I tried to give it some thought beyond "ackchually", and found that the elf equivalent to the Hylians in Legend of Zelda are the Zoras.

They live way longer, have stronger feats than Hylians (swimming and underwater breathing, obviously, but also going up waterfalls), live in their own secluded areas away from Hylians aside from the odd one out setting up a shop or something, have extremely fine craftsmanship and high-quality weapons and armor (they're usually the ones to give a swimming tunic to Link), and are amazingly horny. Ergo : elves.