CEUG.DE vs. ELFC.DE
CEUG.DE (iShares MSCI EMU UCITS ETF GBP Hedged (Dist)) and ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) are both Europe Equities funds - CEUG.DE tracks the MSCI Europe NR EUR while ELFC.DE tracks the EURO iSTOXX® ex Financials High Dividend 50. Both are passively managed. Over the past 10 years, CEUG.DE returned 8.85%/yr vs 8.86%/yr for ELFC.DE. A 0.78 correlation means they provide meaningful diversification when combined. CEUG.DE charges 0.12%/yr vs 0.30%/yr for ELFC.DE.
Performance
CEUG.DE vs. ELFC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEUG.DE achieves a 7.45% return, which is significantly lower than ELFC.DE's 12.62% return. Both investments have delivered pretty close results over the past 10 years, with CEUG.DE having a 8.85% annualized return and ELFC.DE not far ahead at 8.86%.
CEUG.DE
- 1D
- 0.60%
- 1M
- 3.72%
- YTD
- 7.45%
- 6M
- 10.20%
- 1Y
- 16.71%
- 3Y*
- 13.62%
- 5Y*
- 9.35%
- 10Y*
- 8.85%
ELFC.DE
- 1D
- -0.33%
- 1M
- 0.92%
- YTD
- 12.62%
- 6M
- 12.29%
- 1Y
- 20.13%
- 3Y*
- 12.09%
- 5Y*
- 10.14%
- 10Y*
- 8.86%
CEUG.DE vs. ELFC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEUG.DE iShares MSCI EMU UCITS ETF GBP Hedged (Dist) | 7.45% | 19.02% | 9.58% | 15.40% | -11.56% | 25.11% | -3.26% | 27.70% | -10.95% | 10.55% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 12.62% | 17.73% | -0.16% | 15.69% | 1.54% | 21.96% | -7.15% | 19.94% | -4.03% | 6.11% |
Correlation
The correlation between CEUG.DE and ELFC.DE is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | 0.78 |
Over the past year, the correlation between CEUG.DE and ELFC.DE has dropped to 0.55 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
CEUG.DE vs. ELFC.DE — Risk / Return Rank
CEUG.DE
ELFC.DE
CEUG.DE vs. ELFC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.DE) and Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.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.
| CEUG.DE | ELFC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.33 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 3.00 | -1.34 |
| Martin ratioReturn relative to average drawdown | 6.05 | 8.42 | -2.37 |
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
| CEUG.DE | ELFC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.81 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.73 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.56 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.55 | -0.03 |
Drawdowns
CEUG.DE vs. ELFC.DE - Drawdown Comparison
The maximum CEUG.DE drawdown since its inception was -35.67%, smaller than the maximum ELFC.DE drawdown of -37.68%. Use the drawdown chart below to compare losses from any high point for CEUG.DE and ELFC.DE.
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Drawdown Indicators
| CEUG.DE | ELFC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.67% | -37.68% | +2.01% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -6.71% | -3.34% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -15.02% | -1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | -16.85% | -4.19% |
Max Drawdown (10Y)Largest decline over 10 years | -35.67% | -37.68% | +2.01% |
Current DrawdownCurrent decline from peak | -1.56% | -1.60% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -4.70% | -0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.39% | +0.37% |
Volatility
CEUG.DE vs. ELFC.DE - Volatility Comparison
iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.DE) has a higher volatility of 4.42% compared to Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) at 2.62%. This indicates that CEUG.DE's price experiences larger fluctuations and is considered to be riskier than ELFC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEUG.DE | ELFC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 2.62% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 8.07% | +2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 11.12% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 13.76% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 16.40% | -0.78% |
CEUG.DE vs. ELFC.DE - Expense Ratio Comparison
CEUG.DE has a 0.12% expense ratio, which is lower than ELFC.DE's 0.30% expense ratio.
Dividends
CEUG.DE vs. ELFC.DE - Dividend Comparison
CEUG.DE has not paid dividends to shareholders, while ELFC.DE's dividend yield for the trailing twelve months is around 4.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CEUG.DE iShares MSCI EMU UCITS ETF GBP Hedged (Dist) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 4.08% | 4.45% | 4.66% | 4.66% | 4.91% | 3.85% | 2.83% | 3.64% | 4.20% | 3.53% | 3.57% |
Frequently Asked Questions
CEUG.DE and ELFC.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEUG.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEUG.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for ELFC.DE.
CEUG.DE tracks MSCI Europe NR EUR, while ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50. They also come from different issuers: Amundi and Deka. Their fees differ too: 0.12% for CEUG.DE and 0.30% for ELFC.DE.
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