EL45.DE vs. 36B4.DE
EL45.DE (Deka MSCI Japan Climate Change ESG CTB UCITS ETF) and 36B4.DE (iShares MSCI Japan SRI UCITS ETF USD Dist) are both Japan Equities funds - EL45.DE tracks the MSCI Japan Climate Change ESG Select CTB Index while 36B4.DE tracks the MSCI Japan SRI Select Reduced Fossil Fuels. Both are passively managed. Over the past 5 years, EL45.DE returned 7.46%/yr vs 4.99%/yr for 36B4.DE. Their correlation of 0.80 suggests significant overlap in exposure. EL45.DE charges 0.26%/yr vs 0.20%/yr for 36B4.DE.
Performance
EL45.DE vs. 36B4.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL45.DE achieves a 15.53% return, which is significantly higher than 36B4.DE's 9.48% return.
EL45.DE
- 1D
- -1.72%
- 1M
- -0.71%
- 6M
- 10.63%
- YTD
- 15.53%
- 1Y
- 31.86%
- 3Y*
- 14.27%
- 5Y*
- 7.46%
- 10Y*
- 383.57%
36B4.DE
- 1D
- -1.25%
- 1M
- 5.00%
- 6M
- 5.52%
- YTD
- 9.48%
- 1Y
- 22.17%
- 3Y*
- 9.80%
- 5Y*
- 4.99%
- 10Y*
- —
EL45.DE vs. 36B4.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EL45.DE Deka MSCI Japan Climate Change ESG CTB UCITS ETF | 15.53% | 10.57% | 11.51% | 12.77% | -14.83% | 9.65% | 491,262.69% | 775.76% |
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 9.48% | 6.64% | 9.02% | 9.56% | -13.77% | 9.87% | 6.38% | 16.82% |
Correlation
The correlation between EL45.DE and 36B4.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 | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2019 | 0.80 |
The correlation between EL45.DE and 36B4.DE has been stable across timeframes, ranging from 0.80 to 0.90 - a consistent structural relationship.
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Return for Risk
EL45.DE vs. 36B4.DE — Risk / Return Rank
EL45.DE
36B4.DE
EL45.DE vs. 36B4.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI Japan Climate Change ESG CTB UCITS ETF (EL45.DE) and iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EL45.DE | 36B4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.22 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 2.04 | +0.84 |
| Martin ratioReturn relative to average drawdown | 9.57 | 5.90 | +3.67 |
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Drawdowns
EL45.DE vs. 36B4.DE - Drawdown Comparison
The maximum EL45.DE drawdown since its inception was -23.54%, smaller than the maximum 36B4.DE drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for EL45.DE and 36B4.DE.
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Drawdown Indicators
| EL45.DE | 36B4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.54% | -26.98% | +3.44% |
Max Drawdown (1Y)Largest decline over 1 year | -11.55% | -10.82% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -16.76% | -15.67% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -21.28% | -21.57% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -22.36% | — | — |
Current DrawdownCurrent decline from peak | -5.46% | -1.25% | -4.21% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -7.09% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 3.75% | -0.28% |
Volatility
EL45.DE vs. 36B4.DE - Volatility Comparison
Deka MSCI Japan Climate Change ESG CTB UCITS ETF (EL45.DE) has a higher volatility of 7.50% compared to iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.DE) at 5.12%. This indicates that EL45.DE's price experiences larger fluctuations and is considered to be riskier than 36B4.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL45.DE | 36B4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 5.12% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 16.07% | 14.23% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.84% | 18.43% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 16.34% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21,842.13% | 17.26% | +21,824.87% |
EL45.DE vs. 36B4.DE - Expense Ratio Comparison
EL45.DE has a 0.26% expense ratio, which is higher than 36B4.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EL45.DE vs. 36B4.DE - Dividend Comparison
EL45.DE's dividend yield for the trailing twelve months is around 1.46%, which matches 36B4.DE's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 1.47% | 1.46% | 1.38% | 1.81% | 2.45% | 1.54% | 1.60% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% |
EL45.DE Deka MSCI Japan Climate Change ESG CTB UCITS ETF | 1.46% | 1.77% | 1.49% | 1.64% | 1.95% | 2.07% | 165.19% | 81.94% | 42.51% | 159.77% | 62.28% | 103.93% |
Frequently Asked Questions
EL45.DE and 36B4.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.
On fees, 36B4.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36B4.DE is cheaper with a 0.20% expense ratio, compared with 0.26% for EL45.DE.
EL45.DE tracks MSCI Japan Climate Change ESG Select CTB Index, while 36B4.DE tracks MSCI Japan SRI Select Reduced Fossil Fuels. They also come from different issuers: Deka and iShares. Their fees differ too: 0.26% for EL45.DE and 0.20% for 36B4.DE.
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