ELF0.DE vs. EL4A.DE
ELF0.DE (Deka DAX ex Financials 30 UCITS ETF) and EL4A.DE (Deka DAX UCITS ETF) are both Europe Equities funds from Deka - ELF0.DE tracks the DAX® ex Financials 30 while EL4A.DE tracks the DAX®. Both are passively managed. Over the past 10 years, ELF0.DE returned 7.55%/yr vs 8.89%/yr for EL4A.DE. With a 0.96 correlation, they move nearly in lockstep. ELF0.DE charges 0.30%/yr vs 0.15%/yr for EL4A.DE.
Performance
ELF0.DE vs. EL4A.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ELF0.DE achieves a 7.39% return, which is significantly higher than EL4A.DE's 1.28% return. Over the past 10 years, ELF0.DE has underperformed EL4A.DE with an annualized return of 7.55%, while EL4A.DE has yielded a comparatively higher 8.89% 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%
EL4A.DE
- 1D
- 0.51%
- 1M
- -0.07%
- YTD
- 1.28%
- 6M
- 3.34%
- 1Y
- 2.01%
- 3Y*
- 15.42%
- 5Y*
- 9.09%
- 10Y*
- 8.89%
ELF0.DE vs. EL4A.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% |
EL4A.DE Deka DAX UCITS ETF | 1.28% | 22.57% | 18.09% | 19.52% | -12.77% | 15.21% | 3.01% | 24.61% | -18.58% | 12.49% |
Correlation
The correlation between ELF0.DE and EL4A.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2013 | 0.96 |
The correlation between ELF0.DE and EL4A.DE has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ELF0.DE vs. EL4A.DE — Risk / Return Rank
ELF0.DE
EL4A.DE
ELF0.DE vs. EL4A.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 Deka DAX UCITS ETF (EL4A.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 | EL4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.04 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 0.18 | +0.46 |
| Martin ratioReturn relative to average drawdown | 1.96 | 0.56 | +1.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ELF0.DE | EL4A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 0.14 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.52 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.48 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.37 | +0.03 |
Drawdowns
ELF0.DE vs. EL4A.DE - Drawdown Comparison
The maximum ELF0.DE drawdown since its inception was -40.99%, smaller than the maximum EL4A.DE drawdown of -46.64%. Use the drawdown chart below to compare losses from any high point for ELF0.DE and EL4A.DE.
Loading charts...
Drawdown Indicators
| ELF0.DE | EL4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -46.64% | +5.65% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -12.34% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -15.89% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -26.76% | -4.41% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | -38.68% | -2.31% |
Current DrawdownCurrent decline from peak | -1.35% | -2.29% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -8.53% | -8.91% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 3.98% | +0.04% |
Volatility
ELF0.DE vs. EL4A.DE - Volatility Comparison
Deka DAX ex Financials 30 UCITS ETF (ELF0.DE) and Deka DAX UCITS ETF (EL4A.DE) have volatilities of 5.33% and 5.14%, 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.
Loading charts...
Volatility by Period
| ELF0.DE | EL4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 5.14% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 12.97% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.13% | 16.09% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 17.18% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 18.36% | +0.45% |
ELF0.DE vs. EL4A.DE - Expense Ratio Comparison
ELF0.DE has a 0.30% expense ratio, which is higher than EL4A.DE's 0.15% expense ratio.
Dividends
ELF0.DE vs. EL4A.DE - Dividend Comparison
ELF0.DE's dividend yield for the trailing twelve months is around 1.66%, while EL4A.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4A.DE Deka DAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.56% | 0.65% | 0.60% |
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
With a correlation of 0.91, ELF0.DE and EL4A.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EL4A.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4A.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for ELF0.DE.
ELF0.DE tracks DAX® ex Financials 30, while EL4A.DE tracks DAX®. Their fees differ too: 0.30% for ELF0.DE and 0.15% for EL4A.DE.
Find the right allocation for ELF0.DE and EL4A.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer