36BD.DE vs. ELFE.DE
36BD.DE (iShares USD Development Bank Bonds UCITS ETF USD Acc) and ELFE.DE (Deka US Treasury 7-10 UCITS ETF ) are both Government Bonds funds - 36BD.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped while ELFE.DE tracks the Solactive US Treasury 7-10 Q Series USD. Both are passively managed. Over the past 5 years, 36BD.DE returned 1.94%/yr vs 0.02%/yr for ELFE.DE. Their correlation of 0.81 suggests significant overlap in exposure. 36BD.DE charges 0.15%/yr vs 0.07%/yr for ELFE.DE.
Performance
36BD.DE vs. ELFE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36BD.DE achieves a 1.33% return, which is significantly higher than ELFE.DE's 0.55% return.
36BD.DE
- 1D
- 0.05%
- 1M
- 0.81%
- YTD
- 1.33%
- 6M
- 0.62%
- 1Y
- 2.03%
- 3Y*
- 1.18%
- 5Y*
- 1.94%
- 10Y*
- —
ELFE.DE
- 1D
- 0.13%
- 1M
- 0.58%
- YTD
- 0.55%
- 6M
- -0.27%
- 1Y
- 2.22%
- 3Y*
- -0.01%
- 5Y*
- 0.02%
- 10Y*
- —
36BD.DE vs. ELFE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 1.33% | -5.15% | 8.61% | 0.84% | -1.81% | 3.54% |
ELFE.DE Deka US Treasury 7-10 UCITS ETF | 0.55% | -3.68% | 5.37% | 0.04% | -9.38% | 5.97% |
Correlation
The correlation between 36BD.DE and ELFE.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.81 |
The correlation between 36BD.DE and ELFE.DE has been stable across timeframes, ranging from 0.81 to 0.81 - a consistent structural relationship.
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Return for Risk
36BD.DE vs. ELFE.DE — Risk / Return Rank
36BD.DE
ELFE.DE
36BD.DE vs. ELFE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) and Deka US Treasury 7-10 UCITS ETF (ELFE.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.
| 36BD.DE | ELFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.06 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.42 | +0.05 |
| Martin ratioReturn relative to average drawdown | 1.13 | 1.04 | +0.09 |
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
| 36BD.DE | ELFE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.31 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.00 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | -0.13 | +0.31 |
Drawdowns
36BD.DE vs. ELFE.DE - Drawdown Comparison
The maximum 36BD.DE drawdown since its inception was -11.97%, smaller than the maximum ELFE.DE drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for 36BD.DE and ELFE.DE.
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Drawdown Indicators
| 36BD.DE | ELFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -20.67% | +8.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -4.53% | +0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -10.13% | -10.45% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -11.97% | -15.39% | +3.42% |
Current DrawdownCurrent decline from peak | -6.13% | -15.66% | +9.53% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -12.73% | +7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.81% | -0.26% |
Volatility
36BD.DE vs. ELFE.DE - Volatility Comparison
The current volatility for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) is 0.74%, while Deka US Treasury 7-10 UCITS ETF (ELFE.DE) has a volatility of 1.17%. This indicates that 36BD.DE experiences smaller price fluctuations and is considered to be less risky than ELFE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BD.DE | ELFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.17% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 4.19% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.39% | 6.08% | -0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.21% | 9.00% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.16% | 8.73% | -1.57% |
36BD.DE vs. ELFE.DE - Expense Ratio Comparison
36BD.DE has a 0.15% expense ratio, which is higher than ELFE.DE's 0.07% 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
36BD.DE vs. ELFE.DE - Dividend Comparison
36BD.DE has not paid dividends to shareholders, while ELFE.DE's dividend yield for the trailing twelve months is around 4.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ELFE.DE Deka US Treasury 7-10 UCITS ETF | 4.36% | 3.84% | 2.83% | 2.04% | 1.74% | 2.27% | 1.81% | 0.24% |
Frequently Asked Questions
36BD.DE and ELFE.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ELFE.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ELFE.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for 36BD.DE.
36BD.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped, while ELFE.DE tracks Solactive US Treasury 7-10 Q Series USD. They also come from different issuers: iShares and Deka Investment GmbH. Their fees differ too: 0.15% for 36BD.DE and 0.07% for ELFE.DE.
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