EL4F.DE vs. EL43.DE
EL4F.DE (Deka DAX (ausschüttend) UCITS ETF) and EL43.DE (Deka MSCI Europe MC UCITS ETF) are both Europe Equities funds from Deka - EL4F.DE tracks the DAX® while EL43.DE tracks the MSCI Europe Mid Cap. Both are passively managed. Over the past 10 years, EL4F.DE returned 8.87%/yr vs 8.48%/yr for EL43.DE. A 0.79 correlation means they provide meaningful diversification when combined. EL4F.DE charges 0.15%/yr vs 0.30%/yr for EL43.DE.
Performance
EL4F.DE vs. EL43.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4F.DE achieves a 1.34% return, which is significantly lower than EL43.DE's 7.83% return. Both investments have delivered pretty close results over the past 10 years, with EL4F.DE having a 8.87% annualized return and EL43.DE not far behind at 8.48%.
EL4F.DE
- 1D
- 0.54%
- 1M
- -0.05%
- YTD
- 1.34%
- 6M
- 3.38%
- 1Y
- 2.04%
- 3Y*
- 15.44%
- 5Y*
- 9.08%
- 10Y*
- 8.87%
EL43.DE
- 1D
- 0.20%
- 1M
- -0.34%
- YTD
- 7.83%
- 6M
- 10.02%
- 1Y
- 14.97%
- 3Y*
- 14.70%
- 5Y*
- 7.18%
- 10Y*
- 8.48%
EL4F.DE vs. EL43.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4F.DE Deka DAX (ausschüttend) UCITS ETF | 1.34% | 22.54% | 18.07% | 19.54% | -12.81% | 15.13% | 2.76% | 24.66% | -18.50% | 12.62% |
EL43.DE Deka MSCI Europe MC UCITS ETF | 7.83% | 23.35% | 7.52% | 14.30% | -19.19% | 21.35% | 4.43% | 31.27% | -13.55% | 14.21% |
Correlation
The correlation between EL4F.DE and EL43.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2009 | 0.79 |
The correlation between EL4F.DE and EL43.DE has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
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Return for Risk
EL4F.DE vs. EL43.DE — Risk / Return Rank
EL4F.DE
EL43.DE
EL4F.DE vs. EL43.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka DAX (ausschüttend) UCITS ETF (EL4F.DE) and Deka MSCI Europe MC UCITS ETF (EL43.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.
| EL4F.DE | EL43.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.24 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 1.84 | -1.66 |
| Martin ratioReturn relative to average drawdown | 0.57 | 6.82 | -6.25 |
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
| EL4F.DE | EL43.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 1.28 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.40 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.48 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.58 | -0.22 |
Drawdowns
EL4F.DE vs. EL43.DE - Drawdown Comparison
The maximum EL4F.DE drawdown since its inception was -45.08%, which is greater than EL43.DE's maximum drawdown of -37.81%. Use the drawdown chart below to compare losses from any high point for EL4F.DE and EL43.DE.
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Drawdown Indicators
| EL4F.DE | EL43.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.08% | -37.81% | -7.27% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -8.37% | -3.99% |
Max Drawdown (3Y)Largest decline over 3 years | -15.79% | -13.65% | -2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -26.71% | -29.37% | +2.66% |
Max Drawdown (10Y)Largest decline over 10 years | -38.59% | -37.81% | -0.78% |
Current DrawdownCurrent decline from peak | -2.26% | -1.88% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -6.32% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 2.27% | +1.71% |
Volatility
EL4F.DE vs. EL43.DE - Volatility Comparison
Deka DAX (ausschüttend) UCITS ETF (EL4F.DE) has a higher volatility of 5.16% compared to Deka MSCI Europe MC UCITS ETF (EL43.DE) at 3.39%. This indicates that EL4F.DE's price experiences larger fluctuations and is considered to be riskier than EL43.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4F.DE | EL43.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 3.39% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 9.78% | +3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.09% | 12.02% | +4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 17.64% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 17.59% | +0.66% |
EL4F.DE vs. EL43.DE - Expense Ratio Comparison
EL4F.DE has a 0.15% expense ratio, which is lower than EL43.DE's 0.30% expense ratio.
Dividends
EL4F.DE vs. EL43.DE - Dividend Comparison
EL4F.DE's dividend yield for the trailing twelve months is around 1.80%, less than EL43.DE's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL43.DE Deka MSCI Europe MC UCITS ETF | 2.19% | 2.69% | 4.09% | 2.52% | 2.53% | 1.64% | 1.79% | 2.18% | 2.56% | 1.60% | 2.76% | 2.05% |
EL4F.DE Deka DAX (ausschüttend) UCITS ETF | 1.80% | 1.82% | 2.10% | 2.63% | 2.72% | 1.86% | 2.19% | 2.42% | 2.94% | 2.76% | 2.66% | 2.70% |
Frequently Asked Questions
EL4F.DE and EL43.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4F.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4F.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for EL43.DE.
EL4F.DE tracks DAX®, while EL43.DE tracks MSCI Europe Mid Cap. Their fees differ too: 0.15% for EL4F.DE and 0.30% for EL43.DE.
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