EL4Z.DE vs. MVEA.DE
EL4Z.DE (Deka MSCI USA UCITS ETF) and MVEA.DE (iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF) are both Large Cap Blend Equities funds - EL4Z.DE tracks the MSCI USA while MVEA.DE tracks the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, EL4Z.DE returned 13.83%/yr vs 6.87%/yr for MVEA.DE. A 0.79 correlation means they provide meaningful diversification when combined. EL4Z.DE charges 0.30%/yr vs 0.20%/yr for MVEA.DE.
Performance
EL4Z.DE vs. MVEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4Z.DE achieves a 11.05% return, which is significantly higher than MVEA.DE's 2.43% return.
EL4Z.DE
- 1D
- -0.11%
- 1M
- 4.50%
- YTD
- 11.05%
- 6M
- 10.47%
- 1Y
- 24.48%
- 3Y*
- 18.53%
- 5Y*
- 13.83%
- 10Y*
- 14.39%
MVEA.DE
- 1D
- -0.13%
- 1M
- 3.15%
- YTD
- 2.43%
- 6M
- 2.17%
- 1Y
- 1.20%
- 3Y*
- 6.69%
- 5Y*
- 6.87%
- 10Y*
- —
EL4Z.DE vs. MVEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EL4Z.DE Deka MSCI USA UCITS ETF | 11.05% | 3.99% | 32.17% | 22.99% | -16.37% | 38.20% | 20.06% |
MVEA.DE iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF | 2.43% | -7.09% | 19.73% | 8.74% | -6.83% | 34.90% | 5.86% |
Correlation
The correlation between EL4Z.DE and MVEA.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.79 |
Over the past year, the correlation between EL4Z.DE and MVEA.DE has dropped to 0.49 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
EL4Z.DE vs. MVEA.DE — Risk / Return Rank
EL4Z.DE
MVEA.DE
EL4Z.DE vs. MVEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI USA UCITS ETF (EL4Z.DE) and iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.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.
| EL4Z.DE | MVEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.02 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 0.17 | +3.14 |
| Martin ratioReturn relative to average drawdown | 11.44 | 0.35 | +11.09 |
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
| EL4Z.DE | MVEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 0.09 | +2.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.55 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.66 | +0.33 |
Drawdowns
EL4Z.DE vs. MVEA.DE - Drawdown Comparison
The maximum EL4Z.DE drawdown since its inception was -34.19%, which is greater than MVEA.DE's maximum drawdown of -17.47%. Use the drawdown chart below to compare losses from any high point for EL4Z.DE and MVEA.DE.
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Drawdown Indicators
| EL4Z.DE | MVEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.19% | -17.47% | -16.72% |
Max Drawdown (1Y)Largest decline over 1 year | -7.42% | -4.92% | -2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -24.03% | -17.47% | -6.56% |
Max Drawdown (5Y)Largest decline over 5 years | -24.03% | -17.47% | -6.56% |
Max Drawdown (10Y)Largest decline over 10 years | -34.19% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -10.27% | +9.87% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -5.38% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 2.39% | -0.24% |
Volatility
EL4Z.DE vs. MVEA.DE - Volatility Comparison
Deka MSCI USA UCITS ETF (EL4Z.DE) and iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.DE) have volatilities of 2.74% and 2.72%, 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
| EL4Z.DE | MVEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 2.72% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 5.90% | +1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.74% | 8.97% | +2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.48% | 12.27% | +3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.22% | 12.79% | +3.43% |
EL4Z.DE vs. MVEA.DE - Expense Ratio Comparison
EL4Z.DE has a 0.30% expense ratio, which is higher than MVEA.DE's 0.20% expense ratio.
Dividends
EL4Z.DE vs. MVEA.DE - Dividend Comparison
EL4Z.DE's dividend yield for the trailing twelve months is around 0.49%, while MVEA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4Z.DE Deka MSCI USA UCITS ETF | 0.49% | 0.57% | 0.74% | 1.23% | 1.09% | 0.52% | 0.90% | 0.95% | 1.16% | 1.03% | 1.07% | 1.47% |
MVEA.DE iShares Edge MSCI USA Minimum Volatility ESG 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
EL4Z.DE and MVEA.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEA.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for EL4Z.DE.
EL4Z.DE tracks MSCI USA, while MVEA.DE tracks Russell 1000 TR USD. They also come from different issuers: Deka Investment GmbH and iShares. Their fees differ too: 0.30% for EL4Z.DE and 0.20% for MVEA.DE.
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