X710.DE vs. EL4P.DE
X710.DE (Xtrackers II Eurozone Government Bond 7-10 UCITS ETF) and EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) are both European Government Bonds funds - X710.DE tracks the Markit iBoxx® EUR Eurozone 7-10 while EL4P.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 7-10. Both are passively managed. Over the past 10 years, X710.DE returned -0.07%/yr vs -0.06%/yr for EL4P.DE. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
X710.DE vs. EL4P.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 lower than EL4P.DE's 1.47% return. Over the past 10 years, X710.DE has underperformed EL4P.DE with an annualized return of -0.07%, while EL4P.DE has yielded a comparatively higher -0.06% 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%
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%
X710.DE vs. EL4P.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% |
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 1.47% | 1.64% | 1.06% | 8.67% | -20.09% | -3.04% | 4.33% | 6.96% | 1.48% | 0.72% |
Correlation
The correlation between X710.DE and EL4P.DE is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2009 | 0.92 |
The correlation between X710.DE and EL4P.DE has been stable across timeframes, ranging from 0.92 to 0.98 - a consistent structural relationship.
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Return for Risk
X710.DE vs. EL4P.DE — Risk / Return Rank
X710.DE
EL4P.DE
X710.DE vs. EL4P.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 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.
| X710.DE | EL4P.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.07 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.45 | -0.05 |
| Martin ratioReturn relative to average drawdown | 1.04 | 1.16 | -0.13 |
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Drawdowns
X710.DE vs. EL4P.DE - Drawdown Comparison
The maximum X710.DE drawdown since its inception was -23.16%, roughly equal to the maximum EL4P.DE drawdown of -23.49%. Use the drawdown chart below to compare losses from any high point for X710.DE and EL4P.DE.
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Drawdown Indicators
| X710.DE | EL4P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.16% | -23.49% | +0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -4.09% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -4.41% | -4.43% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | -23.13% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -23.16% | -23.49% | +0.33% |
Current DrawdownCurrent decline from peak | -12.37% | -12.62% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -5.57% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.58% | +0.03% |
Volatility
X710.DE vs. EL4P.DE - Volatility Comparison
Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.DE) and Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) have volatilities of 1.23% 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
| X710.DE | EL4P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.28% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.17% | 4.13% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.90% | 4.93% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.36% | 7.49% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.28% | 6.06% | +0.22% |
X710.DE vs. EL4P.DE - Expense Ratio Comparison
Both X710.DE and EL4P.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. EL4P.DE - Dividend Comparison
X710.DE has not paid dividends to shareholders, while EL4P.DE's dividend yield for the trailing twelve months is around 3.59%.
| 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% |
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
With a correlation of 0.95, X710.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.
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 EL4P.DE have the same expense ratio: 0.15% per year.
X710.DE tracks Markit iBoxx® EUR Eurozone 7-10, while EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10. They also come from different issuers: Xtrackers and Deka.
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