EL4S.DE vs. ELF1.DE
EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) and ELF1.DE (Deka MDAX UCITS ETF) are both exchange-traded funds - EL4S.DE is a European Government Bonds fund tracking the Deutsche Börse EUROGOV® Germany 1-3, while ELF1.DE is a Europe Equities fund tracking the MDAX®. Both are passively managed. Over the past 10 years, EL4S.DE returned -0.20%/yr vs 4.24%/yr for ELF1.DE. At a correlation of -0.04, they often move in opposite directions. EL4S.DE charges 0.15%/yr vs 0.30%/yr for ELF1.DE.
Performance
EL4S.DE vs. ELF1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4S.DE achieves a 0.11% return, which is significantly lower than ELF1.DE's 6.68% return. Over the past 10 years, EL4S.DE has underperformed ELF1.DE with an annualized return of -0.20%, while ELF1.DE has yielded a comparatively higher 4.24% annualized return.
EL4S.DE
- 1D
- 0.02%
- 1M
- 0.23%
- YTD
- 0.11%
- 6M
- 0.14%
- 1Y
- 0.60%
- 3Y*
- 2.24%
- 5Y*
- 0.36%
- 10Y*
- -0.20%
ELF1.DE
- 1D
- 0.16%
- 1M
- 5.14%
- YTD
- 6.68%
- 6M
- 10.35%
- 1Y
- 5.03%
- 3Y*
- 6.10%
- 5Y*
- -1.03%
- 10Y*
- 4.24%
EL4S.DE vs. ELF1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 0.11% | 1.65% | 2.75% | 2.51% | -4.56% | -0.97% | -0.79% | -0.83% | -0.57% | -1.08% |
ELF1.DE Deka MDAX UCITS ETF | 6.68% | 19.01% | -5.82% | 7.32% | -28.88% | 13.39% | 8.33% | 30.58% | -17.98% | 17.52% |
Correlation
The correlation between EL4S.DE and ELF1.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since May 14, 2014 | -0.04 |
The correlation between EL4S.DE and ELF1.DE shifts across timeframes, from -0.04 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EL4S.DE vs. ELF1.DE — Risk / Return Rank
EL4S.DE
ELF1.DE
EL4S.DE vs. ELF1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) and Deka MDAX UCITS ETF (ELF1.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.
| EL4S.DE | ELF1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.06 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 0.35 | +0.24 |
| Martin ratioReturn relative to average drawdown | 1.87 | 0.94 | +0.93 |
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
| EL4S.DE | ELF1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.27 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | -0.05 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.18 | 0.23 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | 0.29 | -0.59 |
Drawdowns
EL4S.DE vs. ELF1.DE - Drawdown Comparison
The maximum EL4S.DE drawdown since its inception was -13.04%, smaller than the maximum ELF1.DE drawdown of -40.27%. Use the drawdown chart below to compare losses from any high point for EL4S.DE and ELF1.DE.
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Drawdown Indicators
| EL4S.DE | ELF1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.04% | -40.27% | +27.23% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -14.46% | +13.43% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -18.45% | +17.42% |
Max Drawdown (5Y)Largest decline over 5 years | -5.86% | -40.27% | +34.41% |
Max Drawdown (10Y)Largest decline over 10 years | -9.46% | -40.27% | +30.81% |
Current DrawdownCurrent decline from peak | -6.04% | -11.79% | +5.75% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -12.30% | +6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 5.30% | -4.98% |
Volatility
EL4S.DE vs. ELF1.DE - Volatility Comparison
The current volatility for Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) is 0.44%, while Deka MDAX UCITS ETF (ELF1.DE) has a volatility of 5.03%. This indicates that EL4S.DE experiences smaller price fluctuations and is considered to be less risky than ELF1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4S.DE | ELF1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 5.03% | -4.59% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 15.34% | -14.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.10% | 18.70% | -17.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.46% | 19.31% | -17.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.12% | 18.33% | -17.21% |
EL4S.DE vs. ELF1.DE - Expense Ratio Comparison
EL4S.DE has a 0.15% expense ratio, which is lower than ELF1.DE's 0.30% expense ratio.
Dividends
EL4S.DE vs. ELF1.DE - Dividend Comparison
EL4S.DE's dividend yield for the trailing twelve months is around 1.48%, while ELF1.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 1.48% | 1.20% | 0.83% | 0.60% | 0.88% | 0.94% | 0.78% | 1.06% | 0.99% | 1.63% | 1.46% | 1.60% |
ELF1.DE Deka MDAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.48% | 0.46% | 0.44% | 0.41% |
Frequently Asked Questions
EL4S.DE and ELF1.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4S.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4S.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for ELF1.DE.
EL4S.DE is categorized as European Government Bonds, while ELF1.DE is Europe Equities. EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3, while ELF1.DE tracks MDAX®. Their fees differ too: 0.15% for EL4S.DE and 0.30% for ELF1.DE.
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