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Deka MSCI Emerging Markets UCITS ETF (EL40.DE) Alternatives

ETF · Currency in EUR · Last updated Jun 5, 2026

EL40.DE is a passive ETF by Deka Investment GmbH tracking the investment results of the MSCI Emerging Markets. EL40.DE launched on Jul 1, 2010 and has a 0.66% expense ratio.

Deka MSCI Emerging Markets UCITS ETF (EL40.DE) belongs to the Emerging Markets Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EL40.DE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to EL40.DE

EL40.DE charges 0.66% annually. There are 55 ETFs in the Emerging Markets Equities category with lower expense ratios, going as low as 0.10%.

SymbolNameExpense RatioAUMInception
PRAM.DE
Amundi Prime Emerging Markets UCITS ETF DR (C)0.10%—Sep 2021EL40.DE vs PRAM.DE
AE5A.DE
Amundi Core MSCI Emerging Markets Swap UCITS ETF D...0.14%—Mar 2023EL40.DE vs AE5A.DE
H4Z3.DE
HSBC MSCI Emerging Markets UCITS ETF USD (Acc)0.15%—Jun 2022EL40.DE vs H4Z3.DE
EMXC.DE
Lyxor MSCI Emerging Markets Ex China UCITS ETF - A...0.15%—Jun 2019EL40.DE vs EMXC.DE
AW12.DE
UBS ETF (IE) MSCI Emerging Markets Climate Paris A...0.16%—Aug 2021EL40.DE vs AW12.DE

Best Risk-Adjusted Alternatives to EL40.DE

EL40.DE has a PortfoliosLab risk / return rank of 57. There are 46 ETFs in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 95.

SymbolNameRisk / Return RankAUMInception
5MVL.DE
iShares Edge MSCI EM Value Factor UCITS ETF USD(Ac...
95
—Dec 2018EL40.DE vs 5MVL.DE
H41E.DE
HSBC MSCI Emerging Markets Value ESG UCITS ETF USD...
94
—Dec 2022EL40.DE vs H41E.DE
AXQT.DE
AXA IM MSCI Emerging Markets ex-China Equity PAB U...
93
13.00MFeb 2025EL40.DE vs AXQT.DE
84X0.DE
iShares MSCI EM ex-China UCITS ETF USD Acc
93
—Apr 2021EL40.DE vs 84X0.DE
EMXC.DE
Lyxor MSCI Emerging Markets Ex China UCITS ETF - A...
92
—Jun 2019EL40.DE vs EMXC.DE

Top Performing EL40.DE Alternatives (YTD)

EL40.DE is at 26.76% YTD. There are 25 ETFs in the Emerging Markets Equities category with higher YTD returns, going as high as 45.83%.

SymbolNameYTD ReturnAUMInception
5MVL.DE
iShares Edge MSCI EM Value Factor UCITS ETF USD(Ac...
45.83%
—Dec 2018EL40.DE vs 5MVL.DE
AXQT.DE
AXA IM MSCI Emerging Markets ex-China Equity PAB U...
40.98%
13.00MFeb 2025EL40.DE vs AXQT.DE
84X0.DE
iShares MSCI EM ex-China UCITS ETF USD Acc
40.37%
—Apr 2021EL40.DE vs 84X0.DE
EMXC.DE
Lyxor MSCI Emerging Markets Ex China UCITS ETF - A...
40.23%
—Jun 2019EL40.DE vs EMXC.DE
H41E.DE
HSBC MSCI Emerging Markets Value ESG UCITS ETF USD...
39.52%
—Dec 2022EL40.DE vs H41E.DE

Lowest Volatility Alternatives to EL40.DE

EL40.DE has 26.69% 1-year volatility. There are 53 ETFs in the Emerging Markets Equities category with lower 1-year volatility, going as low as 11.72%.

SymbolNameVolatility 1YAUMInception
SPYV.DE
SPDR S&P Emerging Markets Dividend Aristocrats UCI...11.72%—Oct 2011EL40.DE vs SPYV.DE
WTD8.DE
WisdomTree Emerging Markets Equity Income UCITS ET...11.77%—Nov 2016EL40.DE vs WTD8.DE
EUNY.DE
iShares Emerging Markets Dividend UCITS ETF11.90%—Nov 2011EL40.DE vs EUNY.DE
EUNZ.DE
iShares Edge MSCI EM Minimum Volatility UCITS ETF12.18%—Nov 2012EL40.DE vs EUNZ.DE
WTED.DE
WisdomTree Emerging Markets SmallCap Dividend UCIT...12.60%—Nov 2014EL40.DE vs WTED.DE

Lowest Drawdown Alternatives to EL40.DE

EL40.DE has a 1-year max drawdown of -16.53%. There are 53 ETFs in the Emerging Markets Equities category with shallower 1-year drawdowns, going as shallow as -4.11%.

SymbolNameMax Drawdown 1YAUMInception
EUNY.DE
iShares Emerging Markets Dividend UCITS ETF
-4.11%
—Nov 2011EL40.DE vs EUNY.DE
WTEI.DE
WisdomTree Emerging Markets Equity Income UCITS ET...
-6.00%
—Nov 2014EL40.DE vs WTEI.DE
WTD8.DE
WisdomTree Emerging Markets Equity Income UCITS ET...
-6.15%
—Nov 2016EL40.DE vs WTD8.DE
WTED.DE
WisdomTree Emerging Markets SmallCap Dividend UCIT...
-7.07%
—Nov 2014EL40.DE vs WTED.DE
EUNZ.DE
iShares Edge MSCI EM Minimum Volatility UCITS ETF
-7.50%
—Nov 2012EL40.DE vs EUNZ.DE

Other ETFs from Deka Investment GmbH

The 5 most viewed Deka Investment GmbH ETFs shown here include ELFE.DE, EL4I.DE, EL46.DE and span 4 categories.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
ELFE.DE
Deka US Treasury 7-10 UCITS ETF Government Bonds
13
0.55%
—Aug 2019EL40.DE vs ELFE.DE
EL4I.DE
Deka MSCI USA Large Cap UCITS ETFLarge Cap Blend Equities
66
10.91%
—Aug 2008EL40.DE vs EL4I.DE
EL46.DE
Deka MSCI China ex A Shares UCITS ETFChina Equities
8
-10.01%
—Jun 2010EL40.DE vs EL46.DE
EL4Z.DE
Deka MSCI USA UCITS ETFLarge Cap Blend Equities
65
11.05%
—Jun 2009EL40.DE vs EL4Z.DE
EL41.DE
Deka MSCI USA MC UCITS ETFMid Cap Blend Equities
38
10.26%
—Jun 2009EL40.DE vs EL41.DE

Often Compared With EL40.DE

Investors most often compare EL40.DE with FVEM.DE, AXQE.DE, SADM.DE. These 14 comparison targets span 2 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
FVEM.DE
Franklin MSCI Emerging Markets Paris Aligned Clima...Emerging Markets Equities
83
25.43%
—Mar 2023EL40.DE vs FVEM.DE
AXQE.DE
AXA IM MSCI Emerging Markets ex-China Equity PAB U...Emerging Markets Equities
71
37.94%
—Feb 2025EL40.DE vs AXQE.DE
SADM.DE
Amundi MSCI Emerging ESG Leaders - UCITS ETFEmerging Markets Equities
53
13.18%
—Jun 2020EL40.DE vs SADM.DE
UEF5.DE
UBS ETF (LU) MSCI Emerging Markets Socially Respon...Emerging Markets Equities
91
34.15%
—Sep 2014EL40.DE vs UEF5.DE
LEER.DE
Amundi MSCI Eastern Europe Ex Russia UCITS ETFEmerging Markets Equities
65
18.03%
—Jul 2020EL40.DE vs LEER.DE
FLXE.DE
Franklin Emerging Markets UCITS ETFEmerging Markets Equities
71
16.10%
—Oct 2017EL40.DE vs FLXE.DE
UIMI.DE
UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD)...Emerging Markets Equities
86
27.62%
—Nov 2010EL40.DE vs UIMI.DE
SPYM.DE
SPDR MSCI Emerging Markets UCITS ETFEmerging Markets Equities
85
27.39%
—May 2011EL40.DE vs SPYM.DE
ISX5.L
iShares Core EURO STOXX 50 UCITS ETFEurope Equities
29
6.38%
8.60BJan 2010EL40.DE vs ISX5.L
XMME.DE
Xtrackers MSCI Emerging Markets UCITS ETF 1CEmerging Markets Equities
88
30.06%
—Jun 2017EL40.DE vs XMME.DE
EUNM.DE
iShares MSCI EM UCITS ETF (Acc)Emerging Markets Equities
85
27.21%
—Sep 2009EL40.DE vs EUNM.DE
IBC3.DE
iShares Core MSCI Emerging Markets IMI UCITS ETFEmerging Markets Equities
83
25.91%
—Mar 2018EL40.DE vs IBC3.DE
IS3N.DE
iShares Core MSCI Emerging Markets IMI UCITS ETF (...Emerging Markets Equities
82
25.82%
—May 2014EL40.DE vs IS3N.DE
EDM2.DE
iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc)Emerging Markets Equities
81
26.35%
—Oct 2019EL40.DE vs EDM2.DE

Compare EL40.DE with Any Fund or Stock

Compare EL40.DE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair EL40.DE with funds that move differently

Deka MSCI Emerging Markets UCITS ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EL40.DE.

Explore EL40.DE Diversifiers