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Both at their peak.
Round 1: h2h combat
Round 2: Wolverine can use claws. Elektra gets her swords
Round 3: Same as above except Elektra has has adamantium swords.

Round 1: Wolverine!
Round 2: Wolverine!!
Round 3: Wolverine!!!

She would stomp in H2H but loses out to his healing factor and adamantium. She makes him work for it but she can never put him down