EL4K.DE vs. ELFF.DE
EL4K.DE (Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF) and ELFF.DE (Deka Euro Corporates 0-3 Liquid UCITS ETF ) are both exchange-traded funds - EL4K.DE is a European Government Bonds fund tracking the iBoxx® EUR Liquid Sovereigns Diversified 1-10, 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, EL4K.DE returned -2.03%/yr vs 1.31%/yr for ELFF.DE. At a 0.47 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
EL4K.DE vs. ELFF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4K.DE achieves a 0.05% return, which is significantly lower than ELFF.DE's 0.40% return.
EL4K.DE
- 1D
- 0.01%
- 1M
- -0.03%
- YTD
- 0.05%
- 6M
- 0.07%
- 1Y
- 0.71%
- 3Y*
- 2.63%
- 5Y*
- -2.03%
- 10Y*
- -0.25%
ELFF.DE
- 1D
- 0.13%
- 1M
- 0.17%
- YTD
- 0.40%
- 6M
- 0.45%
- 1Y
- 1.66%
- 3Y*
- 3.30%
- 5Y*
- 1.31%
- 10Y*
- —
EL4K.DE vs. ELFF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EL4K.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF | 0.05% | 1.88% | 1.40% | 7.39% | -18.12% | -2.54% | 3.36% | -3.15% |
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 EL4K.DE and ELFF.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019 | 0.47 |
The correlation between EL4K.DE and ELFF.DE has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
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Return for Risk
EL4K.DE vs. ELFF.DE — Risk / Return Rank
EL4K.DE
ELFF.DE
EL4K.DE vs. ELFF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF (EL4K.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.
| EL4K.DE | ELFF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.17 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 0.90 | -0.78 |
| Martin ratioReturn relative to average drawdown | 0.33 | 2.57 | -2.24 |
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
| EL4K.DE | ELFF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 0.86 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.76 | -1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.56 | -0.18 |
Drawdowns
EL4K.DE vs. ELFF.DE - Drawdown Comparison
The maximum EL4K.DE drawdown since its inception was -21.22%, 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 EL4K.DE and ELFF.DE.
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Drawdown Indicators
| EL4K.DE | ELFF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.22% | -4.95% | -16.27% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -1.64% | -1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -1.64% | -2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -21.02% | -4.60% | -16.42% |
Max Drawdown (10Y)Largest decline over 10 years | -21.22% | — | — |
Current DrawdownCurrent decline from peak | -11.77% | -0.72% | -11.05% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -1.25% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.57% | +0.65% |
Volatility
EL4K.DE vs. ELFF.DE - Volatility Comparison
Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF (EL4K.DE) has a higher volatility of 1.56% compared to Deka Euro Corporates 0-3 Liquid UCITS ETF (ELFF.DE) at 0.54%. This indicates that EL4K.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.
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Volatility by Period
| EL4K.DE | ELFF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 0.54% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 1.51% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.90% | 1.72% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 1.70% | +4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 1.62% | +3.50% |
EL4K.DE vs. ELFF.DE - Expense Ratio Comparison
Both EL4K.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
EL4K.DE vs. ELFF.DE - Dividend Comparison
EL4K.DE's dividend yield for the trailing twelve months is around 2.52%, more than ELFF.DE's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4K.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF | 2.52% | 1.58% | 1.25% | 1.24% | 0.56% | 0.60% | 0.67% | 0.89% | 0.81% | 1.90% | 1.92% | 2.45% |
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
EL4K.DE and ELFF.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EL4K.DE and ELFF.DE have the same expense ratio: 0.15% per year.
EL4K.DE is categorized as European Government Bonds, while ELFF.DE is European Corporate Bonds. EL4K.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10, while ELFF.DE tracks Solactive Euro Corporates 0-3 Year Liquid EUR.
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