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

EL4X.DE vs. ROX.DE

Last updated Jul 16, 2026
Documentation

EL4X.DE (Deka DAXplus Maximum Dividend UCITS ETF) and ROX.DE (Expat Romania BET UCITS ETF) are both Europe Equities funds - EL4X.DE tracks the DAXplus® Maximum Dividend while ROX.DE tracks the BET Index. Both are passively managed. Over the past 5 years, EL4X.DE returned 2.51%/yr vs 22.95%/yr for ROX.DE. At a 0.20 correlation, their price movements are largely independent. EL4X.DE charges 0.30%/yr vs 1.38%/yr for ROX.DE.

Performance

EL4X.DE vs. ROX.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 Expat Romania BET UCITS ETF (ROX.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EL4X.DE achieves a 6.39% return, which is significantly lower than ROX.DE's 36.66% return.

EL4X.DE

1D
0.87%
1M
-1.60%
6M
4.26%
YTD
6.39%
1Y
6.06%
3Y*
8.30%
5Y*
2.51%
10Y*
1.88%

ROX.DE

1D
-0.61%
1M
13.62%
6M
23.70%
YTD
36.66%
1Y
72.86%
3Y*
35.39%
5Y*
22.95%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
EL4X.DE
Deka DAXplus Maximum Dividend UCITS ETF		6.39%14.14%-1.45%26.37%-20.07%9.05%-2.95%11.24%-22.66%
ROX.DE
Expat Romania BET UCITS ETF		36.66%43.69%13.19%22.15%-3.87%34.78%-1.71%34.41%-15.49%

Correlation

The correlation between EL4X.DE and ROX.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.12

Correlation (3Y)
Calculated over the trailing 3-year period

0.10

Correlation (5Y)
Calculated over the trailing 5-year period

0.18

Correlation (All Time)
Calculated using the full available price history since Mar 19, 2018

0.20

Compare stocks, funds, or ETFs

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Deka DAXplus Maximum Dividend UCITS ETF

Expat Romania BET UCITS ETF

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Return for Risk

EL4X.DE vs. ROX.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: 1616
Overall Rank
EL4X.DE Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
EL4X.DE Sortino Ratio Rank: 1515
Sortino Ratio Rank
EL4X.DE Omega Ratio Rank: 1515
Omega Ratio Rank
EL4X.DE Calmar Ratio Rank: 1818
Calmar Ratio Rank
EL4X.DE Martin Ratio Rank: 1616
Martin Ratio Rank
ROX.DE
ROX.DE Risk / Return Rank: 9696
Overall Rank
ROX.DE Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
ROX.DE Sortino Ratio Rank: 9696
Sortino Ratio Rank
ROX.DE Omega Ratio Rank: 9595
Omega Ratio Rank
ROX.DE Calmar Ratio Rank: 9797
Calmar Ratio Rank
ROX.DE Martin Ratio Rank: 9696
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. ROX.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 Expat Romania BET UCITS ETF (ROX.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.

EL4X.DEROX.DEDifference
Sharpe ratioReturn per unit of total volatility
0.38
3.75

-3.37

Sortino ratioReturn per unit of downside risk
0.63
4.81

-4.18

Omega ratioGain probability vs. loss probability

1.08

1.62

-0.54

Calmar ratioReturn relative to maximum drawdown

0.61

9.16

-8.55

Martin ratioReturn relative to average drawdown

1.30

28.50

-27.20

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

The current EL4X.DE Sharpe Ratio is 0.38, which is lower than the ROX.DE Sharpe Ratio of 3.75. The chart below compares the historical Sharpe Ratios of EL4X.DE and ROX.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.

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Drawdowns

EL4X.DE vs. ROX.DE - Drawdown Comparison

The maximum EL4X.DE drawdown since its inception was -56.06%, which is greater than ROX.DE's maximum drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for EL4X.DE and ROX.DE.

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Drawdown Indicators

EL4X.DEROX.DEDifference

Max Drawdown

Largest peak-to-trough decline

-56.06%

-29.00%

-27.06%

Max Drawdown (1Y)

Largest decline over 1 year

-9.87%

-7.91%

-1.96%

Max Drawdown (3Y)

Largest decline over 3 years

-16.60%

-17.52%

+0.92%

Max Drawdown (5Y)

Largest decline over 5 years

-34.51%

-19.51%

-15.00%

Max Drawdown (10Y)

Largest decline over 10 years

-56.06%

—

—

Current Drawdown

Current decline from peak

-3.25%

-0.61%

-2.64%

Average Drawdown

Average peak-to-trough decline

-14.55%

-5.26%

-9.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.64%

2.55%

+2.09%

Volatility

EL4X.DE vs. ROX.DE - Volatility Comparison

Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) has a higher volatility of 5.86% compared to Expat Romania BET UCITS ETF (ROX.DE) at 5.33%. This indicates that EL4X.DE's price experiences larger fluctuations and is considered to be riskier than ROX.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.DEROX.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.86%

5.33%

+0.53%

Volatility (6M)

Calculated over the trailing 6-month period

13.32%

13.80%

-0.48%

Volatility (1Y)

Calculated over the trailing 1-year period

16.00%

19.34%

-3.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.04%

19.81%

-2.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.18%

21.02%

-2.84%

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

EL4X.DE has a 0.30% expense ratio, which is lower than ROX.DE's 1.38% expense ratio.

Dividends

EL4X.DE vs. ROX.DE - Dividend Comparison

EL4X.DE's dividend yield for the trailing twelve months is around 4.56%, while ROX.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EL4X.DE
Deka DAXplus Maximum Dividend UCITS ETF		4.56%5.11%7.17%5.99%8.64%3.83%2.89%6.21%0.42%7.17%7.37%5.62%
ROX.DE
Expat Romania BET UCITS ETF		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

EL4X.DE and ROX.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EL4X.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EL4X.DE is cheaper with a 0.30% expense ratio, compared with 1.38% for ROX.DE.

EL4X.DE tracks DAXplus® Maximum Dividend, while ROX.DE tracks BET Index. They also come from different issuers: Deka and Expat. Their fees differ too: 0.30% for EL4X.DE and 1.38% for ROX.DE.

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