EL4T.DE vs. X710.DE
EL4T.DE (Deka Deutsche Boerse EUROGOV Germany 3-5 UCITS ETF) and X710.DE (Xtrackers II Eurozone Government Bond 7-10 UCITS ETF) are both European Government Bonds funds - EL4T.DE tracks the Deutsche Börse EUROGOV® Germany 3-5 while X710.DE tracks the Markit iBoxx® EUR Eurozone 7-10. Both are passively managed. Over the past 10 years, EL4T.DE returned -0.54%/yr vs -0.07%/yr for X710.DE. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
EL4T.DE vs. X710.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4T.DE achieves a 0.48% return, which is significantly lower than X710.DE's 1.35% return. Over the past 10 years, EL4T.DE has underperformed X710.DE with an annualized return of -0.54%, while X710.DE has yielded a comparatively higher -0.07% annualized return.
EL4T.DE
- 1D
- 0.07%
- 1M
- 0.54%
- YTD
- 0.48%
- 6M
- 0.59%
- 1Y
- 0.52%
- 3Y*
- 2.24%
- 5Y*
- -0.69%
- 10Y*
- -0.54%
X710.DE
- 1D
- 0.00%
- 1M
- 1.01%
- YTD
- 1.35%
- 6M
- 1.53%
- 1Y
- 1.67%
- 3Y*
- 2.82%
- 5Y*
- -1.99%
- 10Y*
- -0.07%
EL4T.DE vs. X710.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 | 0.48% | 1.23% | 1.67% | 4.08% | -9.83% | -1.28% | -0.08% | -0.15% | 0.48% | -1.32% |
X710.DE Xtrackers II Eurozone Government Bond 7-10 UCITS ETF | 1.35% | 1.72% | 0.93% | 8.80% | -19.87% | -3.00% | 4.20% | 6.78% | 1.03% | 1.08% |
Correlation
The correlation between EL4T.DE and X710.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2009 | 0.65 |
Over the past year, EL4T.DE and X710.DE have become more correlated (0.87) than their long-term average of 0.65, meaning their price movements have been converging.
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Return for Risk
EL4T.DE vs. X710.DE — Risk / Return Rank
EL4T.DE
X710.DE
EL4T.DE vs. X710.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 Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EL4T.DE | X710.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.06 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 0.40 | -0.15 |
| Martin ratioReturn relative to average drawdown | 0.61 | 1.04 | -0.43 |
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Drawdowns
EL4T.DE vs. X710.DE - Drawdown Comparison
The maximum EL4T.DE drawdown since its inception was -13.89%, smaller than the maximum X710.DE drawdown of -23.16%. Use the drawdown chart below to compare losses from any high point for EL4T.DE and X710.DE.
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Drawdown Indicators
| EL4T.DE | X710.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.89% | -23.16% | +9.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.04% | -4.18% | +2.14% |
Max Drawdown (3Y)Largest decline over 3 years | -2.28% | -4.41% | +2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -12.08% | -22.84% | +10.76% |
Max Drawdown (10Y)Largest decline over 10 years | -13.89% | -23.16% | +9.27% |
Current DrawdownCurrent decline from peak | -6.06% | -12.37% | +6.31% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -5.21% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.61% | -0.76% |
Volatility
EL4T.DE vs. X710.DE - Volatility Comparison
The current volatility for Deka Deutsche Boerse EUROGOV Germany 3-5 UCITS ETF (EL4T.DE) is 0.64%, while Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.DE) has a volatility of 1.23%. This indicates that EL4T.DE experiences smaller price fluctuations and is considered to be less risky than X710.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 | X710.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 1.23% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 4.17% | -2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.36% | 4.90% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.50% | 7.36% | -3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.68% | 6.28% | -3.60% |
EL4T.DE vs. X710.DE - Expense Ratio Comparison
Both EL4T.DE and X710.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. X710.DE - Dividend Comparison
EL4T.DE's dividend yield for the trailing twelve months is around 1.35%, while X710.DE has not paid dividends to shareholders.
| 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% |
X710.DE Xtrackers II Eurozone Government Bond 7-10 UCITS ETF | 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
EL4T.DE and X710.DE have a correlation of 0.87, 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 X710.DE have the same expense ratio: 0.15% per year.
EL4T.DE tracks Deutsche Börse EUROGOV® Germany 3-5, while X710.DE tracks Markit iBoxx® EUR Eurozone 7-10. They also come from different issuers: Deka and Xtrackers.
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