EL4E.DE vs. EXXX.DE
EL4E.DE (Deka STOXX Europe Strong Style Composite 40 UCITS ETF) and EXXX.DE (iShares ATX UCITS ETF (DE)) are both Europe Equities funds - EL4E.DE tracks the STOXX Europe Strong Style Composite 40 Index while EXXX.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, EL4E.DE returned 8.89%/yr vs 14.37%/yr for EXXX.DE. A 0.66 correlation means they provide meaningful diversification when combined. EL4E.DE charges 0.66%/yr vs 0.32%/yr for EXXX.DE.
Performance
EL4E.DE vs. EXXX.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 lower than EXXX.DE's 24.87% return. Over the past 10 years, EL4E.DE has underperformed EXXX.DE with an annualized return of 8.89%, while EXXX.DE has yielded a comparatively higher 14.37% 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%
EXXX.DE
- 1D
- -0.33%
- 1M
- 1.29%
- 6M
- 22.20%
- YTD
- 24.87%
- 1Y
- 48.74%
- 3Y*
- 31.23%
- 5Y*
- 17.90%
- 10Y*
- 14.37%
EL4E.DE vs. EXXX.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% |
EXXX.DE iShares ATX UCITS ETF (DE) | 24.87% | 51.31% | 10.39% | 13.71% | -16.43% | 42.16% | -11.27% | 19.95% | -18.96% | 32.71% |
Correlation
The correlation between EL4E.DE and EXXX.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2008 | 0.66 |
The correlation between EL4E.DE and EXXX.DE has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.
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Return for Risk
EL4E.DE vs. EXXX.DE — Risk / Return Rank
EL4E.DE
EXXX.DE
EL4E.DE vs. EXXX.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 ATX UCITS ETF (DE) (EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.47 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 4.53 | -3.68 |
| Martin ratioReturn relative to average drawdown | 2.36 | 15.24 | -12.89 |
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Drawdowns
EL4E.DE vs. EXXX.DE - Drawdown Comparison
The maximum EL4E.DE drawdown since its inception was -50.61%, smaller than the maximum EXXX.DE drawdown of -71.43%. Use the drawdown chart below to compare losses from any high point for EL4E.DE and EXXX.DE.
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Drawdown Indicators
| EL4E.DE | EXXX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.61% | -71.43% | +20.82% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -10.71% | -2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -22.95% | -16.11% | -6.84% |
Max Drawdown (5Y)Largest decline over 5 years | -40.69% | -32.69% | -8.00% |
Max Drawdown (10Y)Largest decline over 10 years | -40.69% | -52.90% | +12.21% |
Current DrawdownCurrent decline from peak | -3.49% | -1.64% | -1.85% |
Average DrawdownAverage peak-to-trough decline | -12.61% | -28.46% | +15.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 3.19% | +1.52% |
Volatility
EL4E.DE vs. EXXX.DE - Volatility Comparison
Deka STOXX Europe Strong Style Composite 40 UCITS ETF (EL4E.DE) has a higher volatility of 5.26% compared to iShares ATX UCITS ETF (DE) (EXXX.DE) at 5.00%. This indicates that EL4E.DE's price experiences larger fluctuations and is considered to be riskier than EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 5.00% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 14.65% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 17.46% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.43% | 19.14% | +3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 19.93% | +0.06% |
EL4E.DE vs. EXXX.DE - Expense Ratio Comparison
EL4E.DE has a 0.66% expense ratio, which is higher than EXXX.DE's 0.32% expense ratio.
Dividends
EL4E.DE vs. EXXX.DE - Dividend Comparison
EL4E.DE's dividend yield for the trailing twelve months is around 1.30%, less than EXXX.DE's 2.95% 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% |
EXXX.DE iShares ATX UCITS ETF (DE) | 2.95% | 2.53% | 4.30% | 3.53% | 3.61% | 1.04% | 1.18% | 1.73% | 0.48% | 0.65% | 1.08% | 1.65% |
Frequently Asked Questions
EL4E.DE and EXXX.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXXX.DE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXXX.DE is cheaper with a 0.32% expense ratio, compared with 0.66% for EL4E.DE.
EL4E.DE tracks STOXX Europe Strong Style Composite 40 Index, while EXXX.DE tracks ATX Index. They also come from different issuers: Deka and iShares. Their fees differ too: 0.66% for EL4E.DE and 0.32% for EXXX.DE.
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