EL4A.DE vs. EL4B.DE
EL4A.DE (Deka DAX UCITS ETF) and EL4B.DE (Deka EURO STOXX 50 UCITS ETF) are both Europe Equities funds from Deka - EL4A.DE tracks the DAX® while EL4B.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, EL4A.DE returned 8.89%/yr vs 10.43%/yr for EL4B.DE. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
EL4A.DE vs. EL4B.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4A.DE achieves a 1.28% return, which is significantly lower than EL4B.DE's 7.06% return. Over the past 10 years, EL4A.DE has underperformed EL4B.DE with an annualized return of 8.89%, while EL4B.DE has yielded a comparatively higher 10.43% annualized return.
EL4A.DE
- 1D
- 0.51%
- 1M
- -0.07%
- YTD
- 1.28%
- 6M
- 3.34%
- 1Y
- 2.01%
- 3Y*
- 15.42%
- 5Y*
- 9.09%
- 10Y*
- 8.89%
EL4B.DE
- 1D
- 0.71%
- 1M
- 1.73%
- YTD
- 7.06%
- 6M
- 8.43%
- 1Y
- 15.56%
- 3Y*
- 15.51%
- 5Y*
- 11.39%
- 10Y*
- 10.43%
EL4A.DE vs. EL4B.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4A.DE Deka DAX UCITS ETF | 1.28% | 22.57% | 18.09% | 19.52% | -12.77% | 15.21% | 3.01% | 24.61% | -18.58% | 12.49% |
EL4B.DE Deka EURO STOXX 50 UCITS ETF | 7.06% | 22.15% | 10.94% | 22.39% | -8.81% | 23.20% | -3.07% | 29.97% | -11.84% | 10.41% |
Correlation
The correlation between EL4A.DE and EL4B.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2008 | 0.92 |
The correlation between EL4A.DE and EL4B.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
EL4A.DE vs. EL4B.DE — Risk / Return Rank
EL4A.DE
EL4B.DE
EL4A.DE vs. EL4B.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka DAX UCITS ETF (EL4A.DE) and Deka EURO STOXX 50 UCITS ETF (EL4B.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.
| EL4A.DE | EL4B.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.18 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 1.42 | -1.24 |
| Martin ratioReturn relative to average drawdown | 0.56 | 4.84 | -4.28 |
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
| EL4A.DE | EL4B.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.98 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.65 | -0.12 |
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 | 0.37 | 0.30 | +0.07 |
Drawdowns
EL4A.DE vs. EL4B.DE - Drawdown Comparison
The maximum EL4A.DE drawdown since its inception was -46.64%, smaller than the maximum EL4B.DE drawdown of -52.03%. Use the drawdown chart below to compare losses from any high point for EL4A.DE and EL4B.DE.
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Drawdown Indicators
| EL4A.DE | EL4B.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.64% | -52.03% | +5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -10.98% | -1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.89% | -16.47% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -26.76% | -23.30% | -3.46% |
Max Drawdown (10Y)Largest decline over 10 years | -38.68% | -38.24% | -0.44% |
Current DrawdownCurrent decline from peak | -2.29% | -0.68% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -8.91% | -11.30% | +2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 3.23% | +0.75% |
Volatility
EL4A.DE vs. EL4B.DE - Volatility Comparison
Deka DAX UCITS ETF (EL4A.DE) and Deka EURO STOXX 50 UCITS ETF (EL4B.DE) have volatilities of 5.14% and 4.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4A.DE | EL4B.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 4.94% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 12.91% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.09% | 15.90% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 17.43% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 18.13% | +0.23% |
EL4A.DE vs. EL4B.DE - Expense Ratio Comparison
Both EL4A.DE and EL4B.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EL4A.DE vs. EL4B.DE - Dividend Comparison
EL4A.DE has not paid dividends to shareholders, while EL4B.DE's dividend yield for the trailing twelve months is around 2.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4A.DE Deka DAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.56% | 0.65% | 0.60% |
EL4B.DE Deka EURO STOXX 50 UCITS ETF | 2.19% | 2.36% | 2.77% | 2.77% | 2.85% | 2.22% | 2.06% | 3.04% | 4.02% | 3.31% | 3.23% | 3.34% |
Frequently Asked Questions
With a correlation of 0.91, EL4A.DE and EL4B.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EL4A.DE and EL4B.DE have the same expense ratio: 0.15% per year.
EL4A.DE tracks DAX®, while EL4B.DE tracks EURO STOXX® 50.
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