EL4Q.DE vs. ELFW.DE
EL4Q.DE (Deka iBoxx EUR Liquid Sovereign Diversified 10+ UCITS ETF) and ELFW.DE (Deka MSCI World UCITS ETF Dist) are both exchange-traded funds - EL4Q.DE is a European Government Bonds fund tracking the iBoxx EUR Liquid Sovereign Diversified 10+ Index, while ELFW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, EL4Q.DE returned -8.69%/yr vs 11.92%/yr for ELFW.DE. At a 0.05 correlation, their price movements are largely independent. EL4Q.DE charges 0.15%/yr vs 0.31%/yr for ELFW.DE.
Performance
EL4Q.DE vs. ELFW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4Q.DE achieves a -0.80% return, which is significantly lower than ELFW.DE's 12.73% return.
EL4Q.DE
- 1D
- -0.38%
- 1M
- -1.97%
- 6M
- -1.68%
- YTD
- -0.80%
- 1Y
- -0.76%
- 3Y*
- -0.02%
- 5Y*
- -8.69%
- 10Y*
- -2.50%
ELFW.DE
- 1D
- 0.16%
- 1M
- 1.57%
- 6M
- 11.09%
- YTD
- 12.73%
- 1Y
- 23.36%
- 3Y*
- 17.86%
- 5Y*
- 11.92%
- 10Y*
- —
EL4Q.DE vs. ELFW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EL4Q.DE Deka iBoxx EUR Liquid Sovereign Diversified 10+ UCITS ETF | -0.80% | -4.72% | -1.64% | 9.77% | -36.18% | -7.93% | 13.24% | 19.50% | 1.65% |
ELFW.DE Deka MSCI World UCITS ETF Dist | 12.73% | 7.58% | 25.72% | 19.97% | -14.02% | 31.86% | 5.46% | 30.28% | -10.83% |
Correlation
The correlation between EL4Q.DE and ELFW.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018 | 0.05 |
Over the past year, EL4Q.DE and ELFW.DE have become more correlated (0.34) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
EL4Q.DE vs. ELFW.DE — Risk / Return Rank
EL4Q.DE
ELFW.DE
EL4Q.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 10+ UCITS ETF (EL4Q.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EL4Q.DE | ELFW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.12 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.38 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 3.48 | -3.59 |
| Martin ratioReturn relative to average drawdown | -0.23 | 13.90 | -14.14 |
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Drawdowns
EL4Q.DE vs. ELFW.DE - Drawdown Comparison
The maximum EL4Q.DE drawdown since its inception was -47.27%, which is greater than ELFW.DE's maximum drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for EL4Q.DE and ELFW.DE.
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Drawdown Indicators
| EL4Q.DE | ELFW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.27% | -33.58% | -13.69% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -6.68% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -13.02% | -21.81% | +8.79% |
Max Drawdown (5Y)Largest decline over 5 years | -45.32% | -21.81% | -23.51% |
Max Drawdown (10Y)Largest decline over 10 years | -47.27% | — | — |
Current DrawdownCurrent decline from peak | -40.57% | -0.09% | -40.48% |
Average DrawdownAverage peak-to-trough decline | -13.51% | -4.64% | -8.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 1.68% | +1.07% |
Volatility
EL4Q.DE vs. ELFW.DE - Volatility Comparison
Deka iBoxx EUR Liquid Sovereign Diversified 10+ UCITS ETF (EL4Q.DE) and Deka MSCI World UCITS ETF Dist (ELFW.DE) have volatilities of 2.32% and 2.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4Q.DE | ELFW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 2.43% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 6.72% | 8.02% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.58% | 11.40% | -2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.69% | 14.18% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.57% | 15.95% | -3.38% |
EL4Q.DE vs. ELFW.DE - Expense Ratio Comparison
EL4Q.DE has a 0.15% expense ratio, which is lower than ELFW.DE's 0.31% expense ratio.
Dividends
EL4Q.DE vs. ELFW.DE - Dividend Comparison
EL4Q.DE's dividend yield for the trailing twelve months is around 3.29%, more than ELFW.DE's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4Q.DE Deka iBoxx EUR Liquid Sovereign Diversified 10+ UCITS ETF | 3.29% | 2.65% | 1.77% | 1.93% | 1.40% | 1.18% | 1.30% | 1.67% | 1.49% | 2.64% | 2.40% | 2.69% |
ELFW.DE Deka MSCI World UCITS ETF Dist | 0.87% | 1.01% | 1.04% | 1.37% | 1.66% | 0.96% | 1.29% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EL4Q.DE and ELFW.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4Q.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4Q.DE is cheaper with a 0.15% expense ratio, compared with 0.31% for ELFW.DE.
EL4Q.DE is categorized as European Government Bonds, while ELFW.DE is Global Equities. EL4Q.DE tracks iBoxx EUR Liquid Sovereign Diversified 10+ Index, while ELFW.DE tracks MSCI World. Their fees differ too: 0.15% for EL4Q.DE and 0.31% for ELFW.DE.
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