EL4R.DE vs. ELFC.DE
EL4R.DE (Deka Deutsche Boerse EUROGOV Germany UCITS ETF) and ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) are both exchange-traded funds - EL4R.DE is a European Government Bonds fund tracking the Deutsche Börse EUROGOV® Germany 1-10, while ELFC.DE is a Europe Equities fund tracking the EURO iSTOXX® ex Financials High Dividend 50. Both are passively managed. Over the past 10 years, EL4R.DE returned -0.83%/yr vs 8.86%/yr for ELFC.DE. At a correlation of -0.06, they often move in opposite directions. EL4R.DE charges 0.15%/yr vs 0.30%/yr for ELFC.DE.
Performance
EL4R.DE vs. ELFC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4R.DE achieves a -0.04% return, which is significantly lower than ELFC.DE's 12.62% return. Over the past 10 years, EL4R.DE has underperformed ELFC.DE with an annualized return of -0.83%, while ELFC.DE has yielded a comparatively higher 8.86% annualized return.
EL4R.DE
- 1D
- 0.08%
- 1M
- -0.00%
- YTD
- -0.04%
- 6M
- -0.14%
- 1Y
- 0.07%
- 3Y*
- 1.66%
- 5Y*
- -1.76%
- 10Y*
- -0.83%
ELFC.DE
- 1D
- -0.33%
- 1M
- -0.31%
- YTD
- 12.62%
- 6M
- 11.95%
- 1Y
- 20.69%
- 3Y*
- 12.09%
- 5Y*
- 10.14%
- 10Y*
- 8.86%
EL4R.DE vs. ELFC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4R.DE Deka Deutsche Boerse EUROGOV Germany UCITS ETF | -0.04% | 0.60% | 1.24% | 4.55% | -13.39% | -2.08% | 0.94% | 0.91% | 1.03% | -1.08% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 12.62% | 17.73% | -0.16% | 15.69% | 1.54% | 21.96% | -7.15% | 19.94% | -4.03% | 6.11% |
Correlation
The correlation between EL4R.DE and ELFC.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | -0.06 |
The correlation between EL4R.DE and ELFC.DE shifts across timeframes, from -0.06 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EL4R.DE vs. ELFC.DE — Risk / Return Rank
EL4R.DE
ELFC.DE
EL4R.DE vs. ELFC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Deutsche Boerse EUROGOV Germany UCITS ETF (EL4R.DE) and Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.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.
| EL4R.DE | ELFC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.33 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 3.00 | -3.12 |
| Martin ratioReturn relative to average drawdown | -0.29 | 8.42 | -8.71 |
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
| EL4R.DE | ELFC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 1.81 | -1.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | 0.73 | -1.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.24 | 0.56 | -0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.55 | -0.31 |
Drawdowns
EL4R.DE vs. ELFC.DE - Drawdown Comparison
The maximum EL4R.DE drawdown since its inception was -18.11%, smaller than the maximum ELFC.DE drawdown of -37.68%. Use the drawdown chart below to compare losses from any high point for EL4R.DE and ELFC.DE.
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Drawdown Indicators
| EL4R.DE | ELFC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.11% | -37.68% | +19.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -6.71% | +4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -2.76% | -15.02% | +12.26% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -16.85% | +0.68% |
Max Drawdown (10Y)Largest decline over 10 years | -18.11% | -37.68% | +19.57% |
Current DrawdownCurrent decline from peak | -11.63% | -1.60% | -10.03% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -4.70% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 2.39% | -1.40% |
Volatility
EL4R.DE vs. ELFC.DE - Volatility Comparison
The current volatility for Deka Deutsche Boerse EUROGOV Germany UCITS ETF (EL4R.DE) is 1.25%, while Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) has a volatility of 2.62%. This indicates that EL4R.DE experiences smaller price fluctuations and is considered to be less risky than ELFC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4R.DE | ELFC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 2.62% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 8.07% | -5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.04% | 11.12% | -8.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.65% | 13.76% | -9.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.74% | 16.40% | -12.66% |
EL4R.DE vs. ELFC.DE - Expense Ratio Comparison
EL4R.DE has a 0.15% expense ratio, which is lower than ELFC.DE's 0.30% expense ratio.
Dividends
EL4R.DE vs. ELFC.DE - Dividend Comparison
EL4R.DE's dividend yield for the trailing twelve months is around 1.20%, less than ELFC.DE's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4R.DE Deka Deutsche Boerse EUROGOV Germany UCITS ETF | 1.20% | 1.12% | 0.66% | 0.26% | 0.16% | 0.25% | 0.35% | 0.62% | 0.74% | 1.62% | 2.14% | 2.60% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 4.08% | 4.45% | 4.66% | 4.66% | 4.91% | 3.85% | 2.83% | 3.64% | 4.20% | 3.53% | 3.57% | 0.00% |
Frequently Asked Questions
EL4R.DE and ELFC.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4R.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4R.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for ELFC.DE.
EL4R.DE is categorized as European Government Bonds, while ELFC.DE is Europe Equities. EL4R.DE tracks Deutsche Börse EUROGOV® Germany 1-10, while ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50. Their fees differ too: 0.15% for EL4R.DE and 0.30% for ELFC.DE.
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