EL4V.DE vs. D5BC.DE
EL4V.DE (Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF) and D5BC.DE (Xtrackers II Germany Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - EL4V.DE tracks the Deutsche Börse EUROGOV Germany 10+ Index while D5BC.DE tracks the iBoxx® EUR Germany 1-3. Both are passively managed. Over the past 10 years, EL4V.DE returned -3.65%/yr vs -0.26%/yr for D5BC.DE. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
EL4V.DE vs. D5BC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4V.DE achieves a -0.97% return, which is significantly lower than D5BC.DE's 0.17% return. Over the past 10 years, EL4V.DE has underperformed D5BC.DE with an annualized return of -3.65%, while D5BC.DE has yielded a comparatively higher -0.26% annualized return.
EL4V.DE
- 1D
- -0.29%
- 1M
- -1.59%
- 6M
- -1.93%
- YTD
- -0.97%
- 1Y
- -3.20%
- 3Y*
- -2.20%
- 5Y*
- -8.68%
- 10Y*
- -3.65%
D5BC.DE
- 1D
- 0.04%
- 1M
- -0.04%
- 6M
- 0.02%
- YTD
- 0.17%
- 1Y
- 0.60%
- 3Y*
- 2.25%
- 5Y*
- 0.27%
- 10Y*
- -0.26%
EL4V.DE vs. D5BC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4V.DE Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF | -0.97% | -8.19% | -2.86% | 6.90% | -32.41% | -4.81% | 7.99% | 9.21% | 6.28% | -4.39% |
D5BC.DE Xtrackers II Germany Government Bond 1-3 UCITS ETF | 0.17% | 1.63% | 2.59% | 2.51% | -4.89% | -1.05% | -0.76% | -0.90% | -0.47% | -1.07% |
Correlation
The correlation between EL4V.DE and D5BC.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2010 | 0.62 |
The correlation between EL4V.DE and D5BC.DE has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.
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Return for Risk
EL4V.DE vs. D5BC.DE — Risk / Return Rank
EL4V.DE
D5BC.DE
EL4V.DE vs. D5BC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF (EL4V.DE) and Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EL4V.DE | D5BC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.09 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 0.55 | -1.05 |
| Martin ratioReturn relative to average drawdown | -0.92 | 1.57 | -2.48 |
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Drawdowns
EL4V.DE vs. D5BC.DE - Drawdown Comparison
The maximum EL4V.DE drawdown since its inception was -43.83%, which is greater than D5BC.DE's maximum drawdown of -12.70%. Use the drawdown chart below to compare losses from any high point for EL4V.DE and D5BC.DE.
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Drawdown Indicators
| EL4V.DE | D5BC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.83% | -12.70% | -31.13% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -1.08% | -5.55% |
Max Drawdown (3Y)Largest decline over 3 years | -14.80% | -1.08% | -13.72% |
Max Drawdown (5Y)Largest decline over 5 years | -40.13% | -6.27% | -33.86% |
Max Drawdown (10Y)Largest decline over 10 years | -43.83% | -9.83% | -34.00% |
Current DrawdownCurrent decline from peak | -42.50% | -5.70% | -36.80% |
Average DrawdownAverage peak-to-trough decline | -13.95% | -4.94% | -9.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 0.38% | +3.20% |
Volatility
EL4V.DE vs. D5BC.DE - Volatility Comparison
Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF (EL4V.DE) has a higher volatility of 2.19% compared to Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.DE) at 0.60%. This indicates that EL4V.DE's price experiences larger fluctuations and is considered to be riskier than D5BC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4V.DE | D5BC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 0.60% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 5.85% | 1.19% | +4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.71% | 1.37% | +6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 1.61% | +11.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.87% | 1.23% | +9.64% |
EL4V.DE vs. D5BC.DE - Expense Ratio Comparison
Both EL4V.DE and D5BC.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
EL4V.DE vs. D5BC.DE - Dividend Comparison
EL4V.DE's dividend yield for the trailing twelve months is around 2.30%, more than D5BC.DE's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D5BC.DE Xtrackers II Germany Government Bond 1-3 UCITS ETF | 1.26% | 0.98% | 0.68% | 0.54% | 1.15% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.46% | 0.00% |
EL4V.DE Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF | 2.30% | 2.06% | 2.00% | 2.29% | 2.45% | 1.79% | 1.84% | 2.06% | 2.35% | 1.03% | 2.57% | 2.79% |
Frequently Asked Questions
EL4V.DE and D5BC.DE have a correlation of 0.63, 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.
EL4V.DE and D5BC.DE have the same expense ratio: 0.15% per year.
EL4V.DE tracks Deutsche Börse EUROGOV Germany 10+ Index, while D5BC.DE tracks iBoxx® EUR Germany 1-3. They also come from different issuers: Deka and Xtrackers.
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