EL43.DE vs. FTGE.DE
EL43.DE (Deka MSCI Europe MC UCITS ETF) and FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) are both Europe Equities funds - EL43.DE tracks the MSCI Europe Mid Cap while FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone. Both are passively managed. Over the past 5 years, EL43.DE returned 7.18%/yr vs 11.59%/yr for FTGE.DE. A 0.76 correlation means they provide meaningful diversification when combined. EL43.DE charges 0.30%/yr vs 0.65%/yr for FTGE.DE.
Performance
EL43.DE vs. FTGE.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 lower than FTGE.DE's 13.73% return.
EL43.DE
- 1D
- 0.20%
- 1M
- -0.34%
- YTD
- 7.83%
- 6M
- 10.02%
- 1Y
- 14.97%
- 3Y*
- 14.70%
- 5Y*
- 7.18%
- 10Y*
- 8.48%
FTGE.DE
- 1D
- 0.51%
- 1M
- 0.87%
- YTD
- 13.73%
- 6M
- 16.65%
- 1Y
- 29.62%
- 3Y*
- 22.56%
- 5Y*
- 11.59%
- 10Y*
- —
EL43.DE vs. FTGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EL43.DE Deka MSCI Europe MC UCITS ETF | 7.83% | 23.35% | 7.52% | 14.30% | -19.19% | 21.35% | 27.04% |
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 13.73% | 39.79% | 9.52% | 12.43% | -14.37% | 20.47% | 24.16% |
Correlation
The correlation between EL43.DE and FTGE.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 19, 2020 | 0.76 |
The correlation between EL43.DE and FTGE.DE shifts across timeframes, from 0.69 (3 years) to 0.81 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EL43.DE vs. FTGE.DE — Risk / Return Rank
EL43.DE
FTGE.DE
EL43.DE vs. FTGE.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 First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.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 | FTGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.40 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.27 | -1.43 |
| Martin ratioReturn relative to average drawdown | 6.82 | 12.30 | -5.48 |
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 | FTGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.16 | -0.88 |
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 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.88 | -0.30 |
Drawdowns
EL43.DE vs. FTGE.DE - Drawdown Comparison
The maximum EL43.DE drawdown since its inception was -37.81%, which is greater than FTGE.DE's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for EL43.DE and FTGE.DE.
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Drawdown Indicators
| EL43.DE | FTGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.81% | -26.63% | -11.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -9.38% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -13.65% | -16.12% | +2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -29.37% | -26.63% | -2.74% |
Max Drawdown (10Y)Largest decline over 10 years | -37.81% | — | — |
Current DrawdownCurrent decline from peak | -1.88% | 0.00% | -1.88% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -5.40% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.50% | -0.23% |
Volatility
EL43.DE vs. FTGE.DE - Volatility Comparison
The current volatility for Deka MSCI Europe MC UCITS ETF (EL43.DE) is 3.39%, while First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) has a volatility of 3.83%. This indicates that EL43.DE experiences smaller price fluctuations and is considered to be less risky than FTGE.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 | FTGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 3.83% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 11.63% | -1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 14.23% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.64% | 17.58% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 18.41% | -0.82% |
EL43.DE vs. FTGE.DE - Expense Ratio Comparison
EL43.DE has a 0.30% expense ratio, which is lower than FTGE.DE's 0.65% expense ratio.
Dividends
EL43.DE vs. FTGE.DE - Dividend Comparison
EL43.DE's dividend yield for the trailing twelve months is around 2.19%, while FTGE.DE has not paid dividends to shareholders.
| 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% |
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 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
EL43.DE and FTGE.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL43.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL43.DE is cheaper with a 0.30% expense ratio, compared with 0.65% for FTGE.DE.
EL43.DE tracks MSCI Europe Mid Cap, while FTGE.DE tracks Nasdaq AlphaDEX® Eurozone. They also come from different issuers: Deka and First Trust. Their fees differ too: 0.30% for EL43.DE and 0.65% for FTGE.DE.
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