ELFA.DE vs. EL4S.DE
ELFA.DE (Deka EURO STOXX 50 (thesaurierend) UCITS ETF) and EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) are both exchange-traded funds - ELFA.DE is a Europe Equities fund tracking the EURO STOXX® 50, 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, ELFA.DE returned 10.55%/yr vs -0.20%/yr for EL4S.DE. At a correlation of -0.08, they often move in opposite directions. Both charge a 0.15% expense ratio.
Performance
ELFA.DE vs. EL4S.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 EL4S.DE's 0.11% return. Over the past 10 years, ELFA.DE has outperformed EL4S.DE with an annualized return of 10.55%, while EL4S.DE has yielded a comparatively lower -0.20% 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%
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%
ELFA.DE vs. EL4S.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% |
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 ELFA.DE and EL4S.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since May 20, 2015 | -0.08 |
The correlation between ELFA.DE and EL4S.DE shifts across timeframes, from -0.08 (10 years) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ELFA.DE vs. EL4S.DE — Risk / Return Rank
ELFA.DE
EL4S.DE
ELFA.DE vs. EL4S.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 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.
| ELFA.DE | EL4S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.10 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.58 | +0.51 |
| Martin ratioReturn relative to average drawdown | 3.54 | 1.87 | +1.67 |
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 | EL4S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.54 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.24 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | -0.18 | +0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | -0.30 | +0.75 |
Drawdowns
ELFA.DE vs. EL4S.DE - Drawdown Comparison
The maximum ELFA.DE drawdown since its inception was -38.14%, 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 ELFA.DE and EL4S.DE.
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Drawdown Indicators
| ELFA.DE | EL4S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.14% | -13.04% | -25.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.29% | -1.03% | -11.26% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -1.03% | -15.32% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | -5.86% | -17.47% |
Max Drawdown (10Y)Largest decline over 10 years | -38.14% | -9.46% | -28.68% |
Current DrawdownCurrent decline from peak | -0.20% | -6.04% | +5.84% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -5.87% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 0.32% | +3.48% |
Volatility
ELFA.DE vs. EL4S.DE - Volatility Comparison
Deka EURO STOXX 50 (thesaurierend) UCITS ETF (ELFA.DE) has a higher volatility of 4.91% compared to Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) at 0.44%. This indicates that ELFA.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
| ELFA.DE | EL4S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 0.44% | +4.47% |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | 0.97% | +12.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 1.10% | +16.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 1.46% | +16.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 1.12% | +18.14% |
ELFA.DE vs. EL4S.DE - Expense Ratio Comparison
Both ELFA.DE and EL4S.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ELFA.DE vs. EL4S.DE - Dividend Comparison
ELFA.DE's dividend yield for the trailing twelve months is around 2.18%, 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% |
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 EL4S.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ELFA.DE and EL4S.DE have the same expense ratio: 0.15% per year.
ELFA.DE is categorized as Europe Equities, while EL4S.DE is European Government Bonds. ELFA.DE tracks EURO STOXX® 50, while EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3.
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