ELFF.DE vs. EL49.DE
ELFF.DE (Deka Euro Corporates 0-3 Liquid UCITS ETF ) and EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) are both European Corporate Bonds funds from Deka - ELFF.DE tracks the Solactive Euro Corporates 0-3 Year Liquid EUR while EL49.DE tracks the iBoxx® EUR Liquid Corporates Diversified. Both are passively managed. Over the past 5 years, ELFF.DE returned 1.31%/yr vs -0.16%/yr for EL49.DE. At a 0.45 correlation, their price movements are largely independent. ELFF.DE charges 0.15%/yr vs 0.20%/yr for EL49.DE.
Performance
ELFF.DE vs. EL49.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ELFF.DE achieves a 0.40% return, which is significantly lower than EL49.DE's 0.49% 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*
- —
EL49.DE
- 1D
- 0.02%
- 1M
- 0.35%
- YTD
- 0.49%
- 6M
- 0.22%
- 1Y
- 1.76%
- 3Y*
- 4.31%
- 5Y*
- -0.16%
- 10Y*
- 0.63%
ELFF.DE vs. EL49.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% |
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 0.49% | 2.66% | 4.06% | 7.13% | -13.01% | -1.51% | 1.80% | -1.09% |
Correlation
The correlation between ELFF.DE and EL49.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019 | 0.45 |
The correlation between ELFF.DE and EL49.DE shifts across timeframes, from 0.45 (all time) to 0.58 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ELFF.DE vs. EL49.DE — Risk / Return Rank
ELFF.DE
EL49.DE
ELFF.DE vs. EL49.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 Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.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 | EL49.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.07 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 0.46 | +0.44 |
| Martin ratioReturn relative to average drawdown | 2.57 | 1.52 | +1.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ELFF.DE | EL49.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.36 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | -0.03 | +0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.47 | +0.09 |
Drawdowns
ELFF.DE vs. EL49.DE - Drawdown Comparison
The maximum ELFF.DE drawdown since its inception was -4.95%, smaller than the maximum EL49.DE drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for ELFF.DE and EL49.DE.
Loading charts...
Drawdown Indicators
| ELFF.DE | EL49.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.95% | -16.77% | +11.82% |
Max Drawdown (1Y)Largest decline over 1 year | -1.64% | -3.05% | +1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -1.64% | -3.05% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -4.60% | -16.77% | +12.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.77% | — |
Current DrawdownCurrent decline from peak | -0.72% | -1.87% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -3.21% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 0.92% | -0.35% |
Volatility
ELFF.DE vs. EL49.DE - Volatility Comparison
The current volatility for Deka Euro Corporates 0-3 Liquid UCITS ETF (ELFF.DE) is 0.54%, while Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) has a volatility of 1.28%. This indicates that ELFF.DE experiences smaller price fluctuations and is considered to be less risky than EL49.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ELFF.DE | EL49.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 1.28% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 3.42% | -1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.72% | 3.85% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.70% | 4.88% | -3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.62% | 5.25% | -3.63% |
ELFF.DE vs. EL49.DE - Expense Ratio Comparison
ELFF.DE has a 0.15% expense ratio, which is lower than EL49.DE's 0.20% 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
ELFF.DE vs. EL49.DE - Dividend Comparison
ELFF.DE's dividend yield for the trailing twelve months is around 1.49%, less than EL49.DE's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 3.49% | 3.50% | 3.24% | 3.04% | 0.75% | 0.69% | 0.69% | 0.88% | 0.75% | 1.15% | 1.52% | 1.82% |
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% | 0.00% |
Frequently Asked Questions
ELFF.DE and EL49.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ELFF.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for EL49.DE.
ELFF.DE tracks Solactive Euro Corporates 0-3 Year Liquid EUR, while EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified. Their fees differ too: 0.15% for ELFF.DE and 0.20% for EL49.DE.
Find the right allocation for ELFF.DE and EL49.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer