ELF0.DE vs. EL4F.DE
ELF0.DE (Deka DAX ex Financials 30 UCITS ETF) and EL4F.DE (Deka DAX (ausschüttend) UCITS ETF) are both Europe Equities funds from Deka - ELF0.DE tracks the DAX® ex Financials 30 while EL4F.DE tracks the DAX®. Both are passively managed. Over the past 10 years, ELF0.DE returned 7.55%/yr vs 8.87%/yr for EL4F.DE. With a 0.96 correlation, they move nearly in lockstep. ELF0.DE charges 0.30%/yr vs 0.15%/yr for EL4F.DE.
Performance
ELF0.DE vs. EL4F.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 higher than EL4F.DE's 1.34% return. Over the past 10 years, ELF0.DE has underperformed EL4F.DE with an annualized return of 7.55%, while EL4F.DE has yielded a comparatively higher 8.87% 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%
EL4F.DE
- 1D
- 0.54%
- 1M
- -0.05%
- YTD
- 1.34%
- 6M
- 3.38%
- 1Y
- 2.04%
- 3Y*
- 15.44%
- 5Y*
- 9.08%
- 10Y*
- 8.87%
ELF0.DE vs. EL4F.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% |
EL4F.DE Deka DAX (ausschüttend) UCITS ETF | 1.34% | 22.54% | 18.07% | 19.54% | -12.81% | 15.13% | 2.76% | 24.66% | -18.50% | 12.62% |
Correlation
The correlation between ELF0.DE and EL4F.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 | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2013 | 0.96 |
The correlation between ELF0.DE and EL4F.DE has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
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Return for Risk
ELF0.DE vs. EL4F.DE — Risk / Return Rank
ELF0.DE
EL4F.DE
ELF0.DE vs. EL4F.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 (ausschüttend) UCITS ETF (EL4F.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 | EL4F.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 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 0.18 | +0.46 |
| Martin ratioReturn relative to average drawdown | 1.96 | 0.57 | +1.39 |
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 | EL4F.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 | 0.36 | +0.05 |
Drawdowns
ELF0.DE vs. EL4F.DE - Drawdown Comparison
The maximum ELF0.DE drawdown since its inception was -40.99%, smaller than the maximum EL4F.DE drawdown of -45.08%. Use the drawdown chart below to compare losses from any high point for ELF0.DE and EL4F.DE.
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Drawdown Indicators
| ELF0.DE | EL4F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -45.08% | +4.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -12.36% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -15.79% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -26.71% | -4.46% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | -38.59% | -2.40% |
Current DrawdownCurrent decline from peak | -1.35% | -2.26% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -8.53% | -8.33% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 3.98% | +0.04% |
Volatility
ELF0.DE vs. EL4F.DE - Volatility Comparison
Deka DAX ex Financials 30 UCITS ETF (ELF0.DE) and Deka DAX (ausschüttend) UCITS ETF (EL4F.DE) have volatilities of 5.33% and 5.16%, 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
| ELF0.DE | EL4F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 5.16% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 13.00% | +0.97% |
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% | 17.13% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 18.25% | +0.56% |
ELF0.DE vs. EL4F.DE - Expense Ratio Comparison
ELF0.DE has a 0.30% expense ratio, which is higher than EL4F.DE's 0.15% expense ratio.
Dividends
ELF0.DE vs. EL4F.DE - Dividend Comparison
ELF0.DE's dividend yield for the trailing twelve months is around 1.66%, less than EL4F.DE's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4F.DE Deka DAX (ausschüttend) UCITS ETF | 1.80% | 1.82% | 2.10% | 2.63% | 2.72% | 1.86% | 2.19% | 2.42% | 2.94% | 2.76% | 2.66% | 2.70% |
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 EL4F.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, EL4F.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4F.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for ELF0.DE.
ELF0.DE tracks DAX® ex Financials 30, while EL4F.DE tracks DAX®. Their fees differ too: 0.30% for ELF0.DE and 0.15% for EL4F.DE.
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