EL4U.DE vs. DBXP.DE
EL4U.DE (Deka Deutsche Boerse EUROGOV Germany 5-10 UCITS ETF) and DBXP.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - EL4U.DE tracks the Deutsche Börse EUROGOV® Germany 5-10 while DBXP.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 10 years, EL4U.DE returned -0.90%/yr vs 0.22%/yr for DBXP.DE. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
EL4U.DE vs. DBXP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4U.DE achieves a -0.04% return, which is significantly lower than DBXP.DE's 0.04% return. Over the past 10 years, EL4U.DE has underperformed DBXP.DE with an annualized return of -0.90%, while DBXP.DE has yielded a comparatively higher 0.22% annualized return.
EL4U.DE
- 1D
- 0.12%
- 1M
- 0.04%
- YTD
- -0.04%
- 6M
- -0.25%
- 1Y
- -0.34%
- 3Y*
- 1.40%
- 5Y*
- -2.41%
- 10Y*
- -0.90%
DBXP.DE
- 1D
- 0.04%
- 1M
- -0.01%
- YTD
- 0.04%
- 6M
- 0.14%
- 1Y
- 0.89%
- 3Y*
- 2.61%
- 5Y*
- 0.67%
- 10Y*
- 0.22%
EL4U.DE vs. DBXP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4U.DE Deka Deutsche Boerse EUROGOV Germany 5-10 UCITS ETF | -0.04% | -0.07% | 0.17% | 6.10% | -16.19% | -2.26% | 1.86% | 2.27% | 2.08% | -1.11% |
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.04% | 2.21% | 2.99% | 3.41% | -4.59% | -0.85% | -0.18% | 0.17% | -0.37% | -0.45% |
Correlation
The correlation between EL4U.DE and DBXP.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2009 | 0.45 |
Over the past year, EL4U.DE and DBXP.DE have become more correlated (0.77) than their long-term average of 0.45, meaning their price movements have been converging.
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Return for Risk
EL4U.DE vs. DBXP.DE — Risk / Return Rank
EL4U.DE
DBXP.DE
EL4U.DE vs. DBXP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Deutsche Boerse EUROGOV Germany 5-10 UCITS ETF (EL4U.DE) and Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.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.
| EL4U.DE | DBXP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.13 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 0.64 | -0.88 |
| Martin ratioReturn relative to average drawdown | -0.55 | 2.08 | -2.63 |
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
| EL4U.DE | DBXP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | 0.65 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | 0.40 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.18 | 0.12 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.56 | -0.25 |
Drawdowns
EL4U.DE vs. DBXP.DE - Drawdown Comparison
The maximum EL4U.DE drawdown since its inception was -21.23%, which is greater than DBXP.DE's maximum drawdown of -6.77%. Use the drawdown chart below to compare losses from any high point for EL4U.DE and DBXP.DE.
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Drawdown Indicators
| EL4U.DE | DBXP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.23% | -6.77% | -14.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -1.24% | -2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -4.40% | -1.24% | -3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -19.24% | -5.67% | -13.57% |
Max Drawdown (10Y)Largest decline over 10 years | -21.23% | -6.77% | -14.46% |
Current DrawdownCurrent decline from peak | -15.12% | -0.55% | -14.57% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -1.00% | -4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.39% | +0.98% |
Volatility
EL4U.DE vs. DBXP.DE - Volatility Comparison
Deka Deutsche Boerse EUROGOV Germany 5-10 UCITS ETF (EL4U.DE) has a higher volatility of 1.63% compared to Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) at 0.46%. This indicates that EL4U.DE's price experiences larger fluctuations and is considered to be riskier than DBXP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4U.DE | DBXP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 0.46% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 1.11% | +2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 1.22% | +2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 1.65% | +4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 1.80% | +3.04% |
EL4U.DE vs. DBXP.DE - Expense Ratio Comparison
Both EL4U.DE and DBXP.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
EL4U.DE vs. DBXP.DE - Dividend Comparison
EL4U.DE's dividend yield for the trailing twelve months is around 1.83%, while DBXP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXP.DE Xtrackers Eurozone Government Bond 1-3 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% |
EL4U.DE Deka Deutsche Boerse EUROGOV Germany 5-10 UCITS ETF | 1.83% | 1.96% | 1.38% | 1.59% | 1.12% | 1.13% | 0.91% | 1.03% | 1.00% | 1.38% | 1.53% | 1.71% |
Frequently Asked Questions
EL4U.DE and DBXP.DE have a correlation of 0.77, 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.
EL4U.DE and DBXP.DE have the same expense ratio: 0.15% per year.
EL4U.DE tracks Deutsche Börse EUROGOV® Germany 5-10, while DBXP.DE tracks iBoxx® EUR Eurozone 1-3. They also come from different issuers: Deka and Xtrackers.
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