ELF1.DE vs. EL49.DE
ELF1.DE (Deka MDAX UCITS ETF) and EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) are both exchange-traded funds - ELF1.DE is a Europe Equities fund tracking the MDAX®, 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, ELF1.DE returned 4.24%/yr vs 0.63%/yr for EL49.DE. At a 0.22 correlation, their price movements are largely independent. ELF1.DE charges 0.30%/yr vs 0.20%/yr for EL49.DE.
Performance
ELF1.DE vs. EL49.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELF1.DE achieves a 6.68% return, which is significantly higher than EL49.DE's 0.49% return. Over the past 10 years, ELF1.DE has outperformed EL49.DE with an annualized return of 4.24%, while EL49.DE has yielded a comparatively lower 0.63% annualized return.
ELF1.DE
- 1D
- 0.16%
- 1M
- 5.14%
- YTD
- 6.68%
- 6M
- 10.35%
- 1Y
- 5.03%
- 3Y*
- 6.10%
- 5Y*
- -1.03%
- 10Y*
- 4.24%
EL49.DE
- 1D
- 0.02%
- 1M
- 0.71%
- YTD
- 0.49%
- 6M
- 0.04%
- 1Y
- 1.39%
- 3Y*
- 4.31%
- 5Y*
- -0.16%
- 10Y*
- 0.63%
ELF1.DE vs. EL49.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELF1.DE Deka MDAX UCITS ETF | 6.68% | 19.01% | -5.82% | 7.32% | -28.88% | 13.39% | 8.33% | 30.58% | -17.98% | 17.52% |
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 ELF1.DE and EL49.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 14, 2014 | 0.22 |
The correlation between ELF1.DE and EL49.DE shifts across timeframes, from 0.22 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ELF1.DE vs. EL49.DE — Risk / Return Rank
ELF1.DE
EL49.DE
ELF1.DE vs. EL49.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MDAX UCITS ETF (ELF1.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.
| ELF1.DE | EL49.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.07 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 0.46 | -0.11 |
| Martin ratioReturn relative to average drawdown | 0.94 | 1.52 | -0.58 |
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
| ELF1.DE | EL49.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.36 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | -0.03 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.12 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.47 | -0.18 |
Drawdowns
ELF1.DE vs. EL49.DE - Drawdown Comparison
The maximum ELF1.DE drawdown since its inception was -40.27%, 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 ELF1.DE and EL49.DE.
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Drawdown Indicators
| ELF1.DE | EL49.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.27% | -16.77% | -23.50% |
Max Drawdown (1Y)Largest decline over 1 year | -14.46% | -3.05% | -11.41% |
Max Drawdown (3Y)Largest decline over 3 years | -18.45% | -3.05% | -15.40% |
Max Drawdown (5Y)Largest decline over 5 years | -40.27% | -16.77% | -23.50% |
Max Drawdown (10Y)Largest decline over 10 years | -40.27% | -16.77% | -23.50% |
Current DrawdownCurrent decline from peak | -11.79% | -1.87% | -9.92% |
Average DrawdownAverage peak-to-trough decline | -12.30% | -3.21% | -9.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 0.92% | +4.38% |
Volatility
ELF1.DE vs. EL49.DE - Volatility Comparison
Deka MDAX UCITS ETF (ELF1.DE) has a higher volatility of 5.03% compared to Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) at 1.28%. This indicates that ELF1.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
| ELF1.DE | EL49.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 1.28% | +3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 15.34% | 3.42% | +11.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.70% | 3.85% | +14.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.31% | 4.88% | +14.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 5.25% | +13.08% |
ELF1.DE vs. EL49.DE - Expense Ratio Comparison
ELF1.DE has a 0.30% expense ratio, which is higher than EL49.DE's 0.20% expense ratio.
Dividends
ELF1.DE vs. EL49.DE - Dividend Comparison
ELF1.DE has not paid dividends to shareholders, while EL49.DE's dividend yield for the trailing twelve months is around 3.49%.
| 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% |
ELF1.DE Deka MDAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.48% | 0.46% | 0.44% | 0.41% |
Frequently Asked Questions
ELF1.DE and EL49.DE have a correlation of 0.41, 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 ELF1.DE.
ELF1.DE is categorized as Europe Equities, while EL49.DE is European Corporate Bonds. ELF1.DE tracks MDAX®, while EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified. Their fees differ too: 0.30% for ELF1.DE and 0.20% for EL49.DE.
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