ELFF.DE vs. EL4L.DE
ELFF.DE (Deka Euro Corporates 0-3 Liquid UCITS ETF ) and EL4L.DE (Deka iBoxx EUR Liquid Sovereign Diversified 1-3 UCITS ETF) are both exchange-traded funds - ELFF.DE is a European Corporate Bonds fund tracking the Solactive Euro Corporates 0-3 Year Liquid EUR, while EL4L.DE is a European Government Bonds fund tracking the iBoxx® EUR Liquid Sovereigns Diversified 1-3. Both are passively managed. Over the past 5 years, ELFF.DE returned 1.31%/yr vs 0.29%/yr for EL4L.DE. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
ELFF.DE vs. EL4L.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 higher than EL4L.DE's -0.08% 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*
- —
EL4L.DE
- 1D
- 0.01%
- 1M
- -0.01%
- YTD
- -0.08%
- 6M
- 0.05%
- 1Y
- 0.71%
- 3Y*
- 2.56%
- 5Y*
- 0.29%
- 10Y*
- 0.07%
ELFF.DE vs. EL4L.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% |
EL4L.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-3 UCITS ETF | -0.08% | 2.34% | 2.62% | 3.63% | -6.25% | -0.92% | -0.04% | -0.75% |
Correlation
The correlation between ELFF.DE and EL4L.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 | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019 | 0.49 |
The correlation between ELFF.DE and EL4L.DE has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.
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Return for Risk
ELFF.DE vs. EL4L.DE — Risk / Return Rank
ELFF.DE
EL4L.DE
ELFF.DE vs. EL4L.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 Sovereign Diversified 1-3 UCITS ETF (EL4L.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 | EL4L.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.06 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 0.33 | +0.57 |
| Martin ratioReturn relative to average drawdown | 2.57 | 0.97 | +1.60 |
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 | EL4L.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.31 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.13 | +0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.49 | +0.06 |
Drawdowns
ELFF.DE vs. EL4L.DE - Drawdown Comparison
The maximum ELFF.DE drawdown since its inception was -4.95%, smaller than the maximum EL4L.DE drawdown of -8.73%. Use the drawdown chart below to compare losses from any high point for ELFF.DE and EL4L.DE.
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Drawdown Indicators
| ELFF.DE | EL4L.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.95% | -8.73% | +3.78% |
Max Drawdown (1Y)Largest decline over 1 year | -1.64% | -1.61% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -1.64% | -1.61% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -4.60% | -7.75% | +3.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.73% | — |
Current DrawdownCurrent decline from peak | -0.72% | -0.84% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -1.41% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 0.54% | +0.03% |
Volatility
ELFF.DE vs. EL4L.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 Sovereign Diversified 1-3 UCITS ETF (EL4L.DE) has a volatility of 0.58%. This indicates that ELFF.DE experiences smaller price fluctuations and is considered to be less risky than EL4L.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 | EL4L.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 0.58% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 1.46% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.72% | 1.71% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.70% | 2.25% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.62% | 1.70% | -0.08% |
ELFF.DE vs. EL4L.DE - Expense Ratio Comparison
Both ELFF.DE and EL4L.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ELFF.DE vs. EL4L.DE - Dividend Comparison
ELFF.DE's dividend yield for the trailing twelve months is around 1.49%, less than EL4L.DE's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4L.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-3 UCITS ETF | 1.65% | 1.36% | 1.37% | 0.26% | 0.34% | 0.41% | 0.51% | 1.07% | 0.69% | 1.55% | 1.58% | 1.85% |
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 EL4L.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.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ELFF.DE and EL4L.DE have the same expense ratio: 0.15% per year.
ELFF.DE is categorized as European Corporate Bonds, while EL4L.DE is European Government Bonds. ELFF.DE tracks Solactive Euro Corporates 0-3 Year Liquid EUR, while EL4L.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-3.
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