89% | -8.31% | -5.58% |
Current DrawdownCurrent decline from peak | -6.64% | -0.45% | -6.19% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -1.03% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.36% | +0.45% |
Volatility
EL4T.DE vs. IBCA.DE - Volatility Comparison
Deka Deutsche Boerse EUROGOV Germany 3-5 UCITS ETF (EL4T.DE) has a higher volatility of 0.98% compared to iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.DE) at 0.64%. This indicates that EL4T.DE's price experiences larger fluctuations and is considered to be riskier than IBCA.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 | IBCA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 0.64% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 1.27% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.36% | 1.36% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.49% | 1.55% | +1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.69% | 3.81% | -1.12% |
EL4T.DE vs. IBCA.DE - Expense Ratio Comparison
Both EL4T.DE and IBCA.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
EL4T.DE vs. IBCA.DE - Dividend Comparison
EL4T.DE's dividend yield for the trailing twelve months is around 1.35%, less than IBCA.DE's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 2.18% | 2.45% | 2.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.29% |
Frequently Asked Questions
EL4T.DE and IBCA.DE have a correlation of 0.80, 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.
EL4T.DE and IBCA.DE have the same expense ratio: 0.15% per year.
EL4T.DE tracks Deutsche Börse EUROGOV® Germany 3-5, while IBCA.DE tracks Bloomberg Euro Government Bond 1-3. They also come from different issuers: Deka and iShares.
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