ELFE.DE vs. SPP7.DE
ELFE.DE (Deka US Treasury 7-10 UCITS ETF ) and SPP7.DE (SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF) are both Government Bonds funds - ELFE.DE tracks the Solactive US Treasury 7-10 Q Series USD while SPP7.DE tracks the Bloomberg US 7-10 Year Treasury Bond. Both are passively managed. Over the past 5 years, ELFE.DE returned 0.02%/yr vs 0.17%/yr for SPP7.DE. With a 0.97 correlation, they move nearly in lockstep. ELFE.DE charges 0.07%/yr vs 0.15%/yr for SPP7.DE.
Performance
ELFE.DE vs. SPP7.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELFE.DE achieves a 0.55% return, which is significantly higher than SPP7.DE's 0.25% 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*
- —
SPP7.DE
- 1D
- 0.01%
- 1M
- 0.57%
- YTD
- 0.25%
- 6M
- -0.49%
- 1Y
- 1.93%
- 3Y*
- -0.11%
- 5Y*
- 0.17%
- 10Y*
- 0.60%
ELFE.DE vs. SPP7.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% |
SPP7.DE SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | 0.25% | -3.30% | 5.21% | 1.24% | -9.75% | 4.98% | -0.10% | -4.92% |
Correlation
The correlation between ELFE.DE and SPP7.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019 | 0.97 |
The correlation between ELFE.DE and SPP7.DE has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
ELFE.DE vs. SPP7.DE — Risk / Return Rank
ELFE.DE
SPP7.DE
ELFE.DE vs. SPP7.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 SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (SPP7.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 | SPP7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.06 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 0.44 | -0.02 |
| Martin ratioReturn relative to average drawdown | 1.04 | 1.13 | -0.09 |
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
| ELFE.DE | SPP7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 0.33 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.02 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.05 | -0.18 |
Drawdowns
ELFE.DE vs. SPP7.DE - Drawdown Comparison
The maximum ELFE.DE drawdown since its inception was -20.67%, roughly equal to the maximum SPP7.DE drawdown of -20.31%. Use the drawdown chart below to compare losses from any high point for ELFE.DE and SPP7.DE.
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Drawdown Indicators
| ELFE.DE | SPP7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.67% | -20.31% | -0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -4.35% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -10.45% | -10.58% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -15.39% | -14.56% | -0.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.31% | — |
Current DrawdownCurrent decline from peak | -15.66% | -15.29% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -12.73% | -10.62% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.69% | +0.12% |
Volatility
ELFE.DE vs. SPP7.DE - Volatility Comparison
Deka US Treasury 7-10 UCITS ETF (ELFE.DE) has a higher volatility of 1.17% compared to SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (SPP7.DE) at 1.06%. This indicates that ELFE.DE's price experiences larger fluctuations and is considered to be riskier than SPP7.DE 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 | SPP7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.06% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.19% | 4.11% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 5.82% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.00% | 9.14% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.73% | 8.49% | +0.24% |
ELFE.DE vs. SPP7.DE - Expense Ratio Comparison
ELFE.DE has a 0.07% expense ratio, which is lower than SPP7.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ELFE.DE vs. SPP7.DE - Dividend Comparison
ELFE.DE's dividend yield for the trailing twelve months is around 4.36%, more than SPP7.DE's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPP7.DE SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | 4.07% | 4.20% | 3.47% | 4.07% | 1.66% | 0.97% | 1.69% | 2.33% | 1.98% | 1.99% | 0.70% |
Frequently Asked Questions
With a correlation of 0.93, ELFE.DE and SPP7.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.15% for SPP7.DE.
ELFE.DE tracks Solactive US Treasury 7-10 Q Series USD, while SPP7.DE tracks Bloomberg US 7-10 Year Treasury Bond. They also come from different issuers: Deka Investment GmbH and State Street. Their fees differ too: 0.07% for ELFE.DE and 0.15% for SPP7.DE.
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