EL4U.DE vs. SYB3.DE
EL4U.DE (Deka Deutsche Boerse EUROGOV Germany 5-10 UCITS ETF) and SYB3.DE (SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF) are both European Government Bonds funds - EL4U.DE tracks the Deutsche Börse EUROGOV® Germany 5-10 while SYB3.DE tracks the Bloomberg Euro 1-3 Year Treasury Bond. Both are passively managed. Over the past 10 years, EL4U.DE returned -0.90%/yr vs 0.18%/yr for SYB3.DE. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
EL4U.DE vs. SYB3.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 SYB3.DE's 0.06% return. Over the past 10 years, EL4U.DE has underperformed SYB3.DE with an annualized return of -0.90%, while SYB3.DE has yielded a comparatively higher 0.18% 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%
SYB3.DE
- 1D
- 0.04%
- 1M
- 0.02%
- YTD
- 0.06%
- 6M
- 0.22%
- 1Y
- 0.91%
- 3Y*
- 2.60%
- 5Y*
- 0.59%
- 10Y*
- 0.18%
EL4U.DE vs. SYB3.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% |
SYB3.DE SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 0.06% | 2.26% | 2.98% | 3.26% | -4.94% | -0.83% | -0.16% | 0.22% | -0.32% | -0.51% |
Correlation
The correlation between EL4U.DE and SYB3.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2011 | 0.49 |
Over the past year, EL4U.DE and SYB3.DE have become more correlated (0.75) than their long-term average of 0.49, meaning their price movements have been converging.
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Return for Risk
EL4U.DE vs. SYB3.DE — Risk / Return Rank
EL4U.DE
SYB3.DE
EL4U.DE vs. SYB3.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 SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (SYB3.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 | SYB3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.11 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 0.60 | -0.83 |
| Martin ratioReturn relative to average drawdown | -0.55 | 1.86 | -2.42 |
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 | SYB3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | 0.57 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | 0.35 | -0.75 |
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. SYB3.DE - Drawdown Comparison
The maximum EL4U.DE drawdown since its inception was -21.23%, which is greater than SYB3.DE's maximum drawdown of -7.13%. Use the drawdown chart below to compare losses from any high point for EL4U.DE and SYB3.DE.
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Drawdown Indicators
| EL4U.DE | SYB3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.23% | -7.13% | -14.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -1.28% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -4.40% | -1.28% | -3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -19.24% | -5.99% | -13.25% |
Max Drawdown (10Y)Largest decline over 10 years | -21.23% | -7.13% | -14.10% |
Current DrawdownCurrent decline from peak | -15.12% | -0.55% | -14.57% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -1.39% | -4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.41% | +0.96% |
Volatility
EL4U.DE vs. SYB3.DE - Volatility Comparison
Deka Deutsche Boerse EUROGOV Germany 5-10 UCITS ETF (EL4U.DE) has a higher volatility of 1.63% compared to SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (SYB3.DE) at 0.52%. This indicates that EL4U.DE's price experiences larger fluctuations and is considered to be riskier than SYB3.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 | SYB3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 0.52% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 1.19% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 1.34% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 1.67% | +4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 1.48% | +3.36% |
EL4U.DE vs. SYB3.DE - Expense Ratio Comparison
Both EL4U.DE and SYB3.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. SYB3.DE - Dividend Comparison
EL4U.DE's dividend yield for the trailing twelve months is around 1.83%, less than SYB3.DE's 2.28% 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% |
SYB3.DE SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 2.28% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.34% |
Frequently Asked Questions
EL4U.DE and SYB3.DE have a correlation of 0.75, 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 SYB3.DE have the same expense ratio: 0.15% per year.
EL4U.DE tracks Deutsche Börse EUROGOV® Germany 5-10, while SYB3.DE tracks Bloomberg Euro 1-3 Year Treasury Bond. They also come from different issuers: Deka and State Street.
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