EL4F.DE vs. ELF0.DE
EL4F.DE (Deka DAX (ausschüttend) UCITS ETF) and ELF0.DE (Deka DAX ex Financials 30 UCITS ETF) are both Europe Equities funds from Deka - EL4F.DE tracks the DAX® while ELF0.DE tracks the DAX® ex Financials 30. Both are passively managed. Over the past 10 years, EL4F.DE returned 8.95%/yr vs 7.06%/yr for ELF0.DE. With a 0.96 correlation, they move nearly in lockstep. EL4F.DE charges 0.15%/yr vs 0.30%/yr for ELF0.DE.
Performance
EL4F.DE vs. ELF0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4F.DE achieves a 1.60% return, which is significantly lower than ELF0.DE's 3.94% return. Over the past 10 years, EL4F.DE has outperformed ELF0.DE with an annualized return of 8.95%, while ELF0.DE has yielded a comparatively lower 7.06% annualized return.
EL4F.DE
- 1D
- -0.44%
- 1M
- 0.43%
- 6M
- -1.47%
- YTD
- 1.60%
- 1Y
- 3.44%
- 3Y*
- 15.18%
- 5Y*
- 9.35%
- 10Y*
- 8.95%
ELF0.DE
- 1D
- -0.59%
- 1M
- -2.04%
- 6M
- -1.24%
- YTD
- 3.94%
- 1Y
- 4.68%
- 3Y*
- 12.06%
- 5Y*
- 6.07%
- 10Y*
- 7.06%
EL4F.DE vs. ELF0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4F.DE Deka DAX (ausschüttend) UCITS ETF | 1.60% | 22.54% | 18.07% | 19.54% | -12.81% | 15.13% | 2.76% | 24.66% | -18.50% | 12.43% |
ELF0.DE Deka DAX ex Financials 30 UCITS ETF | 3.94% | 22.31% | 11.89% | 15.27% | -18.05% | 14.04% | 5.09% | 23.61% | -20.30% | 11.11% |
Correlation
The correlation between EL4F.DE and ELF0.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2013 | 0.96 |
The correlation between EL4F.DE and ELF0.DE has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
EL4F.DE vs. ELF0.DE — Risk / Return Rank
EL4F.DE
ELF0.DE
EL4F.DE vs. ELF0.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 DAX ex Financials 30 UCITS ETF (ELF0.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.
| EL4F.DE | ELF0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.06 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 0.38 | -0.10 |
| Martin ratioReturn relative to average drawdown | 0.87 | 1.17 | -0.29 |
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Drawdowns
EL4F.DE vs. ELF0.DE - Drawdown Comparison
The maximum EL4F.DE drawdown since its inception was -45.32%, which is greater than ELF0.DE's maximum drawdown of -41.12%. Use the drawdown chart below to compare losses from any high point for EL4F.DE and ELF0.DE.
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Drawdown Indicators
| EL4F.DE | ELF0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.32% | -41.12% | -4.20% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -12.23% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -15.79% | -17.49% | +1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -26.70% | -31.17% | +4.47% |
Max Drawdown (10Y)Largest decline over 10 years | -38.59% | -41.12% | +2.53% |
Current DrawdownCurrent decline from peak | -3.11% | -4.50% | +1.39% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -8.49% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 4.01% | -0.07% |
Volatility
EL4F.DE vs. ELF0.DE - Volatility Comparison
The current volatility for Deka DAX (ausschüttend) UCITS ETF (EL4F.DE) is 4.68%, while Deka DAX ex Financials 30 UCITS ETF (ELF0.DE) has a volatility of 5.43%. This indicates that EL4F.DE experiences smaller price fluctuations and is considered to be less risky than ELF0.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 | ELF0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 5.43% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 13.67% | 14.85% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 17.56% | -1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 18.47% | -1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 18.62% | -0.62% |
EL4F.DE vs. ELF0.DE - Expense Ratio Comparison
EL4F.DE has a 0.15% expense ratio, which is lower than ELF0.DE's 0.30% expense ratio.
Dividends
EL4F.DE vs. ELF0.DE - Dividend Comparison
EL4F.DE's dividend yield for the trailing twelve months is around 2.11%, more than ELF0.DE's 2.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4F.DE Deka DAX (ausschüttend) UCITS ETF | 2.11% | 1.82% | 2.10% | 2.63% | 2.72% | 1.86% | 2.19% | 2.42% | 2.94% | 2.60% | 2.66% | 2.70% |
ELF0.DE Deka DAX ex Financials 30 UCITS ETF | 2.02% | 2.10% | 2.35% | 3.01% | 2.78% | 1.58% | 1.74% | 2.22% | 2.59% | 2.24% | 1.99% | 2.18% |
Frequently Asked Questions
With a correlation of 0.92, EL4F.DE and ELF0.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 ELF0.DE.
EL4F.DE tracks DAX®, while ELF0.DE tracks DAX® ex Financials 30. Their fees differ too: 0.15% for EL4F.DE and 0.30% for ELF0.DE.
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