EL43.DE vs. EUN2.DE
EL43.DE (Deka MSCI Europe MC UCITS ETF) and EUN2.DE (iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)) are both Europe Equities funds - EL43.DE tracks the MSCI Europe Mid Cap while EUN2.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, EL43.DE returned 8.48%/yr vs 10.53%/yr for EUN2.DE. A 0.69 correlation means they provide meaningful diversification when combined. EL43.DE charges 0.30%/yr vs 0.10%/yr for EUN2.DE.
Performance
EL43.DE vs. EUN2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL43.DE achieves a 7.83% return, which is significantly higher than EUN2.DE's 7.12% return. Over the past 10 years, EL43.DE has underperformed EUN2.DE with an annualized return of 8.48%, while EUN2.DE has yielded a comparatively higher 10.53% annualized return.
EL43.DE
- 1D
- 0.20%
- 1M
- 1.26%
- YTD
- 7.83%
- 6M
- 10.02%
- 1Y
- 15.49%
- 3Y*
- 14.70%
- 5Y*
- 7.18%
- 10Y*
- 8.48%
EUN2.DE
- 1D
- 0.76%
- 1M
- 4.55%
- YTD
- 7.12%
- 6M
- 8.58%
- 1Y
- 15.76%
- 3Y*
- 15.61%
- 5Y*
- 11.50%
- 10Y*
- 10.53%
EL43.DE vs. EUN2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL43.DE Deka MSCI Europe MC UCITS ETF | 7.83% | 23.35% | 7.52% | 14.30% | -19.19% | 21.35% | 4.43% | 31.27% | -13.55% | 14.21% |
EUN2.DE iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) | 7.12% | 22.24% | 10.97% | 22.70% | -8.84% | 23.49% | -3.00% | 30.05% | -12.00% | 10.20% |
Correlation
The correlation between EL43.DE and EUN2.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2009 | 0.69 |
The correlation between EL43.DE and EUN2.DE shifts across timeframes, from 0.69 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EL43.DE vs. EUN2.DE — Risk / Return Rank
EL43.DE
EUN2.DE
EL43.DE vs. EUN2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI Europe MC UCITS ETF (EL43.DE) and iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUN2.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.
| EL43.DE | EUN2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| 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 | 1.84 | 1.43 | +0.42 |
| Martin ratioReturn relative to average drawdown | 6.82 | 4.86 | +1.96 |
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
| EL43.DE | EUN2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 0.99 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.65 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.57 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.17 | +0.41 |
Drawdowns
EL43.DE vs. EUN2.DE - Drawdown Comparison
The maximum EL43.DE drawdown since its inception was -37.81%, smaller than the maximum EUN2.DE drawdown of -65.11%. Use the drawdown chart below to compare losses from any high point for EL43.DE and EUN2.DE.
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Drawdown Indicators
| EL43.DE | EUN2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.81% | -65.11% | +27.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -10.98% | +2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -13.65% | -16.46% | +2.81% |
Max Drawdown (5Y)Largest decline over 5 years | -29.37% | -23.30% | -6.07% |
Max Drawdown (10Y)Largest decline over 10 years | -37.81% | -38.35% | +0.54% |
Current DrawdownCurrent decline from peak | -1.88% | -0.57% | -1.31% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -19.35% | +13.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 3.24% | -0.97% |
Volatility
EL43.DE vs. EUN2.DE - Volatility Comparison
The current volatility for Deka MSCI Europe MC UCITS ETF (EL43.DE) is 3.39%, while iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUN2.DE) has a volatility of 4.96%. This indicates that EL43.DE experiences smaller price fluctuations and is considered to be less risky than EUN2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL43.DE | EUN2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 4.96% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 12.88% | -3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 15.93% | -3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.64% | 17.46% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 18.23% | -0.64% |
EL43.DE vs. EUN2.DE - Expense Ratio Comparison
EL43.DE has a 0.30% expense ratio, which is higher than EUN2.DE's 0.10% expense ratio.
Dividends
EL43.DE vs. EUN2.DE - Dividend Comparison
EL43.DE's dividend yield for the trailing twelve months is around 2.19%, less than EUN2.DE's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL43.DE Deka MSCI Europe MC UCITS ETF | 2.19% | 2.69% | 4.09% | 2.52% | 2.53% | 1.64% | 1.79% | 2.18% | 2.56% | 1.60% | 2.76% | 2.05% |
EUN2.DE iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) | 2.55% | 2.51% | 3.02% | 3.02% | 2.92% | 2.05% | 2.15% | 3.02% | 3.70% | 2.85% | 3.38% | 2.93% |
Frequently Asked Questions
EL43.DE and EUN2.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN2.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN2.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for EL43.DE.
EL43.DE tracks MSCI Europe Mid Cap, while EUN2.DE tracks EURO STOXX® 50. They also come from different issuers: Deka and iShares. Their fees differ too: 0.30% for EL43.DE and 0.10% for EUN2.DE.
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