ELF0.DE vs. EL49.DE
ELF0.DE (Deka DAX ex Financials 30 UCITS ETF) and EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) are both exchange-traded funds - ELF0.DE is a Europe Equities fund tracking the DAX® ex Financials 30, while EL49.DE is a European Corporate Bonds fund tracking the iBoxx® EUR Liquid Corporates Diversified. Both are passively managed. Over the past 10 years, ELF0.DE returned 7.55%/yr vs 0.63%/yr for EL49.DE. At a 0.17 correlation, their price movements are largely independent. ELF0.DE charges 0.30%/yr vs 0.20%/yr for EL49.DE.
Performance
ELF0.DE vs. EL49.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELF0.DE achieves a 7.39% return, which is significantly higher than EL49.DE's 0.49% return. Over the past 10 years, ELF0.DE has outperformed EL49.DE with an annualized return of 7.55%, while EL49.DE has yielded a comparatively lower 0.63% annualized return.
ELF0.DE
- 1D
- 0.23%
- 1M
- 1.13%
- YTD
- 7.39%
- 6M
- 9.09%
- 1Y
- 7.84%
- 3Y*
- 13.49%
- 5Y*
- 6.68%
- 10Y*
- 7.55%
EL49.DE
- 1D
- 0.02%
- 1M
- 0.35%
- YTD
- 0.49%
- 6M
- 0.22%
- 1Y
- 1.76%
- 3Y*
- 4.31%
- 5Y*
- -0.16%
- 10Y*
- 0.63%
ELF0.DE vs. EL49.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELF0.DE Deka DAX ex Financials 30 UCITS ETF | 7.39% | 22.31% | 11.90% | 15.27% | -18.05% | 14.05% | 5.05% | 23.64% | -20.14% | 11.11% |
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 0.49% | 2.66% | 4.06% | 7.13% | -13.01% | -1.51% | 1.80% | 5.80% | -1.28% | 0.93% |
Correlation
The correlation between ELF0.DE and EL49.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2013 | 0.17 |
Over the past year, ELF0.DE and EL49.DE have become more correlated (0.45) than their long-term average of 0.17, meaning their price movements have been converging.
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Return for Risk
ELF0.DE vs. EL49.DE — Risk / Return Rank
ELF0.DE
EL49.DE
ELF0.DE vs. EL49.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka DAX ex Financials 30 UCITS ETF (ELF0.DE) and Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.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.
| ELF0.DE | EL49.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.07 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 0.46 | +0.19 |
| Martin ratioReturn relative to average drawdown | 1.96 | 1.52 | +0.44 |
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
| ELF0.DE | EL49.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 0.36 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | -0.03 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.12 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.47 | -0.07 |
Drawdowns
ELF0.DE vs. EL49.DE - Drawdown Comparison
The maximum ELF0.DE drawdown since its inception was -40.99%, which is greater than EL49.DE's maximum drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for ELF0.DE and EL49.DE.
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Drawdown Indicators
| ELF0.DE | EL49.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -16.77% | -24.22% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -3.05% | -9.18% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -3.05% | -14.44% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -16.77% | -14.40% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | -16.77% | -24.22% |
Current DrawdownCurrent decline from peak | -1.35% | -1.87% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -8.53% | -3.21% | -5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 0.92% | +3.10% |
Volatility
ELF0.DE vs. EL49.DE - Volatility Comparison
Deka DAX ex Financials 30 UCITS ETF (ELF0.DE) has a higher volatility of 5.33% compared to Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) at 1.28%. This indicates that ELF0.DE's price experiences larger fluctuations and is considered to be riskier than EL49.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELF0.DE | EL49.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 1.28% | +4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 3.42% | +10.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.13% | 3.85% | +13.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 4.88% | +13.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 5.25% | +13.56% |
ELF0.DE vs. EL49.DE - Expense Ratio Comparison
ELF0.DE has a 0.30% expense ratio, which is higher than EL49.DE's 0.20% expense ratio.
Dividends
ELF0.DE vs. EL49.DE - Dividend Comparison
ELF0.DE's dividend yield for the trailing twelve months is around 1.66%, less than EL49.DE's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 3.49% | 3.50% | 3.24% | 3.04% | 0.75% | 0.69% | 0.69% | 0.88% | 0.75% | 1.15% | 1.52% | 1.82% |
ELF0.DE Deka DAX ex Financials 30 UCITS ETF | 1.66% | 2.10% | 2.35% | 3.01% | 2.78% | 1.58% | 1.74% | 2.22% | 2.82% | 2.24% | 2.23% | 2.18% |
Frequently Asked Questions
ELF0.DE and EL49.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL49.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL49.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for ELF0.DE.
ELF0.DE is categorized as Europe Equities, while EL49.DE is European Corporate Bonds. ELF0.DE tracks DAX® ex Financials 30, while EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified. Their fees differ too: 0.30% for ELF0.DE and 0.20% for EL49.DE.
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