XGEZ.DE vs. EL4N.DE
XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) and EL4N.DE (Deka iBoxx EUR Liquid Sovereign Diversified 5-7 UCITS ETF) are both European Government Bonds funds - XGEZ.DE tracks the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped while EL4N.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 5-7. Both are passively managed. Over the past 3 years, XGEZ.DE returned 1.33%/yr vs 3.29%/yr for EL4N.DE. Their correlation of 0.93 suggests significant overlap in exposure. XGEZ.DE charges 0.18%/yr vs 0.15%/yr for EL4N.DE.
Performance
XGEZ.DE vs. EL4N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGEZ.DE achieves a 1.70% return, which is significantly higher than EL4N.DE's 1.14% return.
XGEZ.DE
- 1D
- 0.00%
- 1M
- 1.18%
- YTD
- 1.70%
- 6M
- 1.84%
- 1Y
- 0.38%
- 3Y*
- 1.33%
- 5Y*
- —
- 10Y*
- —
EL4N.DE
- 1D
- 0.13%
- 1M
- 0.78%
- YTD
- 1.14%
- 6M
- 1.35%
- 1Y
- 1.49%
- 3Y*
- 3.29%
- 5Y*
- -1.10%
- 10Y*
- 0.03%
XGEZ.DE vs. EL4N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 1.70% | -2.16% | -0.51% | 8.88% | -0.36% |
EL4N.DE Deka iBoxx EUR Liquid Sovereign Diversified 5-7 UCITS ETF | 1.14% | 2.08% | 1.72% | 7.32% | -0.92% |
Correlation
The correlation between XGEZ.DE and EL4N.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.93 |
The correlation between XGEZ.DE and EL4N.DE has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
XGEZ.DE vs. EL4N.DE — Risk / Return Rank
XGEZ.DE
EL4N.DE
XGEZ.DE vs. EL4N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) and Deka iBoxx EUR Liquid Sovereign Diversified 5-7 UCITS ETF (EL4N.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.
| XGEZ.DE | EL4N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.07 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 0.43 | -0.34 |
| Martin ratioReturn relative to average drawdown | 0.18 | 1.10 | -0.91 |
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Drawdowns
XGEZ.DE vs. EL4N.DE - Drawdown Comparison
The maximum XGEZ.DE drawdown since its inception was -13.63%, smaller than the maximum EL4N.DE drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for XGEZ.DE and EL4N.DE.
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Drawdown Indicators
| XGEZ.DE | EL4N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.63% | -18.58% | +4.95% |
Max Drawdown (1Y)Largest decline over 1 year | -4.70% | -3.48% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -7.88% | -3.48% | -4.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -3.90% | -7.37% | +3.47% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -3.93% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.35% | +0.76% |
Volatility
XGEZ.DE vs. EL4N.DE - Volatility Comparison
Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) has a higher volatility of 1.74% compared to Deka iBoxx EUR Liquid Sovereign Diversified 5-7 UCITS ETF (EL4N.DE) at 1.09%. This indicates that XGEZ.DE's price experiences larger fluctuations and is considered to be riskier than EL4N.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGEZ.DE | EL4N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 1.09% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 5.21% | 3.54% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.42% | 4.09% | +2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.91% | 5.94% | +3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.91% | 4.78% | +5.13% |
XGEZ.DE vs. EL4N.DE - Expense Ratio Comparison
XGEZ.DE has a 0.18% expense ratio, which is higher than EL4N.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XGEZ.DE vs. EL4N.DE - Dividend Comparison
XGEZ.DE's dividend yield for the trailing twelve months is around 2.06%, more than EL4N.DE's 1.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4N.DE Deka iBoxx EUR Liquid Sovereign Diversified 5-7 UCITS ETF | 1.33% | 0.92% | 0.82% | 2.15% | 0.77% | 0.72% | 0.97% | 1.16% | 1.32% | 2.60% | 2.65% | 2.77% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.06% | 1.99% | 2.07% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XGEZ.DE and EL4N.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4N.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4N.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for XGEZ.DE.
XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped, while EL4N.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 5-7. They also come from different issuers: Xtrackers and Deka. Their fees differ too: 0.18% for XGEZ.DE and 0.15% for EL4N.DE.
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