EFRN.DE vs. ELFF.DE
EFRN.DE (iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist)) and ELFF.DE (Deka Euro Corporates 0-3 Liquid UCITS ETF ) are both European Corporate Bonds funds - EFRN.DE tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR while ELFF.DE tracks the Solactive Euro Corporates 0-3 Year Liquid EUR. Both are passively managed. Over the past 5 years, EFRN.DE returned 2.35%/yr vs 1.31%/yr for ELFF.DE. At a 0.08 correlation, their price movements are largely independent. EFRN.DE charges 0.10%/yr vs 0.15%/yr for ELFF.DE.
Performance
EFRN.DE vs. ELFF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EFRN.DE achieves a 0.87% return, which is significantly higher than ELFF.DE's 0.40% return.
EFRN.DE
- 1D
- 0.05%
- 1M
- 0.17%
- YTD
- 0.87%
- 6M
- 1.29%
- 1Y
- 2.55%
- 3Y*
- 3.61%
- 5Y*
- 2.35%
- 10Y*
- —
ELFF.DE
- 1D
- 0.13%
- 1M
- 0.17%
- YTD
- 0.40%
- 6M
- 0.45%
- 1Y
- 1.66%
- 3Y*
- 3.30%
- 5Y*
- 1.31%
- 10Y*
- —
EFRN.DE vs. ELFF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 0.87% | 2.94% | 4.31% | 3.97% | -0.03% | -0.22% | -0.04% | -0.04% |
ELFF.DE Deka Euro Corporates 0-3 Liquid UCITS ETF | 0.40% | 2.75% | 3.74% | 3.68% | -3.53% | -0.57% | 0.22% | -0.33% |
Correlation
The correlation between EFRN.DE and ELFF.DE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019 | 0.08 |
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Return for Risk
EFRN.DE vs. ELFF.DE — Risk / Return Rank
EFRN.DE
ELFF.DE
EFRN.DE vs. ELFF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) and Deka Euro Corporates 0-3 Liquid UCITS ETF (ELFF.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.
| EFRN.DE | ELFF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.17 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 8.25 | 0.90 | +7.35 |
| Martin ratioReturn relative to average drawdown | 32.61 | 2.57 | +30.04 |
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
| EFRN.DE | ELFF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 0.86 | +1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.35 | 0.76 | +1.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.56 | +0.56 |
Drawdowns
EFRN.DE vs. ELFF.DE - Drawdown Comparison
The maximum EFRN.DE drawdown since its inception was -5.68%, which is greater than ELFF.DE's maximum drawdown of -4.95%. Use the drawdown chart below to compare losses from any high point for EFRN.DE and ELFF.DE.
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Drawdown Indicators
| EFRN.DE | ELFF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.68% | -4.95% | -0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -0.31% | -1.64% | +1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -0.48% | -1.64% | +1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -1.13% | -4.60% | +3.47% |
Current DrawdownCurrent decline from peak | -0.01% | -0.72% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -0.33% | -1.25% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 0.57% | -0.49% |
Volatility
EFRN.DE vs. ELFF.DE - Volatility Comparison
The current volatility for iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) is 0.34%, while Deka Euro Corporates 0-3 Liquid UCITS ETF (ELFF.DE) has a volatility of 0.54%. This indicates that EFRN.DE experiences smaller price fluctuations and is considered to be less risky than ELFF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EFRN.DE | ELFF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 0.54% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 1.51% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.98% | 1.72% | -0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.99% | 1.70% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.35% | 1.62% | -0.27% |
EFRN.DE vs. ELFF.DE - Expense Ratio Comparison
EFRN.DE has a 0.10% expense ratio, which is lower than ELFF.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
EFRN.DE vs. ELFF.DE - Dividend Comparison
EFRN.DE's dividend yield for the trailing twelve months is around 2.50%, more than ELFF.DE's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 2.50% | 2.88% | 4.22% | 2.93% | 0.00% | 0.00% | 0.00% | 0.00% |
ELFF.DE Deka Euro Corporates 0-3 Liquid UCITS ETF | 1.49% | 2.67% | 1.53% | 1.48% | 1.41% | 1.99% | 1.55% | 0.20% |
Frequently Asked Questions
EFRN.DE and ELFF.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EFRN.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EFRN.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for ELFF.DE.
EFRN.DE tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while ELFF.DE tracks Solactive Euro Corporates 0-3 Year Liquid EUR. They also come from different issuers: iShares and Deka. Their fees differ too: 0.10% for EFRN.DE and 0.15% for ELFF.DE.
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