X710.DE vs. EL4M.DE
X710.DE (Xtrackers II Eurozone Government Bond 7-10 UCITS ETF) and EL4M.DE (Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF) are both European Government Bonds funds - X710.DE tracks the Markit iBoxx® EUR Eurozone 7-10 while EL4M.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 3-5. Both are passively managed. Over the past 10 years, X710.DE returned -0.07%/yr vs 0.01%/yr for EL4M.DE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
X710.DE vs. EL4M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X710.DE achieves a 1.35% return, which is significantly higher than EL4M.DE's 0.60% return. Over the past 10 years, X710.DE has underperformed EL4M.DE with an annualized return of -0.07%, while EL4M.DE has yielded a comparatively higher 0.01% annualized return.
X710.DE
- 1D
- 0.00%
- 1M
- 1.01%
- YTD
- 1.35%
- 6M
- 1.53%
- 1Y
- 1.67%
- 3Y*
- 2.82%
- 5Y*
- -1.99%
- 10Y*
- -0.07%
EL4M.DE
- 1D
- 0.05%
- 1M
- 0.54%
- YTD
- 0.60%
- 6M
- 0.73%
- 1Y
- 1.21%
- 3Y*
- 3.03%
- 5Y*
- -0.35%
- 10Y*
- 0.01%
X710.DE vs. EL4M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X710.DE Xtrackers II Eurozone Government Bond 7-10 UCITS ETF | 1.35% | 1.72% | 0.93% | 8.80% | -19.87% | -3.00% | 4.20% | 6.78% | 1.03% | 1.08% |
EL4M.DE Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF | 0.60% | 2.42% | 2.21% | 5.36% | -11.06% | -1.41% | 1.14% | 1.77% | 0.17% | -0.21% |
Correlation
The correlation between X710.DE and EL4M.DE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2009 | 0.86 |
The correlation between X710.DE and EL4M.DE has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
X710.DE vs. EL4M.DE — Risk / Return Rank
X710.DE
EL4M.DE
X710.DE vs. EL4M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.DE) and Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF (EL4M.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.
| X710.DE | EL4M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.08 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.46 | -0.06 |
| Martin ratioReturn relative to average drawdown | 1.04 | 1.20 | -0.16 |
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Drawdowns
X710.DE vs. EL4M.DE - Drawdown Comparison
The maximum X710.DE drawdown since its inception was -23.16%, which is greater than EL4M.DE's maximum drawdown of -13.53%. Use the drawdown chart below to compare losses from any high point for X710.DE and EL4M.DE.
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Drawdown Indicators
| X710.DE | EL4M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.16% | -13.53% | -9.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -2.63% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -4.41% | -2.63% | -1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | -13.20% | -9.64% |
Max Drawdown (10Y)Largest decline over 10 years | -23.16% | -13.53% | -9.63% |
Current DrawdownCurrent decline from peak | -12.37% | -3.06% | -9.31% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -2.50% | -2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.01% | +0.60% |
Volatility
X710.DE vs. EL4M.DE - Volatility Comparison
Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.DE) has a higher volatility of 1.23% compared to Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF (EL4M.DE) at 0.71%. This indicates that X710.DE's price experiences larger fluctuations and is considered to be riskier than EL4M.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| X710.DE | EL4M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.71% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 4.17% | 2.64% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.90% | 2.98% | +1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.36% | 4.04% | +3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.28% | 3.13% | +3.15% |
X710.DE vs. EL4M.DE - Expense Ratio Comparison
Both X710.DE and EL4M.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
X710.DE vs. EL4M.DE - Dividend Comparison
X710.DE has not paid dividends to shareholders, while EL4M.DE's dividend yield for the trailing twelve months is around 2.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4M.DE Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF | 2.15% | 2.76% | 1.93% | 1.89% | 0.55% | 0.79% | 1.06% | 1.41% | 1.08% | 2.12% | 1.66% | 1.83% |
X710.DE Xtrackers II Eurozone Government Bond 7-10 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
X710.DE and EL4M.DE have a correlation of 0.87, 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.
X710.DE and EL4M.DE have the same expense ratio: 0.15% per year.
X710.DE tracks Markit iBoxx® EUR Eurozone 7-10, while EL4M.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 3-5. They also come from different issuers: Xtrackers and Deka.
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