VIGB.DE vs. EL4S.DE
VIGB.DE (VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF) and EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) are both European Government Bonds funds - VIGB.DE tracks the iBoxx® EUR Liquid Sovereigns Capped 1-5 while EL4S.DE tracks the Deutsche Börse EUROGOV® Germany 1-3. Both are passively managed. Over the past 5 years, VIGB.DE returned -0.69%/yr vs 0.36%/yr for EL4S.DE. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
VIGB.DE vs. EL4S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VIGB.DE achieves a -0.33% return, which is significantly lower than EL4S.DE's 0.11% return.
VIGB.DE
- 1D
- 0.03%
- 1M
- 0.47%
- YTD
- -0.33%
- 6M
- -0.97%
- 1Y
- 0.07%
- 3Y*
- 2.16%
- 5Y*
- -0.69%
- 10Y*
- —
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%
VIGB.DE vs. EL4S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VIGB.DE VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF | -0.33% | 2.05% | 1.72% | 4.06% | -9.64% | -1.36% | -0.14% | -0.24% | -1.00% |
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% | -0.03% |
Correlation
The correlation between VIGB.DE and EL4S.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.80 |
Over the past year, the correlation between VIGB.DE and EL4S.DE has dropped to 0.55 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
VIGB.DE vs. EL4S.DE — Risk / Return Rank
VIGB.DE
EL4S.DE
VIGB.DE vs. EL4S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF (VIGB.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.
| VIGB.DE | EL4S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.10 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 0.58 | -0.56 |
| Martin ratioReturn relative to average drawdown | 0.07 | 1.87 | -1.80 |
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
| VIGB.DE | EL4S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | 0.54 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.24 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | -0.30 | +0.06 |
Drawdowns
VIGB.DE vs. EL4S.DE - Drawdown Comparison
The maximum VIGB.DE drawdown since its inception was -13.23%, roughly equal to the maximum EL4S.DE drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for VIGB.DE and EL4S.DE.
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Drawdown Indicators
| VIGB.DE | EL4S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.23% | -13.04% | -0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -1.03% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -2.74% | -1.03% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -11.82% | -5.86% | -5.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.46% | — |
Current DrawdownCurrent decline from peak | -5.45% | -6.04% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -5.87% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.32% | +0.69% |
Volatility
VIGB.DE vs. EL4S.DE - Volatility Comparison
VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF (VIGB.DE) has a higher volatility of 0.74% compared to Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) at 0.44%. This indicates that VIGB.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
| VIGB.DE | EL4S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.44% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 0.97% | +2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 1.10% | +2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.55% | 1.46% | +2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.02% | 1.12% | +1.90% |
VIGB.DE vs. EL4S.DE - Expense Ratio Comparison
Both VIGB.DE and EL4S.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
VIGB.DE vs. EL4S.DE - Dividend Comparison
VIGB.DE's dividend yield for the trailing twelve months is around 1.06%, less 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% |
VIGB.DE VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF | 1.06% | 0.63% | 1.43% | 0.96% | 0.66% | 1.92% | 1.90% | 2.52% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VIGB.DE and EL4S.DE have a correlation of 0.55, 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.
VIGB.DE and EL4S.DE have the same expense ratio: 0.15% per year.
VIGB.DE tracks iBoxx® EUR Liquid Sovereigns Capped 1-5, while EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3. They also come from different issuers: VanEck and Deka.
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