EL4Y.DE vs. EL4X.DE
EL4Y.DE (Deka STOXX Europe 50 UCITS ETF) and EL4X.DE (Deka DAXplus Maximum Dividend UCITS ETF) are both Europe Equities funds from Deka - EL4Y.DE tracks the STOXX® Europe 50 while EL4X.DE tracks the DAXplus® Maximum Dividend. Both are passively managed. Over the past 10 years, EL4Y.DE returned 10.52%/yr vs 3.27%/yr for EL4X.DE. A 0.75 correlation means they provide meaningful diversification when combined. EL4Y.DE charges 0.19%/yr vs 0.30%/yr for EL4X.DE.
Performance
EL4Y.DE vs. EL4X.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4Y.DE achieves a 10.99% return, which is significantly higher than EL4X.DE's 6.52% return. Over the past 10 years, EL4Y.DE has outperformed EL4X.DE with an annualized return of 10.52%, while EL4X.DE has yielded a comparatively lower 3.27% annualized return.
EL4Y.DE
- 1D
- 0.80%
- 1M
- 3.17%
- YTD
- 10.99%
- 6M
- 11.63%
- 1Y
- 24.22%
- 3Y*
- 13.89%
- 5Y*
- 11.65%
- 10Y*
- 10.52%
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%
EL4Y.DE vs. EL4X.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4Y.DE Deka STOXX Europe 50 UCITS ETF | 10.99% | 18.13% | 7.66% | 14.56% | -1.50% | 25.85% | -6.24% | 28.33% | -10.18% | 8.88% |
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% |
Correlation
The correlation between EL4Y.DE and EL4X.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2009 | 0.75 |
The correlation between EL4Y.DE and EL4X.DE has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.
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Return for Risk
EL4Y.DE vs. EL4X.DE — Risk / Return Rank
EL4Y.DE
EL4X.DE
EL4Y.DE vs. EL4X.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 DAXplus Maximum Dividend UCITS ETF (EL4X.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.
| EL4Y.DE | EL4X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.11 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 0.88 | +1.67 |
| Martin ratioReturn relative to average drawdown | 9.32 | 1.89 | +7.43 |
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Drawdowns
EL4Y.DE vs. EL4X.DE - Drawdown Comparison
The maximum EL4Y.DE drawdown since its inception was -32.49%, smaller than the maximum EL4X.DE drawdown of -52.91%. Use the drawdown chart below to compare losses from any high point for EL4Y.DE and EL4X.DE.
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Drawdown Indicators
| EL4Y.DE | EL4X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.49% | -52.91% | +20.42% |
Max Drawdown (1Y)Largest decline over 1 year | -9.46% | -9.87% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -17.12% | -16.60% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -34.51% | +17.39% |
Max Drawdown (10Y)Largest decline over 10 years | -32.49% | -52.91% | +20.42% |
Current DrawdownCurrent decline from peak | 0.00% | -2.41% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -12.10% | +6.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 4.60% | -2.01% |
Volatility
EL4Y.DE vs. EL4X.DE - Volatility Comparison
The current volatility for Deka STOXX Europe 50 UCITS ETF (EL4Y.DE) is 3.03%, while Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) has a volatility of 4.66%. This indicates that EL4Y.DE experiences smaller price fluctuations and is considered to be less risky than EL4X.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 | EL4X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 4.66% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 11.10% | 12.17% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.48% | 15.36% | -1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 16.91% | -2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.94% | 18.10% | -3.16% |
EL4Y.DE vs. EL4X.DE - Expense Ratio Comparison
EL4Y.DE has a 0.19% expense ratio, which is lower than EL4X.DE's 0.30% expense ratio.
Dividends
EL4Y.DE vs. EL4X.DE - Dividend Comparison
EL4Y.DE's dividend yield for the trailing twelve months is around 2.28%, less than EL4X.DE's 4.71% yield.
| 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% |
EL4Y.DE Deka STOXX Europe 50 UCITS ETF | 2.28% | 2.61% | 2.93% | 2.60% | 2.77% | 2.44% | 2.71% | 3.11% | 3.82% | 3.38% | 3.49% | 3.65% |
Frequently Asked Questions
EL4Y.DE and EL4X.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 EL4X.DE.
EL4Y.DE tracks STOXX® Europe 50, while EL4X.DE tracks DAXplus® Maximum Dividend. Their fees differ too: 0.19% for EL4Y.DE and 0.30% for EL4X.DE.
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