EFQ8.DE vs. EL4A.DE
EFQ8.DE (Deka iBoxx EUR Liquid Non-Financials Diversified UCITS ETF) and EL4A.DE (Deka DAX UCITS ETF) are both exchange-traded funds - EFQ8.DE is a European Corporate Bonds fund tracking the iBoxx® EUR Liquid Non-Financials Diversified, while EL4A.DE is a Europe Equities fund tracking the DAX®. Both are passively managed. Over the past 10 years, EFQ8.DE returned 0.12%/yr vs 8.99%/yr for EL4A.DE. At a 0.06 correlation, their price movements are largely independent. EFQ8.DE charges 0.20%/yr vs 0.15%/yr for EL4A.DE.
Performance
EFQ8.DE vs. EL4A.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EFQ8.DE achieves a -0.06% return, which is significantly lower than EL4A.DE's 0.81% return. Over the past 10 years, EFQ8.DE has underperformed EL4A.DE with an annualized return of 0.12%, while EL4A.DE has yielded a comparatively higher 8.99% annualized return.
EFQ8.DE
- 1D
- 0.00%
- 1M
- -0.94%
- 6M
- -0.55%
- YTD
- -0.06%
- 1Y
- 0.66%
- 3Y*
- 3.44%
- 5Y*
- -1.07%
- 10Y*
- 0.12%
EL4A.DE
- 1D
- -0.32%
- 1M
- -0.80%
- 6M
- -2.23%
- YTD
- 0.81%
- 1Y
- 1.74%
- 3Y*
- 14.84%
- 5Y*
- 9.20%
- 10Y*
- 8.99%
EFQ8.DE vs. EL4A.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% |
EL4A.DE Deka DAX UCITS ETF | 0.81% | 22.57% | 18.09% | 19.52% | -12.75% | 15.19% | 3.01% | 24.61% | -18.58% | 12.49% |
Correlation
The correlation between EFQ8.DE and EL4A.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2011 | 0.06 |
Over the past year, EFQ8.DE and EL4A.DE have become more correlated (0.45) than their long-term average of 0.06, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EFQ8.DE vs. EL4A.DE — Risk / Return Rank
EFQ8.DE
EL4A.DE
EFQ8.DE vs. EL4A.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 DAX UCITS ETF (EL4A.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 | EL4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.03 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 0.11 | +0.10 |
| Martin ratioReturn relative to average drawdown | 0.61 | 0.35 | +0.26 |
Loading charts...
Drawdowns
EFQ8.DE vs. EL4A.DE - Drawdown Comparison
The maximum EFQ8.DE drawdown since its inception was -19.42%, smaller than the maximum EL4A.DE drawdown of -46.64%. Use the drawdown chart below to compare losses from any high point for EFQ8.DE and EL4A.DE.
Loading charts...
Drawdown Indicators
| EFQ8.DE | EL4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.42% | -46.64% | +27.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -12.36% | +9.24% |
Max Drawdown (3Y)Largest decline over 3 years | -3.12% | -15.89% | +12.77% |
Max Drawdown (5Y)Largest decline over 5 years | -19.42% | -26.76% | +7.34% |
Max Drawdown (10Y)Largest decline over 10 years | -19.42% | -38.68% | +19.26% |
Current DrawdownCurrent decline from peak | -5.98% | -3.83% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -8.84% | +4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 3.95% | -2.88% |
Volatility
EFQ8.DE vs. EL4A.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Non-Financials Diversified UCITS ETF (EFQ8.DE) is 1.01%, while Deka DAX UCITS ETF (EL4A.DE) has a volatility of 4.69%. This indicates that EFQ8.DE experiences smaller price fluctuations and is considered to be less risky than EL4A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EFQ8.DE | EL4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 4.69% | -3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | 13.58% | -10.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.08% | 16.27% | -12.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.90% | 17.23% | -11.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 18.11% | -12.75% |
EFQ8.DE vs. EL4A.DE - Expense Ratio Comparison
EFQ8.DE has a 0.20% expense ratio, which is higher than EL4A.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
EFQ8.DE vs. EL4A.DE - Dividend Comparison
EFQ8.DE's dividend yield for the trailing twelve months is around 3.57%, while EL4A.DE has not paid dividends to shareholders.
| 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% |
EL4A.DE Deka DAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.56% | 0.65% | 0.60% |
Frequently Asked Questions
EFQ8.DE and EL4A.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4A.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4A.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for EFQ8.DE.
EFQ8.DE is categorized as European Corporate Bonds, while EL4A.DE is Europe Equities. EFQ8.DE tracks iBoxx® EUR Liquid Non-Financials Diversified, while EL4A.DE tracks DAX®. Their fees differ too: 0.20% for EFQ8.DE and 0.15% for EL4A.DE.
Find the right allocation for EFQ8.DE and EL4A.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer