ELFE.DE vs. EWL
ELFE.DE (Deka US Treasury 7-10 UCITS ETF ) and EWL (iShares MSCI Switzerland ETF) are both exchange-traded funds - ELFE.DE is a Government Bonds fund tracking the Solactive US Treasury 7-10 Q Series USD, while EWL is a Europe Equities fund tracking the MSCI Switzerland Index. Both are passively managed. Over the past 5 years, ELFE.DE returned 0.16%/yr vs 8.09%/yr for EWL. At a 0.07 correlation, their price movements are largely independent. ELFE.DE charges 0.07%/yr vs 0.50%/yr for EWL.
Performance
ELFE.DE vs. EWL - Performance Comparison
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Different Trading Currencies
ELFE.DE is traded in EUR, while EWL is traded in USD. To make them comparable, the EWL values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ELFE.DE achieves a 3.36% return, which is significantly lower than EWL's 10.16% return.
ELFE.DE
- 1D
- -0.08%
- 1M
- 3.21%
- YTD
- 3.36%
- 6M
- 3.81%
- 1Y
- 5.82%
- 3Y*
- 1.54%
- 5Y*
- 0.16%
- 10Y*
- —
EWL
- 1D
- 0.91%
- 1M
- 4.02%
- YTD
- 10.16%
- 6M
- 9.42%
- 1Y
- 21.94%
- 3Y*
- 11.87%
- 5Y*
- 8.09%
- 10Y*
- 10.24%
ELFE.DE vs. EWL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ELFE.DE Deka US Treasury 7-10 UCITS ETF | 3.36% | -3.68% | 5.37% | 0.04% | -9.38% | 5.11% | -0.09% | -11.31% |
EWL iShares MSCI Switzerland ETF | 10.16% | 17.15% | 3.61% | 14.14% | -13.87% | 29.19% | 2.59% | 8.78% |
Correlation
The correlation between ELFE.DE and EWL is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2019 | 0.07 |
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Return for Risk
ELFE.DE vs. EWL — Risk / Return Rank
ELFE.DE
EWL
ELFE.DE vs. EWL - 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 iShares MSCI Switzerland ETF (EWL). 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.
| ELFE.DE | EWL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.29 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.90 | -0.62 |
| Martin ratioReturn relative to average drawdown | 3.21 | 6.60 | -3.39 |
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Drawdowns
ELFE.DE vs. EWL - Drawdown Comparison
The maximum ELFE.DE drawdown since its inception was -20.67%, smaller than the maximum EWL drawdown of -44.94%. Use the drawdown chart below to compare losses from any high point for ELFE.DE and EWL.
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Drawdown Indicators
| ELFE.DE | EWL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.67% | -44.94% | +24.27% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -11.59% | +7.06% |
Max Drawdown (3Y)Largest decline over 3 years | -10.45% | -13.75% | +3.30% |
Max Drawdown (5Y)Largest decline over 5 years | -15.39% | -18.41% | +3.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.96% | — |
Current DrawdownCurrent decline from peak | -13.31% | 0.00% | -13.31% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -7.39% | -5.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 3.33% | -1.55% |
Volatility
ELFE.DE vs. EWL - Volatility Comparison
The current volatility for Deka US Treasury 7-10 UCITS ETF (ELFE.DE) is 1.45%, while iShares MSCI Switzerland ETF (EWL) has a volatility of 4.28%. This indicates that ELFE.DE experiences smaller price fluctuations and is considered to be less risky than EWL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELFE.DE | EWL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 4.28% | -2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 4.29% | 10.95% | -6.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.10% | 13.82% | -7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.98% | 13.77% | -4.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.23% | 15.33% | -6.10% |
ELFE.DE vs. EWL - Expense Ratio Comparison
ELFE.DE has a 0.07% expense ratio, which is lower than EWL's 0.50% expense ratio.
Dividends
ELFE.DE vs. EWL - Dividend Comparison
ELFE.DE's dividend yield for the trailing twelve months is around 4.24%, more than EWL's 1.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELFE.DE Deka US Treasury 7-10 UCITS ETF | 4.24% | 3.84% | 2.83% | 2.04% | 1.74% | 2.27% | 1.81% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% |
EWL iShares MSCI Switzerland ETF | 1.74% | 1.71% | 2.21% | 2.12% | 2.04% | 1.73% | 1.45% | 1.85% | 2.56% | 2.05% | 2.75% | 2.58% |
Frequently Asked Questions
ELFE.DE and EWL have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ELFE.DE is cheaper with a 0.07% expense ratio, compared with 0.50% for EWL.
ELFE.DE is categorized as Government Bonds, while EWL is Europe Equities. ELFE.DE tracks Solactive US Treasury 7-10 Q Series USD, while EWL tracks MSCI Switzerland Index. They also come from different issuers: Deka Investment GmbH and iShares. Their fees differ too: 0.07% for ELFE.DE and 0.50% for EWL.
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