EL4U.DE vs. DE5A.DE
EL4U.DE (Deka Deutsche Boerse EUROGOV Germany 5-10 UCITS ETF) and DE5A.DE (Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR) are both European Government Bonds funds - EL4U.DE tracks the Deutsche Börse EUROGOV® Germany 5-10 while DE5A.DE tracks the FTSE Highest-Rated Eurozone Government Bond. Both are passively managed. Over the past 10 years, EL4U.DE returned -0.90%/yr vs -1.18%/yr for DE5A.DE. Their correlation of 0.91 suggests significant overlap in exposure. EL4U.DE charges 0.15%/yr vs 0.14%/yr for DE5A.DE.
Performance
EL4U.DE vs. DE5A.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 DE5A.DE's 0.27% return. Over the past 10 years, EL4U.DE has outperformed DE5A.DE with an annualized return of -0.90%, while DE5A.DE has yielded a comparatively lower -1.18% 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%
DE5A.DE
- 1D
- 0.08%
- 1M
- -0.09%
- YTD
- 0.27%
- 6M
- 0.19%
- 1Y
- -0.43%
- 3Y*
- 1.24%
- 5Y*
- -3.17%
- 10Y*
- -1.18%
EL4U.DE vs. DE5A.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% |
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.27% | -0.65% | -0.40% | 5.80% | -19.06% | -3.67% | 3.70% | 4.28% | 1.66% | -0.73% |
Correlation
The correlation between EL4U.DE and DE5A.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2011 | 0.91 |
The correlation between EL4U.DE and DE5A.DE has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.
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Return for Risk
EL4U.DE vs. DE5A.DE — Risk / Return Rank
EL4U.DE
DE5A.DE
EL4U.DE vs. DE5A.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 Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.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 | DE5A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.97 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | -0.26 | +0.03 |
| Martin ratioReturn relative to average drawdown | -0.55 | -0.58 | +0.03 |
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 | DE5A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | -0.20 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | -0.49 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.18 | -0.22 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.22 | +0.08 |
Drawdowns
EL4U.DE vs. DE5A.DE - Drawdown Comparison
The maximum EL4U.DE drawdown since its inception was -21.23%, smaller than the maximum DE5A.DE drawdown of -24.92%. Use the drawdown chart below to compare losses from any high point for EL4U.DE and DE5A.DE.
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Drawdown Indicators
| EL4U.DE | DE5A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.23% | -24.92% | +3.69% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -3.13% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -4.40% | -4.45% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -19.24% | -22.78% | +3.54% |
Max Drawdown (10Y)Largest decline over 10 years | -21.23% | -24.92% | +3.69% |
Current DrawdownCurrent decline from peak | -15.12% | -19.43% | +4.31% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -7.30% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.42% | -0.05% |
Volatility
EL4U.DE vs. DE5A.DE - Volatility Comparison
Deka Deutsche Boerse EUROGOV Germany 5-10 UCITS ETF (EL4U.DE) and Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.DE) have volatilities of 1.63% and 1.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4U.DE | DE5A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 1.71% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 3.44% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 4.19% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 6.45% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 5.37% | -0.53% |
EL4U.DE vs. DE5A.DE - Expense Ratio Comparison
EL4U.DE has a 0.15% expense ratio, which is higher than DE5A.DE's 0.14% 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
EL4U.DE vs. DE5A.DE - Dividend Comparison
EL4U.DE's dividend yield for the trailing twelve months is around 1.83%, while DE5A.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 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
With a correlation of 0.95, EL4U.DE and DE5A.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, DE5A.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DE5A.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for EL4U.DE.
EL4U.DE tracks Deutsche Börse EUROGOV® Germany 5-10, while DE5A.DE tracks FTSE Highest-Rated Eurozone Government Bond. They also come from different issuers: Deka and Amundi. Their fees differ too: 0.15% for EL4U.DE and 0.14% for DE5A.DE.
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