EL43.DE vs. VALD.DE

Last updated Jun 5, 2026

EL43.DE (Deka MSCI Europe MC UCITS ETF) and VALD.DE (BNP Paribas Easy ESG Value Europe UCITS ETF) are both Europe Equities funds - EL43.DE tracks the MSCI Europe Mid Cap while VALD.DE tracks the BNP Paribas Value Europe ESG. Both are passively managed. Over the past 5 years, EL43.DE returned 7.18%/yr vs 7.81%/yr for VALD.DE. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.

Performance

EL43.DE vs. VALD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka MSCI Europe MC UCITS ETF (EL43.DE) and BNP Paribas Easy ESG Value Europe UCITS ETF (VALD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EL43.DE achieves a 7.83% return, which is significantly lower than VALD.DE's 10.40% 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%

VALD.DE

• 1D: 0.88%
• 1M: 1.88%
• YTD: 10.40%
• 6M: 13.48%
• 1Y: 18.73%
• 3Y*: 16.67%
• 5Y*: 7.81%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EL43.DE vs. VALD.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%	9.51%
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF	10.40%	23.55%	9.24%	14.99%	-19.44%	23.32%	-12.12%	17.75%	-12.42%	14.18%

Correlation

The correlation between EL43.DE and VALD.DE is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Feb 15, 2017	0.83

The correlation between EL43.DE and VALD.DE has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

Return for Risk

EL43.DE vs. VALD.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EL43.DE

EL43.DE Risk / Return Rank: 38
EL43.DE Sharpe Ratio Rank: 37
EL43.DE Sortino Ratio Rank: 36
EL43.DE Omega Ratio Rank: 37
EL43.DE Calmar Ratio Rank: 39
EL43.DE Martin Ratio Rank: 42

VALD.DE

VALD.DE Risk / Return Rank: 49
VALD.DE Sharpe Ratio Rank: 47
VALD.DE Sortino Ratio Rank: 47
VALD.DE Omega Ratio Rank: 48
VALD.DE Calmar Ratio Rank: 50
VALD.DE Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EL43.DE vs. VALD.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 BNP Paribas Easy ESG Value Europe UCITS ETF (VALD.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	VALD.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.28	1.62	-0.33
Sortino ratio: Return per unit of downside risk	1.85	2.30	-0.45
Omega ratio: Gain probability vs. loss probability	1.24	1.30	-0.06
Calmar ratio: Return relative to maximum drawdown	1.84	2.47	-0.63
Martin ratio: Return relative to average drawdown	6.82	8.35	-1.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EL43.DE vs. VALD.DE - Sharpe Ratio Comparison

The current EL43.DE Sharpe Ratio is 1.28, which is comparable to the VALD.DE Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of EL43.DE and VALD.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EL43.DE	VALD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	1.62	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.54	-0.13
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	0.39	+0.19

Drawdowns

EL43.DE vs. VALD.DE - Drawdown Comparison

The maximum EL43.DE drawdown since its inception was -37.81%, smaller than the maximum VALD.DE drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for EL43.DE and VALD.DE.

Drawdown Indicators

	EL43.DE	VALD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-37.81%	-41.02%	+3.21%
Max Drawdown (1Y) Largest decline over 1 year	-8.37%	-7.54%	-0.83%
Max Drawdown (3Y) Largest decline over 3 years	-13.65%	-14.17%	+0.52%
Max Drawdown (5Y) Largest decline over 5 years	-29.37%	-31.14%	+1.77%
Max Drawdown (10Y) Largest decline over 10 years	-37.81%	—	—
Current Drawdown Current decline from peak	-1.88%	-0.96%	-0.92%
Average Drawdown Average peak-to-trough decline	-6.32%	-8.18%	+1.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	2.24%	+0.03%

Volatility

EL43.DE vs. VALD.DE - Volatility Comparison

The current volatility for Deka MSCI Europe MC UCITS ETF (EL43.DE) is 3.39%, while BNP Paribas Easy ESG Value Europe UCITS ETF (VALD.DE) has a volatility of 3.80%. This indicates that EL43.DE experiences smaller price fluctuations and is considered to be less risky than VALD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EL43.DE	VALD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	3.80%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	9.78%	9.29%	+0.49%
Volatility (1Y) Calculated over the trailing 1-year period	12.02%	11.54%	+0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	14.41%	+3.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.59%	15.89%	+1.70%

EL43.DE vs. VALD.DE - Expense Ratio Comparison

Both EL43.DE and VALD.DE have an expense ratio of 0.30%.

Dividends

EL43.DE vs. VALD.DE - Dividend Comparison

EL43.DE's dividend yield for the trailing twelve months is around 2.19%, less than VALD.DE's 3.00% 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%
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF	3.00%	3.36%	3.35%	3.36%	3.99%	2.17%	5.02%	4.92%	4.84%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EL43.DE and VALD.DE in my portfolio?

EL43.DE and VALD.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EL43.DE or VALD.DE?

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EL43.DE or VALD.DE?

EL43.DE and VALD.DE have the same expense ratio: 0.30% per year.

What is the main difference between EL43.DE and VALD.DE?

EL43.DE tracks MSCI Europe Mid Cap, while VALD.DE tracks BNP Paribas Value Europe ESG. They also come from different issuers: Deka and BNP Paribas.