EL4X.DE vs. ELFC.DE
EL4X.DE (Deka DAXplus Maximum Dividend UCITS ETF) and ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) are both Europe Equities funds from Deka - EL4X.DE tracks the DAXplus® Maximum Dividend while ELFC.DE tracks the EURO iSTOXX® ex Financials High Dividend 50. Both are passively managed. Over the past 10 years, EL4X.DE returned 2.29%/yr vs 8.86%/yr for ELFC.DE. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
EL4X.DE vs. ELFC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4X.DE achieves a 6.17% return, which is significantly lower than ELFC.DE's 12.62% return. Over the past 10 years, EL4X.DE has underperformed ELFC.DE with an annualized return of 2.29%, while ELFC.DE has yielded a comparatively higher 8.86% annualized return.
EL4X.DE
- 1D
- 0.59%
- 1M
- -0.32%
- YTD
- 6.17%
- 6M
- 9.91%
- 1Y
- 6.78%
- 3Y*
- 9.31%
- 5Y*
- 2.45%
- 10Y*
- 2.29%
ELFC.DE
- 1D
- -0.33%
- 1M
- -0.31%
- YTD
- 12.62%
- 6M
- 11.95%
- 1Y
- 20.69%
- 3Y*
- 12.09%
- 5Y*
- 10.14%
- 10Y*
- 8.86%
EL4X.DE vs. ELFC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 6.17% | 14.14% | -1.45% | 26.38% | -20.06% | 9.02% | -2.95% | 11.71% | -18.87% | 5.70% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 12.62% | 17.73% | -0.16% | 15.69% | 1.54% | 21.96% | -7.15% | 19.94% | -4.03% | 6.11% |
Correlation
The correlation between EL4X.DE and ELFC.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | 0.79 |
The correlation between EL4X.DE and ELFC.DE shifts across timeframes, from 0.61 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL4X.DE vs. ELFC.DE — Risk / Return Rank
EL4X.DE
ELFC.DE
EL4X.DE vs. ELFC.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 Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.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.DE | ELFC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.33 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 3.00 | -2.31 |
| Martin ratioReturn relative to average drawdown | 1.48 | 8.42 | -6.94 |
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
| EL4X.DE | ELFC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 1.81 | -1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.73 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | 0.56 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.55 | -0.26 |
Drawdowns
EL4X.DE vs. ELFC.DE - Drawdown Comparison
The maximum EL4X.DE drawdown since its inception was -52.91%, which is greater than ELFC.DE's maximum drawdown of -37.68%. Use the drawdown chart below to compare losses from any high point for EL4X.DE and ELFC.DE.
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Drawdown Indicators
| EL4X.DE | ELFC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.91% | -37.68% | -15.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.87% | -6.71% | -3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -15.02% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -34.51% | -16.85% | -17.66% |
Max Drawdown (10Y)Largest decline over 10 years | -52.91% | -37.68% | -15.23% |
Current DrawdownCurrent decline from peak | -2.74% | -1.60% | -1.14% |
Average DrawdownAverage peak-to-trough decline | -12.17% | -4.70% | -7.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 2.39% | +2.17% |
Volatility
EL4X.DE vs. ELFC.DE - Volatility Comparison
Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) has a higher volatility of 4.54% compared to Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) at 2.62%. This indicates that EL4X.DE's price experiences larger fluctuations and is considered to be riskier than ELFC.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.DE | ELFC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 2.62% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 11.68% | 8.07% | +3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.25% | 11.12% | +4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 13.76% | +3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 16.40% | +1.83% |
EL4X.DE vs. ELFC.DE - Expense Ratio Comparison
Both EL4X.DE and ELFC.DE have an expense ratio of 0.30%.
Dividends
EL4X.DE vs. ELFC.DE - Dividend Comparison
EL4X.DE's dividend yield for the trailing twelve months is around 4.73%, more than ELFC.DE's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 4.73% | 5.11% | 7.17% | 5.99% | 8.64% | 3.83% | 2.89% | 6.66% | 8.48% | 7.17% | 7.37% | 5.62% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 4.08% | 4.45% | 4.66% | 4.66% | 4.91% | 3.85% | 2.83% | 3.64% | 4.20% | 3.53% | 3.57% | 0.00% |
Frequently Asked Questions
EL4X.DE and ELFC.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EL4X.DE and ELFC.DE have the same expense ratio: 0.30% per year.
EL4X.DE tracks DAXplus® Maximum Dividend, while ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50.
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