EL4Y.DE vs. EL4A.DE
EL4Y.DE (Deka STOXX Europe 50 UCITS ETF) and EL4A.DE (Deka DAX UCITS ETF) are both Europe Equities funds from Deka - EL4Y.DE tracks the STOXX® Europe 50 while EL4A.DE tracks the DAX®. Both are passively managed. Over the past 10 years, EL4Y.DE returned 9.26%/yr vs 8.89%/yr for EL4A.DE. A 0.69 correlation means they provide meaningful diversification when combined. EL4Y.DE charges 0.19%/yr vs 0.15%/yr for EL4A.DE.
Performance
EL4Y.DE vs. EL4A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4Y.DE achieves a 7.24% return, which is significantly higher than EL4A.DE's 1.28% return. Both investments have delivered pretty close results over the past 10 years, with EL4Y.DE having a 9.26% annualized return and EL4A.DE not far behind at 8.89%.
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%
EL4A.DE
- 1D
- 0.51%
- 1M
- -0.07%
- YTD
- 1.28%
- 6M
- 3.34%
- 1Y
- 2.01%
- 3Y*
- 15.42%
- 5Y*
- 9.09%
- 10Y*
- 8.89%
EL4Y.DE vs. EL4A.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% |
EL4A.DE Deka DAX UCITS ETF | 1.28% | 22.57% | 18.09% | 19.52% | -12.77% | 15.21% | 3.01% | 24.61% | -18.58% | 12.49% |
Correlation
The correlation between EL4Y.DE and EL4A.DE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 5, 2009 | 0.69 |
The correlation between EL4Y.DE and EL4A.DE shifts across timeframes, from 0.69 (all time) to 0.85 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EL4Y.DE vs. EL4A.DE — Risk / Return Rank
EL4Y.DE
EL4A.DE
EL4Y.DE vs. EL4A.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 DAX UCITS ETF (EL4A.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 | EL4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.04 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 0.18 | +1.56 |
| Martin ratioReturn relative to average drawdown | 6.12 | 0.56 | +5.56 |
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 | EL4A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 0.14 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.52 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.48 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.37 | +0.27 |
Drawdowns
EL4Y.DE vs. EL4A.DE - Drawdown Comparison
The maximum EL4Y.DE drawdown since its inception was -32.48%, smaller than the maximum EL4A.DE drawdown of -46.64%. Use the drawdown chart below to compare losses from any high point for EL4Y.DE and EL4A.DE.
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Drawdown Indicators
| EL4Y.DE | EL4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.48% | -46.64% | +14.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -12.34% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -17.13% | -15.89% | -1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -17.13% | -26.76% | +9.63% |
Max Drawdown (10Y)Largest decline over 10 years | -32.48% | -38.68% | +6.20% |
Current DrawdownCurrent decline from peak | -1.67% | -2.29% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -8.91% | +3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 3.98% | -1.29% |
Volatility
EL4Y.DE vs. EL4A.DE - Volatility Comparison
The current volatility for Deka STOXX Europe 50 UCITS ETF (EL4Y.DE) is 4.38%, while Deka DAX UCITS ETF (EL4A.DE) has a volatility of 5.14%. This indicates that EL4Y.DE experiences smaller price fluctuations and is considered to be less risky than EL4A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4Y.DE | EL4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 5.14% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 12.97% | -2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 16.09% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 17.18% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 18.36% | -2.62% |
EL4Y.DE vs. EL4A.DE - Expense Ratio Comparison
EL4Y.DE has a 0.19% expense ratio, which is higher than EL4A.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EL4Y.DE vs. EL4A.DE - Dividend Comparison
EL4Y.DE's dividend yield for the trailing twelve months is around 2.32%, while EL4A.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4A.DE Deka DAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.56% | 0.65% | 0.60% |
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
EL4Y.DE and EL4A.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4A.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4A.DE is cheaper with a 0.15% expense ratio, compared with 0.19% for EL4Y.DE.
EL4Y.DE tracks STOXX® Europe 50, while EL4A.DE tracks DAX®. Their fees differ too: 0.19% for EL4Y.DE and 0.15% for EL4A.DE.
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