D6RQ.DE vs. EL42.DE

Last updated Jun 5, 2026

D6RQ.DE (Deka MSCI USA Climate Change ESG UCITS ETF) and EL42.DE (Deka MSCI Europe UCITS ETF) are both exchange-traded funds - D6RQ.DE is a Large Cap Blend Equities fund tracking the MSCI USA Climate Change ESG Select, while EL42.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 5 years, D6RQ.DE returned 17.54%/yr vs 9.71%/yr for EL42.DE. A 0.61 correlation means they provide meaningful diversification when combined. D6RQ.DE charges 0.25%/yr vs 0.30%/yr for EL42.DE.

Performance

D6RQ.DE vs. EL42.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka MSCI USA Climate Change ESG UCITS ETF (D6RQ.DE) and Deka MSCI Europe UCITS ETF (EL42.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, D6RQ.DE achieves a 14.41% return, which is significantly higher than EL42.DE's 7.59% return.

D6RQ.DE

• 1D: -0.56%
• 1M: 7.43%
• YTD: 14.41%
• 6M: 13.29%
• 1Y: 33.08%
• 3Y*: 23.10%
• 5Y*: 17.54%
• 10Y*: —

EL42.DE

• 1D: 0.56%
• 1M: 1.11%
• YTD: 7.59%
• 6M: 9.92%
• 1Y: 15.89%
• 3Y*: 13.43%
• 5Y*: 9.71%
• 10Y*: 8.94%

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

D6RQ.DE vs. EL42.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
D6RQ.DE Deka MSCI USA Climate Change ESG UCITS ETF	14.41%	4.36%	42.08%	34.15%	-22.07%	41.44%	12.56%
EL42.DE Deka MSCI Europe UCITS ETF	7.59%	20.03%	7.79%	15.64%	-9.11%	24.38%	9.25%

Correlation

The correlation between D6RQ.DE and EL42.DE is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020	0.61

The correlation between D6RQ.DE and EL42.DE has been stable across timeframes, ranging from 0.51 to 0.61 - a consistent structural relationship.

Return for Risk

D6RQ.DE vs. EL42.DE — Risk / Return Rank

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

D6RQ.DE

D6RQ.DE Risk / Return Rank: 61
D6RQ.DE Sharpe Ratio Rank: 69
D6RQ.DE Sortino Ratio Rank: 65
D6RQ.DE Omega Ratio Rank: 66
D6RQ.DE Calmar Ratio Rank: 55
D6RQ.DE Martin Ratio Rank: 48

EL42.DE

EL42.DE Risk / Return Rank: 36
EL42.DE Sharpe Ratio Rank: 36
EL42.DE Sortino Ratio Rank: 36
EL42.DE Omega Ratio Rank: 37
EL42.DE Calmar Ratio Rank: 34
EL42.DE Martin Ratio Rank: 40

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.

D6RQ.DE vs. EL42.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deka MSCI USA Climate Change ESG UCITS ETF (D6RQ.DE) and Deka MSCI Europe UCITS ETF (EL42.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.

	D6RQ.DE	EL42.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.23	1.25	+0.98
Sortino ratio: Return per unit of downside risk	2.97	1.85	+1.12
Omega ratio: Gain probability vs. loss probability	1.39	1.24	+0.15
Calmar ratio: Return relative to maximum drawdown	2.69	1.67	+1.03
Martin ratio: Return relative to average drawdown	7.85	6.24	+1.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

D6RQ.DE vs. EL42.DE - Sharpe Ratio Comparison

The current D6RQ.DE Sharpe Ratio is 2.23, which is higher than the EL42.DE Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of D6RQ.DE and EL42.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

	D6RQ.DE	EL42.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	1.25	+0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	0.68	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	0.60	+0.49

Drawdowns

D6RQ.DE vs. EL42.DE - Drawdown Comparison

The maximum D6RQ.DE drawdown since its inception was -27.29%, smaller than the maximum EL42.DE drawdown of -35.85%. Use the drawdown chart below to compare losses from any high point for D6RQ.DE and EL42.DE.

Drawdown Indicators

	D6RQ.DE	EL42.DE	Difference
Max Drawdown Largest peak-to-trough decline	-27.29%	-35.85%	+8.56%
Max Drawdown (1Y) Largest decline over 1 year	-12.28%	-9.57%	-2.71%
Max Drawdown (3Y) Largest decline over 3 years	-27.29%	-16.42%	-10.87%
Max Drawdown (5Y) Largest decline over 5 years	-27.29%	-19.44%	-7.85%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.85%	—
Current Drawdown Current decline from peak	-0.84%	-1.52%	+0.68%
Average Drawdown Average peak-to-trough decline	-5.82%	-5.32%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.22%	2.56%	+1.66%

Volatility

D6RQ.DE vs. EL42.DE - Volatility Comparison

Deka MSCI USA Climate Change ESG UCITS ETF (D6RQ.DE) and Deka MSCI Europe UCITS ETF (EL42.DE) have volatilities of 4.06% and 4.22%, 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.

Volatility by Period

	D6RQ.DE	EL42.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.06%	4.22%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	10.55%	-0.20%
Volatility (1Y) Calculated over the trailing 1-year period	14.84%	12.74%	+2.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.79%	14.21%	+3.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.56%	15.56%	+2.00%

D6RQ.DE vs. EL42.DE - Expense Ratio Comparison

D6RQ.DE has a 0.25% expense ratio, which is lower than EL42.DE's 0.30% expense ratio.

Dividends

D6RQ.DE vs. EL42.DE - Dividend Comparison

D6RQ.DE's dividend yield for the trailing twelve months is around 0.37%, less than EL42.DE's 2.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
D6RQ.DE Deka MSCI USA Climate Change ESG UCITS ETF	0.37%	0.53%	0.39%	0.60%	0.80%	0.46%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%
EL42.DE Deka MSCI Europe UCITS ETF	2.15%	2.31%	2.64%	2.59%	2.78%	2.09%	1.94%	2.76%	3.41%	2.72%	3.00%	2.69%

Frequently Asked Questions

Can I hold both D6RQ.DE and EL42.DE in my portfolio?

D6RQ.DE and EL42.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, D6RQ.DE or EL42.DE?

On fees, D6RQ.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, D6RQ.DE or EL42.DE?

D6RQ.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for EL42.DE.

What is the main difference between D6RQ.DE and EL42.DE?

D6RQ.DE is categorized as Large Cap Blend Equities, while EL42.DE is Europe Equities. D6RQ.DE tracks MSCI USA Climate Change ESG Select, while EL42.DE tracks MSCI Europe. Their fees differ too: 0.25% for D6RQ.DE and 0.30% for EL42.DE.