EL4Y.DE vs. EL42.DE
EL4Y.DE (Deka STOXX Europe 50 UCITS ETF) and EL42.DE (Deka MSCI Europe UCITS ETF) are both Europe Equities funds from Deka - EL4Y.DE tracks the STOXX® Europe 50 while EL42.DE tracks the MSCI Europe. Both are passively managed. Over the past 10 years, EL4Y.DE returned 9.26%/yr vs 8.94%/yr for EL42.DE. A 0.78 correlation means they provide meaningful diversification when combined. EL4Y.DE charges 0.19%/yr vs 0.30%/yr for EL42.DE.
Performance
EL4Y.DE vs. EL42.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EL4Y.DE having a 7.24% return and EL42.DE slightly higher at 7.59%. Both investments have delivered pretty close results over the past 10 years, with EL4Y.DE having a 9.26% annualized return and EL42.DE not far behind at 8.94%.
EL4Y.DE
- 1D
- 0.78%
- 1M
- 0.70%
- YTD
- 7.24%
- 6M
- 9.68%
- 1Y
- 16.54%
- 3Y*
- 12.17%
- 5Y*
- 11.26%
- 10Y*
- 9.26%
EL42.DE
- 1D
- 0.56%
- 1M
- 1.11%
- YTD
- 7.59%
- 6M
- 9.92%
- 1Y
- 15.89%
- 3Y*
- 13.43%
- 5Y*
- 9.71%
- 10Y*
- 8.94%
EL4Y.DE vs. EL42.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4Y.DE Deka STOXX Europe 50 UCITS ETF | 7.24% | 18.13% | 7.64% | 14.59% | -1.21% | 25.48% | -6.26% | 28.33% | -10.18% | 8.89% |
EL42.DE Deka MSCI Europe UCITS ETF | 7.59% | 20.03% | 7.79% | 15.64% | -9.11% | 24.38% | -3.36% | 27.36% | -10.93% | 10.10% |
Correlation
The correlation between EL4Y.DE and EL42.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2009 | 0.78 |
The correlation between EL4Y.DE and EL42.DE shifts across timeframes, from 0.78 (all time) to 0.97 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EL4Y.DE vs. EL42.DE — Risk / Return Rank
EL4Y.DE
EL42.DE
EL4Y.DE vs. EL42.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka STOXX Europe 50 UCITS ETF (EL4Y.DE) and Deka MSCI Europe UCITS ETF (EL42.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.
| EL4Y.DE | EL42.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.67 | +0.07 |
| Martin ratioReturn relative to average drawdown | 6.12 | 6.24 | -0.12 |
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
| EL4Y.DE | EL42.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.25 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.68 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.57 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.60 | +0.05 |
Drawdowns
EL4Y.DE vs. EL42.DE - Drawdown Comparison
The maximum EL4Y.DE drawdown since its inception was -32.48%, smaller than the maximum EL42.DE drawdown of -35.85%. Use the drawdown chart below to compare losses from any high point for EL4Y.DE and EL42.DE.
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Drawdown Indicators
| EL4Y.DE | EL42.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.48% | -35.85% | +3.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -9.57% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -17.13% | -16.42% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -17.13% | -19.44% | +2.31% |
Max Drawdown (10Y)Largest decline over 10 years | -32.48% | -35.85% | +3.37% |
Current DrawdownCurrent decline from peak | -1.67% | -1.52% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -5.32% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 2.56% | +0.13% |
Volatility
EL4Y.DE vs. EL42.DE - Volatility Comparison
Deka STOXX Europe 50 UCITS ETF (EL4Y.DE) and Deka MSCI Europe UCITS ETF (EL42.DE) have volatilities of 4.38% and 4.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4Y.DE | EL42.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 4.22% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 10.55% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 12.74% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 14.21% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 15.56% | +0.18% |
EL4Y.DE vs. EL42.DE - Expense Ratio Comparison
EL4Y.DE has a 0.19% expense ratio, which is lower than EL42.DE's 0.30% expense ratio.
Dividends
EL4Y.DE vs. EL42.DE - Dividend Comparison
EL4Y.DE's dividend yield for the trailing twelve months is around 2.32%, more than EL42.DE's 2.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL42.DE Deka MSCI Europe UCITS ETF | 2.15% | 2.31% | 2.64% | 2.59% | 2.78% | 2.09% | 1.94% | 2.76% | 3.41% | 2.72% | 3.00% | 2.69% |
EL4Y.DE Deka STOXX Europe 50 UCITS ETF | 2.32% | 2.61% | 2.93% | 2.60% | 2.77% | 2.45% | 2.71% | 3.11% | 3.82% | 3.38% | 3.49% | 3.65% |
Frequently Asked Questions
With a correlation of 0.97, EL4Y.DE and EL42.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EL4Y.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4Y.DE is cheaper with a 0.19% expense ratio, compared with 0.30% for EL42.DE.
EL4Y.DE tracks STOXX® Europe 50, while EL42.DE tracks MSCI Europe. Their fees differ too: 0.19% for EL4Y.DE and 0.30% for EL42.DE.
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