EL4P.DE vs. ELFW.DE
EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) and ELFW.DE (Deka MSCI World UCITS ETF Dist) are both exchange-traded funds - EL4P.DE is a European Government Bonds fund tracking the iBoxx® EUR Liquid Sovereigns Diversified 7-10, while ELFW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, EL4P.DE returned -2.34%/yr vs 12.52%/yr for ELFW.DE. At a 0.06 correlation, their price movements are largely independent. EL4P.DE charges 0.15%/yr vs 0.31%/yr for ELFW.DE.
Performance
EL4P.DE vs. ELFW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4P.DE achieves a 0.16% return, which is significantly lower than ELFW.DE's 10.68% return.
EL4P.DE
- 1D
- 0.06%
- 1M
- 0.03%
- YTD
- 0.16%
- 6M
- 0.17%
- 1Y
- 0.76%
- 3Y*
- 2.69%
- 5Y*
- -2.34%
- 10Y*
- -0.11%
ELFW.DE
- 1D
- -0.02%
- 1M
- 3.61%
- YTD
- 10.68%
- 6M
- 10.77%
- 1Y
- 23.36%
- 3Y*
- 17.24%
- 5Y*
- 12.52%
- 10Y*
- —
EL4P.DE vs. ELFW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 0.16% | 1.64% | 1.06% | 8.67% | -20.09% | -3.04% | 4.34% | 6.96% | 1.78% |
ELFW.DE Deka MSCI World UCITS ETF Dist | 10.68% | 7.57% | 25.71% | 19.97% | -14.02% | 31.88% | 5.44% | 30.74% | -11.82% |
Correlation
The correlation between EL4P.DE and ELFW.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2018 | 0.06 |
Over the past year, EL4P.DE and ELFW.DE have become more correlated (0.28) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
EL4P.DE vs. ELFW.DE — Risk / Return Rank
EL4P.DE
ELFW.DE
EL4P.DE vs. ELFW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) and Deka MSCI World UCITS ETF Dist (ELFW.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.
| EL4P.DE | ELFW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -2.81 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.39 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 3.49 | -3.41 |
| Martin ratioReturn relative to average drawdown | 0.21 | 14.07 | -13.86 |
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
| EL4P.DE | ELFW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | 2.09 | -2.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.87 | -1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.77 | -0.33 |
Drawdowns
EL4P.DE vs. ELFW.DE - Drawdown Comparison
The maximum EL4P.DE drawdown since its inception was -23.50%, smaller than the maximum ELFW.DE drawdown of -33.59%. Use the drawdown chart below to compare losses from any high point for EL4P.DE and ELFW.DE.
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Drawdown Indicators
| EL4P.DE | ELFW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.50% | -33.59% | +10.09% |
Max Drawdown (1Y)Largest decline over 1 year | -4.09% | -6.68% | +2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -4.65% | -21.81% | +17.16% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -21.81% | -1.32% |
Max Drawdown (10Y)Largest decline over 10 years | -23.50% | — | — |
Current DrawdownCurrent decline from peak | -13.76% | -0.35% | -13.41% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -4.73% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.66% | -0.13% |
Volatility
EL4P.DE vs. ELFW.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) is 1.99%, while Deka MSCI World UCITS ETF Dist (ELFW.DE) has a volatility of 2.60%. This indicates that EL4P.DE experiences smaller price fluctuations and is considered to be less risky than ELFW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4P.DE | ELFW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 2.60% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 7.74% | -3.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 11.14% | -6.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 14.15% | -6.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 16.07% | -10.01% |
EL4P.DE vs. ELFW.DE - Expense Ratio Comparison
EL4P.DE has a 0.15% expense ratio, which is lower than ELFW.DE's 0.31% expense ratio.
Dividends
EL4P.DE vs. ELFW.DE - Dividend Comparison
EL4P.DE's dividend yield for the trailing twelve months is around 3.64%, more than ELFW.DE's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 3.64% | 2.66% | 1.83% | 1.37% | 0.39% | 0.62% | 0.83% | 1.08% | 0.64% | 1.41% | 1.80% | 2.32% |
ELFW.DE Deka MSCI World UCITS ETF Dist | 0.89% | 1.01% | 1.04% | 1.37% | 1.65% | 0.96% | 1.29% | 1.53% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EL4P.DE and ELFW.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4P.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4P.DE is cheaper with a 0.15% expense ratio, compared with 0.31% for ELFW.DE.
EL4P.DE is categorized as European Government Bonds, while ELFW.DE is Global Equities. EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10, while ELFW.DE tracks MSCI World. Their fees differ too: 0.15% for EL4P.DE and 0.31% for ELFW.DE.
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