EL43.DE vs. SXRJ.DE
EL43.DE (Deka MSCI Europe MC UCITS ETF) and SXRJ.DE (iShares MSCI EMU Small Cap UCITS ETF (Acc)) are both Europe Equities funds - EL43.DE tracks the MSCI Europe Mid Cap while SXRJ.DE tracks the MSCI EMU Small Cap. Both are passively managed. Over the past 10 years, EL43.DE returned 8.48%/yr vs 9.05%/yr for SXRJ.DE. Their correlation of 0.84 suggests significant overlap in exposure. EL43.DE charges 0.30%/yr vs 0.58%/yr for SXRJ.DE.
Performance
EL43.DE vs. SXRJ.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 SXRJ.DE's 10.87% return. Over the past 10 years, EL43.DE has underperformed SXRJ.DE with an annualized return of 8.48%, while SXRJ.DE has yielded a comparatively higher 9.05% 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%
SXRJ.DE
- 1D
- 0.05%
- 1M
- 2.75%
- YTD
- 10.87%
- 6M
- 13.69%
- 1Y
- 17.11%
- 3Y*
- 13.45%
- 5Y*
- 6.53%
- 10Y*
- 9.05%
EL43.DE vs. SXRJ.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% |
SXRJ.DE iShares MSCI EMU Small Cap UCITS ETF (Acc) | 10.87% | 25.22% | -0.19% | 14.41% | -16.60% | 23.00% | 5.26% | 29.83% | -17.96% | 23.99% |
Correlation
The correlation between EL43.DE and SXRJ.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2009 | 0.84 |
The correlation between EL43.DE and SXRJ.DE has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
EL43.DE vs. SXRJ.DE — Risk / Return Rank
EL43.DE
SXRJ.DE
EL43.DE vs. SXRJ.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 MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.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 | SXRJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.60 | +0.25 |
| Martin ratioReturn relative to average drawdown | 6.82 | 5.95 | +0.86 |
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 | SXRJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.24 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.40 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.55 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.59 | -0.01 |
Drawdowns
EL43.DE vs. SXRJ.DE - Drawdown Comparison
The maximum EL43.DE drawdown since its inception was -37.81%, roughly equal to the maximum SXRJ.DE drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for EL43.DE and SXRJ.DE.
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Drawdown Indicators
| EL43.DE | SXRJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.81% | -39.38% | +1.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -10.68% | +2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -13.65% | -15.73% | +2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -29.37% | -29.43% | +0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -37.81% | -39.38% | +1.57% |
Current DrawdownCurrent decline from peak | -1.88% | -1.35% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -7.44% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.87% | -0.60% |
Volatility
EL43.DE vs. SXRJ.DE - Volatility Comparison
The current volatility for Deka MSCI Europe MC UCITS ETF (EL43.DE) is 3.39%, while iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.DE) has a volatility of 4.04%. This indicates that EL43.DE experiences smaller price fluctuations and is considered to be less risky than SXRJ.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 | SXRJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 4.04% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 11.42% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 13.80% | -1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.64% | 16.23% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 16.28% | +1.31% |
EL43.DE vs. SXRJ.DE - Expense Ratio Comparison
EL43.DE has a 0.30% expense ratio, which is lower than SXRJ.DE's 0.58% expense ratio.
Dividends
EL43.DE vs. SXRJ.DE - Dividend Comparison
EL43.DE's dividend yield for the trailing twelve months is around 2.19%, while SXRJ.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% |
SXRJ.DE iShares MSCI EMU Small Cap 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 SXRJ.DE have a correlation of 0.83, 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 0.58% for SXRJ.DE.
EL43.DE tracks MSCI Europe Mid Cap, while SXRJ.DE tracks MSCI EMU Small Cap. They also come from different issuers: Deka and iShares. Their fees differ too: 0.30% for EL43.DE and 0.58% for SXRJ.DE.
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