EFQ8.DE vs. EL4X.DE
EFQ8.DE (Deka iBoxx EUR Liquid Non-Financials Diversified UCITS ETF) and EL4X.DE (Deka DAXplus Maximum Dividend UCITS ETF) are both exchange-traded funds - EFQ8.DE is a European Corporate Bonds fund tracking the iBoxx® EUR Liquid Non-Financials Diversified, while EL4X.DE is a Europe Equities fund tracking the DAXplus® Maximum Dividend. Both are passively managed. Over the past 10 years, EFQ8.DE returned 0.12%/yr vs 1.83%/yr for EL4X.DE. At a 0.05 correlation, their price movements are largely independent. EFQ8.DE charges 0.20%/yr vs 0.30%/yr for EL4X.DE.
Performance
EFQ8.DE vs. EL4X.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 EL4X.DE's 5.37% return. Over the past 10 years, EFQ8.DE has underperformed EL4X.DE with an annualized return of 0.12%, while EL4X.DE has yielded a comparatively higher 1.83% 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%
EL4X.DE
- 1D
- -0.60%
- 1M
- -1.48%
- 6M
- 3.19%
- YTD
- 5.37%
- 1Y
- 6.27%
- 3Y*
- 7.68%
- 5Y*
- 2.31%
- 10Y*
- 1.83%
EFQ8.DE vs. EL4X.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% |
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 5.37% | 14.14% | -1.45% | 26.37% | -20.07% | 9.05% | -2.95% | 11.24% | -23.98% | 5.70% |
Correlation
The correlation between EFQ8.DE and EL4X.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2011 | 0.05 |
Over the past year, EFQ8.DE and EL4X.DE have become more correlated (0.38) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
EFQ8.DE vs. EL4X.DE — Risk / Return Rank
EFQ8.DE
EL4X.DE
EFQ8.DE vs. EL4X.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 DAXplus Maximum Dividend UCITS ETF (EL4X.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 | EL4X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.08 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 0.63 | -0.42 |
| Martin ratioReturn relative to average drawdown | 0.61 | 1.33 | -0.72 |
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Drawdowns
EFQ8.DE vs. EL4X.DE - Drawdown Comparison
The maximum EFQ8.DE drawdown since its inception was -19.42%, smaller than the maximum EL4X.DE drawdown of -56.06%. Use the drawdown chart below to compare losses from any high point for EFQ8.DE and EL4X.DE.
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Drawdown Indicators
| EFQ8.DE | EL4X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.42% | -56.06% | +36.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -9.87% | +6.75% |
Max Drawdown (3Y)Largest decline over 3 years | -3.12% | -16.60% | +13.48% |
Max Drawdown (5Y)Largest decline over 5 years | -19.42% | -34.51% | +15.09% |
Max Drawdown (10Y)Largest decline over 10 years | -19.42% | -56.06% | +36.64% |
Current DrawdownCurrent decline from peak | -5.98% | -4.17% | -1.81% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -14.54% | +10.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 4.65% | -3.58% |
Volatility
EFQ8.DE vs. EL4X.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Non-Financials Diversified UCITS ETF (EFQ8.DE) is 1.01%, while Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) has a volatility of 5.86%. This indicates that EFQ8.DE experiences smaller price fluctuations and is considered to be less risky than EL4X.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 | EL4X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 5.86% | -4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | 13.30% | -9.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.08% | 15.99% | -11.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.90% | 17.04% | -11.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 18.18% | -12.82% |
EFQ8.DE vs. EL4X.DE - Expense Ratio Comparison
EFQ8.DE has a 0.20% expense ratio, which is lower than EL4X.DE's 0.30% expense ratio.
Dividends
EFQ8.DE vs. EL4X.DE - Dividend Comparison
EFQ8.DE's dividend yield for the trailing twelve months is around 3.57%, less than EL4X.DE's 4.61% 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% |
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 4.61% | 5.11% | 7.17% | 5.99% | 8.64% | 3.83% | 2.89% | 6.21% | 0.42% | 7.17% | 7.37% | 5.62% |
Frequently Asked Questions
EFQ8.DE and EL4X.DE have a correlation of 0.38, 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 EL4X.DE.
EFQ8.DE is categorized as European Corporate Bonds, while EL4X.DE is Europe Equities. EFQ8.DE tracks iBoxx® EUR Liquid Non-Financials Diversified, while EL4X.DE tracks DAXplus® Maximum Dividend. Their fees differ too: 0.20% for EFQ8.DE and 0.30% for EL4X.DE.
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