EL4V.DE vs. ELFC.DE
EL4V.DE (Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF) and ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) are both exchange-traded funds - EL4V.DE is a European Government Bonds fund tracking the Deutsche Börse EUROGOV Germany 10+ Index, 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, EL4V.DE returned -3.65%/yr vs 8.78%/yr for ELFC.DE. At a correlation of -0.09, they often move in opposite directions. EL4V.DE charges 0.15%/yr vs 0.30%/yr for ELFC.DE.
Performance
EL4V.DE vs. ELFC.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 ELFC.DE's 13.10% return. Over the past 10 years, EL4V.DE has underperformed ELFC.DE with an annualized return of -3.65%, while ELFC.DE has yielded a comparatively higher 8.78% 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%
ELFC.DE
- 1D
- 0.25%
- 1M
- -0.80%
- 6M
- 11.32%
- YTD
- 13.10%
- 1Y
- 18.20%
- 3Y*
- 11.93%
- 5Y*
- 10.61%
- 10Y*
- 8.78%
EL4V.DE vs. ELFC.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% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 13.10% | 17.70% | -0.16% | 15.74% | 1.24% | 22.31% | -7.16% | 19.92% | -4.01% | 5.62% |
Correlation
The correlation between EL4V.DE and ELFC.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2015 | -0.09 |
The correlation between EL4V.DE and ELFC.DE shifts across timeframes, from -0.09 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EL4V.DE vs. ELFC.DE — Risk / Return Rank
EL4V.DE
ELFC.DE
EL4V.DE vs. ELFC.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 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.
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 | ELFC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.86 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.30 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 2.70 | -3.19 |
| Martin ratioReturn relative to average drawdown | -0.92 | 7.31 | -8.23 |
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Drawdowns
EL4V.DE vs. ELFC.DE - Drawdown Comparison
The maximum EL4V.DE drawdown since its inception was -43.83%, which is greater than ELFC.DE's maximum drawdown of -37.68%. Use the drawdown chart below to compare losses from any high point for EL4V.DE and ELFC.DE.
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Drawdown Indicators
| EL4V.DE | ELFC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.83% | -37.68% | -6.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -6.71% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -14.80% | -15.02% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -40.13% | -16.82% | -23.31% |
Max Drawdown (10Y)Largest decline over 10 years | -43.83% | -37.68% | -6.15% |
Current DrawdownCurrent decline from peak | -42.50% | -1.19% | -41.31% |
Average DrawdownAverage peak-to-trough decline | -13.95% | -4.67% | -9.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.48% | +1.10% |
Volatility
EL4V.DE vs. ELFC.DE - Volatility Comparison
The current volatility for Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF (EL4V.DE) is 2.19%, while Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) has a volatility of 3.29%. This indicates that EL4V.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
| EL4V.DE | ELFC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 3.29% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 5.85% | 8.34% | -2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.71% | 11.04% | -3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 13.72% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.87% | 15.73% | -4.86% |
EL4V.DE vs. ELFC.DE - Expense Ratio Comparison
EL4V.DE has a 0.15% expense ratio, which is lower than ELFC.DE's 0.30% expense ratio.
Dividends
EL4V.DE vs. ELFC.DE - Dividend Comparison
EL4V.DE's dividend yield for the trailing twelve months is around 2.30%, less than ELFC.DE's 3.77% 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% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 3.77% | 4.45% | 4.66% | 4.66% | 4.91% | 3.84% | 2.83% | 3.64% | 4.20% | 3.53% | 3.55% | 0.00% |
Frequently Asked Questions
EL4V.DE and ELFC.DE have a correlation of 0.19, 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 0.30% for ELFC.DE.
EL4V.DE is categorized as European Government Bonds, while ELFC.DE is Europe Equities. EL4V.DE tracks Deutsche Börse EUROGOV Germany 10+ Index, while ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50. Their fees differ too: 0.15% for EL4V.DE and 0.30% for ELFC.DE.
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