EL4I.DE vs. ESGU.DE

Last updated Jun 5, 2026

EL4I.DE (Deka MSCI USA Large Cap UCITS ETF) and ESGU.DE (Invesco MSCI USA ESG Universal Screened UCITS ETF Acc) are both Large Cap Blend Equities funds - EL4I.DE tracks the MSCI USA Large Cap while ESGU.DE tracks the MSCI USA ESG Universal Select Business Screens. Both are passively managed. Over the past 5 years, EL4I.DE returned 14.69%/yr vs 13.90%/yr for ESGU.DE. Their correlation of 0.87 suggests significant overlap in exposure. EL4I.DE charges 0.30%/yr vs 0.09%/yr for ESGU.DE.

Performance

EL4I.DE vs. ESGU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka MSCI USA Large Cap UCITS ETF (EL4I.DE) and Invesco MSCI USA ESG Universal Screened UCITS ETF Acc (ESGU.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EL4I.DE achieves a 10.91% return, which is significantly lower than ESGU.DE's 12.55% return.

EL4I.DE

• 1D: -0.33%
• 1M: 4.51%
• YTD: 10.91%
• 6M: 10.29%
• 1Y: 25.45%
• 3Y*: 19.35%
• 5Y*: 14.69%
• 10Y*: 14.94%

ESGU.DE

• 1D: -0.51%
• 1M: 4.97%
• YTD: 12.55%
• 6M: 11.46%
• 1Y: 25.03%
• 3Y*: 18.92%
• 5Y*: 13.90%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EL4I.DE vs. ESGU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EL4I.DE Deka MSCI USA Large Cap UCITS ETF	10.91%	5.10%	32.52%	24.65%	-16.01%	38.80%	9.21%	12.32%
ESGU.DE Invesco MSCI USA ESG Universal Screened UCITS ETF Acc	12.55%	3.01%	31.66%	23.96%	-17.68%	39.98%	12.25%	13.25%

Correlation

The correlation between EL4I.DE and ESGU.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	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019	0.87

The correlation between EL4I.DE and ESGU.DE has been stable across timeframes, ranging from 0.82 to 0.92 - a consistent structural relationship.

Return for Risk

EL4I.DE vs. ESGU.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EL4I.DE

EL4I.DE Risk / Return Rank: 66
EL4I.DE Sharpe Ratio Rank: 63
EL4I.DE Sortino Ratio Rank: 62
EL4I.DE Omega Ratio Rank: 62
EL4I.DE Calmar Ratio Rank: 73
EL4I.DE Martin Ratio Rank: 68

ESGU.DE

ESGU.DE Risk / Return Rank: 63
ESGU.DE Sharpe Ratio Rank: 63
ESGU.DE Sortino Ratio Rank: 62
ESGU.DE Omega Ratio Rank: 65
ESGU.DE Calmar Ratio Rank: 64
ESGU.DE Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EL4I.DE vs. ESGU.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deka MSCI USA Large Cap UCITS ETF (EL4I.DE) and Invesco MSCI USA ESG Universal Screened UCITS ETF Acc (ESGU.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.

	EL4I.DE	ESGU.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.09	2.09	0.00
Sortino ratio: Return per unit of downside risk	2.88	2.87	+0.01
Omega ratio: Gain probability vs. loss probability	1.37	1.38	-0.01
Calmar ratio: Return relative to maximum drawdown	3.59	3.11	+0.48
Martin ratio: Return relative to average drawdown	12.40	10.84	+1.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EL4I.DE vs. ESGU.DE - Sharpe Ratio Comparison

The current EL4I.DE Sharpe Ratio is 2.09, which is comparable to the ESGU.DE Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of EL4I.DE and ESGU.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EL4I.DE	ESGU.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	2.09	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.88	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.90	-0.20

Drawdowns

EL4I.DE vs. ESGU.DE - Drawdown Comparison

The maximum EL4I.DE drawdown since its inception was -38.74%, which is greater than ESGU.DE's maximum drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for EL4I.DE and ESGU.DE.

Drawdown Indicators

	EL4I.DE	ESGU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-38.74%	-32.63%	-6.11%
Max Drawdown (1Y) Largest decline over 1 year	-7.19%	-8.05%	+0.86%
Max Drawdown (3Y) Largest decline over 3 years	-23.91%	-23.69%	-0.22%
Max Drawdown (5Y) Largest decline over 5 years	-23.91%	-23.69%	-0.22%
Max Drawdown (10Y) Largest decline over 10 years	-32.88%	—	—
Current Drawdown Current decline from peak	-0.56%	-0.53%	-0.03%
Average Drawdown Average peak-to-trough decline	-5.37%	-5.33%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	2.31%	-0.23%

Volatility

EL4I.DE vs. ESGU.DE - Volatility Comparison

The current volatility for Deka MSCI USA Large Cap UCITS ETF (EL4I.DE) is 2.74%, while Invesco MSCI USA ESG Universal Screened UCITS ETF Acc (ESGU.DE) has a volatility of 2.90%. This indicates that EL4I.DE experiences smaller price fluctuations and is considered to be less risky than ESGU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EL4I.DE	ESGU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.74%	2.90%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	7.90%	8.14%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	12.37%	12.01%	+0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.10%	15.66%	+1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	17.47%	-0.49%

EL4I.DE vs. ESGU.DE - Expense Ratio Comparison

EL4I.DE has a 0.30% expense ratio, which is higher than ESGU.DE's 0.09% expense ratio.

Dividends

EL4I.DE vs. ESGU.DE - Dividend Comparison

EL4I.DE's dividend yield for the trailing twelve months is around 0.46%, while ESGU.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EL4I.DE Deka MSCI USA Large Cap UCITS ETF	0.46%	0.59%	0.72%	0.98%	0.95%	0.56%	0.87%	0.99%	1.17%	1.07%	1.10%	1.66%
ESGU.DE Invesco MSCI USA ESG Universal Screened UCITS ETF Acc	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

Can I hold both EL4I.DE and ESGU.DE in my portfolio?

With a correlation of 0.92, EL4I.DE and ESGU.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.

Which ETF is better, EL4I.DE or ESGU.DE?

On fees, ESGU.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EL4I.DE or ESGU.DE?

ESGU.DE is cheaper with a 0.09% expense ratio, compared with 0.30% for EL4I.DE.

What is the main difference between EL4I.DE and ESGU.DE?

EL4I.DE tracks MSCI USA Large Cap, while ESGU.DE tracks MSCI USA ESG Universal Select Business Screens. They also come from different issuers: Deka Investment GmbH and Invesco. Their fees differ too: 0.30% for EL4I.DE and 0.09% for ESGU.DE.