EL4X.DE vs. SXRY.DE
EL4X.DE (Deka DAXplus Maximum Dividend UCITS ETF) and SXRY.DE (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds - EL4X.DE tracks the DAXplus® Maximum Dividend while SXRY.DE tracks the FTSE MIB. Both are passively managed. Over the past 10 years, EL4X.DE returned 3.27%/yr vs 17.09%/yr for SXRY.DE. A 0.73 correlation means they provide meaningful diversification when combined. EL4X.DE charges 0.30%/yr vs 0.33%/yr for SXRY.DE.
Performance
EL4X.DE vs. SXRY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4X.DE achieves a 6.52% return, which is significantly lower than SXRY.DE's 18.23% return. Over the past 10 years, EL4X.DE has underperformed SXRY.DE with an annualized return of 3.27%, while SXRY.DE has yielded a comparatively higher 17.09% annualized return.
EL4X.DE
- 1D
- 0.44%
- 1M
- -1.28%
- YTD
- 6.52%
- 6M
- 7.70%
- 1Y
- 8.71%
- 3Y*
- 9.77%
- 5Y*
- 2.63%
- 10Y*
- 3.27%
SXRY.DE
- 1D
- 0.23%
- 1M
- 4.00%
- YTD
- 18.23%
- 6M
- 19.05%
- 1Y
- 37.48%
- 3Y*
- 29.61%
- 5Y*
- 20.54%
- 10Y*
- 17.09%
EL4X.DE vs. SXRY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 6.52% | 14.14% | -1.45% | 26.37% | -20.07% | 9.05% | -2.95% | 11.71% | -18.87% | 5.70% |
SXRY.DE iShares FTSE MIB UCITS ETF (Acc) | 18.23% | 37.80% | 18.15% | 33.34% | -9.13% | 26.71% | -4.02% | 33.22% | -14.32% | 16.72% |
Correlation
The correlation between EL4X.DE and SXRY.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | 0.73 |
The correlation between EL4X.DE and SXRY.DE has been stable across timeframes, ranging from 0.70 to 0.80 - a consistent structural relationship.
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Return for Risk
EL4X.DE vs. SXRY.DE — Risk / Return Rank
EL4X.DE
SXRY.DE
EL4X.DE vs. SXRY.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 iShares FTSE MIB UCITS ETF (Acc) (SXRY.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.DE | SXRY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.41 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 3.85 | -2.97 |
| Martin ratioReturn relative to average drawdown | 1.89 | 14.30 | -12.41 |
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Drawdowns
EL4X.DE vs. SXRY.DE - Drawdown Comparison
The maximum EL4X.DE drawdown since its inception was -52.91%, which is greater than SXRY.DE's maximum drawdown of -43.59%. Use the drawdown chart below to compare losses from any high point for EL4X.DE and SXRY.DE.
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Drawdown Indicators
| EL4X.DE | SXRY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.91% | -43.59% | -9.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.87% | -9.69% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -17.61% | +1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -34.51% | -25.00% | -9.51% |
Max Drawdown (10Y)Largest decline over 10 years | -52.91% | -40.81% | -12.10% |
Current DrawdownCurrent decline from peak | -2.41% | -1.98% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -12.10% | -11.61% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 2.61% | +1.99% |
Volatility
EL4X.DE vs. SXRY.DE - Volatility Comparison
Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) has a higher volatility of 4.66% compared to iShares FTSE MIB UCITS ETF (Acc) (SXRY.DE) at 3.90%. This indicates that EL4X.DE's price experiences larger fluctuations and is considered to be riskier than SXRY.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 | SXRY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 3.90% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 12.17% | 12.78% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.36% | 15.89% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 18.29% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 19.65% | -1.55% |
EL4X.DE vs. SXRY.DE - Expense Ratio Comparison
EL4X.DE has a 0.30% expense ratio, which is lower than SXRY.DE's 0.33% expense ratio.
Dividends
EL4X.DE vs. SXRY.DE - Dividend Comparison
EL4X.DE's dividend yield for the trailing twelve months is around 4.71%, while SXRY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 4.71% | 5.11% | 7.17% | 5.99% | 8.64% | 3.83% | 2.89% | 6.66% | 8.48% | 7.17% | 7.37% | 5.62% |
SXRY.DE iShares FTSE MIB UCITS ETF (Acc) | 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 SXRY.DE have a correlation of 0.70, 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 0.33% for SXRY.DE.
EL4X.DE tracks DAXplus® Maximum Dividend, while SXRY.DE tracks FTSE MIB. They also come from different issuers: Deka and iShares. Their fees differ too: 0.30% for EL4X.DE and 0.33% for SXRY.DE.
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