EL4F.DE vs. XESP.DE
EL4F.DE (Deka DAX (ausschüttend) UCITS ETF) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - EL4F.DE tracks the DAX® while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, EL4F.DE returned 9.08%/yr vs 18.91%/yr for XESP.DE. A 0.77 correlation means they provide meaningful diversification when combined. EL4F.DE charges 0.15%/yr vs 0.30%/yr for XESP.DE.
Performance
EL4F.DE vs. XESP.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 XESP.DE's 7.33% 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%
XESP.DE
- 1D
- 0.58%
- 1M
- 1.35%
- YTD
- 7.33%
- 6M
- 11.94%
- 1Y
- 34.69%
- 3Y*
- 29.44%
- 5Y*
- 18.91%
- 10Y*
- —
EL4F.DE vs. XESP.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% | 4.23% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 7.33% | 58.64% | 14.65% | 26.79% | -1.62% | 10.88% | -10.20% | 15.86% | -12.41% | -1.69% |
Correlation
The correlation between EL4F.DE and XESP.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.77 |
The correlation between EL4F.DE and XESP.DE has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.
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Return for Risk
EL4F.DE vs. XESP.DE — Risk / Return Rank
EL4F.DE
XESP.DE
EL4F.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka DAX (ausschüttend) UCITS ETF (EL4F.DE) and Xtrackers Spanish Equity UCITS ETF (XESP.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 | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.38 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 3.51 | -3.33 |
| Martin ratioReturn relative to average drawdown | 0.57 | 12.31 | -11.74 |
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 | XESP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 2.12 | -1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 1.12 | -0.60 |
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 | 0.55 | -0.19 |
Drawdowns
EL4F.DE vs. XESP.DE - Drawdown Comparison
The maximum EL4F.DE drawdown since its inception was -45.08%, which is greater than XESP.DE's maximum drawdown of -39.02%. Use the drawdown chart below to compare losses from any high point for EL4F.DE and XESP.DE.
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Drawdown Indicators
| EL4F.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.08% | -39.02% | -6.06% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -10.17% | -2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -15.79% | -12.93% | -2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -26.71% | -18.59% | -8.12% |
Max Drawdown (10Y)Largest decline over 10 years | -38.59% | — | — |
Current DrawdownCurrent decline from peak | -2.26% | -0.54% | -1.72% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -7.37% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 2.91% | +1.07% |
Volatility
EL4F.DE vs. XESP.DE - Volatility Comparison
Deka DAX (ausschüttend) UCITS ETF (EL4F.DE) has a higher volatility of 5.16% compared to Xtrackers Spanish Equity UCITS ETF (XESP.DE) at 4.48%. This indicates that EL4F.DE's price experiences larger fluctuations and is considered to be riskier than XESP.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 | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 4.48% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 14.04% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.09% | 16.86% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 16.68% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 18.78% | -0.53% |
EL4F.DE vs. XESP.DE - Expense Ratio Comparison
EL4F.DE has a 0.15% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
EL4F.DE vs. XESP.DE - Dividend Comparison
EL4F.DE's dividend yield for the trailing twelve months is around 1.80%, while XESP.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% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EL4F.DE and XESP.DE have a correlation of 0.76, 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 XESP.DE.
EL4F.DE tracks DAX®, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: Deka and Xtrackers. Their fees differ too: 0.15% for EL4F.DE and 0.30% for XESP.DE.
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