EL4B.DE vs. ELFF.DE

Last updated Jun 5, 2026

EL4B.DE (Deka EURO STOXX 50 UCITS ETF) and ELFF.DE (Deka Euro Corporates 0-3 Liquid UCITS ETF ) are both exchange-traded funds - EL4B.DE is a Europe Equities fund tracking the EURO STOXX® 50, while ELFF.DE is a European Corporate Bonds fund tracking the Solactive Euro Corporates 0-3 Year Liquid EUR. Both are passively managed. Over the past 5 years, EL4B.DE returned 11.39%/yr vs 1.31%/yr for ELFF.DE. At a 0.11 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.

Performance

EL4B.DE vs. ELFF.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka EURO STOXX 50 UCITS ETF (EL4B.DE) and Deka Euro Corporates 0-3 Liquid UCITS ETF (ELFF.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EL4B.DE achieves a 7.06% return, which is significantly higher than ELFF.DE's 0.40% return.

EL4B.DE

• 1D: 0.71%
• 1M: 1.73%
• YTD: 7.06%
• 6M: 8.43%
• 1Y: 15.56%
• 3Y*: 15.51%
• 5Y*: 11.39%
• 10Y*: 10.43%

ELFF.DE

• 1D: 0.13%
• 1M: 0.17%
• YTD: 0.40%
• 6M: 0.45%
• 1Y: 1.66%
• 3Y*: 3.30%
• 5Y*: 1.31%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EL4B.DE vs. ELFF.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EL4B.DE Deka EURO STOXX 50 UCITS ETF	7.06%	22.15%	10.94%	22.39%	-8.81%	23.20%	-3.07%	10.47%
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 EL4B.DE and ELFF.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019	0.11

Over the past year, EL4B.DE and ELFF.DE have become more correlated (0.37) than their long-term average of 0.11, meaning their price movements have been converging.

Return for Risk

EL4B.DE vs. ELFF.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EL4B.DE

EL4B.DE Risk / Return Rank: 29
EL4B.DE Sharpe Ratio Rank: 28
EL4B.DE Sortino Ratio Rank: 29
EL4B.DE Omega Ratio Rank: 28
EL4B.DE Calmar Ratio Rank: 29
EL4B.DE Martin Ratio Rank: 33

ELFF.DE

ELFF.DE Risk / Return Rank: 23
ELFF.DE Sharpe Ratio Rank: 25
ELFF.DE Sortino Ratio Rank: 24
ELFF.DE Omega Ratio Rank: 25
ELFF.DE Calmar Ratio Rank: 21
ELFF.DE Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EL4B.DE vs. ELFF.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deka EURO STOXX 50 UCITS ETF (EL4B.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.

	EL4B.DE	ELFF.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.98	0.86	+0.13
Sortino ratio: Return per unit of downside risk	1.54	1.27	+0.27
Omega ratio: Gain probability vs. loss probability	1.18	1.17	+0.02
Calmar ratio: Return relative to maximum drawdown	1.42	0.90	+0.52
Martin ratio: Return relative to average drawdown	4.84	2.57	+2.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EL4B.DE vs. ELFF.DE - Sharpe Ratio Comparison

The current EL4B.DE Sharpe Ratio is 0.98, which is comparable to the ELFF.DE Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of EL4B.DE and ELFF.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EL4B.DE	ELFF.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	0.86	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.76	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.56	-0.26

Drawdowns

EL4B.DE vs. ELFF.DE - Drawdown Comparison

The maximum EL4B.DE drawdown since its inception was -52.03%, 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 EL4B.DE and ELFF.DE.

Drawdown Indicators

	EL4B.DE	ELFF.DE	Difference
Max Drawdown Largest peak-to-trough decline	-52.03%	-4.95%	-47.08%
Max Drawdown (1Y) Largest decline over 1 year	-10.98%	-1.64%	-9.34%
Max Drawdown (3Y) Largest decline over 3 years	-16.47%	-1.64%	-14.83%
Max Drawdown (5Y) Largest decline over 5 years	-23.30%	-4.60%	-18.70%
Max Drawdown (10Y) Largest decline over 10 years	-38.24%	—	—
Current Drawdown Current decline from peak	-0.68%	-0.72%	+0.04%
Average Drawdown Average peak-to-trough decline	-11.30%	-1.25%	-10.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	0.57%	+2.66%

Volatility

EL4B.DE vs. ELFF.DE - Volatility Comparison

Deka EURO STOXX 50 UCITS ETF (EL4B.DE) has a higher volatility of 4.94% compared to Deka Euro Corporates 0-3 Liquid UCITS ETF (ELFF.DE) at 0.54%. This indicates that EL4B.DE's price experiences larger fluctuations and is considered to be riskier than ELFF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EL4B.DE	ELFF.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	0.54%	+4.40%
Volatility (6M) Calculated over the trailing 6-month period	12.91%	1.51%	+11.40%
Volatility (1Y) Calculated over the trailing 1-year period	15.90%	1.72%	+14.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.43%	1.70%	+15.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.13%	1.62%	+16.51%

EL4B.DE vs. ELFF.DE - Expense Ratio Comparison

Both EL4B.DE and ELFF.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

EL4B.DE vs. ELFF.DE - Dividend Comparison

EL4B.DE's dividend yield for the trailing twelve months is around 2.19%, more than ELFF.DE's 1.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EL4B.DE Deka EURO STOXX 50 UCITS ETF	2.19%	2.36%	2.77%	2.77%	2.85%	2.22%	2.06%	3.04%	4.02%	3.31%	3.23%	3.34%
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%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EL4B.DE and ELFF.DE in my portfolio?

EL4B.DE and ELFF.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EL4B.DE or ELFF.DE?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EL4B.DE or ELFF.DE?

EL4B.DE and ELFF.DE have the same expense ratio: 0.15% per year.

What is the main difference between EL4B.DE and ELFF.DE?

EL4B.DE is categorized as Europe Equities, while ELFF.DE is European Corporate Bonds. EL4B.DE tracks EURO STOXX® 50, while ELFF.DE tracks Solactive Euro Corporates 0-3 Year Liquid EUR.