6PSE.DE vs. EL4Z.DE
6PSE.DE (Invesco MSCI USA UCITS ETF Dist) and EL4Z.DE (Deka MSCI USA UCITS ETF) are both Large Cap Blend Equities funds tracking the MSCI USA, from Invesco and Deka Investment GmbH respectively. Both are passively managed. Over the past 3 years, 6PSE.DE returned 19.18%/yr vs 18.53%/yr for EL4Z.DE. With a 0.99 correlation, they move nearly in lockstep. 6PSE.DE charges 0.05%/yr vs 0.30%/yr for EL4Z.DE.
Performance
6PSE.DE vs. EL4Z.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with 6PSE.DE having a 11.33% return and EL4Z.DE slightly lower at 11.05%.
6PSE.DE
- 1D
- -0.18%
- 1M
- 4.51%
- YTD
- 11.33%
- 6M
- 10.72%
- 1Y
- 25.24%
- 3Y*
- 19.18%
- 5Y*
- —
- 10Y*
- —
EL4Z.DE
- 1D
- -0.11%
- 1M
- 4.50%
- YTD
- 11.05%
- 6M
- 10.47%
- 1Y
- 24.48%
- 3Y*
- 18.53%
- 5Y*
- 13.83%
- 10Y*
- 14.39%
6PSE.DE vs. EL4Z.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 11.33% | 4.78% | 32.52% | 23.62% | -6.58% |
EL4Z.DE Deka MSCI USA UCITS ETF | 11.05% | 3.99% | 32.17% | 22.99% | -7.29% |
Correlation
The correlation between 6PSE.DE and EL4Z.DE is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.99 |
The correlation between 6PSE.DE and EL4Z.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
6PSE.DE vs. EL4Z.DE — Risk / Return Rank
6PSE.DE
EL4Z.DE
6PSE.DE vs. EL4Z.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA UCITS ETF Dist (6PSE.DE) and Deka MSCI USA UCITS ETF (EL4Z.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.
| 6PSE.DE | EL4Z.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.39 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.31 | +0.13 |
| Martin ratioReturn relative to average drawdown | 11.99 | 11.44 | +0.56 |
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
| 6PSE.DE | EL4Z.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 2.09 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.99 | -0.06 |
Drawdowns
6PSE.DE vs. EL4Z.DE - Drawdown Comparison
The maximum 6PSE.DE drawdown since its inception was -23.70%, smaller than the maximum EL4Z.DE drawdown of -34.19%. Use the drawdown chart below to compare losses from any high point for 6PSE.DE and EL4Z.DE.
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Drawdown Indicators
| 6PSE.DE | EL4Z.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.70% | -34.19% | +10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.31% | -7.42% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -23.70% | -24.03% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.19% | — |
Current DrawdownCurrent decline from peak | -0.41% | -0.40% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -4.23% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 2.15% | -0.05% |
Volatility
6PSE.DE vs. EL4Z.DE - Volatility Comparison
Invesco MSCI USA UCITS ETF Dist (6PSE.DE) and Deka MSCI USA UCITS ETF (EL4Z.DE) have volatilities of 2.73% and 2.74%, 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
| 6PSE.DE | EL4Z.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 2.74% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.68% | 7.70% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.65% | 11.74% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.41% | 15.48% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.41% | 16.22% | -0.81% |
6PSE.DE vs. EL4Z.DE - Expense Ratio Comparison
6PSE.DE has a 0.05% expense ratio, which is lower than EL4Z.DE's 0.30% expense ratio.
Dividends
6PSE.DE vs. EL4Z.DE - Dividend Comparison
6PSE.DE's dividend yield for the trailing twelve months is around 1.05%, more than EL4Z.DE's 0.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 1.05% | 1.16% | 1.26% | 1.51% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL4Z.DE Deka MSCI USA UCITS ETF | 0.49% | 0.57% | 0.74% | 1.23% | 1.09% | 0.52% | 0.90% | 0.95% | 1.16% | 1.03% | 1.07% | 1.47% |
Frequently Asked Questions
With a correlation of 0.99, 6PSE.DE and EL4Z.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.
On fees, 6PSE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6PSE.DE is cheaper with a 0.05% expense ratio, compared with 0.30% for EL4Z.DE.
Both ETFs track MSCI USA. They also come from different issuers: Invesco and Deka Investment GmbH. Their fees differ too: 0.05% for 6PSE.DE and 0.30% for EL4Z.DE.
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