ELFW.DE vs. EL49.DE
ELFW.DE (Deka MSCI World UCITS ETF Dist) and EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) are both exchange-traded funds - ELFW.DE is a Global Equities fund tracking the MSCI World, while EL49.DE is a European Corporate Bonds fund tracking the iBoxx® EUR Liquid Corporates Diversified. Both are passively managed. Over the past 5 years, ELFW.DE returned 12.52%/yr vs -0.16%/yr for EL49.DE. At a 0.24 correlation, their price movements are largely independent. ELFW.DE charges 0.31%/yr vs 0.20%/yr for EL49.DE.
Performance
ELFW.DE vs. EL49.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELFW.DE achieves a 10.68% return, which is significantly higher than EL49.DE's 0.49% return.
ELFW.DE
- 1D
- -0.02%
- 1M
- 3.61%
- YTD
- 10.68%
- 6M
- 10.77%
- 1Y
- 23.36%
- 3Y*
- 17.24%
- 5Y*
- 12.52%
- 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%
ELFW.DE vs. EL49.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ELFW.DE Deka MSCI World UCITS ETF Dist | 10.68% | 7.57% | 25.71% | 19.97% | -14.02% | 31.88% | 5.44% | 30.74% | -11.82% |
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 0.49% | 2.66% | 4.06% | 7.13% | -13.01% | -1.51% | 1.80% | 5.80% | -0.29% |
Correlation
The correlation between ELFW.DE and EL49.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2018 | 0.24 |
The correlation between ELFW.DE and EL49.DE shifts across timeframes, from 0.24 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ELFW.DE vs. EL49.DE — Risk / Return Rank
ELFW.DE
EL49.DE
ELFW.DE vs. EL49.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI World UCITS ETF Dist (ELFW.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.
| ELFW.DE | EL49.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.07 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 0.46 | +3.04 |
| Martin ratioReturn relative to average drawdown | 14.07 | 1.52 | +12.55 |
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
| ELFW.DE | EL49.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 0.36 | +1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | -0.03 | +0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.47 | +0.30 |
Drawdowns
ELFW.DE vs. EL49.DE - Drawdown Comparison
The maximum ELFW.DE drawdown since its inception was -33.59%, which is greater than EL49.DE's maximum drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for ELFW.DE and EL49.DE.
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Drawdown Indicators
| ELFW.DE | EL49.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.59% | -16.77% | -16.82% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -3.05% | -3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -21.81% | -3.05% | -18.76% |
Max Drawdown (5Y)Largest decline over 5 years | -21.81% | -16.77% | -5.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.77% | — |
Current DrawdownCurrent decline from peak | -0.35% | -1.87% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -3.21% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 0.92% | +0.74% |
Volatility
ELFW.DE vs. EL49.DE - Volatility Comparison
Deka MSCI World UCITS ETF Dist (ELFW.DE) has a higher volatility of 2.60% compared to Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) at 1.28%. This indicates that ELFW.DE's price experiences larger fluctuations and is considered to be riskier than EL49.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELFW.DE | EL49.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 1.28% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.74% | 3.42% | +4.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.14% | 3.85% | +7.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 4.88% | +9.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 5.25% | +10.82% |
ELFW.DE vs. EL49.DE - Expense Ratio Comparison
ELFW.DE has a 0.31% expense ratio, which is higher than EL49.DE's 0.20% expense ratio.
Dividends
ELFW.DE vs. EL49.DE - Dividend Comparison
ELFW.DE's dividend yield for the trailing twelve months is around 0.89%, 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% |
ELFW.DE Deka MSCI World UCITS ETF Dist | 0.89% | 1.01% | 1.04% | 1.37% | 1.65% | 0.96% | 1.29% | 1.53% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ELFW.DE and EL49.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL49.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL49.DE is cheaper with a 0.20% expense ratio, compared with 0.31% for ELFW.DE.
ELFW.DE is categorized as Global Equities, while EL49.DE is European Corporate Bonds. ELFW.DE tracks MSCI World, while EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified. Their fees differ too: 0.31% for ELFW.DE and 0.20% for EL49.DE.
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