XGLE.DE vs. EL4S.DE
XGLE.DE (Xtrackers II Eurozone Government Bond UCITS ETF) and EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) are both European Government Bonds funds - XGLE.DE tracks the iBoxx® EUR Sovereigns Eurozone while EL4S.DE tracks the Deutsche Börse EUROGOV® Germany 1-3. Both are passively managed. Over the past 10 years, XGLE.DE returned -0.35%/yr vs -0.20%/yr for EL4S.DE. A 0.54 correlation means they provide meaningful diversification when combined. XGLE.DE charges 0.09%/yr vs 0.15%/yr for EL4S.DE.
Performance
XGLE.DE vs. EL4S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGLE.DE achieves a 0.07% return, which is significantly lower than EL4S.DE's 0.11% return. Over the past 10 years, XGLE.DE has underperformed EL4S.DE with an annualized return of -0.35%, while EL4S.DE has yielded a comparatively higher -0.20% annualized return.
XGLE.DE
- 1D
- 0.04%
- 1M
- 0.56%
- YTD
- 0.07%
- 6M
- 0.02%
- 1Y
- -0.07%
- 3Y*
- 2.36%
- 5Y*
- -2.30%
- 10Y*
- -0.35%
EL4S.DE
- 1D
- 0.02%
- 1M
- 0.23%
- YTD
- 0.11%
- 6M
- 0.14%
- 1Y
- 0.60%
- 3Y*
- 2.24%
- 5Y*
- 0.36%
- 10Y*
- -0.20%
XGLE.DE vs. EL4S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGLE.DE Xtrackers II Eurozone Government Bond UCITS ETF | 0.07% | 0.67% | 1.55% | 6.76% | -18.18% | -3.62% | 4.64% | 6.63% | 0.92% | -0.10% |
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% | -0.57% | -1.08% |
Correlation
The correlation between XGLE.DE and EL4S.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2009 | 0.54 |
The correlation between XGLE.DE and EL4S.DE shifts across timeframes, from 0.54 (all time) to 0.73 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XGLE.DE vs. EL4S.DE — Risk / Return Rank
XGLE.DE
EL4S.DE
XGLE.DE vs. EL4S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond UCITS ETF (XGLE.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.
| XGLE.DE | EL4S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.10 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.58 | -0.60 |
| Martin ratioReturn relative to average drawdown | -0.05 | 1.87 | -1.91 |
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
| XGLE.DE | EL4S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 0.54 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.24 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | -0.18 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | -0.30 | +0.77 |
Drawdowns
XGLE.DE vs. EL4S.DE - Drawdown Comparison
The maximum XGLE.DE drawdown since its inception was -22.59%, which is greater than EL4S.DE's maximum drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for XGLE.DE and EL4S.DE.
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Drawdown Indicators
| XGLE.DE | EL4S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -13.04% | -9.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -1.03% | -2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -4.02% | -1.03% | -2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -21.71% | -5.86% | -15.85% |
Max Drawdown (10Y)Largest decline over 10 years | -22.59% | -9.46% | -13.13% |
Current DrawdownCurrent decline from peak | -14.18% | -6.04% | -8.14% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -5.87% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.32% | +1.06% |
Volatility
XGLE.DE vs. EL4S.DE - Volatility Comparison
Xtrackers II Eurozone Government Bond UCITS ETF (XGLE.DE) has a higher volatility of 1.78% compared to Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) at 0.44%. This indicates that XGLE.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
| XGLE.DE | EL4S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 0.44% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 0.97% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 1.10% | +3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.31% | 1.46% | +4.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.61% | 1.12% | +4.49% |
XGLE.DE vs. EL4S.DE - Expense Ratio Comparison
XGLE.DE has a 0.09% expense ratio, which is lower than EL4S.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XGLE.DE vs. EL4S.DE - Dividend Comparison
XGLE.DE has not paid dividends to shareholders, while EL4S.DE's dividend yield for the trailing twelve months is around 1.48%.
| 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% |
XGLE.DE Xtrackers II Eurozone Government Bond 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
XGLE.DE and EL4S.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGLE.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGLE.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for EL4S.DE.
XGLE.DE tracks iBoxx® EUR Sovereigns Eurozone, while EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3. They also come from different issuers: Xtrackers and Deka. Their fees differ too: 0.09% for XGLE.DE and 0.15% for EL4S.DE.
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