EL4F.DE vs. ELF1.DE
EL4F.DE (Deka DAX (ausschüttend) UCITS ETF) and ELF1.DE (Deka MDAX UCITS ETF) are both Europe Equities funds from Deka - EL4F.DE tracks the DAX® while ELF1.DE tracks the MDAX®. Both are passively managed. Over the past 10 years, EL4F.DE returned 8.87%/yr vs 4.24%/yr for ELF1.DE. Their correlation of 0.85 suggests significant overlap in exposure. EL4F.DE charges 0.15%/yr vs 0.30%/yr for ELF1.DE.
Performance
EL4F.DE vs. ELF1.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 ELF1.DE's 6.68% return. Over the past 10 years, EL4F.DE has outperformed ELF1.DE with an annualized return of 8.87%, while ELF1.DE has yielded a comparatively lower 4.24% annualized return.
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%
ELF1.DE
- 1D
- 0.16%
- 1M
- 2.99%
- YTD
- 6.68%
- 6M
- 9.93%
- 1Y
- 4.70%
- 3Y*
- 6.10%
- 5Y*
- -1.03%
- 10Y*
- 4.24%
EL4F.DE vs. ELF1.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% |
ELF1.DE Deka MDAX UCITS ETF | 6.68% | 19.01% | -5.82% | 7.32% | -28.88% | 13.39% | 8.33% | 30.58% | -17.98% | 17.52% |
Correlation
The correlation between EL4F.DE and ELF1.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 14, 2014 | 0.85 |
The correlation between EL4F.DE and ELF1.DE has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
EL4F.DE vs. ELF1.DE — Risk / Return Rank
EL4F.DE
ELF1.DE
EL4F.DE vs. ELF1.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 MDAX UCITS ETF (ELF1.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 | ELF1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.06 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 0.35 | -0.16 |
| Martin ratioReturn relative to average drawdown | 0.57 | 0.94 | -0.37 |
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 | ELF1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.27 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | -0.05 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.23 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.29 | +0.07 |
Drawdowns
EL4F.DE vs. ELF1.DE - Drawdown Comparison
The maximum EL4F.DE drawdown since its inception was -45.08%, which is greater than ELF1.DE's maximum drawdown of -40.27%. Use the drawdown chart below to compare losses from any high point for EL4F.DE and ELF1.DE.
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Drawdown Indicators
| EL4F.DE | ELF1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.08% | -40.27% | -4.81% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -14.46% | +2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -15.79% | -18.45% | +2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -26.71% | -40.27% | +13.56% |
Max Drawdown (10Y)Largest decline over 10 years | -38.59% | -40.27% | +1.68% |
Current DrawdownCurrent decline from peak | -2.26% | -11.79% | +9.53% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -12.30% | +3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 5.30% | -1.32% |
Volatility
EL4F.DE vs. ELF1.DE - Volatility Comparison
Deka DAX (ausschüttend) UCITS ETF (EL4F.DE) and Deka MDAX UCITS ETF (ELF1.DE) have volatilities of 5.16% and 5.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4F.DE | ELF1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 5.03% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 15.34% | -2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.09% | 18.70% | -2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 19.31% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 18.33% | -0.08% |
EL4F.DE vs. ELF1.DE - Expense Ratio Comparison
EL4F.DE has a 0.15% expense ratio, which is lower than ELF1.DE's 0.30% expense ratio.
Dividends
EL4F.DE vs. ELF1.DE - Dividend Comparison
EL4F.DE's dividend yield for the trailing twelve months is around 1.80%, while ELF1.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ELF1.DE Deka MDAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.48% | 0.46% | 0.44% | 0.41% |
Frequently Asked Questions
EL4F.DE and ELF1.DE have a correlation of 0.82, 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 ELF1.DE.
EL4F.DE tracks DAX®, while ELF1.DE tracks MDAX®. Their fees differ too: 0.15% for EL4F.DE and 0.30% for ELF1.DE.
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