EL42.DE vs. ELFA.DE
EL42.DE (Deka MSCI Europe UCITS ETF) and ELFA.DE (Deka EURO STOXX 50 (thesaurierend) UCITS ETF) are both Europe Equities funds from Deka - EL42.DE tracks the MSCI Europe while ELFA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, EL42.DE returned 9.30%/yr vs 11.02%/yr for ELFA.DE. Their correlation of 0.90 suggests significant overlap in exposure. EL42.DE charges 0.30%/yr vs 0.15%/yr for ELFA.DE.
Performance
EL42.DE vs. ELFA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL42.DE achieves a 10.70% return, which is significantly higher than ELFA.DE's 8.04% return. Over the past 10 years, EL42.DE has underperformed ELFA.DE with an annualized return of 9.30%, while ELFA.DE has yielded a comparatively higher 11.02% annualized return.
EL42.DE
- 1D
- 0.18%
- 1M
- 1.35%
- 6M
- 7.36%
- YTD
- 10.70%
- 1Y
- 20.79%
- 3Y*
- 14.47%
- 5Y*
- 10.16%
- 10Y*
- 9.30%
ELFA.DE
- 1D
- 0.16%
- 1M
- 0.53%
- 6M
- 5.32%
- YTD
- 8.04%
- 1Y
- 18.99%
- 3Y*
- 15.29%
- 5Y*
- 12.71%
- 10Y*
- 11.02%
EL42.DE vs. ELFA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL42.DE Deka MSCI Europe UCITS ETF | 10.70% | 20.05% | 7.78% | 15.64% | -9.45% | 24.88% | -3.36% | 27.34% | -10.95% | 10.10% |
ELFA.DE Deka EURO STOXX 50 (thesaurierend) UCITS ETF | 8.04% | 22.03% | 13.92% | 23.28% | -10.58% | 27.40% | -3.88% | 29.78% | -11.88% | 10.02% |
Correlation
The correlation between EL42.DE and ELFA.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 4, 2015 | 0.90 |
The correlation between EL42.DE and ELFA.DE has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
EL42.DE vs. ELFA.DE — Risk / Return Rank
EL42.DE
ELFA.DE
EL42.DE vs. ELFA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI Europe UCITS ETF (EL42.DE) and Deka EURO STOXX 50 (thesaurierend) UCITS ETF (ELFA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EL42.DE | ELFA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.21 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.54 | +0.62 |
| Martin ratioReturn relative to average drawdown | 8.34 | 5.14 | +3.20 |
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Drawdowns
EL42.DE vs. ELFA.DE - Drawdown Comparison
The maximum EL42.DE drawdown since its inception was -35.83%, smaller than the maximum ELFA.DE drawdown of -38.14%. Use the drawdown chart below to compare losses from any high point for EL42.DE and ELFA.DE.
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Drawdown Indicators
| EL42.DE | ELFA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.83% | -38.14% | +2.31% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -12.29% | +2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -16.41% | -16.35% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -19.42% | -23.33% | +3.91% |
Max Drawdown (10Y)Largest decline over 10 years | -35.83% | -38.14% | +2.31% |
Current DrawdownCurrent decline from peak | -1.58% | -1.69% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -6.53% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 3.69% | -1.20% |
Volatility
EL42.DE vs. ELFA.DE - Volatility Comparison
The current volatility for Deka MSCI Europe UCITS ETF (EL42.DE) is 3.23%, while Deka EURO STOXX 50 (thesaurierend) UCITS ETF (ELFA.DE) has a volatility of 3.99%. This indicates that EL42.DE experiences smaller price fluctuations and is considered to be less risky than ELFA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL42.DE | ELFA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 3.99% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 14.35% | -3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.92% | 17.03% | -4.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 17.89% | -3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.15% | 18.05% | -2.90% |
EL42.DE vs. ELFA.DE - Expense Ratio Comparison
EL42.DE has a 0.30% expense ratio, which is higher than ELFA.DE's 0.15% expense ratio.
Dividends
EL42.DE vs. ELFA.DE - Dividend Comparison
EL42.DE's dividend yield for the trailing twelve months is around 2.21%, less than ELFA.DE's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL42.DE Deka MSCI Europe UCITS ETF | 2.21% | 2.31% | 2.64% | 2.59% | 2.78% | 2.08% | 1.94% | 2.76% | 3.41% | 2.72% | 3.00% | 2.69% |
ELFA.DE Deka EURO STOXX 50 (thesaurierend) UCITS ETF | 2.35% | 2.29% | 2.65% | 3.30% | 1.48% | 2.07% | 0.00% | 0.00% | 0.73% | 0.81% | 0.59% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, EL42.DE and ELFA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ELFA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ELFA.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for EL42.DE.
EL42.DE tracks MSCI Europe, while ELFA.DE tracks EURO STOXX® 50. Their fees differ too: 0.30% for EL42.DE and 0.15% for ELFA.DE.
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