EL4U.DE vs. EL4A.DE
EL4U.DE (Deka Deutsche Boerse EUROGOV Germany 5-10 UCITS ETF) and EL4A.DE (Deka DAX UCITS ETF) are both exchange-traded funds - EL4U.DE is a European Government Bonds fund tracking the Deutsche Börse EUROGOV® Germany 5-10, while EL4A.DE is a Europe Equities fund tracking the DAX®. Both are passively managed. Over the past 10 years, EL4U.DE returned -0.90%/yr vs 8.89%/yr for EL4A.DE. At a correlation of -0.19, they often move in opposite directions. Both charge a 0.15% expense ratio.
Performance
EL4U.DE vs. EL4A.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 EL4A.DE's 1.28% return. Over the past 10 years, EL4U.DE has underperformed EL4A.DE with an annualized return of -0.90%, while EL4A.DE has yielded a comparatively higher 8.89% 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%
EL4A.DE
- 1D
- 0.51%
- 1M
- -0.07%
- YTD
- 1.28%
- 6M
- 3.34%
- 1Y
- 2.01%
- 3Y*
- 15.42%
- 5Y*
- 9.09%
- 10Y*
- 8.89%
EL4U.DE vs. EL4A.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% |
EL4A.DE Deka DAX UCITS ETF | 1.28% | 22.57% | 18.09% | 19.52% | -12.77% | 15.21% | 3.01% | 24.61% | -18.58% | 12.49% |
Correlation
The correlation between EL4U.DE and EL4A.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2009 | -0.19 |
The correlation between EL4U.DE and EL4A.DE shifts across timeframes, from -0.19 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EL4U.DE vs. EL4A.DE — Risk / Return Rank
EL4U.DE
EL4A.DE
EL4U.DE vs. EL4A.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 Deka DAX UCITS ETF (EL4A.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 | EL4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.04 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 0.18 | -0.41 |
| Martin ratioReturn relative to average drawdown | -0.55 | 0.56 | -1.11 |
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 | EL4A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | 0.14 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | 0.52 | -0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.18 | 0.48 | -0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.37 | -0.06 |
Drawdowns
EL4U.DE vs. EL4A.DE - Drawdown Comparison
The maximum EL4U.DE drawdown since its inception was -21.23%, smaller than the maximum EL4A.DE drawdown of -46.64%. Use the drawdown chart below to compare losses from any high point for EL4U.DE and EL4A.DE.
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Drawdown Indicators
| EL4U.DE | EL4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.23% | -46.64% | +25.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -12.34% | +9.10% |
Max Drawdown (3Y)Largest decline over 3 years | -4.40% | -15.89% | +11.49% |
Max Drawdown (5Y)Largest decline over 5 years | -19.24% | -26.76% | +7.52% |
Max Drawdown (10Y)Largest decline over 10 years | -21.23% | -38.68% | +17.45% |
Current DrawdownCurrent decline from peak | -15.12% | -2.29% | -12.83% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -8.91% | +3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 3.98% | -2.61% |
Volatility
EL4U.DE vs. EL4A.DE - Volatility Comparison
The current volatility for Deka Deutsche Boerse EUROGOV Germany 5-10 UCITS ETF (EL4U.DE) is 1.63%, while Deka DAX UCITS ETF (EL4A.DE) has a volatility of 5.14%. This indicates that EL4U.DE experiences smaller price fluctuations and is considered to be less risky than EL4A.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 | EL4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 5.14% | -3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 12.97% | -9.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 16.09% | -12.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 17.18% | -11.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 18.36% | -13.52% |
EL4U.DE vs. EL4A.DE - Expense Ratio Comparison
Both EL4U.DE and EL4A.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. EL4A.DE - Dividend Comparison
EL4U.DE's dividend yield for the trailing twelve months is around 1.83%, while EL4A.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4A.DE Deka DAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.56% | 0.65% | 0.60% |
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 EL4A.DE have a correlation of 0.32, 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 EL4A.DE have the same expense ratio: 0.15% per year.
EL4U.DE is categorized as European Government Bonds, while EL4A.DE is Europe Equities. EL4U.DE tracks Deutsche Börse EUROGOV® Germany 5-10, while EL4A.DE tracks DAX®.
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