ELFW.DE vs. EL4M.DE
ELFW.DE (Deka MSCI World UCITS ETF Dist) and EL4M.DE (Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF) are both exchange-traded funds - ELFW.DE is a Global Equities fund tracking the MSCI World, while EL4M.DE is a European Government Bonds fund tracking the iBoxx® EUR Liquid Sovereigns Diversified 3-5. Both are passively managed. Over the past 5 years, ELFW.DE returned 12.52%/yr vs -0.53%/yr for EL4M.DE. At a 0.05 correlation, their price movements are largely independent. ELFW.DE charges 0.31%/yr vs 0.15%/yr for EL4M.DE.
Performance
ELFW.DE vs. EL4M.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 EL4M.DE's -0.10% 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*
- —
EL4M.DE
- 1D
- 0.08%
- 1M
- 0.06%
- YTD
- -0.10%
- 6M
- -0.01%
- 1Y
- 0.69%
- 3Y*
- 2.75%
- 5Y*
- -0.53%
- 10Y*
- -0.03%
ELFW.DE vs. EL4M.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% |
EL4M.DE Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF | -0.10% | 2.42% | 2.21% | 5.36% | -11.06% | -1.40% | 1.14% | 1.77% | 0.96% |
Correlation
The correlation between ELFW.DE and EL4M.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2018 | 0.05 |
The correlation between ELFW.DE and EL4M.DE shifts across timeframes, from 0.05 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ELFW.DE vs. EL4M.DE — Risk / Return Rank
ELFW.DE
EL4M.DE
ELFW.DE vs. EL4M.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 Sovereign Diversified 3-5 UCITS ETF (EL4M.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 | EL4M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.97 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.02 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 0.14 | +3.35 |
| Martin ratioReturn relative to average drawdown | 14.07 | 0.39 | +13.68 |
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 | EL4M.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 0.13 | +1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | -0.13 | +1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.47 | +0.30 |
Drawdowns
ELFW.DE vs. EL4M.DE - Drawdown Comparison
The maximum ELFW.DE drawdown since its inception was -33.59%, which is greater than EL4M.DE's maximum drawdown of -13.53%. Use the drawdown chart below to compare losses from any high point for ELFW.DE and EL4M.DE.
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Drawdown Indicators
| ELFW.DE | EL4M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.59% | -13.53% | -20.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -2.63% | -4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -21.81% | -2.63% | -19.18% |
Max Drawdown (5Y)Largest decline over 5 years | -21.81% | -13.20% | -8.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.53% | — |
Current DrawdownCurrent decline from peak | -0.35% | -3.72% | +3.37% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -2.58% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 0.95% | +0.71% |
Volatility
ELFW.DE vs. EL4M.DE - Volatility Comparison
Deka MSCI World UCITS ETF Dist (ELFW.DE) has a higher volatility of 2.60% compared to Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF (EL4M.DE) at 1.19%. This indicates that ELFW.DE's price experiences larger fluctuations and is considered to be riskier than EL4M.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 | EL4M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 1.19% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.74% | 2.66% | +5.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.14% | 2.99% | +8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 4.04% | +10.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 3.13% | +12.94% |
ELFW.DE vs. EL4M.DE - Expense Ratio Comparison
ELFW.DE has a 0.31% expense ratio, which is higher than EL4M.DE's 0.15% expense ratio.
Dividends
ELFW.DE vs. EL4M.DE - Dividend Comparison
ELFW.DE's dividend yield for the trailing twelve months is around 0.89%, less than EL4M.DE's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4M.DE Deka iBoxx EUR Liquid Sovereign Diversified 3-5 UCITS ETF | 2.17% | 2.76% | 1.93% | 1.89% | 0.55% | 0.79% | 1.06% | 1.41% | 1.08% | 2.12% | 1.66% | 1.83% |
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 EL4M.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4M.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4M.DE is cheaper with a 0.15% expense ratio, compared with 0.31% for ELFW.DE.
ELFW.DE is categorized as Global Equities, while EL4M.DE is European Government Bonds. ELFW.DE tracks MSCI World, while EL4M.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 3-5. Their fees differ too: 0.31% for ELFW.DE and 0.15% for EL4M.DE.
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