SYBG.DE vs. EL4K.DE
SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) and EL4K.DE (Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF) are both European Government Bonds funds - SYBG.DE tracks the Bloomberg UK Gilt while EL4K.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 1-10. Both are passively managed. Over the past 10 years, SYBG.DE returned -1.64%/yr vs -0.21%/yr for EL4K.DE. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
SYBG.DE vs. EL4K.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SYBG.DE achieves a 1.73% return, which is significantly higher than EL4K.DE's 1.10% return. Over the past 10 years, SYBG.DE has underperformed EL4K.DE with an annualized return of -1.64%, while EL4K.DE has yielded a comparatively higher -0.21% annualized return.
SYBG.DE
- 1D
- 0.06%
- 1M
- 2.08%
- YTD
- 1.73%
- 6M
- 2.20%
- 1Y
- 1.77%
- 3Y*
- 2.55%
- 5Y*
- -4.68%
- 10Y*
- -1.64%
EL4K.DE
- 1D
- 0.10%
- 1M
- 0.81%
- YTD
- 1.10%
- 6M
- 1.24%
- 1Y
- 1.52%
- 3Y*
- 2.82%
- 5Y*
- -1.75%
- 10Y*
- -0.21%
SYBG.DE vs. EL4K.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 1.73% | 0.15% | 0.07% | 5.36% | -28.98% | 2.15% | 2.00% | 11.90% | 0.08% | -1.95% |
EL4K.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF | 1.10% | 1.88% | 1.40% | 7.39% | -18.13% | -2.54% | 3.36% | 5.14% | 1.09% | 0.30% |
Correlation
The correlation between SYBG.DE and EL4K.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 17, 2012 | 0.49 |
The correlation between SYBG.DE and EL4K.DE shifts across timeframes, from 0.49 (all time) to 0.71 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SYBG.DE vs. EL4K.DE — Risk / Return Rank
SYBG.DE
EL4K.DE
SYBG.DE vs. EL4K.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) and Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF (EL4K.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.
| SYBG.DE | EL4K.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.07 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 0.45 | -0.12 |
| Martin ratioReturn relative to average drawdown | 0.77 | 1.18 | -0.42 |
Loading charts...
Drawdowns
SYBG.DE vs. EL4K.DE - Drawdown Comparison
The maximum SYBG.DE drawdown since its inception was -36.66%, which is greater than EL4K.DE's maximum drawdown of -21.22%. Use the drawdown chart below to compare losses from any high point for SYBG.DE and EL4K.DE.
Loading charts...
Drawdown Indicators
| SYBG.DE | EL4K.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.66% | -21.22% | -15.44% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -3.38% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -8.78% | -3.46% | -5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -36.25% | -21.02% | -15.23% |
Max Drawdown (10Y)Largest decline over 10 years | -36.66% | -21.22% | -15.44% |
Current DrawdownCurrent decline from peak | -26.43% | -10.83% | -15.60% |
Average DrawdownAverage peak-to-trough decline | -13.42% | -4.81% | -8.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.28% | +0.80% |
Volatility
SYBG.DE vs. EL4K.DE - Volatility Comparison
SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) has a higher volatility of 1.73% compared to Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF (EL4K.DE) at 0.96%. This indicates that SYBG.DE's price experiences larger fluctuations and is considered to be riskier than EL4K.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SYBG.DE | EL4K.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 0.96% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 6.10% | 3.38% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.13% | 3.88% | +4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.76% | 6.39% | +5.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.84% | 5.12% | +8.72% |
SYBG.DE vs. EL4K.DE - Expense Ratio Comparison
Both SYBG.DE and EL4K.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
SYBG.DE vs. EL4K.DE - Dividend Comparison
SYBG.DE's dividend yield for the trailing twelve months is around 3.73%, more than EL4K.DE's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4K.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF | 2.49% | 1.58% | 1.25% | 1.24% | 0.56% | 0.60% | 0.67% | 0.89% | 0.81% | 1.90% | 1.92% | 2.45% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 3.73% | 3.64% | 2.65% | 1.69% | 1.22% | 0.82% | 1.11% | 1.14% | 1.27% | 1.60% | 1.77% | 1.89% |
Frequently Asked Questions
SYBG.DE and EL4K.DE have a correlation of 0.67, 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.
SYBG.DE and EL4K.DE have the same expense ratio: 0.15% per year.
SYBG.DE tracks Bloomberg UK Gilt, while EL4K.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10. They also come from different issuers: State Street and Deka.
Find the right allocation for SYBG.DE and EL4K.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer