EL4C.DE vs. MVEE.DE
EL4C.DE (Deka STOXX Europe Strong Growth 20 UCITS ETF) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - EL4C.DE tracks the STOXX® Europe Strong Growth 20 while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, EL4C.DE returned -3.48%/yr vs 6.17%/yr for MVEE.DE. A 0.66 correlation means they provide meaningful diversification when combined. EL4C.DE charges 0.65%/yr vs 0.25%/yr for MVEE.DE.
Performance
EL4C.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4C.DE achieves a 10.64% return, which is significantly higher than MVEE.DE's 8.14% return.
EL4C.DE
- 1D
- 0.11%
- 1M
- -3.93%
- YTD
- 10.64%
- 6M
- 11.52%
- 1Y
- 3.98%
- 3Y*
- 2.02%
- 5Y*
- -3.48%
- 10Y*
- 8.09%
MVEE.DE
- 1D
- 0.92%
- 1M
- 1.27%
- YTD
- 8.14%
- 6M
- 8.67%
- 1Y
- 11.72%
- 3Y*
- 10.33%
- 5Y*
- 6.17%
- 10Y*
- —
EL4C.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EL4C.DE Deka STOXX Europe Strong Growth 20 UCITS ETF | 10.64% | -3.32% | -6.07% | 15.55% | -36.03% | 26.23% | 39.87% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 8.14% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between EL4C.DE and MVEE.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.66 |
Over the past year, the correlation between EL4C.DE and MVEE.DE has dropped to 0.39 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
EL4C.DE vs. MVEE.DE — Risk / Return Rank
EL4C.DE
MVEE.DE
EL4C.DE vs. MVEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka STOXX Europe Strong Growth 20 UCITS ETF (EL4C.DE) and iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.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.
| EL4C.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.22 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 1.58 | -1.30 |
| Martin ratioReturn relative to average drawdown | 0.60 | 5.45 | -4.85 |
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Drawdowns
EL4C.DE vs. MVEE.DE - Drawdown Comparison
The maximum EL4C.DE drawdown since its inception was -49.78%, which is greater than MVEE.DE's maximum drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for EL4C.DE and MVEE.DE.
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Drawdown Indicators
| EL4C.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.78% | -20.19% | -29.59% |
Max Drawdown (1Y)Largest decline over 1 year | -14.27% | -7.40% | -6.87% |
Max Drawdown (3Y)Largest decline over 3 years | -28.07% | -12.19% | -15.88% |
Max Drawdown (5Y)Largest decline over 5 years | -44.48% | -20.19% | -24.29% |
Max Drawdown (10Y)Largest decline over 10 years | -44.48% | — | — |
Current DrawdownCurrent decline from peak | -27.14% | 0.00% | -27.14% |
Average DrawdownAverage peak-to-trough decline | -16.64% | -4.50% | -12.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 2.15% | +4.51% |
Volatility
EL4C.DE vs. MVEE.DE - Volatility Comparison
Deka STOXX Europe Strong Growth 20 UCITS ETF (EL4C.DE) has a higher volatility of 5.67% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.19%. This indicates that EL4C.DE's price experiences larger fluctuations and is considered to be riskier than MVEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4C.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.67% | 2.19% | +3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 17.94% | 8.16% | +9.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.11% | 9.93% | +12.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.63% | 12.08% | +10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.14% | 12.47% | +8.67% |
EL4C.DE vs. MVEE.DE - Expense Ratio Comparison
EL4C.DE has a 0.65% expense ratio, which is higher than MVEE.DE's 0.25% expense ratio.
Dividends
EL4C.DE vs. MVEE.DE - Dividend Comparison
EL4C.DE's dividend yield for the trailing twelve months is around 0.88%, while MVEE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4C.DE Deka STOXX Europe Strong Growth 20 UCITS ETF | 0.88% | 0.79% | 0.67% | 0.42% | 4.57% | 0.00% | 0.00% | 0.00% | 0.21% | 0.16% | 0.24% | 0.17% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (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
EL4C.DE and MVEE.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEE.DE is cheaper with a 0.25% expense ratio, compared with 0.65% for EL4C.DE.
EL4C.DE tracks STOXX® Europe Strong Growth 20, while MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: Deka and iShares. Their fees differ too: 0.65% for EL4C.DE and 0.25% for MVEE.DE.
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