EL4A.DE vs. EUPA.DE
EL4A.DE (Deka DAX UCITS ETF) and EUPA.DE (Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD)) are both Europe Equities funds - EL4A.DE tracks the DAX® while EUPA.DE tracks the Shiller Barclays CAPE® Global Sector. Both are passively managed. Over the past 3 years, EL4A.DE returned 15.42%/yr vs 17.95%/yr for EUPA.DE. A 0.62 correlation means they provide meaningful diversification when combined. EL4A.DE charges 0.15%/yr vs 0.65%/yr for EUPA.DE.
Performance
EL4A.DE vs. EUPA.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 EUPA.DE's 8.36% 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%
EUPA.DE
- 1D
- 0.63%
- 1M
- -0.88%
- YTD
- 8.36%
- 6M
- 9.89%
- 1Y
- 17.44%
- 3Y*
- 17.95%
- 5Y*
- —
- 10Y*
- —
EL4A.DE vs. EUPA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EL4A.DE Deka DAX UCITS ETF | 1.28% | 22.57% | 18.09% | 7.68% |
EUPA.DE Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) | 8.36% | 18.38% | 13.54% | 11.13% |
Correlation
The correlation between EL4A.DE and EUPA.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.62 |
The correlation between EL4A.DE and EUPA.DE has been stable across timeframes, ranging from 0.55 to 0.62 - a consistent structural relationship.
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Return for Risk
EL4A.DE vs. EUPA.DE — Risk / Return Rank
EL4A.DE
EUPA.DE
EL4A.DE vs. EUPA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka DAX UCITS ETF (EL4A.DE) and Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) (EUPA.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 | EUPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.28 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 2.02 | -1.84 |
| Martin ratioReturn relative to average drawdown | 0.56 | 7.49 | -6.93 |
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 | EUPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 1.57 | -1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 1.30 | -0.93 |
Drawdowns
EL4A.DE vs. EUPA.DE - Drawdown Comparison
The maximum EL4A.DE drawdown since its inception was -46.64%, which is greater than EUPA.DE's maximum drawdown of -10.28%. Use the drawdown chart below to compare losses from any high point for EL4A.DE and EUPA.DE.
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Drawdown Indicators
| EL4A.DE | EUPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.64% | -10.28% | -36.36% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -8.44% | -3.90% |
Max Drawdown (3Y)Largest decline over 3 years | -15.89% | -10.28% | -5.61% |
Max Drawdown (5Y)Largest decline over 5 years | -26.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.68% | — | — |
Current DrawdownCurrent decline from peak | -2.29% | -2.77% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -8.91% | -1.91% | -7.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 2.28% | +1.70% |
Volatility
EL4A.DE vs. EUPA.DE - Volatility Comparison
Deka DAX UCITS ETF (EL4A.DE) has a higher volatility of 5.14% compared to Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) (EUPA.DE) at 3.63%. This indicates that EL4A.DE's price experiences larger fluctuations and is considered to be riskier than EUPA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4A.DE | EUPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 3.63% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 9.03% | +3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.09% | 10.84% | +5.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 12.40% | +4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 12.40% | +5.96% |
EL4A.DE vs. EUPA.DE - Expense Ratio Comparison
EL4A.DE has a 0.15% expense ratio, which is lower than EUPA.DE's 0.65% expense ratio.
Dividends
EL4A.DE vs. EUPA.DE - Dividend Comparison
Neither EL4A.DE nor EUPA.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% |
EUPA.DE Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) | 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
EL4A.DE and EUPA.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
EL4A.DE is cheaper with a 0.15% expense ratio, compared with 0.65% for EUPA.DE.
EL4A.DE tracks DAX®, while EUPA.DE tracks Shiller Barclays CAPE® Global Sector. They also come from different issuers: Deka and Franklin Templeton. Their fees differ too: 0.15% for EL4A.DE and 0.65% for EUPA.DE.
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