VX6F.DE vs. ELFE.DE

Last updated Jun 5, 2026

VX6F.DE (Vanguard U.K. Gilt UCITS ETF GBP Accumulation) and ELFE.DE (Deka US Treasury 7-10 UCITS ETF ) are both Government Bonds funds - VX6F.DE tracks the Bloomberg Sterling Gilt Float Adjusted Index while ELFE.DE tracks the Solactive US Treasury 7-10 Q Series USD. Both are passively managed. Over the past 5 years, VX6F.DE returned -2.47%/yr vs 0.02%/yr for ELFE.DE. At a 0.49 correlation, their price movements are largely independent. VX6F.DE charges 0.05%/yr vs 0.07%/yr for ELFE.DE.

Performance

VX6F.DE vs. ELFE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard U.K. Gilt UCITS ETF GBP Accumulation (VX6F.DE) and Deka US Treasury 7-10 UCITS ETF (ELFE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VX6F.DE achieves a -0.49% return, which is significantly lower than ELFE.DE's 0.55% return.

VX6F.DE

• 1D: 0.16%
• 1M: 0.50%
• YTD: -0.49%
• 6M: -0.10%
• 1Y: -0.59%
• 3Y*: 2.12%
• 5Y*: -2.47%
• 10Y*: —

ELFE.DE

• 1D: 0.13%
• 1M: 0.58%
• YTD: 0.55%
• 6M: -0.27%
• 1Y: 2.22%
• 3Y*: -0.01%
• 5Y*: 0.02%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VX6F.DE vs. ELFE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VX6F.DE Vanguard U.K. Gilt UCITS ETF GBP Accumulation	-0.49%	0.53%	-0.19%	18.92%	-26.90%	-5.30%	9.59%	-5.90%
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 VX6F.DE and ELFE.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019	0.49

Over the past year, the correlation between VX6F.DE and ELFE.DE has dropped to 0.24 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.

Return for Risk

VX6F.DE vs. ELFE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VX6F.DE

VX6F.DE Risk / Return Rank: 8
VX6F.DE Sharpe Ratio Rank: 8
VX6F.DE Sortino Ratio Rank: 8
VX6F.DE Omega Ratio Rank: 8
VX6F.DE Calmar Ratio Rank: 8
VX6F.DE Martin Ratio Rank: 8

ELFE.DE

ELFE.DE Risk / Return Rank: 13
ELFE.DE Sharpe Ratio Rank: 14
ELFE.DE Sortino Ratio Rank: 13
ELFE.DE Omega Ratio Rank: 13
ELFE.DE Calmar Ratio Rank: 14
ELFE.DE Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VX6F.DE vs. ELFE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.K. Gilt UCITS ETF GBP Accumulation (VX6F.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.

	VX6F.DE	ELFE.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	0.31	-0.39
Sortino ratio: Return per unit of downside risk	-0.05	0.48	-0.53
Omega ratio: Gain probability vs. loss probability	0.99	1.06	-0.06
Calmar ratio: Return relative to maximum drawdown	-0.12	0.42	-0.53
Martin ratio: Return relative to average drawdown	-0.27	1.04	-1.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VX6F.DE vs. ELFE.DE - Sharpe Ratio Comparison

The current VX6F.DE Sharpe Ratio is -0.08, which is lower than the ELFE.DE Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of VX6F.DE and ELFE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VX6F.DE	ELFE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	0.31	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	0.00	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	-0.13	+0.07

Drawdowns

VX6F.DE vs. ELFE.DE - Drawdown Comparison

The maximum VX6F.DE drawdown since its inception was -38.93%, which is greater than ELFE.DE's maximum drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for VX6F.DE and ELFE.DE.

Drawdown Indicators

	VX6F.DE	ELFE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-38.93%	-20.67%	-18.26%
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	-4.53%	-0.82%
Max Drawdown (3Y) Largest decline over 3 years	-9.02%	-10.45%	+1.43%
Max Drawdown (5Y) Largest decline over 5 years	-36.83%	-15.39%	-21.44%
Current Drawdown Current decline from peak	-19.85%	-15.66%	-4.19%
Average Drawdown Average peak-to-trough decline	-14.82%	-12.73%	-2.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	1.81%	+0.53%

Volatility

VX6F.DE vs. ELFE.DE - Volatility Comparison

Vanguard U.K. Gilt UCITS ETF GBP Accumulation (VX6F.DE) has a higher volatility of 3.41% compared to Deka US Treasury 7-10 UCITS ETF (ELFE.DE) at 1.17%. This indicates that VX6F.DE's price experiences larger fluctuations and is considered to be riskier than ELFE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VX6F.DE	ELFE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	1.17%	+2.24%
Volatility (6M) Calculated over the trailing 6-month period	6.21%	4.19%	+2.02%
Volatility (1Y) Calculated over the trailing 1-year period	8.03%	6.08%	+1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.92%	9.00%	+3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.09%	8.73%	+3.36%

VX6F.DE vs. ELFE.DE - Expense Ratio Comparison

VX6F.DE has a 0.05% expense ratio, which is lower than ELFE.DE's 0.07% 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

VX6F.DE vs. ELFE.DE - Dividend Comparison

VX6F.DE has not paid dividends to shareholders, while ELFE.DE's dividend yield for the trailing twelve months is around 4.36%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
VX6F.DE Vanguard U.K. Gilt UCITS ETF GBP Accumulation	0.00%	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VX6F.DE and ELFE.DE in my portfolio?

VX6F.DE and ELFE.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VX6F.DE or ELFE.DE?

On fees, VX6F.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VX6F.DE or ELFE.DE?

VX6F.DE is cheaper with a 0.05% expense ratio, compared with 0.07% for ELFE.DE.

What is the main difference between VX6F.DE and ELFE.DE?

VX6F.DE tracks Bloomberg Sterling Gilt Float Adjusted Index, while ELFE.DE tracks Solactive US Treasury 7-10 Q Series USD. They also come from different issuers: Vanguard and Deka Investment GmbH. Their fees differ too: 0.05% for VX6F.DE and 0.07% for ELFE.DE.