EL4Y.DE vs. EL4S.DE
EL4Y.DE (Deka STOXX Europe 50 UCITS ETF) and EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) are both exchange-traded funds - EL4Y.DE is a Europe Equities fund tracking the STOXX® Europe 50, while EL4S.DE is a European Government Bonds fund tracking the Deutsche Börse EUROGOV® Germany 1-3. Both are passively managed. Over the past 10 years, EL4Y.DE returned 9.26%/yr vs -0.20%/yr for EL4S.DE. At a correlation of -0.07, they often move in opposite directions. EL4Y.DE charges 0.19%/yr vs 0.15%/yr for EL4S.DE.
Performance
EL4Y.DE vs. EL4S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4Y.DE achieves a 7.24% return, which is significantly higher than EL4S.DE's 0.11% return. Over the past 10 years, EL4Y.DE has outperformed EL4S.DE with an annualized return of 9.26%, while EL4S.DE has yielded a comparatively lower -0.20% annualized return.
EL4Y.DE
- 1D
- 0.78%
- 1M
- 0.70%
- YTD
- 7.24%
- 6M
- 9.68%
- 1Y
- 16.54%
- 3Y*
- 12.17%
- 5Y*
- 11.26%
- 10Y*
- 9.26%
EL4S.DE
- 1D
- 0.02%
- 1M
- 0.06%
- YTD
- 0.11%
- 6M
- 0.17%
- 1Y
- 0.70%
- 3Y*
- 2.24%
- 5Y*
- 0.36%
- 10Y*
- -0.20%
EL4Y.DE vs. EL4S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4Y.DE Deka STOXX Europe 50 UCITS ETF | 7.24% | 18.13% | 7.64% | 14.59% | -1.21% | 25.48% | -6.26% | 28.33% | -10.18% | 8.89% |
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 0.11% | 1.65% | 2.75% | 2.51% | -4.56% | -0.97% | -0.79% | -0.83% | -0.57% | -1.08% |
Correlation
The correlation between EL4Y.DE and EL4S.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2009 | -0.07 |
The correlation between EL4Y.DE and EL4S.DE shifts across timeframes, from -0.07 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EL4Y.DE vs. EL4S.DE — Risk / Return Rank
EL4Y.DE
EL4S.DE
EL4Y.DE vs. EL4S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka STOXX Europe 50 UCITS ETF (EL4Y.DE) and Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.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.
| EL4Y.DE | EL4S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.10 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 0.58 | +1.15 |
| Martin ratioReturn relative to average drawdown | 6.12 | 1.87 | +4.25 |
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
| EL4Y.DE | EL4S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 0.54 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.24 | +0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | -0.18 | +0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | -0.30 | +0.95 |
Drawdowns
EL4Y.DE vs. EL4S.DE - Drawdown Comparison
The maximum EL4Y.DE drawdown since its inception was -32.48%, which is greater than EL4S.DE's maximum drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for EL4Y.DE and EL4S.DE.
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Drawdown Indicators
| EL4Y.DE | EL4S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.48% | -13.04% | -19.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -1.03% | -8.44% |
Max Drawdown (3Y)Largest decline over 3 years | -17.13% | -1.03% | -16.10% |
Max Drawdown (5Y)Largest decline over 5 years | -17.13% | -5.86% | -11.27% |
Max Drawdown (10Y)Largest decline over 10 years | -32.48% | -9.46% | -23.02% |
Current DrawdownCurrent decline from peak | -1.67% | -6.04% | +4.37% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -5.87% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 0.32% | +2.37% |
Volatility
EL4Y.DE vs. EL4S.DE - Volatility Comparison
Deka STOXX Europe 50 UCITS ETF (EL4Y.DE) has a higher volatility of 4.38% compared to Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) at 0.44%. This indicates that EL4Y.DE's price experiences larger fluctuations and is considered to be riskier than EL4S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4Y.DE | EL4S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 0.44% | +3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 0.97% | +9.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 1.10% | +12.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 1.46% | +12.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 1.12% | +14.62% |
EL4Y.DE vs. EL4S.DE - Expense Ratio Comparison
EL4Y.DE has a 0.19% expense ratio, which is higher than EL4S.DE's 0.15% 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
EL4Y.DE vs. EL4S.DE - Dividend Comparison
EL4Y.DE's dividend yield for the trailing twelve months is around 2.32%, more than EL4S.DE's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 1.48% | 1.20% | 0.83% | 0.60% | 0.88% | 0.94% | 0.78% | 1.06% | 0.99% | 1.63% | 1.46% | 1.60% |
EL4Y.DE Deka STOXX Europe 50 UCITS ETF | 2.32% | 2.61% | 2.93% | 2.60% | 2.77% | 2.45% | 2.71% | 3.11% | 3.82% | 3.38% | 3.49% | 3.65% |
Frequently Asked Questions
EL4Y.DE and EL4S.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4S.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4S.DE is cheaper with a 0.15% expense ratio, compared with 0.19% for EL4Y.DE.
EL4Y.DE is categorized as Europe Equities, while EL4S.DE is European Government Bonds. EL4Y.DE tracks STOXX® Europe 50, while EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3. Their fees differ too: 0.19% for EL4Y.DE and 0.15% for EL4S.DE.
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