ELFB.DE vs. ELFF.DE

Last updated Jun 5, 2026

ELFB.DE (Deka Oekom Euro Nachhaltigkeit UCITS ETF) and ELFF.DE (Deka Euro Corporates 0-3 Liquid UCITS ETF ) are both exchange-traded funds - ELFB.DE is a Europe Equities fund tracking the Solactive Eurozone Sustainability, while ELFF.DE is a European Corporate Bonds fund tracking the Solactive Euro Corporates 0-3 Year Liquid EUR. Both are passively managed. Over the past 5 years, ELFB.DE returned 16.33%/yr vs 1.31%/yr for ELFF.DE. At a 0.10 correlation, their price movements are largely independent. ELFB.DE charges 0.40%/yr vs 0.15%/yr for ELFF.DE.

Performance

ELFB.DE vs. ELFF.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka Oekom Euro Nachhaltigkeit UCITS ETF (ELFB.DE) and Deka Euro Corporates 0-3 Liquid UCITS ETF (ELFF.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELFB.DE achieves a 9.36% return, which is significantly higher than ELFF.DE's 0.40% return.

ELFB.DE

• 1D: 0.83%
• 1M: 4.04%
• YTD: 9.36%
• 6M: 11.83%
• 1Y: 23.25%
• 3Y*: 25.21%
• 5Y*: 16.33%
• 10Y*: 12.75%

ELFF.DE

• 1D: 0.13%
• 1M: 0.17%
• YTD: 0.40%
• 6M: 0.45%
• 1Y: 1.66%
• 3Y*: 3.30%
• 5Y*: 1.31%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ELFB.DE vs. ELFF.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ELFB.DE Deka Oekom Euro Nachhaltigkeit UCITS ETF	9.36%	34.04%	20.63%	31.85%	-15.46%	31.62%	-2.71%	16.06%
ELFF.DE Deka Euro Corporates 0-3 Liquid UCITS ETF	0.40%	2.75%	3.74%	3.68%	-3.53%	-0.57%	0.22%	-0.33%

Correlation

The correlation between ELFB.DE and ELFF.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019	0.10

Over the past year, ELFB.DE and ELFF.DE have become more correlated (0.37) than their long-term average of 0.10, meaning their price movements have been converging.

Return for Risk

ELFB.DE vs. ELFF.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ELFB.DE

ELFB.DE Risk / Return Rank: 39
ELFB.DE Sharpe Ratio Rank: 36
ELFB.DE Sortino Ratio Rank: 39
ELFB.DE Omega Ratio Rank: 36
ELFB.DE Calmar Ratio Rank: 40
ELFB.DE Martin Ratio Rank: 44

ELFF.DE

ELFF.DE Risk / Return Rank: 23
ELFF.DE Sharpe Ratio Rank: 25
ELFF.DE Sortino Ratio Rank: 24
ELFF.DE Omega Ratio Rank: 25
ELFF.DE Calmar Ratio Rank: 21
ELFF.DE Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ELFB.DE vs. ELFF.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 Euro Corporates 0-3 Liquid UCITS ETF (ELFF.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.

	ELFB.DE	ELFF.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.28	0.86	+0.43
Sortino ratio: Return per unit of downside risk	1.98	1.27	+0.71
Omega ratio: Gain probability vs. loss probability	1.23	1.17	+0.07
Calmar ratio: Return relative to maximum drawdown	1.93	0.90	+1.04
Martin ratio: Return relative to average drawdown	6.88	2.57	+4.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELFB.DE vs. ELFF.DE - Sharpe Ratio Comparison

The current ELFB.DE Sharpe Ratio is 1.28, which is higher than the ELFF.DE Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of ELFB.DE and ELFF.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ELFB.DE	ELFF.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	0.86	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.76	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.56	0.00

Drawdowns

ELFB.DE vs. ELFF.DE - Drawdown Comparison

The maximum ELFB.DE drawdown since its inception was -42.72%, which is greater than ELFF.DE's maximum drawdown of -4.95%. Use the drawdown chart below to compare losses from any high point for ELFB.DE and ELFF.DE.

Drawdown Indicators

	ELFB.DE	ELFF.DE	Difference
Max Drawdown Largest peak-to-trough decline	-42.72%	-4.95%	-37.77%
Max Drawdown (1Y) Largest decline over 1 year	-12.55%	-1.64%	-10.91%
Max Drawdown (3Y) Largest decline over 3 years	-16.40%	-1.64%	-14.76%
Max Drawdown (5Y) Largest decline over 5 years	-29.56%	-4.60%	-24.96%
Max Drawdown (10Y) Largest decline over 10 years	-42.72%	—	—
Current Drawdown Current decline from peak	-0.37%	-0.72%	+0.35%
Average Drawdown Average peak-to-trough decline	-7.15%	-1.25%	-5.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	0.57%	+2.96%

Volatility

ELFB.DE vs. ELFF.DE - Volatility Comparison

Deka Oekom Euro Nachhaltigkeit UCITS ETF (ELFB.DE) has a higher volatility of 5.34% compared to Deka Euro Corporates 0-3 Liquid UCITS ETF (ELFF.DE) at 0.54%. This indicates that ELFB.DE's price experiences larger fluctuations and is considered to be riskier than ELFF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELFB.DE	ELFF.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.34%	0.54%	+4.80%
Volatility (6M) Calculated over the trailing 6-month period	15.10%	1.51%	+13.59%
Volatility (1Y) Calculated over the trailing 1-year period	18.91%	1.72%	+17.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.73%	1.70%	+18.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.99%	1.62%	+19.37%

ELFB.DE vs. ELFF.DE - Expense Ratio Comparison

ELFB.DE has a 0.40% expense ratio, which is higher than ELFF.DE's 0.15% expense ratio.

Dividends

ELFB.DE vs. ELFF.DE - Dividend Comparison

ELFB.DE's dividend yield for the trailing twelve months is around 2.02%, more than ELFF.DE's 1.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ELFB.DE Deka Oekom Euro Nachhaltigkeit UCITS ETF	2.02%	2.18%	2.63%	2.73%	3.03%	1.78%	1.12%	3.22%	3.60%	2.56%	2.77%
ELFF.DE Deka Euro Corporates 0-3 Liquid UCITS ETF	1.49%	2.67%	1.53%	1.48%	1.41%	1.99%	1.55%	0.20%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ELFB.DE and ELFF.DE in my portfolio?

ELFB.DE and ELFF.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ELFB.DE or ELFF.DE?

On fees, ELFF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ELFB.DE or ELFF.DE?

ELFF.DE is cheaper with a 0.15% expense ratio, compared with 0.40% for ELFB.DE.

What is the main difference between ELFB.DE and ELFF.DE?

ELFB.DE is categorized as Europe Equities, while ELFF.DE is European Corporate Bonds. ELFB.DE tracks Solactive Eurozone Sustainability, while ELFF.DE tracks Solactive Euro Corporates 0-3 Year Liquid EUR. Their fees differ too: 0.40% for ELFB.DE and 0.15% for ELFF.DE.