D6RR.DE vs. EL4A.DE
D6RR.DE (Deka MSCI Europe Climate Change ESG UCITS ETF) and EL4A.DE (Deka DAX UCITS ETF) are both Europe Equities funds from Deka - D6RR.DE tracks the MSCI Europe Climate Change ESG Select while EL4A.DE tracks the DAX®. Both are passively managed. Over the past 5 years, D6RR.DE returned 7.43%/yr vs 9.09%/yr for EL4A.DE. Their correlation of 0.88 suggests significant overlap in exposure. D6RR.DE charges 0.25%/yr vs 0.15%/yr for EL4A.DE.
Performance
D6RR.DE vs. EL4A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, D6RR.DE achieves a 4.41% return, which is significantly higher than EL4A.DE's 1.28% return.
D6RR.DE
- 1D
- 0.83%
- 1M
- 1.37%
- YTD
- 4.41%
- 6M
- 6.61%
- 1Y
- 9.76%
- 3Y*
- 10.38%
- 5Y*
- 7.43%
- 10Y*
- —
EL4A.DE
- 1D
- 0.51%
- 1M
- -0.07%
- YTD
- 1.28%
- 6M
- 3.34%
- 1Y
- 2.01%
- 3Y*
- 15.42%
- 5Y*
- 9.09%
- 10Y*
- 8.89%
D6RR.DE vs. EL4A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
D6RR.DE Deka MSCI Europe Climate Change ESG UCITS ETF | 4.41% | 13.01% | 10.17% | 15.40% | -13.96% | 26.07% | 10.31% |
EL4A.DE Deka DAX UCITS ETF | 1.28% | 22.57% | 18.09% | 19.52% | -12.77% | 15.21% | 7.97% |
Correlation
The correlation between D6RR.DE and EL4A.DE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.88 |
The correlation between D6RR.DE and EL4A.DE has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
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Return for Risk
D6RR.DE vs. EL4A.DE — Risk / Return Rank
D6RR.DE
EL4A.DE
D6RR.DE vs. EL4A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI Europe Climate Change ESG UCITS ETF (D6RR.DE) and Deka DAX UCITS ETF (EL4A.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.
| D6RR.DE | EL4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.04 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.18 | +0.68 |
| Martin ratioReturn relative to average drawdown | 2.99 | 0.56 | +2.43 |
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
| D6RR.DE | EL4A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 0.14 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.52 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.37 | +0.33 |
Drawdowns
D6RR.DE vs. EL4A.DE - Drawdown Comparison
The maximum D6RR.DE drawdown since its inception was -22.80%, smaller than the maximum EL4A.DE drawdown of -46.64%. Use the drawdown chart below to compare losses from any high point for D6RR.DE and EL4A.DE.
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Drawdown Indicators
| D6RR.DE | EL4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.80% | -46.64% | +23.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -12.34% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -17.54% | -15.89% | -1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -22.80% | -26.76% | +3.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.68% | — |
Current DrawdownCurrent decline from peak | -1.47% | -2.29% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -8.91% | +4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 3.98% | -0.80% |
Volatility
D6RR.DE vs. EL4A.DE - Volatility Comparison
The current volatility for Deka MSCI Europe Climate Change ESG UCITS ETF (D6RR.DE) is 4.11%, while Deka DAX UCITS ETF (EL4A.DE) has a volatility of 5.14%. This indicates that D6RR.DE experiences smaller price fluctuations and is considered to be less risky than EL4A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| D6RR.DE | EL4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 5.14% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 12.97% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 16.09% | -2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.80% | 17.18% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.76% | 18.36% | -3.60% |
D6RR.DE vs. EL4A.DE - Expense Ratio Comparison
D6RR.DE has a 0.25% expense ratio, which is higher than EL4A.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
D6RR.DE vs. EL4A.DE - Dividend Comparison
D6RR.DE's dividend yield for the trailing twelve months is around 2.11%, while EL4A.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D6RR.DE Deka MSCI Europe Climate Change ESG UCITS ETF | 2.11% | 2.14% | 2.18% | 2.08% | 2.28% | 1.66% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL4A.DE Deka DAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.56% | 0.65% | 0.60% |
Frequently Asked Questions
D6RR.DE and EL4A.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4A.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4A.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for D6RR.DE.
D6RR.DE tracks MSCI Europe Climate Change ESG Select, while EL4A.DE tracks DAX®. Their fees differ too: 0.25% for D6RR.DE and 0.15% for EL4A.DE.
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