EL4F.DE vs. WTEE.DE
EL4F.DE (Deka DAX (ausschüttend) UCITS ETF) and WTEE.DE (WisdomTree Europe Equity Income UCITS ETF) are both Europe Equities funds - EL4F.DE tracks the DAX® while WTEE.DE tracks the WisdomTree Europe Equity Income. Both are passively managed. Over the past 5 years, EL4F.DE returned 9.08%/yr vs 12.46%/yr for WTEE.DE. A 0.69 correlation means they provide meaningful diversification when combined. EL4F.DE charges 0.15%/yr vs 0.29%/yr for WTEE.DE.
Performance
EL4F.DE vs. WTEE.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 WTEE.DE's 13.70% 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%
WTEE.DE
- 1D
- -0.26%
- 1M
- 0.42%
- YTD
- 13.70%
- 6M
- 16.59%
- 1Y
- 26.04%
- 3Y*
- 17.15%
- 5Y*
- 12.46%
- 10Y*
- —
EL4F.DE vs. WTEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EL4F.DE Deka DAX (ausschüttend) UCITS ETF | 1.34% | 22.54% | 18.07% | 19.54% | -12.81% | 15.13% | 6.39% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 13.70% | 28.40% | 2.20% | 15.07% | 0.05% | 18.73% | 6.60% |
Correlation
The correlation between EL4F.DE and WTEE.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 | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.69 |
The correlation between EL4F.DE and WTEE.DE has been stable across timeframes, ranging from 0.61 to 0.70 - a consistent structural relationship.
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Return for Risk
EL4F.DE vs. WTEE.DE — Risk / Return Rank
EL4F.DE
WTEE.DE
EL4F.DE vs. WTEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka DAX (ausschüttend) UCITS ETF (EL4F.DE) and WisdomTree Europe Equity Income UCITS ETF (WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.85 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.43 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 3.80 | -3.61 |
| Martin ratioReturn relative to average drawdown | 0.57 | 14.72 | -14.15 |
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 | WTEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 2.35 | -2.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.93 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 1.08 | -0.72 |
Drawdowns
EL4F.DE vs. WTEE.DE - Drawdown Comparison
The maximum EL4F.DE drawdown since its inception was -45.08%, which is greater than WTEE.DE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for EL4F.DE and WTEE.DE.
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Drawdown Indicators
| EL4F.DE | WTEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.08% | -16.45% | -28.63% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -6.78% | -5.58% |
Max Drawdown (3Y)Largest decline over 3 years | -15.79% | -14.12% | -1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -26.71% | -16.45% | -10.26% |
Max Drawdown (10Y)Largest decline over 10 years | -38.59% | — | — |
Current DrawdownCurrent decline from peak | -2.26% | -1.96% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -2.65% | -5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 1.75% | +2.23% |
Volatility
EL4F.DE vs. WTEE.DE - Volatility Comparison
Deka DAX (ausschüttend) UCITS ETF (EL4F.DE) has a higher volatility of 5.16% compared to WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) at 3.73%. This indicates that EL4F.DE's price experiences larger fluctuations and is considered to be riskier than WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 3.73% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 8.73% | +4.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.09% | 10.94% | +5.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 14.50% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 14.99% | +3.26% |
EL4F.DE vs. WTEE.DE - Expense Ratio Comparison
EL4F.DE has a 0.15% expense ratio, which is lower than WTEE.DE's 0.29% expense ratio.
Dividends
EL4F.DE vs. WTEE.DE - Dividend Comparison
EL4F.DE's dividend yield for the trailing twelve months is around 1.80%, less than WTEE.DE's 4.55% yield.
| 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% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 4.55% | 5.37% | 6.81% | 5.61% | 5.35% | 4.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EL4F.DE and WTEE.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, 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 0.29% for WTEE.DE.
EL4F.DE tracks DAX®, while WTEE.DE tracks WisdomTree Europe Equity Income. They also come from different issuers: Deka and WisdomTree. Their fees differ too: 0.15% for EL4F.DE and 0.29% for WTEE.DE.
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