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EL4I.DE vs. SPY
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EL4I.DE vs. SPY

Last updated Apr 3, 2026

Compare and contrast key facts about Deka MSCI USA Large Cap UCITS ETF (EL4I.DE) and State Street SPDR S&P 500 ETF (SPY).

EL4I.DE and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EL4I.DE is a passively managed fund by Deka Investment GmbH that tracks the performance of the MSCI USA Large Cap. It was launched on Aug 14, 2008. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both EL4I.DE and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EL4I.DE vs. SPY - 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 State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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EL4I.DE vs. SPY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EL4I.DE
Deka MSCI USA Large Cap UCITS ETF		-3.74%5.10%32.52%24.65%-16.01%38.80%9.21%34.03%-0.66%6.31%
SPY
State Street SPDR S&P 500 ETF		-1.82%3.75%33.13%22.39%-13.10%38.36%8.58%34.19%-0.09%6.75%
Different Trading Currencies

EL4I.DE is traded in EUR, while SPY is traded in USD. To make them comparable, the SPY values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EL4I.DE achieves a -3.74% return, which is significantly lower than SPY's -2.17% return. Both investments have delivered pretty close results over the past 10 years, with EL4I.DE having a 13.58% annualized return and SPY not far ahead at 13.92%.

EL4I.DE

1D
1.80%
1M
-2.62%
YTD
-3.74%
6M
-1.18%
1Y
10.49%
3Y*
16.44%
5Y*
11.88%
10Y*
13.58%

SPY

1D
0.00%
1M
-3.05%
YTD
-2.17%
6M
-0.24%
1Y
9.90%
3Y*
16.01%
5Y*
12.26%
10Y*
13.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Deka MSCI USA Large Cap UCITS ETF

State Street SPDR S&P 500 ETF

Often compared with EL4I.DE:
EL4I.DE vs. VGTEL4I.DE vs. EL40.DEEL4I.DE vs. EL41.DEEL4I.DE vs. USUE.DEEL4I.DE vs. EL4Z.DEEL4I.DE vs. EL46.DEEL4I.DE vs. USCP.DE
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

EL4I.DE vs. SPY - Expense Ratio Comparison

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

EL4I.DE
Deka MSCI USA Large Cap UCITS ETF
SPY
State Street SPDR S&P 500 ETF

Return for Risk

EL4I.DE vs. SPY — 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: 4444
Overall Rank
EL4I.DE Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
EL4I.DE Sortino Ratio Rank: 2828
Sortino Ratio Rank
EL4I.DE Omega Ratio Rank: 2828
Omega Ratio Rank
EL4I.DE Calmar Ratio Rank: 7373
Calmar Ratio Rank
EL4I.DE Martin Ratio Rank: 6464
Martin Ratio Rank
SPY
SPY Risk / Return Rank: 5353
Overall Rank
SPY Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 5151
Sortino Ratio Rank
SPY Omega Ratio Rank: 5656
Omega Ratio Rank
SPY Calmar Ratio Rank: 5050
Calmar Ratio Rank
SPY Martin Ratio Rank: 6161
Martin Ratio Rank
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. SPY - 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 State Street SPDR S&P 500 ETF (SPY). 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.DESPYDifference

Sharpe ratio

Return per unit of total volatility

0.58

0.46

+0.12

Sortino ratio

Return per unit of downside risk

0.90

0.78

+0.12

Omega ratio

Gain probability vs. loss probability

1.13

1.13

0.00

Calmar ratio

Return relative to maximum drawdown

2.40

0.71

+1.69

Martin ratio

Return relative to average drawdown

7.86

3.01

+4.85

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. SPY - Sharpe Ratio Comparison

The current EL4I.DE Sharpe Ratio is 0.58, which is comparable to the SPY Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of EL4I.DE and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

EL4I.DESPYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.58

0.46

+0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.73

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.79

0.75

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.56

+0.10

Correlation

The correlation between EL4I.DE and SPY is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EL4I.DE vs. SPY - Dividend Comparison

EL4I.DE's dividend yield for the trailing twelve months is around 0.53%, less than SPY's 1.13% yield.

TTM20252024202320222021202020192018201720162015
EL4I.DE
Deka MSCI USA Large Cap UCITS ETF		0.53%0.59%0.72%0.98%0.95%0.56%0.87%0.99%1.17%1.07%1.10%1.66%
SPY
State Street SPDR S&P 500 ETF		1.13%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%

Drawdowns

EL4I.DE vs. SPY - Drawdown Comparison

The maximum EL4I.DE drawdown since its inception was -38.74%, smaller than the maximum SPY drawdown of -51.11%. Use the drawdown chart below to compare losses from any high point for EL4I.DE and SPY.

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Drawdown Indicators

EL4I.DESPYDifference

Max Drawdown

Largest peak-to-trough decline

-38.74%

-55.19%

+16.45%

Max Drawdown (1Y)

Largest decline over 1 year

-8.01%

-8.88%

+0.87%

Max Drawdown (5Y)

Largest decline over 5 years

-23.91%

-24.50%

+0.59%

Max Drawdown (10Y)

Largest decline over 10 years

-32.88%

-33.72%

+0.84%

Current Drawdown

Current decline from peak

-5.23%

-5.44%

+0.21%

Average Drawdown

Average peak-to-trough decline

-5.41%

-9.09%

+3.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.20%

2.57%

-0.37%

Volatility

EL4I.DE vs. SPY - Volatility Comparison

The current volatility for Deka MSCI USA Large Cap UCITS ETF (EL4I.DE) is 3.83%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 4.36%. This indicates that EL4I.DE experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EL4I.DESPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.83%

4.36%

-0.53%

Volatility (6M)

Calculated over the trailing 6-month period

9.20%

9.88%

-0.68%

Volatility (1Y)

Calculated over the trailing 1-year period

17.88%

21.44%

-3.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.15%

16.97%

+0.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.02%

18.50%

-1.48%