EL4W.DE vs. EL42.DE
EL4W.DE (Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF) and EL42.DE (Deka MSCI Europe UCITS ETF) are both exchange-traded funds - EL4W.DE is a Money Market fund tracking the Deutsche Börse EUROGOV Germany Money Market Index, while EL42.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 10 years, EL4W.DE returned 0.24%/yr vs 9.30%/yr for EL42.DE. At a correlation of -0.02, they often move in opposite directions. EL4W.DE charges 0.12%/yr vs 0.30%/yr for EL42.DE.
Performance
EL4W.DE vs. EL42.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4W.DE achieves a 0.92% return, which is significantly lower than EL42.DE's 10.70% return. Over the past 10 years, EL4W.DE has underperformed EL42.DE with an annualized return of 0.24%, while EL42.DE has yielded a comparatively higher 9.30% annualized return.
EL4W.DE
- 1D
- 0.02%
- 1M
- 0.18%
- 6M
- 0.86%
- YTD
- 0.92%
- 1Y
- 1.69%
- 3Y*
- 2.60%
- 5Y*
- 1.45%
- 10Y*
- 0.24%
EL42.DE
- 1D
- 0.18%
- 1M
- 1.35%
- 6M
- 7.36%
- YTD
- 10.70%
- 1Y
- 20.79%
- 3Y*
- 14.47%
- 5Y*
- 10.16%
- 10Y*
- 9.30%
EL4W.DE vs. EL42.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4W.DE Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF | 0.92% | 1.91% | 3.36% | 2.64% | -1.17% | -0.77% | -0.84% | -0.85% | -1.32% | -1.05% |
EL42.DE Deka MSCI Europe UCITS ETF | 10.70% | 20.05% | 7.78% | 15.64% | -9.45% | 24.88% | -3.36% | 27.34% | -10.95% | 10.10% |
Correlation
The correlation between EL4W.DE and EL42.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2009 | -0.02 |
The correlation between EL4W.DE and EL42.DE shifts across timeframes, from -0.02 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EL4W.DE vs. EL42.DE — Risk / Return Rank
EL4W.DE
EL42.DE
EL4W.DE vs. EL42.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF (EL4W.DE) and Deka MSCI Europe UCITS ETF (EL42.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EL4W.DE | EL42.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +3.27 | ||
| Omega ratioGain probability vs. loss probability | 1.82 | 1.30 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 11.67 | 2.16 | +9.51 |
| Martin ratioReturn relative to average drawdown | 68.70 | 8.34 | +60.37 |
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Drawdowns
EL4W.DE vs. EL42.DE - Drawdown Comparison
The maximum EL4W.DE drawdown since its inception was -8.19%, smaller than the maximum EL42.DE drawdown of -35.83%. Use the drawdown chart below to compare losses from any high point for EL4W.DE and EL42.DE.
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Drawdown Indicators
| EL4W.DE | EL42.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.19% | -35.83% | +27.64% |
Max Drawdown (1Y)Largest decline over 1 year | -0.14% | -9.58% | +9.44% |
Max Drawdown (3Y)Largest decline over 3 years | -0.64% | -16.41% | +15.77% |
Max Drawdown (5Y)Largest decline over 5 years | -1.64% | -19.42% | +17.78% |
Max Drawdown (10Y)Largest decline over 10 years | -6.23% | -35.83% | +29.60% |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -5.15% | +2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 2.49% | -2.47% |
Volatility
EL4W.DE vs. EL42.DE - Volatility Comparison
The current volatility for Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF (EL4W.DE) is 0.14%, while Deka MSCI Europe UCITS ETF (EL42.DE) has a volatility of 3.23%. This indicates that EL4W.DE experiences smaller price fluctuations and is considered to be less risky than EL42.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4W.DE | EL42.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.14% | 3.23% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 0.38% | 10.97% | -10.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.52% | 12.92% | -12.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.80% | 14.20% | -13.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.94% | 15.15% | -14.21% |
EL4W.DE vs. EL42.DE - Expense Ratio Comparison
EL4W.DE has a 0.12% expense ratio, which is lower than EL42.DE's 0.30% expense ratio.
Dividends
EL4W.DE vs. EL42.DE - Dividend Comparison
EL4W.DE's dividend yield for the trailing twelve months is around 2.08%, less than EL42.DE's 2.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL42.DE Deka MSCI Europe UCITS ETF | 2.21% | 2.31% | 2.64% | 2.59% | 2.78% | 2.08% | 1.94% | 2.76% | 3.41% | 2.72% | 3.00% | 2.69% |
EL4W.DE Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF | 2.08% | 3.05% | 2.03% | 1.04% | 0.25% | 0.63% | 0.46% | 1.00% | 0.41% | 1.37% | 1.55% | 1.54% |
Frequently Asked Questions
EL4W.DE and EL42.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4W.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4W.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for EL42.DE.
EL4W.DE is categorized as Money Market, while EL42.DE is Europe Equities. EL4W.DE tracks Deutsche Börse EUROGOV Germany Money Market Index, while EL42.DE tracks MSCI Europe. Their fees differ too: 0.12% for EL4W.DE and 0.30% for EL42.DE.
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