EL4U.DE vs. SECD.DE
EL4U.DE (Deka Deutsche Boerse EUROGOV Germany 5-10 UCITS ETF) and SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) are both European Government Bonds funds - EL4U.DE tracks the Deutsche Börse EUROGOV® Germany 5-10 while SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. Both are passively managed. Over the past 5 years, EL4U.DE returned -2.41%/yr vs -2.19%/yr for SECD.DE. Their correlation of 0.95 suggests significant overlap in exposure. EL4U.DE charges 0.15%/yr vs 0.09%/yr for SECD.DE.
Performance
EL4U.DE vs. SECD.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 SECD.DE's 0.13% 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%
SECD.DE
- 1D
- 0.11%
- 1M
- -0.05%
- YTD
- 0.13%
- 6M
- 0.20%
- 1Y
- 0.36%
- 3Y*
- 2.34%
- 5Y*
- -2.19%
- 10Y*
- —
EL4U.DE vs. SECD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EL4U.DE Deka Deutsche Boerse EUROGOV Germany 5-10 UCITS ETF | -0.04% | -0.07% | 0.17% | 6.10% | -16.19% | -2.26% | 0.05% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 0.13% | 0.63% | 1.57% | 6.94% | -18.16% | -3.30% | 1.19% |
Correlation
The correlation between EL4U.DE and SECD.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.95 |
The correlation between EL4U.DE and SECD.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
EL4U.DE vs. SECD.DE — Risk / Return Rank
EL4U.DE
SECD.DE
EL4U.DE vs. SECD.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 iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.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 | SECD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.00 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | -0.01 | -0.23 |
| Martin ratioReturn relative to average drawdown | -0.55 | -0.02 | -0.53 |
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 | SECD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | -0.01 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | -0.34 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | -0.38 | +0.69 |
Drawdowns
EL4U.DE vs. SECD.DE - Drawdown Comparison
The maximum EL4U.DE drawdown since its inception was -21.23%, roughly equal to the maximum SECD.DE drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for EL4U.DE and SECD.DE.
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Drawdown Indicators
| EL4U.DE | SECD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.23% | -22.04% | +0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -3.41% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -4.40% | -3.96% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -19.24% | -21.21% | +1.97% |
Max Drawdown (10Y)Largest decline over 10 years | -21.23% | — | — |
Current DrawdownCurrent decline from peak | -15.12% | -13.67% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -12.64% | +7.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.33% | +0.04% |
Volatility
EL4U.DE vs. SECD.DE - Volatility Comparison
The current volatility for Deka Deutsche Boerse EUROGOV Germany 5-10 UCITS ETF (EL4U.DE) is 1.63%, while iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) has a volatility of 1.78%. This indicates that EL4U.DE experiences smaller price fluctuations and is considered to be less risky than SECD.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 | SECD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 1.78% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 3.63% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 4.34% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 6.28% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 6.02% | -1.18% |
EL4U.DE vs. SECD.DE - Expense Ratio Comparison
EL4U.DE has a 0.15% expense ratio, which is higher than SECD.DE's 0.09% 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. SECD.DE - Dividend Comparison
EL4U.DE's dividend yield for the trailing twelve months is around 1.83%, less than SECD.DE's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.71% | 2.59% | 2.30% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, EL4U.DE and SECD.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, SECD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECD.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for EL4U.DE.
EL4U.DE tracks Deutsche Börse EUROGOV® Germany 5-10, while SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. They also come from different issuers: Deka and iShares. Their fees differ too: 0.15% for EL4U.DE and 0.09% for SECD.DE.
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