XBAT.DE vs. EL4P.DE
XBAT.DE (Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF) and EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) are both European Government Bonds funds - XBAT.DE tracks the iBoxx® EUR Sovereigns Eurozone AAA while EL4P.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 7-10. Both are passively managed. Over the past 10 years, XBAT.DE returned -0.93%/yr vs -0.11%/yr for EL4P.DE. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
XBAT.DE vs. EL4P.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XBAT.DE achieves a -0.07% return, which is significantly lower than EL4P.DE's 0.16% return. Over the past 10 years, XBAT.DE has underperformed EL4P.DE with an annualized return of -0.93%, while EL4P.DE has yielded a comparatively higher -0.11% annualized return.
XBAT.DE
- 1D
- 0.03%
- 1M
- -0.05%
- YTD
- -0.07%
- 6M
- 0.03%
- 1Y
- 1.01%
- 3Y*
- 2.22%
- 5Y*
- -2.38%
- 10Y*
- -0.93%
EL4P.DE
- 1D
- 0.06%
- 1M
- 0.03%
- YTD
- 0.16%
- 6M
- 0.17%
- 1Y
- 0.76%
- 3Y*
- 2.69%
- 5Y*
- -2.34%
- 10Y*
- -0.11%
XBAT.DE vs. EL4P.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBAT.DE Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF | -0.07% | 2.47% | 0.18% | 3.80% | -17.06% | -2.84% | 2.81% | 2.99% | 2.37% | -1.51% |
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 0.16% | 1.64% | 1.06% | 8.67% | -20.09% | -3.04% | 4.34% | 6.96% | 1.47% | 0.72% |
Correlation
The correlation between XBAT.DE and EL4P.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 | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2010 | 0.76 |
The correlation between XBAT.DE and EL4P.DE shifts across timeframes, from 0.76 (all time) to 0.92 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XBAT.DE vs. EL4P.DE — Risk / Return Rank
XBAT.DE
EL4P.DE
XBAT.DE vs. EL4P.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF (XBAT.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.
| XBAT.DE | EL4P.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.02 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 0.08 | +0.27 |
| Martin ratioReturn relative to average drawdown | 1.05 | 0.21 | +0.84 |
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
| XBAT.DE | EL4P.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 0.07 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | -0.31 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.17 | -0.02 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.44 | -0.26 |
Drawdowns
XBAT.DE vs. EL4P.DE - Drawdown Comparison
The maximum XBAT.DE drawdown since its inception was -24.48%, roughly equal to the maximum EL4P.DE drawdown of -23.50%. Use the drawdown chart below to compare losses from any high point for XBAT.DE and EL4P.DE.
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Drawdown Indicators
| XBAT.DE | EL4P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.48% | -23.50% | -0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.01% | -4.09% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -4.50% | -4.65% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -21.97% | -23.13% | +1.16% |
Max Drawdown (10Y)Largest decline over 10 years | -24.48% | -23.50% | -0.98% |
Current DrawdownCurrent decline from peak | -16.49% | -13.76% | -2.73% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -5.77% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.53% | -0.86% |
Volatility
XBAT.DE vs. EL4P.DE - Volatility Comparison
The current volatility for Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF (XBAT.DE) is 0.75%, while Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) has a volatility of 1.99%. This indicates that XBAT.DE experiences smaller price fluctuations and is considered to be less risky than EL4P.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBAT.DE | EL4P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 1.99% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 4.11% | -2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.23% | 4.97% | -2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 7.48% | -1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.39% | 6.06% | -0.67% |
XBAT.DE vs. EL4P.DE - Expense Ratio Comparison
Both XBAT.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
XBAT.DE vs. EL4P.DE - Dividend Comparison
XBAT.DE has not paid dividends to shareholders, while EL4P.DE's dividend yield for the trailing twelve months is around 3.64%.
| 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 | 3.64% | 2.66% | 1.83% | 1.37% | 0.39% | 0.62% | 0.83% | 1.08% | 0.64% | 1.41% | 1.80% | 2.32% |
XBAT.DE Xtrackers iBoxx Sovereigns Eurozone AAA Swap 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
XBAT.DE and EL4P.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.
XBAT.DE and EL4P.DE have the same expense ratio: 0.15% per year.
XBAT.DE tracks iBoxx® EUR Sovereigns Eurozone AAA, while EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10. They also come from different issuers: Xtrackers and Deka.
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