EL4Y.DE vs. MVEE.DE
EL4Y.DE (Deka STOXX Europe 50 UCITS ETF) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - EL4Y.DE tracks the STOXX® Europe 50 while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, EL4Y.DE returned 11.65%/yr vs 6.17%/yr for MVEE.DE. Their correlation of 0.83 suggests significant overlap in exposure. EL4Y.DE charges 0.19%/yr vs 0.25%/yr for MVEE.DE.
Performance
EL4Y.DE vs. MVEE.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 MVEE.DE's 8.14% 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%
MVEE.DE
- 1D
- 0.92%
- 1M
- 1.27%
- YTD
- 8.14%
- 6M
- 8.67%
- 1Y
- 11.72%
- 3Y*
- 10.33%
- 5Y*
- 6.17%
- 10Y*
- —
EL4Y.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EL4Y.DE Deka STOXX Europe 50 UCITS ETF | 10.99% | 18.13% | 7.66% | 14.56% | -1.50% | 25.85% | 14.55% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 8.14% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between EL4Y.DE and MVEE.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.83 |
Over the past year, the correlation between EL4Y.DE and MVEE.DE has dropped to 0.62 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
EL4Y.DE vs. MVEE.DE — Risk / Return Rank
EL4Y.DE
MVEE.DE
EL4Y.DE vs. MVEE.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 ESG UCITS ETF (Acc) (MVEE.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 | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.22 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 1.58 | +0.97 |
| Martin ratioReturn relative to average drawdown | 9.32 | 5.45 | +3.87 |
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Drawdowns
EL4Y.DE vs. MVEE.DE - Drawdown Comparison
The maximum EL4Y.DE drawdown since its inception was -32.49%, which is greater than MVEE.DE's maximum drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for EL4Y.DE and MVEE.DE.
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Drawdown Indicators
| EL4Y.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.49% | -20.19% | -12.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.46% | -7.40% | -2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -17.12% | -12.19% | -4.93% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -20.19% | +3.07% |
Max Drawdown (10Y)Largest decline over 10 years | -32.49% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -4.50% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.15% | +0.44% |
Volatility
EL4Y.DE vs. MVEE.DE - Volatility Comparison
Deka STOXX Europe 50 UCITS ETF (EL4Y.DE) has a higher volatility of 3.03% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.19%. This indicates that EL4Y.DE's price experiences larger fluctuations and is considered to be riskier than MVEE.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 | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 2.19% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 11.10% | 8.16% | +2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.48% | 9.93% | +3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 12.08% | +1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.94% | 12.47% | +2.47% |
EL4Y.DE vs. MVEE.DE - Expense Ratio Comparison
EL4Y.DE has a 0.19% expense ratio, which is lower than MVEE.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. MVEE.DE - Dividend Comparison
EL4Y.DE's dividend yield for the trailing twelve months is around 2.28%, while MVEE.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 | 2.28% | 2.61% | 2.93% | 2.60% | 2.77% | 2.44% | 2.71% | 3.11% | 3.82% | 3.38% | 3.49% | 3.65% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG 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
EL4Y.DE and MVEE.DE have a correlation of 0.62, 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 MVEE.DE.
EL4Y.DE tracks STOXX® Europe 50, while MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: Deka and iShares. Their fees differ too: 0.19% for EL4Y.DE and 0.25% for MVEE.DE.
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