EL46.DE vs. ELFE.DE
EL46.DE (Deka MSCI China ex A Shares UCITS ETF) and ELFE.DE (Deka US Treasury 7-10 UCITS ETF ) are both exchange-traded funds - EL46.DE is a China Equities fund tracking the MSCI China ex A Shares, while ELFE.DE is a Government Bonds fund tracking the Solactive US Treasury 7-10 Q Series USD. Both are passively managed. Over the past 5 years, EL46.DE returned -5.27%/yr vs 0.02%/yr for ELFE.DE. At a correlation of -0.11, they often move in opposite directions. EL46.DE charges 0.66%/yr vs 0.07%/yr for ELFE.DE.
Performance
EL46.DE vs. ELFE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL46.DE achieves a -10.01% return, which is significantly lower than ELFE.DE's 0.55% return.
EL46.DE
- 1D
- -0.11%
- 1M
- -3.80%
- YTD
- -10.01%
- 6M
- -12.17%
- 1Y
- -2.40%
- 3Y*
- 6.90%
- 5Y*
- -5.27%
- 10Y*
- 3.87%
ELFE.DE
- 1D
- 0.13%
- 1M
- 0.62%
- YTD
- 0.55%
- 6M
- -0.26%
- 1Y
- 1.89%
- 3Y*
- -0.01%
- 5Y*
- 0.02%
- 10Y*
- —
EL46.DE vs. ELFE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EL46.DE Deka MSCI China ex A Shares UCITS ETF | -10.01% | 17.77% | 27.71% | -14.54% | -13.52% | -21.82% | 14.00% | 13.44% |
ELFE.DE Deka US Treasury 7-10 UCITS ETF | 0.55% | -3.68% | 5.37% | 0.04% | -9.38% | 5.11% | -0.09% | -4.86% |
Correlation
The correlation between EL46.DE and ELFE.DE is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019 | -0.11 |
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Return for Risk
EL46.DE vs. ELFE.DE — Risk / Return Rank
EL46.DE
ELFE.DE
EL46.DE vs. ELFE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI China ex A Shares UCITS ETF (EL46.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.
| EL46.DE | ELFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.06 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.42 | -0.53 |
| Martin ratioReturn relative to average drawdown | -0.24 | 1.04 | -1.28 |
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
| EL46.DE | ELFE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.12 | 0.31 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | 0.00 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | -0.13 | +0.25 |
Drawdowns
EL46.DE vs. ELFE.DE - Drawdown Comparison
The maximum EL46.DE drawdown since its inception was -58.21%, which is greater than ELFE.DE's maximum drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for EL46.DE and ELFE.DE.
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Drawdown Indicators
| EL46.DE | ELFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.21% | -20.67% | -37.54% |
Max Drawdown (1Y)Largest decline over 1 year | -21.01% | -4.53% | -16.48% |
Max Drawdown (3Y)Largest decline over 3 years | -25.65% | -10.45% | -15.20% |
Max Drawdown (5Y)Largest decline over 5 years | -51.07% | -15.39% | -35.68% |
Max Drawdown (10Y)Largest decline over 10 years | -58.21% | — | — |
Current DrawdownCurrent decline from peak | -36.65% | -15.66% | -20.99% |
Average DrawdownAverage peak-to-trough decline | -22.26% | -12.73% | -9.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.96% | 1.81% | +8.15% |
Volatility
EL46.DE vs. ELFE.DE - Volatility Comparison
Deka MSCI China ex A Shares UCITS ETF (EL46.DE) has a higher volatility of 8.28% compared to Deka US Treasury 7-10 UCITS ETF (ELFE.DE) at 1.17%. This indicates that EL46.DE's price experiences larger fluctuations and is considered to be riskier 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
| EL46.DE | ELFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.28% | 1.17% | +7.11% |
Volatility (6M)Calculated over the trailing 6-month period | 15.15% | 4.19% | +10.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.97% | 6.08% | +13.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.36% | 9.00% | +22.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.53% | 8.73% | +18.80% |
EL46.DE vs. ELFE.DE - Expense Ratio Comparison
EL46.DE has a 0.66% expense ratio, which is higher than ELFE.DE's 0.07% expense ratio.
Dividends
EL46.DE vs. ELFE.DE - Dividend Comparison
EL46.DE's dividend yield for the trailing twelve months is around 1.52%, less than ELFE.DE's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL46.DE Deka MSCI China ex A Shares UCITS ETF | 1.52% | 1.43% | 2.06% | 2.03% | 1.78% | 1.22% | 0.86% | 1.26% | 1.62% | 0.94% | 1.98% | 2.32% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EL46.DE and ELFE.DE have a correlation of -0.05, 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 0.66% for EL46.DE.
EL46.DE is categorized as China Equities, while ELFE.DE is Government Bonds. EL46.DE tracks MSCI China ex A Shares, while ELFE.DE tracks Solactive US Treasury 7-10 Q Series USD. Their fees differ too: 0.66% for EL46.DE and 0.07% for ELFE.DE.
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