ELFA.DE vs. EL49.DE
ELFA.DE (Deka EURO STOXX 50 (thesaurierend) UCITS ETF) and EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) are both exchange-traded funds - ELFA.DE is a Europe Equities fund tracking the EURO STOXX® 50, 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, ELFA.DE returned 10.55%/yr vs 0.63%/yr for EL49.DE. At a 0.19 correlation, their price movements are largely independent. ELFA.DE charges 0.15%/yr vs 0.20%/yr for EL49.DE.
Performance
ELFA.DE vs. EL49.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELFA.DE achieves a 4.66% return, which is significantly higher than EL49.DE's 0.49% return. Over the past 10 years, ELFA.DE has outperformed EL49.DE with an annualized return of 10.55%, while EL49.DE has yielded a comparatively lower 0.63% annualized return.
ELFA.DE
- 1D
- 0.96%
- 1M
- 3.30%
- YTD
- 4.66%
- 6M
- 6.14%
- 1Y
- 13.01%
- 3Y*
- 15.42%
- 5Y*
- 11.83%
- 10Y*
- 10.55%
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%
ELFA.DE vs. EL49.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELFA.DE Deka EURO STOXX 50 (thesaurierend) UCITS ETF | 4.66% | 22.03% | 13.92% | 23.28% | -10.08% | 26.68% | -3.88% | 29.78% | -11.88% | 10.02% |
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 ELFA.DE and EL49.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 20, 2015 | 0.19 |
Over the past year, ELFA.DE and EL49.DE have become more correlated (0.47) than their long-term average of 0.19, meaning their price movements have been converging.
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Return for Risk
ELFA.DE vs. EL49.DE — Risk / Return Rank
ELFA.DE
EL49.DE
ELFA.DE vs. EL49.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka EURO STOXX 50 (thesaurierend) UCITS ETF (ELFA.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.
| ELFA.DE | EL49.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.07 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.46 | +0.64 |
| Martin ratioReturn relative to average drawdown | 3.54 | 1.52 | +2.02 |
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
| ELFA.DE | EL49.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.36 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | -0.03 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.12 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.47 | -0.03 |
Drawdowns
ELFA.DE vs. EL49.DE - Drawdown Comparison
The maximum ELFA.DE drawdown since its inception was -38.14%, 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 ELFA.DE and EL49.DE.
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Drawdown Indicators
| ELFA.DE | EL49.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.14% | -16.77% | -21.37% |
Max Drawdown (1Y)Largest decline over 1 year | -12.29% | -3.05% | -9.24% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -3.05% | -13.30% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | -16.77% | -6.56% |
Max Drawdown (10Y)Largest decline over 10 years | -38.14% | -16.77% | -21.37% |
Current DrawdownCurrent decline from peak | -0.20% | -1.87% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -3.21% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 0.92% | +2.88% |
Volatility
ELFA.DE vs. EL49.DE - Volatility Comparison
Deka EURO STOXX 50 (thesaurierend) UCITS ETF (ELFA.DE) has a higher volatility of 4.91% compared to Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) at 1.28%. This indicates that ELFA.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
| ELFA.DE | EL49.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 1.28% | +3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | 3.42% | +10.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 3.85% | +13.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 4.88% | +12.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 5.25% | +14.01% |
ELFA.DE vs. EL49.DE - Expense Ratio Comparison
ELFA.DE has a 0.15% expense ratio, which is lower than EL49.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ELFA.DE vs. EL49.DE - Dividend Comparison
ELFA.DE's dividend yield for the trailing twelve months is around 2.18%, 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% |
ELFA.DE Deka EURO STOXX 50 (thesaurierend) UCITS ETF | 2.18% | 2.29% | 2.65% | 3.30% | 1.48% | 2.09% | 0.00% | 0.00% | 0.73% | 0.81% | 0.59% | 0.00% |
Frequently Asked Questions
ELFA.DE and EL49.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ELFA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ELFA.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for EL49.DE.
ELFA.DE is categorized as Europe Equities, while EL49.DE is European Corporate Bonds. ELFA.DE tracks EURO STOXX® 50, while EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified. Their fees differ too: 0.15% for ELFA.DE and 0.20% for EL49.DE.
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