EL4E.DE vs. EUN0.DE
EL4E.DE (Deka STOXX Europe Strong Style Composite 40 UCITS ETF) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - EL4E.DE tracks the STOXX Europe Strong Style Composite 40 Index while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 10 years, EL4E.DE returned 8.89%/yr vs 6.85%/yr for EUN0.DE. A 0.71 correlation means they provide meaningful diversification when combined. EL4E.DE charges 0.66%/yr vs 0.25%/yr for EUN0.DE.
Performance
EL4E.DE vs. EUN0.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EL4E.DE achieves a 6.79% return, which is significantly lower than EUN0.DE's 8.25% return. Over the past 10 years, EL4E.DE has outperformed EUN0.DE with an annualized return of 8.89%, while EUN0.DE has yielded a comparatively lower 6.85% 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%
EUN0.DE
- 1D
- -0.16%
- 1M
- 1.38%
- 6M
- 6.73%
- YTD
- 8.25%
- 1Y
- 11.36%
- 3Y*
- 11.86%
- 5Y*
- 7.00%
- 10Y*
- 6.85%
EL4E.DE vs. EUN0.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% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 8.25% | 12.27% | 11.42% | 10.79% | -13.21% | 21.52% | -4.02% | 24.18% | -4.36% | 9.14% |
Correlation
The correlation between EL4E.DE and EUN0.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2013 | 0.71 |
Over the past year, the correlation between EL4E.DE and EUN0.DE has dropped to 0.51 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EL4E.DE vs. EUN0.DE — Risk / Return Rank
EL4E.DE
EUN0.DE
EL4E.DE vs. EUN0.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 iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.23 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 1.58 | -0.73 |
| Martin ratioReturn relative to average drawdown | 2.36 | 4.89 | -2.53 |
Loading charts...
Drawdowns
EL4E.DE vs. EUN0.DE - Drawdown Comparison
The maximum EL4E.DE drawdown since its inception was -50.61%, which is greater than EUN0.DE's maximum drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for EL4E.DE and EUN0.DE.
Loading charts...
Drawdown Indicators
| EL4E.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.61% | -30.68% | -19.93% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -7.16% | -5.83% |
Max Drawdown (3Y)Largest decline over 3 years | -22.95% | -10.73% | -12.22% |
Max Drawdown (5Y)Largest decline over 5 years | -40.69% | -19.64% | -21.05% |
Max Drawdown (10Y)Largest decline over 10 years | -40.69% | -30.68% | -10.01% |
Current DrawdownCurrent decline from peak | -3.49% | -0.84% | -2.65% |
Average DrawdownAverage peak-to-trough decline | -12.61% | -4.66% | -7.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 2.32% | +2.39% |
Volatility
EL4E.DE vs. EUN0.DE - Volatility Comparison
Deka STOXX Europe Strong Style Composite 40 UCITS ETF (EL4E.DE) has a higher volatility of 5.26% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 2.48%. This indicates that EL4E.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EL4E.DE | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 2.48% | +2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 7.50% | +7.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 9.04% | +9.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.43% | 11.03% | +11.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 12.21% | +7.78% |
EL4E.DE vs. EUN0.DE - Expense Ratio Comparison
EL4E.DE has a 0.66% expense ratio, which is higher than EUN0.DE's 0.25% expense ratio.
Dividends
EL4E.DE vs. EUN0.DE - Dividend Comparison
EL4E.DE's dividend yield for the trailing twelve months is around 1.30%, while EUN0.DE has not paid dividends to shareholders.
| 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% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 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
EL4E.DE and EUN0.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN0.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN0.DE is cheaper with a 0.25% expense ratio, compared with 0.66% for EL4E.DE.
EL4E.DE tracks STOXX Europe Strong Style Composite 40 Index, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: Deka and iShares. Their fees differ too: 0.66% for EL4E.DE and 0.25% for EUN0.DE.
Find the right allocation for EL4E.DE and EUN0.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer