EFQ8.DE vs. EL42.DE
EFQ8.DE (Deka iBoxx EUR Liquid Non-Financials Diversified UCITS ETF) and EL42.DE (Deka MSCI Europe UCITS ETF) are both exchange-traded funds - EFQ8.DE is a European Corporate Bonds fund tracking the iBoxx® EUR Liquid Non-Financials Diversified, while EL42.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 10 years, EFQ8.DE returned 0.12%/yr vs 9.31%/yr for EL42.DE. At a 0.08 correlation, their price movements are largely independent. EFQ8.DE charges 0.20%/yr vs 0.30%/yr for EL42.DE.
Performance
EFQ8.DE vs. EL42.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EFQ8.DE achieves a -0.06% return, which is significantly lower than EL42.DE's 10.50% return. Over the past 10 years, EFQ8.DE has underperformed EL42.DE with an annualized return of 0.12%, while EL42.DE has yielded a comparatively higher 9.31% annualized return.
EFQ8.DE
- 1D
- 0.00%
- 1M
- -0.82%
- 6M
- -0.55%
- YTD
- -0.06%
- 1Y
- 0.65%
- 3Y*
- 3.44%
- 5Y*
- -1.07%
- 10Y*
- 0.12%
EL42.DE
- 1D
- -0.28%
- 1M
- 0.42%
- 6M
- 6.49%
- YTD
- 10.50%
- 1Y
- 20.12%
- 3Y*
- 14.40%
- 5Y*
- 10.12%
- 10Y*
- 9.31%
EFQ8.DE vs. EL42.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EFQ8.DE Deka iBoxx EUR Liquid Non-Financials Diversified UCITS ETF | -0.06% | 2.57% | 2.98% | 7.44% | -15.12% | -1.44% | 2.82% | 7.39% | -2.10% | 1.39% |
EL42.DE Deka MSCI Europe UCITS ETF | 10.50% | 20.05% | 7.78% | 15.64% | -9.45% | 24.88% | -3.36% | 27.34% | -10.95% | 10.10% |
Correlation
The correlation between EFQ8.DE and EL42.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2011 | 0.08 |
Over the past year, EFQ8.DE and EL42.DE have become more correlated (0.48) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
EFQ8.DE vs. EL42.DE — Risk / Return Rank
EFQ8.DE
EL42.DE
EFQ8.DE vs. EL42.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka iBoxx EUR Liquid Non-Financials Diversified UCITS ETF (EFQ8.DE) and Deka MSCI Europe UCITS ETF (EL42.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.
| EFQ8.DE | EL42.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.30 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 2.09 | -1.88 |
| Martin ratioReturn relative to average drawdown | 0.61 | 8.05 | -7.44 |
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Drawdowns
EFQ8.DE vs. EL42.DE - Drawdown Comparison
The maximum EFQ8.DE drawdown since its inception was -19.42%, smaller than the maximum EL42.DE drawdown of -35.83%. Use the drawdown chart below to compare losses from any high point for EFQ8.DE and EL42.DE.
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Drawdown Indicators
| EFQ8.DE | EL42.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.42% | -35.83% | +16.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -9.58% | +6.46% |
Max Drawdown (3Y)Largest decline over 3 years | -3.12% | -16.41% | +13.29% |
Max Drawdown (5Y)Largest decline over 5 years | -19.42% | -19.42% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -19.42% | -35.83% | +16.41% |
Current DrawdownCurrent decline from peak | -5.98% | -1.77% | -4.21% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -5.15% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 2.49% | -1.42% |
Volatility
EFQ8.DE vs. EL42.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Non-Financials Diversified UCITS ETF (EFQ8.DE) is 1.01%, while Deka MSCI Europe UCITS ETF (EL42.DE) has a volatility of 3.18%. This indicates that EFQ8.DE experiences smaller price fluctuations and is considered to be less risky than EL42.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EFQ8.DE | EL42.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 3.18% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | 10.89% | -7.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.08% | 12.90% | -8.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.90% | 14.20% | -8.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 15.15% | -9.79% |
EFQ8.DE vs. EL42.DE - Expense Ratio Comparison
EFQ8.DE has a 0.20% expense ratio, which is lower than EL42.DE's 0.30% expense ratio.
Dividends
EFQ8.DE vs. EL42.DE - Dividend Comparison
EFQ8.DE's dividend yield for the trailing twelve months is around 3.57%, more than EL42.DE's 2.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFQ8.DE Deka iBoxx EUR Liquid Non-Financials Diversified UCITS ETF | 3.57% | 3.18% | 2.61% | 2.33% | 1.18% | 0.92% | 0.90% | 0.96% | 0.67% | 1.17% | 1.70% | 2.59% |
EL42.DE Deka MSCI Europe UCITS ETF | 2.21% | 2.31% | 2.64% | 2.59% | 2.78% | 2.08% | 1.94% | 2.76% | 3.41% | 2.72% | 3.00% | 2.69% |
Frequently Asked Questions
EFQ8.DE and EL42.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EFQ8.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EFQ8.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for EL42.DE.
EFQ8.DE is categorized as European Corporate Bonds, while EL42.DE is Europe Equities. EFQ8.DE tracks iBoxx® EUR Liquid Non-Financials Diversified, while EL42.DE tracks MSCI Europe. Their fees differ too: 0.20% for EFQ8.DE and 0.30% for EL42.DE.
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