EL4Y.DE vs. ELFF.DE
EL4Y.DE (Deka STOXX Europe 50 UCITS ETF) and ELFF.DE (Deka Euro Corporates 0-3 Liquid UCITS ETF ) are both exchange-traded funds - EL4Y.DE is a Europe Equities fund tracking the STOXX® Europe 50, while ELFF.DE is a European Corporate Bonds fund tracking the Solactive Euro Corporates 0-3 Year Liquid EUR. Both are passively managed. Over the past 5 years, EL4Y.DE returned 11.26%/yr vs 1.31%/yr for ELFF.DE. At a 0.13 correlation, their price movements are largely independent. EL4Y.DE charges 0.19%/yr vs 0.15%/yr for ELFF.DE.
Performance
EL4Y.DE vs. ELFF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4Y.DE achieves a 7.24% return, which is significantly higher than ELFF.DE's 0.40% return.
EL4Y.DE
- 1D
- 0.78%
- 1M
- 0.70%
- YTD
- 7.24%
- 6M
- 9.68%
- 1Y
- 16.54%
- 3Y*
- 12.17%
- 5Y*
- 11.26%
- 10Y*
- 9.26%
ELFF.DE
- 1D
- 0.13%
- 1M
- 0.17%
- YTD
- 0.40%
- 6M
- 0.45%
- 1Y
- 1.66%
- 3Y*
- 3.30%
- 5Y*
- 1.31%
- 10Y*
- —
EL4Y.DE vs. ELFF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EL4Y.DE Deka STOXX Europe 50 UCITS ETF | 7.24% | 18.13% | 7.64% | 14.59% | -1.21% | 25.48% | -6.26% | 9.36% |
ELFF.DE Deka Euro Corporates 0-3 Liquid UCITS ETF | 0.40% | 2.75% | 3.74% | 3.68% | -3.53% | -0.57% | 0.22% | -0.33% |
Correlation
The correlation between EL4Y.DE and ELFF.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019 | 0.13 |
Over the past year, EL4Y.DE and ELFF.DE have become more correlated (0.38) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
EL4Y.DE vs. ELFF.DE — Risk / Return Rank
EL4Y.DE
ELFF.DE
EL4Y.DE vs. ELFF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka STOXX Europe 50 UCITS ETF (EL4Y.DE) and Deka Euro Corporates 0-3 Liquid UCITS ETF (ELFF.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.
| EL4Y.DE | ELFF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.17 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 0.90 | +0.84 |
| Martin ratioReturn relative to average drawdown | 6.12 | 2.57 | +3.54 |
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
| EL4Y.DE | ELFF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 0.86 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.76 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.56 | +0.09 |
Drawdowns
EL4Y.DE vs. ELFF.DE - Drawdown Comparison
The maximum EL4Y.DE drawdown since its inception was -32.48%, which is greater than ELFF.DE's maximum drawdown of -4.95%. Use the drawdown chart below to compare losses from any high point for EL4Y.DE and ELFF.DE.
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Drawdown Indicators
| EL4Y.DE | ELFF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.48% | -4.95% | -27.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -1.64% | -7.83% |
Max Drawdown (3Y)Largest decline over 3 years | -17.13% | -1.64% | -15.49% |
Max Drawdown (5Y)Largest decline over 5 years | -17.13% | -4.60% | -12.53% |
Max Drawdown (10Y)Largest decline over 10 years | -32.48% | — | — |
Current DrawdownCurrent decline from peak | -1.67% | -0.72% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -1.25% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 0.57% | +2.12% |
Volatility
EL4Y.DE vs. ELFF.DE - Volatility Comparison
Deka STOXX Europe 50 UCITS ETF (EL4Y.DE) has a higher volatility of 4.38% compared to Deka Euro Corporates 0-3 Liquid UCITS ETF (ELFF.DE) at 0.54%. This indicates that EL4Y.DE's price experiences larger fluctuations and is considered to be riskier than ELFF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4Y.DE | ELFF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 0.54% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 1.51% | +9.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 1.72% | +11.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 1.70% | +12.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 1.62% | +14.12% |
EL4Y.DE vs. ELFF.DE - Expense Ratio Comparison
EL4Y.DE has a 0.19% expense ratio, which is higher than ELFF.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EL4Y.DE vs. ELFF.DE - Dividend Comparison
EL4Y.DE's dividend yield for the trailing twelve months is around 2.32%, more than ELFF.DE's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4Y.DE Deka STOXX Europe 50 UCITS ETF | 2.32% | 2.61% | 2.93% | 2.60% | 2.77% | 2.45% | 2.71% | 3.11% | 3.82% | 3.38% | 3.49% | 3.65% |
ELFF.DE Deka Euro Corporates 0-3 Liquid UCITS ETF | 1.49% | 2.67% | 1.53% | 1.48% | 1.41% | 1.99% | 1.55% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EL4Y.DE and ELFF.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ELFF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ELFF.DE is cheaper with a 0.15% expense ratio, compared with 0.19% for EL4Y.DE.
EL4Y.DE is categorized as Europe Equities, while ELFF.DE is European Corporate Bonds. EL4Y.DE tracks STOXX® Europe 50, while ELFF.DE tracks Solactive Euro Corporates 0-3 Year Liquid EUR. Their fees differ too: 0.19% for EL4Y.DE and 0.15% for ELFF.DE.
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