ELFE.DE vs. EL46.DE

Last updated Jun 5, 2026

ELFE.DE (Deka US Treasury 7-10 UCITS ETF ) and EL46.DE (Deka MSCI China ex A Shares UCITS ETF) are both exchange-traded funds - ELFE.DE is a Government Bonds fund tracking the Solactive US Treasury 7-10 Q Series USD, while EL46.DE is a China Equities fund tracking the MSCI China ex A Shares. Both are passively managed. Over the past 5 years, ELFE.DE returned 0.02%/yr vs -5.27%/yr for EL46.DE. At a correlation of -0.11, they often move in opposite directions. ELFE.DE charges 0.07%/yr vs 0.66%/yr for EL46.DE.

Performance

ELFE.DE vs. EL46.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka US Treasury 7-10 UCITS ETF (ELFE.DE) and Deka MSCI China ex A Shares UCITS ETF (EL46.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELFE.DE achieves a 0.55% return, which is significantly higher than EL46.DE's -10.01% return.

ELFE.DE

• 1D: 0.13%
• 1M: 0.62%
• YTD: 0.55%
• 6M: -0.26%
• 1Y: 1.89%
• 3Y*: -0.01%
• 5Y*: 0.02%
• 10Y*: —

EL46.DE

• 1D: -0.11%
• 1M: -3.80%
• YTD: -10.01%
• 6M: -12.17%
• 1Y: -2.40%
• 3Y*: 6.90%
• 5Y*: -5.27%
• 10Y*: 3.87%

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

ELFE.DE vs. EL46.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ELFE.DE Deka US Treasury 7-10 UCITS ETF	0.55%	-3.68%	5.37%	0.04%	-9.38%	5.11%	-0.09%	-4.86%
EL46.DE Deka MSCI China ex A Shares UCITS ETF	-10.01%	17.77%	27.71%	-14.54%	-13.52%	-21.82%	14.00%	13.44%

Correlation

The correlation between ELFE.DE and EL46.DE is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	-0.10
Correlation (5Y) Calculated over the trailing 5-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019	-0.11

Return for Risk

ELFE.DE vs. EL46.DE — Risk / Return Rank

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

ELFE.DE

ELFE.DE Risk / Return Rank: 13
ELFE.DE Sharpe Ratio Rank: 14
ELFE.DE Sortino Ratio Rank: 13
ELFE.DE Omega Ratio Rank: 13
ELFE.DE Calmar Ratio Rank: 14
ELFE.DE Martin Ratio Rank: 14

EL46.DE

EL46.DE Risk / Return Rank: 8
EL46.DE Sharpe Ratio Rank: 8
EL46.DE Sortino Ratio Rank: 8
EL46.DE Omega Ratio Rank: 8
EL46.DE Calmar Ratio Rank: 8
EL46.DE Martin Ratio Rank: 8

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.

ELFE.DE vs. EL46.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deka US Treasury 7-10 UCITS ETF (ELFE.DE) and Deka MSCI China ex A Shares UCITS ETF (EL46.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.

	ELFE.DE	EL46.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.31	-0.12	+0.43
Sortino ratio: Return per unit of downside risk	0.48	-0.03	+0.51
Omega ratio: Gain probability vs. loss probability	1.06	1.00	+0.06
Calmar ratio: Return relative to maximum drawdown	0.42	-0.11	+0.53
Martin ratio: Return relative to average drawdown	1.04	-0.24	+1.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELFE.DE vs. EL46.DE - Sharpe Ratio Comparison

The current ELFE.DE Sharpe Ratio is 0.31, which is higher than the EL46.DE Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of ELFE.DE and EL46.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

	ELFE.DE	EL46.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	-0.12	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	-0.17	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	0.12	-0.25

Drawdowns

ELFE.DE vs. EL46.DE - Drawdown Comparison

The maximum ELFE.DE drawdown since its inception was -20.67%, smaller than the maximum EL46.DE drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for ELFE.DE and EL46.DE.

Drawdown Indicators

	ELFE.DE	EL46.DE	Difference
Max Drawdown Largest peak-to-trough decline	-20.67%	-58.21%	+37.54%
Max Drawdown (1Y) Largest decline over 1 year	-4.53%	-21.01%	+16.48%
Max Drawdown (3Y) Largest decline over 3 years	-10.45%	-25.65%	+15.20%
Max Drawdown (5Y) Largest decline over 5 years	-15.39%	-51.07%	+35.68%
Max Drawdown (10Y) Largest decline over 10 years	—	-58.21%	—
Current Drawdown Current decline from peak	-15.66%	-36.65%	+20.99%
Average Drawdown Average peak-to-trough decline	-12.73%	-22.26%	+9.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	9.96%	-8.15%

Volatility

ELFE.DE vs. EL46.DE - Volatility Comparison

The current volatility for Deka US Treasury 7-10 UCITS ETF (ELFE.DE) is 1.17%, while Deka MSCI China ex A Shares UCITS ETF (EL46.DE) has a volatility of 8.28%. This indicates that ELFE.DE experiences smaller price fluctuations and is considered to be less risky than EL46.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELFE.DE	EL46.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	8.28%	-7.11%
Volatility (6M) Calculated over the trailing 6-month period	4.19%	15.15%	-10.96%
Volatility (1Y) Calculated over the trailing 1-year period	6.08%	19.97%	-13.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.00%	31.36%	-22.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.73%	27.53%	-18.80%

ELFE.DE vs. EL46.DE - Expense Ratio Comparison

ELFE.DE has a 0.07% expense ratio, which is lower than EL46.DE's 0.66% expense ratio.

Dividends

ELFE.DE vs. EL46.DE - Dividend Comparison

ELFE.DE's dividend yield for the trailing twelve months is around 4.36%, more than EL46.DE's 1.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EL46.DE Deka MSCI China ex A Shares UCITS ETF	1.52%	1.43%	2.06%	2.03%	1.78%	1.22%	0.86%	1.26%	1.62%	0.94%	1.98%	2.32%
ELFE.DE Deka US Treasury 7-10 UCITS ETF	4.36%	3.84%	2.83%	2.04%	1.74%	2.27%	1.81%	0.24%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ELFE.DE and EL46.DE in my portfolio?

ELFE.DE and EL46.DE have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ELFE.DE or EL46.DE?

On fees, ELFE.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ELFE.DE or EL46.DE?

ELFE.DE is cheaper with a 0.07% expense ratio, compared with 0.66% for EL46.DE.

What is the main difference between ELFE.DE and EL46.DE?

ELFE.DE is categorized as Government Bonds, while EL46.DE is China Equities. ELFE.DE tracks Solactive US Treasury 7-10 Q Series USD, while EL46.DE tracks MSCI China ex A Shares. Their fees differ too: 0.07% for ELFE.DE and 0.66% for EL46.DE.