EL4Y.DE vs. EUN0.DE
EL4Y.DE (Deka STOXX Europe 50 UCITS ETF) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - EL4Y.DE tracks the STOXX® Europe 50 while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 10 years, EL4Y.DE returned 9.26%/yr vs 6.66%/yr for EUN0.DE. A 0.80 correlation means they provide meaningful diversification when combined. EL4Y.DE charges 0.19%/yr vs 0.25%/yr for EUN0.DE.
Performance
EL4Y.DE vs. EUN0.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 EUN0.DE's 5.60% return. Over the past 10 years, EL4Y.DE has outperformed EUN0.DE with an annualized return of 9.26%, while EUN0.DE has yielded a comparatively lower 6.66% annualized return.
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%
EUN0.DE
- 1D
- 0.54%
- 1M
- -0.19%
- YTD
- 5.60%
- 6M
- 7.10%
- 1Y
- 5.26%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
EL4Y.DE vs. EUN0.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% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | -4.02% | 24.17% | -4.36% | 9.14% |
Correlation
The correlation between EL4Y.DE and EUN0.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013 | 0.80 |
The correlation between EL4Y.DE and EUN0.DE has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
EL4Y.DE vs. EUN0.DE — Risk / Return Rank
EL4Y.DE
EUN0.DE
EL4Y.DE vs. EUN0.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 iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.11 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 0.76 | +0.98 |
| Martin ratioReturn relative to average drawdown | 6.12 | 1.97 | +4.14 |
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 | EUN0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 0.62 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.66 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.53 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.63 | +0.01 |
Drawdowns
EL4Y.DE vs. EUN0.DE - Drawdown Comparison
The maximum EL4Y.DE drawdown since its inception was -32.48%, which is greater than EUN0.DE's maximum drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for EL4Y.DE and EUN0.DE.
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Drawdown Indicators
| EL4Y.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.48% | -30.68% | -1.80% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -7.16% | -2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -17.13% | -10.73% | -6.40% |
Max Drawdown (5Y)Largest decline over 5 years | -17.13% | -19.64% | +2.51% |
Max Drawdown (10Y)Largest decline over 10 years | -32.48% | -30.68% | -1.80% |
Current DrawdownCurrent decline from peak | -1.67% | -3.12% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -4.69% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 2.76% | -0.07% |
Volatility
EL4Y.DE vs. EUN0.DE - Volatility Comparison
Deka STOXX Europe 50 UCITS ETF (EL4Y.DE) has a higher volatility of 4.38% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 3.03%. This indicates that EL4Y.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 3.03% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 7.20% | +3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 8.77% | +4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 11.02% | +2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 12.51% | +3.23% |
EL4Y.DE vs. EUN0.DE - Expense Ratio Comparison
EL4Y.DE has a 0.19% expense ratio, which is lower than EUN0.DE's 0.25% expense ratio. Despite the difference, 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. EUN0.DE - Dividend Comparison
EL4Y.DE's dividend yield for the trailing twelve months is around 2.32%, while EUN0.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 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
EL4Y.DE and EUN0.DE have a correlation of 0.75, 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 0.25% for EUN0.DE.
EL4Y.DE tracks STOXX® Europe 50, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: Deka and iShares. Their fees differ too: 0.19% for EL4Y.DE and 0.25% for EUN0.DE.
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