ELFF.DE vs. 4UBF.DE
ELFF.DE (Deka Euro Corporates 0-3 Liquid UCITS ETF ) and 4UBF.DE (UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc) are both European Corporate Bonds funds - ELFF.DE tracks the Solactive Euro Corporates 0-3 Year Liquid EUR while 4UBF.DE tracks the Bloomberg MSCI Euro Area Liquid Corporates Sustainable. Both are passively managed. Over the past 5 years, ELFF.DE returned 1.31%/yr vs -0.23%/yr for 4UBF.DE. A 0.54 correlation means they provide meaningful diversification when combined. ELFF.DE charges 0.15%/yr vs 0.13%/yr for 4UBF.DE.
Performance
ELFF.DE vs. 4UBF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELFF.DE achieves a 0.40% return, which is significantly lower than 4UBF.DE's 0.73% return.
ELFF.DE
- 1D
- 0.13%
- 1M
- 0.17%
- YTD
- 0.40%
- 6M
- 0.45%
- 1Y
- 1.66%
- 3Y*
- 3.30%
- 5Y*
- 1.31%
- 10Y*
- —
4UBF.DE
- 1D
- 0.12%
- 1M
- 0.33%
- YTD
- 0.73%
- 6M
- 0.23%
- 1Y
- 2.32%
- 3Y*
- 4.95%
- 5Y*
- -0.23%
- 10Y*
- —
ELFF.DE vs. 4UBF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ELFF.DE Deka Euro Corporates 0-3 Liquid UCITS ETF | 0.40% | 2.75% | 3.74% | 3.68% | -3.53% | -0.36% |
4UBF.DE UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc | 0.73% | 3.23% | 4.51% | 8.22% | -15.67% | -0.28% |
Correlation
The correlation between ELFF.DE and 4UBF.DE is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.54 |
The correlation between ELFF.DE and 4UBF.DE has been stable across timeframes, ranging from 0.53 to 0.59 - a consistent structural relationship.
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Return for Risk
ELFF.DE vs. 4UBF.DE — Risk / Return Rank
ELFF.DE
4UBF.DE
ELFF.DE vs. 4UBF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Euro Corporates 0-3 Liquid UCITS ETF (ELFF.DE) and UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.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.
| ELFF.DE | 4UBF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.10 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 0.69 | +0.20 |
| Martin ratioReturn relative to average drawdown | 2.57 | 2.30 | +0.27 |
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
| ELFF.DE | 4UBF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.55 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | -0.04 | +0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | -0.04 | +0.60 |
Drawdowns
ELFF.DE vs. 4UBF.DE - Drawdown Comparison
The maximum ELFF.DE drawdown since its inception was -4.95%, smaller than the maximum 4UBF.DE drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for ELFF.DE and 4UBF.DE.
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Drawdown Indicators
| ELFF.DE | 4UBF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.95% | -19.99% | +15.04% |
Max Drawdown (1Y)Largest decline over 1 year | -1.64% | -2.88% | +1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -1.64% | -2.88% | +1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -4.60% | -19.99% | +15.39% |
Current DrawdownCurrent decline from peak | -0.72% | -2.81% | +2.09% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -8.54% | +7.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 0.87% | -0.30% |
Volatility
ELFF.DE vs. 4UBF.DE - Volatility Comparison
The current volatility for Deka Euro Corporates 0-3 Liquid UCITS ETF (ELFF.DE) is 0.54%, while UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.DE) has a volatility of 1.25%. This indicates that ELFF.DE experiences smaller price fluctuations and is considered to be less risky than 4UBF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELFF.DE | 4UBF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 1.25% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 3.11% | -1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.72% | 3.67% | -1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.70% | 5.08% | -3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.62% | 5.02% | -3.40% |
ELFF.DE vs. 4UBF.DE - Expense Ratio Comparison
ELFF.DE has a 0.15% expense ratio, which is higher than 4UBF.DE's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ELFF.DE vs. 4UBF.DE - Dividend Comparison
ELFF.DE's dividend yield for the trailing twelve months is around 1.49%, while 4UBF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
4UBF.DE UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
ELFF.DE and 4UBF.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4UBF.DE is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4UBF.DE is cheaper with a 0.13% expense ratio, compared with 0.15% for ELFF.DE.
ELFF.DE tracks Solactive Euro Corporates 0-3 Year Liquid EUR, while 4UBF.DE tracks Bloomberg MSCI Euro Area Liquid Corporates Sustainable. They also come from different issuers: Deka and UBS. Their fees differ too: 0.15% for ELFF.DE and 0.13% for 4UBF.DE.
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