EL4E.DE vs. EL4X.DE
EL4E.DE (Deka STOXX Europe Strong Style Composite 40 UCITS ETF) and EL4X.DE (Deka DAXplus Maximum Dividend UCITS ETF) are both Europe Equities funds from Deka - EL4E.DE tracks the STOXX Europe Strong Style Composite 40 Index while EL4X.DE tracks the DAXplus® Maximum Dividend. Both are passively managed. Over the past 10 years, EL4E.DE returned 8.89%/yr vs 1.88%/yr for EL4X.DE. A 0.74 correlation means they provide meaningful diversification when combined. EL4E.DE charges 0.66%/yr vs 0.30%/yr for EL4X.DE.
Performance
EL4E.DE vs. EL4X.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4E.DE achieves a 6.79% return, which is significantly higher than EL4X.DE's 6.39% return. Over the past 10 years, EL4E.DE has outperformed EL4X.DE with an annualized return of 8.89%, while EL4X.DE has yielded a comparatively lower 1.88% annualized return.
EL4E.DE
- 1D
- -0.17%
- 1M
- -0.50%
- 6M
- 0.99%
- YTD
- 6.79%
- 1Y
- 9.67%
- 3Y*
- 10.78%
- 5Y*
- 2.65%
- 10Y*
- 8.89%
EL4X.DE
- 1D
- 0.87%
- 1M
- -1.60%
- 6M
- 4.26%
- YTD
- 6.39%
- 1Y
- 6.06%
- 3Y*
- 8.30%
- 5Y*
- 2.51%
- 10Y*
- 1.88%
EL4E.DE vs. EL4X.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4E.DE Deka STOXX Europe Strong Style Composite 40 UCITS ETF | 6.79% | 10.62% | 11.03% | 16.21% | -27.49% | 23.99% | 14.63% | 31.38% | -7.27% | 14.23% |
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 6.39% | 14.14% | -1.45% | 26.37% | -20.07% | 9.05% | -2.95% | 11.24% | -23.98% | 5.70% |
Correlation
The correlation between EL4E.DE and EL4X.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2009 | 0.74 |
The correlation between EL4E.DE and EL4X.DE has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.
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Return for Risk
EL4E.DE vs. EL4X.DE — Risk / Return Rank
EL4E.DE
EL4X.DE
EL4E.DE vs. EL4X.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka STOXX Europe Strong Style Composite 40 UCITS ETF (EL4E.DE) and Deka DAXplus Maximum Dividend UCITS ETF (EL4X.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.
| EL4E.DE | EL4X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.08 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 0.61 | +0.24 |
| Martin ratioReturn relative to average drawdown | 2.36 | 1.30 | +1.05 |
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Drawdowns
EL4E.DE vs. EL4X.DE - Drawdown Comparison
The maximum EL4E.DE drawdown since its inception was -50.61%, smaller than the maximum EL4X.DE drawdown of -56.06%. Use the drawdown chart below to compare losses from any high point for EL4E.DE and EL4X.DE.
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Drawdown Indicators
| EL4E.DE | EL4X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.61% | -56.06% | +5.45% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -9.87% | -3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -22.95% | -16.60% | -6.35% |
Max Drawdown (5Y)Largest decline over 5 years | -40.69% | -34.51% | -6.18% |
Max Drawdown (10Y)Largest decline over 10 years | -40.69% | -56.06% | +15.37% |
Current DrawdownCurrent decline from peak | -3.49% | -3.25% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -12.61% | -14.55% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 4.64% | +0.07% |
Volatility
EL4E.DE vs. EL4X.DE - Volatility Comparison
The current volatility for Deka STOXX Europe Strong Style Composite 40 UCITS ETF (EL4E.DE) is 5.26%, while Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) has a volatility of 5.86%. This indicates that EL4E.DE experiences smaller price fluctuations and is considered to be less risky than EL4X.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4E.DE | EL4X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 5.86% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 13.32% | +1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 16.00% | +2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.43% | 17.04% | +5.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 18.18% | +1.81% |
EL4E.DE vs. EL4X.DE - Expense Ratio Comparison
EL4E.DE has a 0.66% expense ratio, which is higher than EL4X.DE's 0.30% expense ratio.
Dividends
EL4E.DE vs. EL4X.DE - Dividend Comparison
EL4E.DE's dividend yield for the trailing twelve months is around 1.30%, less than EL4X.DE's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4E.DE Deka STOXX Europe Strong Style Composite 40 UCITS ETF | 1.30% | 0.93% | 1.28% | 0.60% | 2.51% | 0.23% | 0.95% | 1.28% | 1.02% | 0.23% | 2.62% | 1.99% |
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 4.56% | 5.11% | 7.17% | 5.99% | 8.64% | 3.83% | 2.89% | 6.21% | 0.42% | 7.17% | 7.37% | 5.62% |
Frequently Asked Questions
EL4E.DE and EL4X.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4X.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4X.DE is cheaper with a 0.30% expense ratio, compared with 0.66% for EL4E.DE.
EL4E.DE tracks STOXX Europe Strong Style Composite 40 Index, while EL4X.DE tracks DAXplus® Maximum Dividend. Their fees differ too: 0.66% for EL4E.DE and 0.30% for EL4X.DE.
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