EL40.DE vs. ISX5.L
EL40.DE (Deka MSCI Emerging Markets UCITS ETF ) and ISX5.L (iShares Core EURO STOXX 50 UCITS ETF) are both exchange-traded funds - EL40.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while ISX5.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, EL40.DE returned 7.38%/yr vs 11.54%/yr for ISX5.L. At a 0.44 correlation, their price movements are largely independent. EL40.DE charges 0.66%/yr vs 0.00%/yr for ISX5.L.
Performance
EL40.DE vs. ISX5.L - Performance Comparison
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Different Trading Currencies
EL40.DE is traded in EUR, while ISX5.L is traded in USD. To make them comparable, the ISX5.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EL40.DE achieves a 26.76% return, which is significantly higher than ISX5.L's 7.60% return.
EL40.DE
- 1D
- -2.26%
- 1M
- 3.66%
- YTD
- 26.76%
- 6M
- 26.78%
- 1Y
- 47.15%
- 3Y*
- 19.57%
- 5Y*
- 7.38%
- 10Y*
- 9.07%
ISX5.L
- 1D
- 0.79%
- 1M
- 4.63%
- YTD
- 7.60%
- 6M
- 8.66%
- 1Y
- 15.81%
- 3Y*
- 15.29%
- 5Y*
- 11.54%
- 10Y*
- —
EL40.DE vs. ISX5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL40.DE Deka MSCI Emerging Markets UCITS ETF | 26.76% | 17.86% | 13.11% | 4.33% | -14.87% | 4.55% | 5.36% | 20.78% | -11.51% | 19.00% |
ISX5.L iShares Core EURO STOXX 50 UCITS ETF | 7.61% | 21.05% | 12.08% | 22.35% | -8.29% | 23.18% | -2.40% | 28.37% | -11.58% | 10.47% |
Correlation
The correlation between EL40.DE and ISX5.L is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2016 | 0.44 |
The correlation between EL40.DE and ISX5.L has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
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Return for Risk
EL40.DE vs. ISX5.L — Risk / Return Rank
EL40.DE
ISX5.L
EL40.DE vs. ISX5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI Emerging Markets UCITS ETF (EL40.DE) and iShares Core EURO STOXX 50 UCITS ETF (ISX5.L). 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.
| EL40.DE | ISX5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.18 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 1.46 | +1.42 |
| Martin ratioReturn relative to average drawdown | 7.00 | 4.93 | +2.07 |
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
| EL40.DE | ISX5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 0.93 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.65 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.66 | -0.36 |
Drawdowns
EL40.DE vs. ISX5.L - Drawdown Comparison
The maximum EL40.DE drawdown since its inception was -36.65%, roughly equal to the maximum ISX5.L drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for EL40.DE and ISX5.L.
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Drawdown Indicators
| EL40.DE | ISX5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.65% | -36.52% | -0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -16.53% | -10.77% | -5.76% |
Max Drawdown (3Y)Largest decline over 3 years | -18.17% | -16.22% | -1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -25.06% | -24.00% | -1.06% |
Max Drawdown (10Y)Largest decline over 10 years | -31.59% | — | — |
Current DrawdownCurrent decline from peak | -3.01% | 0.00% | -3.01% |
Average DrawdownAverage peak-to-trough decline | -11.60% | -5.38% | -6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.82% | 3.20% | +3.62% |
Volatility
EL40.DE vs. ISX5.L - Volatility Comparison
Deka MSCI Emerging Markets UCITS ETF (EL40.DE) has a higher volatility of 8.00% compared to iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) at 5.58%. This indicates that EL40.DE's price experiences larger fluctuations and is considered to be riskier than ISX5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL40.DE | ISX5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.00% | 5.58% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 15.83% | 13.85% | +1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.69% | 16.96% | +9.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.75% | 18.77% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.44% | 21.09% | -0.65% |
EL40.DE vs. ISX5.L - Expense Ratio Comparison
EL40.DE has a 0.66% expense ratio, which is higher than ISX5.L's 0.00% expense ratio.
Dividends
EL40.DE vs. ISX5.L - Dividend Comparison
Neither EL40.DE nor ISX5.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL40.DE Deka MSCI Emerging Markets UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.07% | 0.00% | 0.02% | 0.00% |
ISX5.L iShares Core EURO STOXX 50 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EL40.DE and ISX5.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISX5.L is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISX5.L is cheaper with a 0.00% expense ratio, compared with 0.66% for EL40.DE.
EL40.DE is categorized as Emerging Markets Equities, while ISX5.L is Europe Equities. EL40.DE tracks MSCI Emerging Markets, while ISX5.L tracks MSCI EMU NR EUR. They also come from different issuers: Deka Investment GmbH and iShares. Their fees differ too: 0.66% for EL40.DE and 0.00% for ISX5.L.
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