EL48.DE vs. ELFC.DE
EL48.DE (Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF) and ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) are both exchange-traded funds - EL48.DE is a European Corporate Bonds fund tracking the iBoxx® EUR Liquid Germany Covered Diversified, while ELFC.DE is a Europe Equities fund tracking the EURO iSTOXX® ex Financials High Dividend 50. Both are passively managed. Over the past 10 years, EL48.DE returned -0.41%/yr vs 8.86%/yr for ELFC.DE. At a correlation of -0.01, they often move in opposite directions. EL48.DE charges 0.09%/yr vs 0.30%/yr for ELFC.DE.
Performance
EL48.DE vs. ELFC.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EL48.DE achieves a 0.11% return, which is significantly lower than ELFC.DE's 12.62% return. Over the past 10 years, EL48.DE has underperformed ELFC.DE with an annualized return of -0.41%, while ELFC.DE has yielded a comparatively higher 8.86% annualized return.
EL48.DE
- 1D
- 0.07%
- 1M
- 0.16%
- YTD
- 0.11%
- 6M
- -0.02%
- 1Y
- 0.83%
- 3Y*
- 2.99%
- 5Y*
- -1.32%
- 10Y*
- -0.41%
ELFC.DE
- 1D
- -0.33%
- 1M
- -0.31%
- YTD
- 12.62%
- 6M
- 11.95%
- 1Y
- 20.69%
- 3Y*
- 12.09%
- 5Y*
- 10.14%
- 10Y*
- 8.86%
EL48.DE vs. ELFC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL48.DE Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF | 0.11% | 2.29% | 2.95% | 5.23% | -14.85% | -2.18% | 1.63% | 2.29% | 0.33% | 0.04% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 12.62% | 17.73% | -0.16% | 15.69% | 1.54% | 21.96% | -7.15% | 19.94% | -4.03% | 6.11% |
Correlation
The correlation between EL48.DE and ELFC.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | -0.01 |
The correlation between EL48.DE and ELFC.DE shifts across timeframes, from -0.01 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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
EL48.DE vs. ELFC.DE — Risk / Return Rank
EL48.DE
ELFC.DE
EL48.DE vs. ELFC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF (EL48.DE) and Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.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.
| EL48.DE | ELFC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.33 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 3.00 | -2.70 |
| Martin ratioReturn relative to average drawdown | 0.77 | 8.42 | -7.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EL48.DE | ELFC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 1.81 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.73 | -1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.14 | 0.56 | -0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.55 | -0.41 |
Drawdowns
EL48.DE vs. ELFC.DE - Drawdown Comparison
The maximum EL48.DE drawdown since its inception was -18.24%, smaller than the maximum ELFC.DE drawdown of -37.68%. Use the drawdown chart below to compare losses from any high point for EL48.DE and ELFC.DE.
Loading charts...
Drawdown Indicators
| EL48.DE | ELFC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.24% | -37.68% | +19.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -6.71% | +4.49% |
Max Drawdown (3Y)Largest decline over 3 years | -2.22% | -15.02% | +12.80% |
Max Drawdown (5Y)Largest decline over 5 years | -17.05% | -16.85% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -18.24% | -37.68% | +19.44% |
Current DrawdownCurrent decline from peak | -8.55% | -1.60% | -6.95% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -4.70% | +0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 2.39% | -1.54% |
Volatility
EL48.DE vs. ELFC.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF (EL48.DE) is 1.04%, while Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) has a volatility of 2.62%. This indicates that EL48.DE experiences smaller price fluctuations and is considered to be less risky than ELFC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EL48.DE | ELFC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 2.62% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 8.07% | -5.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.49% | 11.12% | -8.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 13.76% | -9.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.60% | 16.40% | -12.80% |
EL48.DE vs. ELFC.DE - Expense Ratio Comparison
EL48.DE has a 0.09% expense ratio, which is lower than ELFC.DE's 0.30% expense ratio.
Dividends
EL48.DE vs. ELFC.DE - Dividend Comparison
EL48.DE's dividend yield for the trailing twelve months is around 2.07%, less than ELFC.DE's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL48.DE Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF | 2.07% | 2.45% | 1.70% | 1.66% | 0.19% | 0.15% | 0.19% | 0.28% | 0.28% | 0.87% | 0.90% | 0.94% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 4.08% | 4.45% | 4.66% | 4.66% | 4.91% | 3.85% | 2.83% | 3.64% | 4.20% | 3.53% | 3.57% | 0.00% |
Frequently Asked Questions
EL48.DE and ELFC.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL48.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL48.DE is cheaper with a 0.09% expense ratio, compared with 0.30% for ELFC.DE.
EL48.DE is categorized as European Corporate Bonds, while ELFC.DE is Europe Equities. EL48.DE tracks iBoxx® EUR Liquid Germany Covered Diversified, while ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50. Their fees differ too: 0.09% for EL48.DE and 0.30% for ELFC.DE.
Find the right allocation for EL48.DE and ELFC.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