EL4A.DE vs. ESIF.DE

Last updated Jun 16, 2026

EL4A.DE (Deka DAX UCITS ETF) and ESIF.DE (iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc)) are both exchange-traded funds - EL4A.DE is a Europe Equities fund tracking the DAX®, while ESIF.DE is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 5 years, EL4A.DE returned 9.04%/yr vs 20.35%/yr for ESIF.DE. A 0.79 correlation means they provide meaningful diversification when combined. EL4A.DE charges 0.15%/yr vs 0.18%/yr for ESIF.DE.

Performance

EL4A.DE vs. ESIF.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka DAX UCITS ETF (EL4A.DE) and iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EL4A.DE achieves a 1.14% return, which is significantly lower than ESIF.DE's 7.54% return.

EL4A.DE

• 1D: 1.07%
• 1M: 3.92%
• YTD: 1.14%
• 6M: 2.62%
• 1Y: 5.35%
• 3Y*: 14.41%
• 5Y*: 9.04%
• 10Y*: 9.42%

ESIF.DE

• 1D: 1.42%
• 1M: 6.38%
• YTD: 7.54%
• 6M: 11.44%
• 1Y: 29.59%
• 3Y*: 29.86%
• 5Y*: 20.35%
• 10Y*: —

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

EL4A.DE vs. ESIF.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EL4A.DE Deka DAX UCITS ETF	1.14%	22.57%	18.09%	19.52%	-12.75%	15.19%	4.46%
ESIF.DE iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc)	7.54%	47.72%	25.25%	21.60%	-2.85%	29.01%	2.38%

Correlation

The correlation between EL4A.DE and ESIF.DE is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020	0.79

The correlation between EL4A.DE and ESIF.DE has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.

Return for Risk

EL4A.DE vs. ESIF.DE — Risk / Return Rank

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

EL4A.DE

EL4A.DE Risk / Return Rank: 14
EL4A.DE Sharpe Ratio Rank: 14
EL4A.DE Sortino Ratio Rank: 13
EL4A.DE Omega Ratio Rank: 13
EL4A.DE Calmar Ratio Rank: 14
EL4A.DE Martin Ratio Rank: 15

ESIF.DE

ESIF.DE Risk / Return Rank: 51
ESIF.DE Sharpe Ratio Rank: 51
ESIF.DE Sortino Ratio Rank: 52
ESIF.DE Omega Ratio Rank: 48
ESIF.DE Calmar Ratio Rank: 52
ESIF.DE Martin Ratio Rank: 51

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.

EL4A.DE vs. ESIF.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deka DAX UCITS ETF (EL4A.DE) and iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.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.

	EL4A.DE	ESIF.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.33	1.62	-1.29
Sortino ratio: Return per unit of downside risk	0.59	2.33	-1.74
Omega ratio: Gain probability vs. loss probability	1.07	1.28	-0.21
Calmar ratio: Return relative to maximum drawdown	0.43	2.38	-1.95
Martin ratio: Return relative to average drawdown	1.34	8.11	-6.77

EL4A.DE vs. ESIF.DE - Sharpe Ratio Comparison

The current EL4A.DE Sharpe Ratio is 0.33, which is lower than the ESIF.DE Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of EL4A.DE and ESIF.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.

Drawdowns

EL4A.DE vs. ESIF.DE - Drawdown Comparison

The maximum EL4A.DE drawdown since its inception was -46.64%, which is greater than ESIF.DE's maximum drawdown of -22.87%. Use the drawdown chart below to compare losses from any high point for EL4A.DE and ESIF.DE.

Drawdown Indicators

	EL4A.DE	ESIF.DE	Difference
Max Drawdown Largest peak-to-trough decline	-46.64%	-22.87%	-23.77%
Max Drawdown (1Y) Largest decline over 1 year	-12.36%	-12.35%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-15.89%	-17.08%	+1.19%
Max Drawdown (5Y) Largest decline over 5 years	-26.76%	-22.87%	-3.89%
Max Drawdown (10Y) Largest decline over 10 years	-38.68%	—	—
Current Drawdown Current decline from peak	-2.44%	0.00%	-2.44%
Average Drawdown Average peak-to-trough decline	-8.88%	-4.12%	-4.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	3.62%	+0.35%

Volatility

EL4A.DE vs. ESIF.DE - Volatility Comparison

The current volatility for Deka DAX UCITS ETF (EL4A.DE) is 4.42%, while iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.DE) has a volatility of 5.58%. This indicates that EL4A.DE experiences smaller price fluctuations and is considered to be less risky than ESIF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EL4A.DE	ESIF.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	5.58%	-1.16%
Volatility (6M) Calculated over the trailing 6-month period	13.11%	14.93%	-1.82%
Volatility (1Y) Calculated over the trailing 1-year period	16.23%	18.27%	-2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	19.05%	-1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.33%	18.88%	-0.55%

EL4A.DE vs. ESIF.DE - Expense Ratio Comparison

EL4A.DE has a 0.15% expense ratio, which is lower than ESIF.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EL4A.DE vs. ESIF.DE - Dividend Comparison

Neither EL4A.DE nor ESIF.DE has paid dividends to shareholders.

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%
ESIF.DE iShares MSCI Europe Financials Sector UCITS ETF EUR (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

Can I hold both EL4A.DE and ESIF.DE in my portfolio?

EL4A.DE and ESIF.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EL4A.DE or ESIF.DE?

On fees, EL4A.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EL4A.DE or ESIF.DE?

EL4A.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for ESIF.DE.

What is the main difference between EL4A.DE and ESIF.DE?

EL4A.DE is categorized as Europe Equities, while ESIF.DE is Financials Equities. EL4A.DE tracks DAX®, while ESIF.DE tracks MSCI World/Financials NR USD. They also come from different issuers: Deka and iShares. Their fees differ too: 0.15% for EL4A.DE and 0.18% for ESIF.DE.