ELF0.DE vs. DBXI.DE
ELF0.DE (Deka DAX ex Financials 30 UCITS ETF) and DBXI.DE (Xtrackers FTSE MIB UCITS ETF) are both Europe Equities funds - ELF0.DE tracks the DAX® ex Financials 30 while DBXI.DE tracks the FTSE MIB. Both are passively managed. Over the past 10 years, ELF0.DE returned 7.55%/yr vs 14.91%/yr for DBXI.DE. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
ELF0.DE vs. DBXI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELF0.DE achieves a 7.39% return, which is significantly lower than DBXI.DE's 14.49% return. Over the past 10 years, ELF0.DE has underperformed DBXI.DE with an annualized return of 7.55%, while DBXI.DE has yielded a comparatively higher 14.91% annualized return.
ELF0.DE
- 1D
- 0.23%
- 1M
- 1.13%
- YTD
- 7.39%
- 6M
- 9.09%
- 1Y
- 7.84%
- 3Y*
- 13.49%
- 5Y*
- 6.68%
- 10Y*
- 7.55%
DBXI.DE
- 1D
- 0.21%
- 1M
- 2.55%
- YTD
- 14.49%
- 6M
- 18.42%
- 1Y
- 29.63%
- 3Y*
- 28.95%
- 5Y*
- 19.73%
- 10Y*
- 14.91%
ELF0.DE vs. DBXI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELF0.DE Deka DAX ex Financials 30 UCITS ETF | 7.39% | 22.31% | 11.90% | 15.27% | -18.05% | 14.05% | 5.05% | 23.64% | -20.14% | 11.11% |
DBXI.DE Xtrackers FTSE MIB UCITS ETF | 14.49% | 37.50% | 18.27% | 33.40% | -9.08% | 26.51% | -4.28% | 33.02% | -14.48% | 16.46% |
Correlation
The correlation between ELF0.DE and DBXI.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
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 Jul 30, 2013 | 0.75 |
The correlation between ELF0.DE and DBXI.DE has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.
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Return for Risk
ELF0.DE vs. DBXI.DE — Risk / Return Rank
ELF0.DE
DBXI.DE
ELF0.DE vs. DBXI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka DAX ex Financials 30 UCITS ETF (ELF0.DE) and Xtrackers FTSE MIB UCITS ETF (DBXI.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.
| ELF0.DE | DBXI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.34 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 3.17 | -2.53 |
| Martin ratioReturn relative to average drawdown | 1.96 | 11.42 | -9.46 |
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
| ELF0.DE | DBXI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 1.94 | -1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 1.09 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.75 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.19 | +0.21 |
Drawdowns
ELF0.DE vs. DBXI.DE - Drawdown Comparison
The maximum ELF0.DE drawdown since its inception was -40.99%, smaller than the maximum DBXI.DE drawdown of -69.49%. Use the drawdown chart below to compare losses from any high point for ELF0.DE and DBXI.DE.
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Drawdown Indicators
| ELF0.DE | DBXI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -69.49% | +28.50% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -9.62% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -17.56% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -25.10% | -6.07% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | -40.46% | -0.53% |
Current DrawdownCurrent decline from peak | -1.35% | -0.77% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -8.53% | -29.56% | +21.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 2.67% | +1.35% |
Volatility
ELF0.DE vs. DBXI.DE - Volatility Comparison
Deka DAX ex Financials 30 UCITS ETF (ELF0.DE) has a higher volatility of 5.33% compared to Xtrackers FTSE MIB UCITS ETF (DBXI.DE) at 4.63%. This indicates that ELF0.DE's price experiences larger fluctuations and is considered to be riskier than DBXI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELF0.DE | DBXI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 4.63% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 12.34% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.13% | 15.69% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 18.31% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 20.37% | -1.56% |
ELF0.DE vs. DBXI.DE - Expense Ratio Comparison
Both ELF0.DE and DBXI.DE have an expense ratio of 0.30%.
Dividends
ELF0.DE vs. DBXI.DE - Dividend Comparison
ELF0.DE's dividend yield for the trailing twelve months is around 1.66%, less than DBXI.DE's 3.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXI.DE Xtrackers FTSE MIB UCITS ETF | 3.63% | 3.93% | 4.53% | 3.78% | 7.45% | 0.94% | 4.23% | 3.33% | 2.66% | 1.94% | 2.51% | 0.15% |
ELF0.DE Deka DAX ex Financials 30 UCITS ETF | 1.66% | 2.10% | 2.35% | 3.01% | 2.78% | 1.58% | 1.74% | 2.22% | 2.82% | 2.24% | 2.23% | 2.18% |
Frequently Asked Questions
ELF0.DE and DBXI.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ELF0.DE and DBXI.DE have the same expense ratio: 0.30% per year.
ELF0.DE tracks DAX® ex Financials 30, while DBXI.DE tracks FTSE MIB. They also come from different issuers: Deka and Xtrackers.
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