EL4V.DE vs. ELFB.DE
EL4V.DE (Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF) and ELFB.DE (Deka Oekom Euro Nachhaltigkeit UCITS ETF) are both exchange-traded funds - EL4V.DE is a European Government Bonds fund tracking the Deutsche Börse EUROGOV Germany 10+ Index, while ELFB.DE is a Europe Equities fund tracking the Solactive Eurozone Sustainability. Both are passively managed. Over the past 10 years, EL4V.DE returned -3.65%/yr vs 13.70%/yr for ELFB.DE. At a correlation of -0.16, they often move in opposite directions. EL4V.DE charges 0.15%/yr vs 0.40%/yr for ELFB.DE.
Performance
EL4V.DE vs. ELFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4V.DE achieves a -0.97% return, which is significantly lower than ELFB.DE's 13.16% return. Over the past 10 years, EL4V.DE has underperformed ELFB.DE with an annualized return of -3.65%, while ELFB.DE has yielded a comparatively higher 13.70% annualized return.
EL4V.DE
- 1D
- -0.29%
- 1M
- -1.59%
- 6M
- -1.93%
- YTD
- -0.97%
- 1Y
- -3.20%
- 3Y*
- -2.20%
- 5Y*
- -8.68%
- 10Y*
- -3.65%
ELFB.DE
- 1D
- -0.36%
- 1M
- 0.82%
- 6M
- 10.35%
- YTD
- 13.16%
- 1Y
- 29.29%
- 3Y*
- 25.20%
- 5Y*
- 17.65%
- 10Y*
- 13.70%
EL4V.DE vs. ELFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4V.DE Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF | -0.97% | -8.19% | -2.86% | 6.90% | -32.41% | -4.81% | 7.99% | 9.21% | 6.28% | -4.39% |
ELFB.DE Deka Oekom Euro Nachhaltigkeit UCITS ETF | 13.16% | 34.01% | 20.68% | 31.84% | -16.00% | 32.48% | -2.72% | 29.42% | -18.76% | 11.00% |
Correlation
The correlation between EL4V.DE and ELFB.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2015 | -0.16 |
The correlation between EL4V.DE and ELFB.DE shifts across timeframes, from -0.16 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EL4V.DE vs. ELFB.DE — Risk / Return Rank
EL4V.DE
ELFB.DE
EL4V.DE vs. ELFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF (EL4V.DE) and Deka Oekom Euro Nachhaltigkeit UCITS ETF (ELFB.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.
| EL4V.DE | ELFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.84 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.28 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 2.32 | -2.82 |
| Martin ratioReturn relative to average drawdown | -0.92 | 8.53 | -9.45 |
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Drawdowns
EL4V.DE vs. ELFB.DE - Drawdown Comparison
The maximum EL4V.DE drawdown since its inception was -43.83%, roughly equal to the maximum ELFB.DE drawdown of -42.73%. Use the drawdown chart below to compare losses from any high point for EL4V.DE and ELFB.DE.
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Drawdown Indicators
| EL4V.DE | ELFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.83% | -42.73% | -1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -12.55% | +5.92% |
Max Drawdown (3Y)Largest decline over 3 years | -14.80% | -16.39% | +1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -40.13% | -29.58% | -10.55% |
Max Drawdown (10Y)Largest decline over 10 years | -43.83% | -42.73% | -1.10% |
Current DrawdownCurrent decline from peak | -42.50% | -2.41% | -40.09% |
Average DrawdownAverage peak-to-trough decline | -13.95% | -8.05% | -5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 3.42% | +0.16% |
Volatility
EL4V.DE vs. ELFB.DE - Volatility Comparison
The current volatility for Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF (EL4V.DE) is 2.19%, while Deka Oekom Euro Nachhaltigkeit UCITS ETF (ELFB.DE) has a volatility of 4.78%. This indicates that EL4V.DE experiences smaller price fluctuations and is considered to be less risky than ELFB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4V.DE | ELFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 4.78% | -2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 5.85% | 15.76% | -9.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.71% | 18.94% | -11.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 19.77% | -7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.87% | 19.82% | -8.95% |
EL4V.DE vs. ELFB.DE - Expense Ratio Comparison
EL4V.DE has a 0.15% expense ratio, which is lower than ELFB.DE's 0.40% expense ratio.
Dividends
EL4V.DE vs. ELFB.DE - Dividend Comparison
EL4V.DE's dividend yield for the trailing twelve months is around 2.30%, more than ELFB.DE's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4V.DE Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF | 2.30% | 2.06% | 2.00% | 2.29% | 2.45% | 1.79% | 1.84% | 2.06% | 2.35% | 1.03% | 2.57% | 2.79% |
ELFB.DE Deka Oekom Euro Nachhaltigkeit UCITS ETF | 2.26% | 2.18% | 2.63% | 2.73% | 3.03% | 1.77% | 1.12% | 3.22% | 1.26% | 2.56% | 2.77% | 0.00% |
Frequently Asked Questions
EL4V.DE and ELFB.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4V.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4V.DE is cheaper with a 0.15% expense ratio, compared with 0.40% for ELFB.DE.
EL4V.DE is categorized as European Government Bonds, while ELFB.DE is Europe Equities. EL4V.DE tracks Deutsche Börse EUROGOV Germany 10+ Index, while ELFB.DE tracks Solactive Eurozone Sustainability. Their fees differ too: 0.15% for EL4V.DE and 0.40% for ELFB.DE.
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