EL4X.DE vs. WTEE.DE
EL4X.DE (Deka DAXplus Maximum Dividend UCITS ETF) and WTEE.DE (WisdomTree Europe Equity Income UCITS ETF) are both Europe Equities funds - EL4X.DE tracks the DAXplus® Maximum Dividend while WTEE.DE tracks the WisdomTree Europe Equity Income. Both are passively managed. Over the past 5 years, EL4X.DE returned 2.45%/yr vs 12.46%/yr for WTEE.DE. A 0.71 correlation means they provide meaningful diversification when combined. EL4X.DE charges 0.30%/yr vs 0.29%/yr for WTEE.DE.
Performance
EL4X.DE vs. WTEE.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 WTEE.DE's 13.70% 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%
WTEE.DE
- 1D
- -0.26%
- 1M
- 0.42%
- YTD
- 13.70%
- 6M
- 16.59%
- 1Y
- 26.04%
- 3Y*
- 17.15%
- 5Y*
- 12.46%
- 10Y*
- —
EL4X.DE vs. WTEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 6.17% | 14.14% | -1.45% | 26.38% | -20.06% | 9.02% | 11.03% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 13.70% | 28.40% | 2.20% | 15.07% | 0.05% | 18.73% | 6.60% |
Correlation
The correlation between EL4X.DE and WTEE.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.71 |
The correlation between EL4X.DE and WTEE.DE has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.
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Return for Risk
EL4X.DE vs. WTEE.DE — Risk / Return Rank
EL4X.DE
WTEE.DE
EL4X.DE vs. WTEE.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 WisdomTree Europe Equity Income UCITS ETF (WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.43 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 3.80 | -3.11 |
| Martin ratioReturn relative to average drawdown | 1.48 | 14.72 | -13.23 |
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 | WTEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 2.35 | -1.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.93 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 1.08 | -0.79 |
Drawdowns
EL4X.DE vs. WTEE.DE - Drawdown Comparison
The maximum EL4X.DE drawdown since its inception was -52.91%, which is greater than WTEE.DE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for EL4X.DE and WTEE.DE.
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Drawdown Indicators
| EL4X.DE | WTEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.91% | -16.45% | -36.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.87% | -6.78% | -3.09% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -14.12% | -2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -34.51% | -16.45% | -18.06% |
Max Drawdown (10Y)Largest decline over 10 years | -52.91% | — | — |
Current DrawdownCurrent decline from peak | -2.74% | -1.96% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -12.17% | -2.65% | -9.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 1.75% | +2.81% |
Volatility
EL4X.DE vs. WTEE.DE - Volatility Comparison
Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) has a higher volatility of 4.54% compared to WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) at 3.73%. This indicates that EL4X.DE's price experiences larger fluctuations and is considered to be riskier than WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 3.73% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 11.68% | 8.73% | +2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.25% | 10.94% | +4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 14.50% | +2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 14.99% | +3.24% |
EL4X.DE vs. WTEE.DE - Expense Ratio Comparison
EL4X.DE has a 0.30% expense ratio, which is higher than WTEE.DE's 0.29% expense ratio.
Dividends
EL4X.DE vs. WTEE.DE - Dividend Comparison
EL4X.DE's dividend yield for the trailing twelve months is around 4.73%, more than WTEE.DE's 4.55% 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% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 4.55% | 5.37% | 6.81% | 5.61% | 5.35% | 4.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EL4X.DE and WTEE.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTEE.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTEE.DE is cheaper with a 0.29% expense ratio, compared with 0.30% for EL4X.DE.
EL4X.DE tracks DAXplus® Maximum Dividend, while WTEE.DE tracks WisdomTree Europe Equity Income. They also come from different issuers: Deka and WisdomTree. Their fees differ too: 0.30% for EL4X.DE and 0.29% for WTEE.DE.
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