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EL4X.DE vs. EL4F.DE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EL4X.DE vs. EL4F.DE

Last updated Apr 3, 2026

Compare and contrast key facts about Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) and Deka DAX (ausschüttend) UCITS ETF (EL4F.DE).

EL4X.DE and EL4F.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EL4X.DE is a passively managed fund by Deka that tracks the performance of the DAXplus® Maximum Dividend. It was launched on Apr 3, 2009. EL4F.DE is a passively managed fund by Deka that tracks the performance of the DAX®. It was launched on Jun 23, 2008. Both EL4X.DE and EL4F.DE 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

EL4X.DE vs. EL4F.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) and Deka DAX (ausschüttend) UCITS ETF (EL4F.DE). The values are adjusted to include any dividend payments, if applicable.

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EL4X.DE vs. EL4F.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EL4X.DE
Deka DAXplus Maximum Dividend UCITS ETF		2.10%14.14%-1.45%26.38%-20.06%9.02%-2.95%11.71%-18.87%5.70%
EL4F.DE
Deka DAX (ausschüttend) UCITS ETF		-5.72%22.54%18.07%19.54%-12.81%15.13%2.76%24.66%-18.50%12.62%

Returns By Period

In the year-to-date period, EL4X.DE achieves a 2.10% return, which is significantly higher than EL4F.DE's -5.72% return. Over the past 10 years, EL4X.DE has underperformed EL4F.DE with an annualized return of 2.36%, while EL4F.DE has yielded a comparatively higher 8.41% annualized return.

EL4X.DE

1D
-0.21%
1M
-0.09%
YTD
2.10%
6M
5.17%
1Y
7.70%
3Y*
8.56%
5Y*
2.53%
10Y*
2.36%

EL4F.DE

1D
-0.75%
1M
-2.88%
YTD
-5.72%
6M
-5.42%
1Y
2.77%
3Y*
13.44%
5Y*
8.27%
10Y*
8.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Deka DAXplus Maximum Dividend UCITS ETF

Deka DAX (ausschüttend) UCITS ETF

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Often compared with EL4F.DE:
EL4F.DE vs. D6RP.DEEL4F.DE vs. EL42.DEEL4F.DE vs. EL4A.DEEL4F.DE vs. D6RQ.DEEL4F.DE vs. ELFB.DEEL4F.DE vs. EL49.DEEL4F.DE vs. ELFC.DE

EL4X.DE vs. EL4F.DE - Expense Ratio Comparison

EL4X.DE has a 0.30% expense ratio, which is higher than EL4F.DE's 0.15% expense ratio.

EL4X.DE
Deka DAXplus Maximum Dividend UCITS ETF
EL4F.DE
Deka DAX (ausschüttend) UCITS ETF

Return for Risk

EL4X.DE vs. EL4F.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EL4X.DE
EL4X.DE Risk / Return Rank: 2525
Overall Rank
EL4X.DE Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
EL4X.DE Sortino Ratio Rank: 2222
Sortino Ratio Rank
EL4X.DE Omega Ratio Rank: 2222
Omega Ratio Rank
EL4X.DE Calmar Ratio Rank: 3232
Calmar Ratio Rank
EL4X.DE Martin Ratio Rank: 2424
Martin Ratio Rank
EL4F.DE
EL4F.DE Risk / Return Rank: 1616
Overall Rank
EL4F.DE Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
EL4F.DE Sortino Ratio Rank: 1414
Sortino Ratio Rank
EL4F.DE Omega Ratio Rank: 1313
Omega Ratio Rank
EL4F.DE Calmar Ratio Rank: 1919
Calmar Ratio Rank
EL4F.DE Martin Ratio Rank: 2020
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.

EL4X.DE vs. EL4F.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) and Deka DAX (ausschüttend) UCITS ETF (EL4F.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.

EL4X.DEEL4F.DEDifference

Sharpe ratio

Return per unit of total volatility

0.47

0.16

+0.31

Sortino ratio

Return per unit of downside risk

0.70

0.33

+0.37

Omega ratio

Gain probability vs. loss probability

1.10

1.04

+0.05

Calmar ratio

Return relative to maximum drawdown

1.04

0.48

+0.56

Martin ratio

Return relative to average drawdown

2.29

1.69

+0.60

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EL4X.DE vs. EL4F.DE - Sharpe Ratio Comparison

The current EL4X.DE Sharpe Ratio is 0.47, which is higher than the EL4F.DE Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of EL4X.DE and EL4F.DE, 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

EL4X.DEEL4F.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.47

0.16

+0.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.15

0.48

-0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.13

0.46

-0.33

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

0.34

-0.06

Correlation

The correlation between EL4X.DE and EL4F.DE is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

EL4X.DE vs. EL4F.DE - Dividend Comparison

EL4X.DE's dividend yield for the trailing twelve months is around 5.00%, more than EL4F.DE's 1.94% yield.

TTM20252024202320222021202020192018201720162015
EL4X.DE
Deka DAXplus Maximum Dividend UCITS ETF		5.00%5.11%7.17%5.99%8.64%3.83%2.89%6.66%8.48%7.17%7.37%5.62%
EL4F.DE
Deka DAX (ausschüttend) UCITS ETF		1.94%1.82%2.10%2.63%2.72%1.86%2.19%2.42%2.94%2.76%2.66%2.70%

Drawdowns

EL4X.DE vs. EL4F.DE - Drawdown Comparison

The maximum EL4X.DE drawdown since its inception was -52.91%, which is greater than EL4F.DE's maximum drawdown of -45.08%. Use the drawdown chart below to compare losses from any high point for EL4X.DE and EL4F.DE.

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Drawdown Indicators

EL4X.DEEL4F.DEDifference

Max Drawdown

Largest peak-to-trough decline

-52.91%

-45.08%

-7.83%

Max Drawdown (1Y)

Largest decline over 1 year

-9.87%

-12.36%

+2.49%

Max Drawdown (5Y)

Largest decline over 5 years

-34.51%

-26.71%

-7.80%

Max Drawdown (10Y)

Largest decline over 10 years

-52.91%

-38.59%

-14.32%

Current Drawdown

Current decline from peak

-5.96%

-9.07%

+3.11%

Average Drawdown

Average peak-to-trough decline

-12.27%

-8.37%

-3.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.49%

3.53%

+0.96%

Volatility

EL4X.DE vs. EL4F.DE - Volatility Comparison

The current volatility for Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) is 6.16%, while Deka DAX (ausschüttend) UCITS ETF (EL4F.DE) has a volatility of 6.74%. This indicates that EL4X.DE experiences smaller price fluctuations and is considered to be less risky than EL4F.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EL4X.DEEL4F.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.16%

6.74%

-0.58%

Volatility (6M)

Calculated over the trailing 6-month period

10.26%

11.33%

-1.07%

Volatility (1Y)

Calculated over the trailing 1-year period

16.43%

17.53%

-1.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.68%

16.89%

-0.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.16%

18.19%

-0.03%