ELF0.DE vs. EL4S.DE
ELF0.DE (Deka DAX ex Financials 30 UCITS ETF) and EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) are both exchange-traded funds - ELF0.DE is a Europe Equities fund tracking the DAX® ex Financials 30, while EL4S.DE is a European Government Bonds fund tracking the Deutsche Börse EUROGOV® Germany 1-3. Both are passively managed. Over the past 10 years, ELF0.DE returned 7.55%/yr vs -0.20%/yr for EL4S.DE. At a correlation of -0.06, they often move in opposite directions. ELF0.DE charges 0.30%/yr vs 0.15%/yr for EL4S.DE.
Performance
ELF0.DE vs. EL4S.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 EL4S.DE's 0.11% return. Over the past 10 years, ELF0.DE has outperformed EL4S.DE with an annualized return of 7.55%, while EL4S.DE has yielded a comparatively lower -0.20% 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%
EL4S.DE
- 1D
- 0.02%
- 1M
- 0.06%
- YTD
- 0.11%
- 6M
- 0.17%
- 1Y
- 0.70%
- 3Y*
- 2.24%
- 5Y*
- 0.36%
- 10Y*
- -0.20%
ELF0.DE vs. EL4S.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% |
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 0.11% | 1.65% | 2.75% | 2.51% | -4.56% | -0.97% | -0.79% | -0.83% | -0.57% | -1.08% |
Correlation
The correlation between ELF0.DE and EL4S.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2013 | -0.06 |
The correlation between ELF0.DE and EL4S.DE shifts across timeframes, from -0.06 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ELF0.DE vs. EL4S.DE — Risk / Return Rank
ELF0.DE
EL4S.DE
ELF0.DE vs. EL4S.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 Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.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 | EL4S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.10 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 0.58 | +0.06 |
| Martin ratioReturn relative to average drawdown | 1.96 | 1.87 | +0.09 |
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 | EL4S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 0.54 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.24 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | -0.18 | +0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | -0.30 | +0.71 |
Drawdowns
ELF0.DE vs. EL4S.DE - Drawdown Comparison
The maximum ELF0.DE drawdown since its inception was -40.99%, which is greater than EL4S.DE's maximum drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for ELF0.DE and EL4S.DE.
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Drawdown Indicators
| ELF0.DE | EL4S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -13.04% | -27.95% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -1.03% | -11.20% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -1.03% | -16.46% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -5.86% | -25.31% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | -9.46% | -31.53% |
Current DrawdownCurrent decline from peak | -1.35% | -6.04% | +4.69% |
Average DrawdownAverage peak-to-trough decline | -8.53% | -5.87% | -2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 0.32% | +3.70% |
Volatility
ELF0.DE vs. EL4S.DE - Volatility Comparison
Deka DAX ex Financials 30 UCITS ETF (ELF0.DE) has a higher volatility of 5.33% compared to Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) at 0.44%. This indicates that ELF0.DE's price experiences larger fluctuations and is considered to be riskier than EL4S.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 | EL4S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 0.44% | +4.89% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 0.97% | +13.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.13% | 1.10% | +16.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 1.46% | +16.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 1.12% | +17.69% |
ELF0.DE vs. EL4S.DE - Expense Ratio Comparison
ELF0.DE has a 0.30% expense ratio, which is higher than EL4S.DE's 0.15% expense ratio.
Dividends
ELF0.DE vs. EL4S.DE - Dividend Comparison
ELF0.DE's dividend yield for the trailing twelve months is around 1.66%, more than EL4S.DE's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 1.48% | 1.20% | 0.83% | 0.60% | 0.88% | 0.94% | 0.78% | 1.06% | 0.99% | 1.63% | 1.46% | 1.60% |
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 EL4S.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4S.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4S.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for ELF0.DE.
ELF0.DE is categorized as Europe Equities, while EL4S.DE is European Government Bonds. ELF0.DE tracks DAX® ex Financials 30, while EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3. Their fees differ too: 0.30% for ELF0.DE and 0.15% for EL4S.DE.
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