EL4M.DE vs. ELFF.DE
EL4M.DE (Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF) and ELFF.DE (Deka Euro Corporates 0-3 Liquid UCITS ETF ) are both exchange-traded funds - EL4M.DE is a European Government Bonds fund tracking the iBoxx® EUR Liquid Sovereigns Diversified 3-5, 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, EL4M.DE returned -0.53%/yr vs 1.31%/yr for ELFF.DE. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
EL4M.DE vs. ELFF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4M.DE achieves a -0.10% return, which is significantly lower than ELFF.DE's 0.40% return.
EL4M.DE
- 1D
- 0.08%
- 1M
- 0.06%
- YTD
- -0.10%
- 6M
- -0.01%
- 1Y
- 0.69%
- 3Y*
- 2.75%
- 5Y*
- -0.53%
- 10Y*
- -0.03%
ELFF.DE
- 1D
- 0.13%
- 1M
- 0.17%
- YTD
- 0.40%
- 6M
- 0.45%
- 1Y
- 1.66%
- 3Y*
- 3.30%
- 5Y*
- 1.31%
- 10Y*
- —
EL4M.DE vs. ELFF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EL4M.DE Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF | -0.10% | 2.42% | 2.21% | 5.36% | -11.06% | -1.40% | 1.14% | -1.49% |
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 EL4M.DE and ELFF.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019 | 0.51 |
The correlation between EL4M.DE and ELFF.DE shifts across timeframes, from 0.47 (1 year) to 0.58 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL4M.DE vs. ELFF.DE — Risk / Return Rank
EL4M.DE
ELFF.DE
EL4M.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 3-5 UCITS ETF (EL4M.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.
| EL4M.DE | ELFF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.17 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 0.90 | -0.75 |
| Martin ratioReturn relative to average drawdown | 0.39 | 2.57 | -2.18 |
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
| EL4M.DE | ELFF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 0.86 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 0.76 | -0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.56 | -0.08 |
Drawdowns
EL4M.DE vs. ELFF.DE - Drawdown Comparison
The maximum EL4M.DE drawdown since its inception was -13.53%, 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 EL4M.DE and ELFF.DE.
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Drawdown Indicators
| EL4M.DE | ELFF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.53% | -4.95% | -8.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -1.64% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -2.63% | -1.64% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -13.20% | -4.60% | -8.60% |
Max Drawdown (10Y)Largest decline over 10 years | -13.53% | — | — |
Current DrawdownCurrent decline from peak | -3.72% | -0.72% | -3.00% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -1.25% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.57% | +0.38% |
Volatility
EL4M.DE vs. ELFF.DE - Volatility Comparison
Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF (EL4M.DE) has a higher volatility of 1.19% compared to Deka Euro Corporates 0-3 Liquid UCITS ETF (ELFF.DE) at 0.54%. This indicates that EL4M.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
| EL4M.DE | ELFF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 0.54% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 1.51% | +1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 1.72% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.04% | 1.70% | +2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.13% | 1.62% | +1.51% |
EL4M.DE vs. ELFF.DE - Expense Ratio Comparison
Both EL4M.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
EL4M.DE vs. ELFF.DE - Dividend Comparison
EL4M.DE's dividend yield for the trailing twelve months is around 2.17%, more than ELFF.DE's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4M.DE Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF | 2.17% | 2.76% | 1.93% | 1.89% | 0.55% | 0.79% | 1.06% | 1.41% | 1.08% | 2.12% | 1.66% | 1.83% |
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
EL4M.DE and ELFF.DE have a correlation of 0.47, 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.
EL4M.DE and ELFF.DE have the same expense ratio: 0.15% per year.
EL4M.DE is categorized as European Government Bonds, while ELFF.DE is European Corporate Bonds. EL4M.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 3-5, while ELFF.DE tracks Solactive Euro Corporates 0-3 Year Liquid EUR.
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