EL4X.DE vs. XB4A.DE
EL4X.DE (Deka DAXplus Maximum Dividend UCITS ETF) and XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) are both Europe Equities funds - EL4X.DE tracks the DAXplus® Maximum Dividend while XB4A.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, EL4X.DE returned 1.88%/yr vs 14.71%/yr for XB4A.DE. A 0.70 correlation means they provide meaningful diversification when combined. EL4X.DE charges 0.30%/yr vs 0.25%/yr for XB4A.DE.
Performance
EL4X.DE vs. XB4A.DE - Performance Comparison
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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 XB4A.DE's 24.81% return. Over the past 10 years, EL4X.DE has underperformed XB4A.DE with an annualized return of 1.88%, while XB4A.DE has yielded a comparatively higher 14.71% annualized 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%
XB4A.DE
- 1D
- -0.62%
- 1M
- 1.14%
- 6M
- 22.10%
- YTD
- 24.81%
- 1Y
- 48.60%
- 3Y*
- 31.52%
- 5Y*
- 18.18%
- 10Y*
- 14.71%
EL4X.DE vs. XB4A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 6.39% | 14.14% | -1.45% | 26.37% | -20.07% | 9.05% | -2.95% | 11.24% | -23.98% | 5.70% |
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 24.81% | 51.29% | 11.01% | 14.27% | -16.45% | 42.39% | -10.86% | 19.79% | -17.99% | 32.88% |
Correlation
The correlation between EL4X.DE and XB4A.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2011 | 0.70 |
The correlation between EL4X.DE and XB4A.DE has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.
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Return for Risk
EL4X.DE vs. XB4A.DE — Risk / Return Rank
EL4X.DE
XB4A.DE
EL4X.DE vs. XB4A.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 Xtrackers ATX UCITS ETF (Acc) (XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -3.24 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.46 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 4.44 | -3.83 |
| Martin ratioReturn relative to average drawdown | 1.30 | 15.07 | -13.76 |
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Drawdowns
EL4X.DE vs. XB4A.DE - Drawdown Comparison
The maximum EL4X.DE drawdown since its inception was -56.06%, roughly equal to the maximum XB4A.DE drawdown of -53.54%. Use the drawdown chart below to compare losses from any high point for EL4X.DE and XB4A.DE.
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Drawdown Indicators
| EL4X.DE | XB4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.06% | -53.54% | -2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.87% | -10.88% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -16.26% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -34.51% | -32.50% | -2.01% |
Max Drawdown (10Y)Largest decline over 10 years | -56.06% | -53.54% | -2.52% |
Current DrawdownCurrent decline from peak | -3.25% | -1.85% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -14.55% | -9.88% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.64% | 3.22% | +1.42% |
Volatility
EL4X.DE vs. XB4A.DE - Volatility Comparison
Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) has a higher volatility of 5.86% compared to Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) at 5.22%. This indicates that EL4X.DE's price experiences larger fluctuations and is considered to be riskier than XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 5.22% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 13.32% | 14.88% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.00% | 17.61% | -1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.04% | 19.15% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 20.15% | -1.97% |
EL4X.DE vs. XB4A.DE - Expense Ratio Comparison
EL4X.DE has a 0.30% expense ratio, which is higher than XB4A.DE's 0.25% expense ratio.
Dividends
EL4X.DE vs. XB4A.DE - Dividend Comparison
EL4X.DE's dividend yield for the trailing twelve months is around 4.56%, while XB4A.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 | 4.56% | 5.11% | 7.17% | 5.99% | 8.64% | 3.83% | 2.89% | 6.21% | 0.42% | 7.17% | 7.37% | 5.62% |
XB4A.DE Xtrackers ATX 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 XB4A.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XB4A.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XB4A.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for EL4X.DE.
EL4X.DE tracks DAXplus® Maximum Dividend, while XB4A.DE tracks ATX Index. They also come from different issuers: Deka and Xtrackers. Their fees differ too: 0.30% for EL4X.DE and 0.25% for XB4A.DE.
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