ELDFX vs. ELFNX

Last updated Jun 4, 2026

ELDFX (Elfun Diversified Fund) and ELFNX (Elfun Trusts) are both mutual funds - ELDFX is a Diversified Portfolio fund managed by State Street, while ELFNX is a Large Cap Growth Equities fund managed by State Street. Over the past 10 years, ELDFX returned 8.82%/yr vs 16.53%/yr for ELFNX. Their correlation of 0.91 suggests significant overlap in exposure. ELDFX charges 0.33%/yr vs 0.18%/yr for ELFNX.

Performance

ELDFX vs. ELFNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Elfun Diversified Fund (ELDFX) and Elfun Trusts (ELFNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELDFX achieves a 7.78% return, which is significantly higher than ELFNX's 6.95% return. Over the past 10 years, ELDFX has underperformed ELFNX with an annualized return of 8.82%, while ELFNX has yielded a comparatively higher 16.53% annualized return.

ELDFX

• 1D: 0.21%
• 1M: 3.54%
• YTD: 7.78%
• 6M: 8.45%
• 1Y: 20.04%
• 3Y*: 14.98%
• 5Y*: 7.75%
• 10Y*: 8.82%

ELFNX

• 1D: -0.40%
• 1M: 3.93%
• YTD: 6.95%
• 6M: 6.94%
• 1Y: 24.44%
• 3Y*: 22.47%
• 5Y*: 13.32%
• 10Y*: 16.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ELDFX vs. ELFNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ELDFX Elfun Diversified Fund	7.78%	17.04%	11.55%	16.13%	-15.33%	11.62%	12.25%	19.60%	-5.50%	15.40%
ELFNX Elfun Trusts	6.95%	16.64%	26.91%	34.50%	-19.91%	24.46%	25.18%	35.57%	-3.25%	25.60%

Correlation

The correlation between ELDFX and ELFNX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jan 4, 1988	0.91

The correlation between ELDFX and ELFNX has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

ELDFX vs. ELFNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ELDFX

ELDFX Risk / Return Rank: 69
ELDFX Sharpe Ratio Rank: 74
ELDFX Sortino Ratio Rank: 72
ELDFX Omega Ratio Rank: 74
ELDFX Calmar Ratio Rank: 58
ELDFX Martin Ratio Rank: 66

ELFNX

ELFNX Risk / Return Rank: 42
ELFNX Sharpe Ratio Rank: 47
ELFNX Sortino Ratio Rank: 44
ELFNX Omega Ratio Rank: 43
ELFNX Calmar Ratio Rank: 34
ELFNX Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ELDFX vs. ELFNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Elfun Diversified Fund (ELDFX) and Elfun Trusts (ELFNX). 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.

	ELDFX	ELFNX	Difference
Sharpe ratio Return per unit of total volatility	2.50	2.02	+0.48
Sortino ratio Return per unit of downside risk	3.54	2.76	+0.78
Omega ratio Gain probability vs. loss probability	1.48	1.36	+0.13
Calmar ratio Return relative to maximum drawdown	2.92	2.21	+0.71
Martin ratio Return relative to average drawdown	12.80	9.03	+3.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELDFX vs. ELFNX - Sharpe Ratio Comparison

The current ELDFX Sharpe Ratio is 2.50, which is comparable to the ELFNX Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of ELDFX and ELFNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ELDFX	ELFNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.02	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.75	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	0.90	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.60	+0.05

Drawdowns

ELDFX vs. ELFNX - Drawdown Comparison

The maximum ELDFX drawdown since its inception was -40.54%, smaller than the maximum ELFNX drawdown of -50.28%. Use the drawdown chart below to compare losses from any high point for ELDFX and ELFNX.

Drawdown Indicators

	ELDFX	ELFNX	Difference
Max Drawdown Largest peak-to-trough decline	-40.54%	-50.28%	+9.74%
Max Drawdown (1Y) Largest decline over 1 year	-6.92%	-11.40%	+4.48%
Max Drawdown (3Y) Largest decline over 3 years	-9.57%	-19.58%	+10.01%
Max Drawdown (5Y) Largest decline over 5 years	-21.52%	-26.39%	+4.87%
Max Drawdown (10Y) Largest decline over 10 years	-22.95%	-32.44%	+9.49%
Current Drawdown Current decline from peak	0.00%	-0.40%	+0.40%
Average Drawdown Average peak-to-trough decline	-4.65%	-7.63%	+2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.58%	2.78%	-1.20%

Volatility

ELDFX vs. ELFNX - Volatility Comparison

The current volatility for Elfun Diversified Fund (ELDFX) is 2.46%, while Elfun Trusts (ELFNX) has a volatility of 2.94%. This indicates that ELDFX experiences smaller price fluctuations and is considered to be less risky than ELFNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELDFX	ELFNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	2.94%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	6.53%	9.46%	-2.93%
Volatility (1Y) Calculated over the trailing 1-year period	8.10%	12.49%	-4.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.06%	17.89%	-7.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.16%	18.38%	-8.22%

ELDFX vs. ELFNX - Expense Ratio Comparison

ELDFX has a 0.33% expense ratio, which is higher than ELFNX's 0.18% expense ratio.

Dividends

ELDFX vs. ELFNX - Dividend Comparison

ELDFX's dividend yield for the trailing twelve months is around 7.20%, less than ELFNX's 9.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ELDFX Elfun Diversified Fund	7.20%	7.77%	6.38%	2.56%	7.89%	7.91%	4.54%	4.17%	3.24%	11.08%	3.06%	6.01%
ELFNX Elfun Trusts	9.23%	9.87%	10.43%	2.90%	9.01%	11.62%	8.60%	9.39%	16.18%	10.80%	8.85%	8.22%

Frequently Asked Questions

Can I hold both ELDFX and ELFNX in my portfolio?

ELDFX and ELFNX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ELDFX or ELFNX?

ELFNX has higher volatility (2.94%) compared to ELDFX (2.46%). In terms of maximum drawdown, ELDFX dropped -40.54% vs ELFNX's -50.28%.

Which has better risk-adjusted returns?

ELDFX currently has the higher Sharpe Ratio (2.50 vs 2.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.