EL42.DE vs. S6X0.DE
EL42.DE (Deka MSCI Europe UCITS ETF) and S6X0.DE (Invesco EURO STOXX 50 UCITS ETF Dist) are both Europe Equities funds - EL42.DE tracks the MSCI Europe while S6X0.DE tracks the EURO STOXX 50. Both are passively managed. Over the past 10 years, EL42.DE returned 8.94%/yr vs 10.39%/yr for S6X0.DE. A 0.63 correlation means they provide meaningful diversification when combined. EL42.DE charges 0.30%/yr vs 0.05%/yr for S6X0.DE.
Performance
EL42.DE vs. S6X0.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EL42.DE having a 7.59% return and S6X0.DE slightly lower at 7.30%. Over the past 10 years, EL42.DE has underperformed S6X0.DE with an annualized return of 8.94%, while S6X0.DE has yielded a comparatively higher 10.39% annualized return.
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%
S6X0.DE
- 1D
- 0.75%
- 1M
- 1.98%
- YTD
- 7.30%
- 6M
- 8.70%
- 1Y
- 15.59%
- 3Y*
- 15.53%
- 5Y*
- 11.36%
- 10Y*
- 10.39%
EL42.DE vs. S6X0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL42.DE Deka MSCI Europe UCITS ETF | 7.59% | 20.03% | 7.79% | 15.64% | -9.11% | 24.38% | -3.36% | 27.36% | -10.93% | 10.10% |
S6X0.DE Invesco EURO STOXX 50 UCITS ETF Dist | 7.30% | 22.02% | 10.94% | 22.42% | -8.98% | 23.10% | -3.21% | 30.30% | -13.84% | 12.57% |
Correlation
The correlation between EL42.DE and S6X0.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2009 | 0.63 |
Over the past year, EL42.DE and S6X0.DE have become more correlated (0.95) than their long-term average of 0.63, meaning their price movements have been converging.
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Return for Risk
EL42.DE vs. S6X0.DE — Risk / Return Rank
EL42.DE
S6X0.DE
EL42.DE vs. S6X0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI Europe UCITS ETF (EL42.DE) and Invesco EURO STOXX 50 UCITS ETF Dist (S6X0.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.
| EL42.DE | S6X0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.18 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.44 | +0.23 |
| Martin ratioReturn relative to average drawdown | 6.24 | 4.89 | +1.35 |
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
| EL42.DE | S6X0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.98 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.65 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.63 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.51 | +0.09 |
Drawdowns
EL42.DE vs. S6X0.DE - Drawdown Comparison
The maximum EL42.DE drawdown since its inception was -35.85%, smaller than the maximum S6X0.DE drawdown of -38.54%. Use the drawdown chart below to compare losses from any high point for EL42.DE and S6X0.DE.
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Drawdown Indicators
| EL42.DE | S6X0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.85% | -38.54% | +2.69% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -10.88% | +1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -16.56% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -23.41% | +3.97% |
Max Drawdown (10Y)Largest decline over 10 years | -35.85% | -38.54% | +2.69% |
Current DrawdownCurrent decline from peak | -1.52% | -0.51% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -6.82% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 3.21% | -0.65% |
Volatility
EL42.DE vs. S6X0.DE - Volatility Comparison
The current volatility for Deka MSCI Europe UCITS ETF (EL42.DE) is 4.22%, while Invesco EURO STOXX 50 UCITS ETF Dist (S6X0.DE) has a volatility of 4.96%. This indicates that EL42.DE experiences smaller price fluctuations and is considered to be less risky than S6X0.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 | S6X0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 4.96% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 12.92% | -2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.74% | 15.93% | -3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 17.56% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 20.60% | -5.04% |
EL42.DE vs. S6X0.DE - Expense Ratio Comparison
EL42.DE has a 0.30% expense ratio, which is higher than S6X0.DE's 0.05% expense ratio.
Dividends
EL42.DE vs. S6X0.DE - Dividend Comparison
EL42.DE's dividend yield for the trailing twelve months is around 2.15%, less than S6X0.DE's 2.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
S6X0.DE Invesco EURO STOXX 50 UCITS ETF Dist | 2.78% | 2.99% | 3.38% | 3.17% | 3.10% | 2.47% | 2.53% | 3.48% | 3.69% | 2.92% | 3.18% | 3.05% |
Frequently Asked Questions
With a correlation of 0.95, EL42.DE and S6X0.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, S6X0.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
S6X0.DE is cheaper with a 0.05% expense ratio, compared with 0.30% for EL42.DE.
EL42.DE tracks MSCI Europe, while S6X0.DE tracks EURO STOXX 50. They also come from different issuers: Deka and Invesco. Their fees differ too: 0.30% for EL42.DE and 0.05% for S6X0.DE.
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