D6RP.DE vs. EL4X.DE

Last updated Jun 5, 2026

D6RP.DE (Deka MSCI World Climate Change ESG UCITS ETF) and EL4X.DE (Deka DAXplus Maximum Dividend UCITS ETF) are both exchange-traded funds - D6RP.DE is a Global Equities fund tracking the MSCI World Climate Change ESG Select, while EL4X.DE is a Europe Equities fund tracking the DAXplus® Maximum Dividend. Both are passively managed. Over the past 5 years, D6RP.DE returned 14.58%/yr vs 2.45%/yr for EL4X.DE. A 0.57 correlation means they provide meaningful diversification when combined. D6RP.DE charges 0.26%/yr vs 0.30%/yr for EL4X.DE.

Performance

D6RP.DE vs. EL4X.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka MSCI World Climate Change ESG UCITS ETF (D6RP.DE) and Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, D6RP.DE achieves a 11.26% return, which is significantly higher than EL4X.DE's 6.17% return.

D6RP.DE

• 1D: -0.24%
• 1M: 6.97%
• YTD: 11.26%
• 6M: 11.65%
• 1Y: 26.71%
• 3Y*: 19.96%
• 5Y*: 14.58%
• 10Y*: —

EL4X.DE

• 1D: 0.59%
• 1M: -0.32%
• YTD: 6.17%
• 6M: 9.91%
• 1Y: 6.78%
• 3Y*: 9.31%
• 5Y*: 2.45%
• 10Y*: 2.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

D6RP.DE vs. EL4X.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
D6RP.DE Deka MSCI World Climate Change ESG UCITS ETF	11.26%	6.56%	34.46%	27.65%	-19.59%	35.02%	12.21%
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF	6.17%	14.14%	-1.45%	26.38%	-20.06%	9.02%	13.65%

Correlation

The correlation between D6RP.DE and EL4X.DE is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020	0.57

The correlation between D6RP.DE and EL4X.DE has been stable across timeframes, ranging from 0.47 to 0.57 - a consistent structural relationship.

Return for Risk

D6RP.DE vs. EL4X.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

D6RP.DE

D6RP.DE Risk / Return Rank: 58
D6RP.DE Sharpe Ratio Rank: 60
D6RP.DE Sortino Ratio Rank: 60
D6RP.DE Omega Ratio Rank: 59
D6RP.DE Calmar Ratio Rank: 57
D6RP.DE Martin Ratio Rank: 56

EL4X.DE

EL4X.DE Risk / Return Rank: 16
EL4X.DE Sharpe Ratio Rank: 16
EL4X.DE Sortino Ratio Rank: 16
EL4X.DE Omega Ratio Rank: 16
EL4X.DE Calmar Ratio Rank: 18
EL4X.DE Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

D6RP.DE vs. EL4X.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deka MSCI World Climate Change ESG UCITS ETF (D6RP.DE) and Deka DAXplus Maximum Dividend UCITS ETF (EL4X.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.

	D6RP.DE	EL4X.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.99	0.44	+1.55
Sortino ratio: Return per unit of downside risk	2.76	0.72	+2.05
Omega ratio: Gain probability vs. loss probability	1.36	1.09	+0.27
Calmar ratio: Return relative to maximum drawdown	2.76	0.68	+2.08
Martin ratio: Return relative to average drawdown	9.69	1.48	+8.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

D6RP.DE vs. EL4X.DE - Sharpe Ratio Comparison

The current D6RP.DE Sharpe Ratio is 1.99, which is higher than the EL4X.DE Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of D6RP.DE and EL4X.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	D6RP.DE	EL4X.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	0.44	+1.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.14	+0.76
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	0.29	+0.75

Drawdowns

D6RP.DE vs. EL4X.DE - Drawdown Comparison

The maximum D6RP.DE drawdown since its inception was -23.89%, smaller than the maximum EL4X.DE drawdown of -52.91%. Use the drawdown chart below to compare losses from any high point for D6RP.DE and EL4X.DE.

Drawdown Indicators

	D6RP.DE	EL4X.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.89%	-52.91%	+29.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-9.87%	+0.24%
Max Drawdown (3Y) Largest decline over 3 years	-23.89%	-16.60%	-7.29%
Max Drawdown (5Y) Largest decline over 5 years	-23.89%	-34.51%	+10.62%
Max Drawdown (10Y) Largest decline over 10 years	—	-52.91%	—
Current Drawdown Current decline from peak	-0.72%	-2.74%	+2.02%
Average Drawdown Average peak-to-trough decline	-5.13%	-12.17%	+7.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	4.56%	-1.81%

Volatility

D6RP.DE vs. EL4X.DE - Volatility Comparison

The current volatility for Deka MSCI World Climate Change ESG UCITS ETF (D6RP.DE) is 3.50%, while Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) has a volatility of 4.54%. This indicates that D6RP.DE experiences smaller price fluctuations and is considered to be less risky than EL4X.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	D6RP.DE	EL4X.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	4.54%	-1.04%
Volatility (6M) Calculated over the trailing 6-month period	9.55%	11.68%	-2.13%
Volatility (1Y) Calculated over the trailing 1-year period	13.33%	15.25%	-1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.97%	16.85%	-0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.78%	18.23%	-2.45%

D6RP.DE vs. EL4X.DE - Expense Ratio Comparison

D6RP.DE has a 0.26% expense ratio, which is lower than EL4X.DE's 0.30% expense ratio.

Dividends

D6RP.DE vs. EL4X.DE - Dividend Comparison

D6RP.DE's dividend yield for the trailing twelve months is around 0.69%, less than EL4X.DE's 4.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
D6RP.DE Deka MSCI World Climate Change ESG UCITS ETF	0.69%	0.79%	0.70%	1.04%	1.23%	0.79%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF	4.73%	5.11%	7.17%	5.99%	8.64%	3.83%	2.89%	6.66%	8.48%	7.17%	7.37%	5.62%

Frequently Asked Questions

Can I hold both D6RP.DE and EL4X.DE in my portfolio?

D6RP.DE and EL4X.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, D6RP.DE or EL4X.DE?

On fees, D6RP.DE is cheaper at 0.26% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, D6RP.DE or EL4X.DE?

D6RP.DE is cheaper with a 0.26% expense ratio, compared with 0.30% for EL4X.DE.

What is the main difference between D6RP.DE and EL4X.DE?

D6RP.DE is categorized as Global Equities, while EL4X.DE is Europe Equities. D6RP.DE tracks MSCI World Climate Change ESG Select, while EL4X.DE tracks DAXplus® Maximum Dividend. Their fees differ too: 0.26% for D6RP.DE and 0.30% for EL4X.DE.