MTDD.DE vs. EL4P.DE
MTDD.DE (Amundi Euro Government Bond 7-10Y UCITS ETF Dist) and EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) are both European Government Bonds funds - MTDD.DE tracks the Bloomberg Euro Treasury 50bn 7-10 Year Bond while EL4P.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 7-10. Both are passively managed. Over the past 5 years, MTDD.DE returned -1.82%/yr vs -2.03%/yr for EL4P.DE. With a 0.96 correlation, they move nearly in lockstep. MTDD.DE charges 0.17%/yr vs 0.15%/yr for EL4P.DE.
Performance
MTDD.DE vs. EL4P.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MTDD.DE having a 1.42% return and EL4P.DE slightly higher at 1.47%.
MTDD.DE
- 1D
- 0.06%
- 1M
- 1.04%
- YTD
- 1.42%
- 6M
- 1.58%
- 1Y
- 1.73%
- 3Y*
- 2.92%
- 5Y*
- -1.82%
- 10Y*
- —
EL4P.DE
- 1D
- 0.05%
- 1M
- 0.99%
- YTD
- 1.47%
- 6M
- 1.68%
- 1Y
- 1.84%
- 3Y*
- 2.88%
- 5Y*
- -2.03%
- 10Y*
- -0.06%
MTDD.DE vs. EL4P.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MTDD.DE Amundi Euro Government Bond 7-10Y UCITS ETF Dist | 1.42% | 1.75% | 1.15% | 8.48% | -19.28% | -2.83% | 1.23% |
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 1.47% | 1.64% | 1.06% | 8.67% | -20.09% | -3.04% | 1.35% |
Correlation
The correlation between MTDD.DE and EL4P.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.96 |
The correlation between MTDD.DE and EL4P.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
MTDD.DE vs. EL4P.DE — Risk / Return Rank
MTDD.DE
EL4P.DE
MTDD.DE vs. EL4P.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government Bond 7-10Y UCITS ETF Dist (MTDD.DE) and Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.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.
| MTDD.DE | EL4P.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.07 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 0.45 | -0.03 |
| Martin ratioReturn relative to average drawdown | 1.09 | 1.16 | -0.07 |
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Drawdowns
MTDD.DE vs. EL4P.DE - Drawdown Comparison
The maximum MTDD.DE drawdown since its inception was -22.48%, roughly equal to the maximum EL4P.DE drawdown of -23.49%. Use the drawdown chart below to compare losses from any high point for MTDD.DE and EL4P.DE.
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Drawdown Indicators
| MTDD.DE | EL4P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -23.49% | +1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -4.13% | -4.09% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -4.33% | -4.43% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -22.18% | -23.13% | +0.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.49% | — |
Current DrawdownCurrent decline from peak | -11.51% | -12.62% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -12.23% | -5.57% | -6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 1.58% | 0.00% |
Volatility
MTDD.DE vs. EL4P.DE - Volatility Comparison
Amundi Euro Government Bond 7-10Y UCITS ETF Dist (MTDD.DE) and Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) have volatilities of 1.31% and 1.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTDD.DE | EL4P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.28% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 4.13% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.95% | 4.93% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.10% | 7.49% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.70% | 6.06% | +0.64% |
MTDD.DE vs. EL4P.DE - Expense Ratio Comparison
MTDD.DE has a 0.17% expense ratio, which is higher than EL4P.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
MTDD.DE vs. EL4P.DE - Dividend Comparison
MTDD.DE's dividend yield for the trailing twelve months is around 2.64%, less than EL4P.DE's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 3.59% | 2.66% | 1.83% | 1.37% | 0.39% | 0.62% | 0.83% | 1.08% | 0.64% | 1.41% | 1.80% | 2.32% |
MTDD.DE Amundi Euro Government Bond 7-10Y UCITS ETF Dist | 2.64% | 2.68% | 1.85% | 1.25% | 1.45% | 1.74% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, MTDD.DE and EL4P.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, EL4P.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4P.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for MTDD.DE.
MTDD.DE tracks Bloomberg Euro Treasury 50bn 7-10 Year Bond, while EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10. They also come from different issuers: Amundi and Deka. Their fees differ too: 0.17% for MTDD.DE and 0.15% for EL4P.DE.
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