ELFB.DE vs. EL4W.DE
ELFB.DE (Deka Oekom Euro Nachhaltigkeit UCITS ETF) and EL4W.DE (Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF) are both exchange-traded funds - ELFB.DE is a Europe Equities fund tracking the Solactive Eurozone Sustainability, while EL4W.DE is a Money Market fund tracking the Deutsche Börse EUROGOV Germany Money Market Index. Both are passively managed. Over the past 10 years, ELFB.DE returned 13.70%/yr vs 0.24%/yr for EL4W.DE. At a correlation of -0.02, they often move in opposite directions. ELFB.DE charges 0.40%/yr vs 0.12%/yr for EL4W.DE.
Performance
ELFB.DE vs. EL4W.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELFB.DE achieves a 13.16% return, which is significantly higher than EL4W.DE's 0.92% return. Over the past 10 years, ELFB.DE has outperformed EL4W.DE with an annualized return of 13.70%, while EL4W.DE has yielded a comparatively lower 0.24% annualized return.
ELFB.DE
- 1D
- -0.36%
- 1M
- 0.82%
- 6M
- 10.35%
- YTD
- 13.16%
- 1Y
- 29.29%
- 3Y*
- 25.20%
- 5Y*
- 17.65%
- 10Y*
- 13.70%
EL4W.DE
- 1D
- 0.02%
- 1M
- 0.18%
- 6M
- 0.86%
- YTD
- 0.92%
- 1Y
- 1.69%
- 3Y*
- 2.60%
- 5Y*
- 1.45%
- 10Y*
- 0.24%
ELFB.DE vs. EL4W.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELFB.DE Deka Oekom Euro Nachhaltigkeit UCITS ETF | 13.16% | 34.01% | 20.68% | 31.84% | -16.00% | 32.48% | -2.72% | 29.42% | -18.76% | 11.00% |
EL4W.DE Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF | 0.92% | 1.91% | 3.36% | 2.64% | -1.17% | -0.77% | -0.84% | -0.85% | -1.32% | -1.05% |
Correlation
The correlation between ELFB.DE and EL4W.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
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 | -0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2015 | -0.02 |
The correlation between ELFB.DE and EL4W.DE shifts across timeframes, from -0.02 (10 years) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ELFB.DE vs. EL4W.DE — Risk / Return Rank
ELFB.DE
EL4W.DE
ELFB.DE vs. EL4W.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Oekom Euro Nachhaltigkeit UCITS ETF (ELFB.DE) and Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF (EL4W.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ELFB.DE | EL4W.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.82 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 11.67 | -9.35 |
| Martin ratioReturn relative to average drawdown | 8.53 | 68.70 | -60.17 |
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Drawdowns
ELFB.DE vs. EL4W.DE - Drawdown Comparison
The maximum ELFB.DE drawdown since its inception was -42.73%, which is greater than EL4W.DE's maximum drawdown of -8.19%. Use the drawdown chart below to compare losses from any high point for ELFB.DE and EL4W.DE.
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Drawdown Indicators
| ELFB.DE | EL4W.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.73% | -8.19% | -34.54% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -0.14% | -12.41% |
Max Drawdown (3Y)Largest decline over 3 years | -16.39% | -0.64% | -15.75% |
Max Drawdown (5Y)Largest decline over 5 years | -29.58% | -1.64% | -27.94% |
Max Drawdown (10Y)Largest decline over 10 years | -42.73% | -6.23% | -36.50% |
Current DrawdownCurrent decline from peak | -2.41% | 0.00% | -2.41% |
Average DrawdownAverage peak-to-trough decline | -8.05% | -3.10% | -4.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 0.02% | +3.40% |
Volatility
ELFB.DE vs. EL4W.DE - Volatility Comparison
Deka Oekom Euro Nachhaltigkeit UCITS ETF (ELFB.DE) has a higher volatility of 4.78% compared to Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF (EL4W.DE) at 0.14%. This indicates that ELFB.DE's price experiences larger fluctuations and is considered to be riskier than EL4W.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELFB.DE | EL4W.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 0.14% | +4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 15.76% | 0.38% | +15.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.94% | 0.52% | +18.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.77% | 0.80% | +18.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.82% | 0.94% | +18.88% |
ELFB.DE vs. EL4W.DE - Expense Ratio Comparison
ELFB.DE has a 0.40% expense ratio, which is higher than EL4W.DE's 0.12% expense ratio.
Dividends
ELFB.DE vs. EL4W.DE - Dividend Comparison
ELFB.DE's dividend yield for the trailing twelve months is around 2.26%, more than EL4W.DE's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4W.DE Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF | 2.08% | 3.05% | 2.03% | 1.04% | 0.25% | 0.63% | 0.46% | 1.00% | 0.41% | 1.37% | 1.55% | 1.54% |
ELFB.DE Deka Oekom Euro Nachhaltigkeit UCITS ETF | 2.26% | 2.18% | 2.63% | 2.73% | 3.03% | 1.77% | 1.12% | 3.22% | 1.26% | 2.56% | 2.77% | 0.00% |
Frequently Asked Questions
ELFB.DE and EL4W.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4W.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4W.DE is cheaper with a 0.12% expense ratio, compared with 0.40% for ELFB.DE.
ELFB.DE is categorized as Europe Equities, while EL4W.DE is Money Market. ELFB.DE tracks Solactive Eurozone Sustainability, while EL4W.DE tracks Deutsche Börse EUROGOV Germany Money Market Index. Their fees differ too: 0.40% for ELFB.DE and 0.12% for EL4W.DE.
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