IUSM.DE vs. ELFE.DE
IUSM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) and ELFE.DE (Deka US Treasury 7-10 UCITS ETF ) are both Government Bonds funds - IUSM.DE tracks the ICE US Treasury 7-10 Year while ELFE.DE tracks the Solactive US Treasury 7-10 Q Series USD. Both are passively managed. Over the past 5 years, IUSM.DE returned -0.31%/yr vs 0.02%/yr for ELFE.DE. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.07% expense ratio.
Performance
IUSM.DE vs. ELFE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSM.DE achieves a 0.22% return, which is significantly lower than ELFE.DE's 0.55% return.
IUSM.DE
- 1D
- 0.13%
- 1M
- 0.34%
- YTD
- 0.22%
- 6M
- -0.62%
- 1Y
- 1.33%
- 3Y*
- -0.48%
- 5Y*
- -0.31%
- 10Y*
- 0.29%
ELFE.DE
- 1D
- 0.13%
- 1M
- 0.62%
- YTD
- 0.55%
- 6M
- -0.26%
- 1Y
- 1.89%
- 3Y*
- -0.01%
- 5Y*
- 0.02%
- 10Y*
- —
IUSM.DE vs. ELFE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUSM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 0.22% | -4.06% | 5.00% | -0.24% | -9.67% | 4.92% | -0.18% | -5.02% |
ELFE.DE Deka US Treasury 7-10 UCITS ETF | 0.55% | -3.68% | 5.37% | 0.04% | -9.38% | 5.11% | -0.09% | -4.86% |
Correlation
The correlation between IUSM.DE and ELFE.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019 | 0.98 |
The correlation between IUSM.DE and ELFE.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
IUSM.DE vs. ELFE.DE — Risk / Return Rank
IUSM.DE
ELFE.DE
IUSM.DE vs. ELFE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.DE) and Deka US Treasury 7-10 UCITS ETF (ELFE.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.
| IUSM.DE | ELFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.06 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.42 | -0.12 |
| Martin ratioReturn relative to average drawdown | 0.74 | 1.04 | -0.30 |
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
| IUSM.DE | ELFE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.31 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.00 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | -0.13 | +0.40 |
Drawdowns
IUSM.DE vs. ELFE.DE - Drawdown Comparison
The maximum IUSM.DE drawdown since its inception was -21.40%, roughly equal to the maximum ELFE.DE drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for IUSM.DE and ELFE.DE.
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Drawdown Indicators
| IUSM.DE | ELFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.40% | -20.67% | -0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -4.45% | -4.53% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -10.86% | -10.45% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -15.69% | -15.39% | -0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -21.40% | — | — |
Current DrawdownCurrent decline from peak | -17.38% | -15.66% | -1.72% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -12.73% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.81% | -0.02% |
Volatility
IUSM.DE vs. ELFE.DE - Volatility Comparison
iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.DE) and Deka US Treasury 7-10 UCITS ETF (ELFE.DE) have volatilities of 1.14% and 1.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSM.DE | ELFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.17% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 4.00% | 4.19% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.78% | 6.08% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.96% | 9.00% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.33% | 8.73% | -0.40% |
IUSM.DE vs. ELFE.DE - Expense Ratio Comparison
Both IUSM.DE and ELFE.DE have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IUSM.DE vs. ELFE.DE - Dividend Comparison
IUSM.DE's dividend yield for the trailing twelve months is around 3.72%, less than ELFE.DE's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELFE.DE Deka US Treasury 7-10 UCITS ETF | 4.36% | 3.84% | 2.83% | 2.04% | 1.74% | 2.27% | 1.81% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 3.72% | 3.73% | 3.65% | 2.91% | 1.93% | 0.96% | 1.53% | 2.24% | 2.07% | 1.83% | 1.66% | 1.84% |
Frequently Asked Questions
With a correlation of 0.95, IUSM.DE and ELFE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IUSM.DE and ELFE.DE have the same expense ratio: 0.07% per year.
IUSM.DE tracks ICE US Treasury 7-10 Year, while ELFE.DE tracks Solactive US Treasury 7-10 Q Series USD. They also come from different issuers: iShares and Deka Investment GmbH.
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