ELF0.DE vs. ESNB.DE
ELF0.DE (Deka DAX ex Financials 30 UCITS ETF) and ESNB.DE (Expat Serbia BELEX15 UCITS ETF) are both Europe Equities funds - ELF0.DE tracks the DAX® ex Financials 30 while ESNB.DE tracks the BELEX15 Index. Both are passively managed. Over the past 5 years, ELF0.DE returned 6.07%/yr vs -1.86%/yr for ESNB.DE. At a correlation of -0.00, they often move in opposite directions. ELF0.DE charges 0.30%/yr vs 1.38%/yr for ESNB.DE.
Performance
ELF0.DE vs. ESNB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELF0.DE achieves a 3.94% return, which is significantly higher than ESNB.DE's -7.20% return.
ELF0.DE
- 1D
- -0.59%
- 1M
- -2.04%
- 6M
- -1.24%
- YTD
- 3.94%
- 1Y
- 4.68%
- 3Y*
- 12.06%
- 5Y*
- 6.07%
- 10Y*
- 7.06%
ESNB.DE
- 1D
- -0.13%
- 1M
- -0.70%
- 6M
- -5.93%
- YTD
- -7.20%
- 1Y
- -5.98%
- 3Y*
- -1.71%
- 5Y*
- -1.86%
- 10Y*
- —
ELF0.DE vs. ESNB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ELF0.DE Deka DAX ex Financials 30 UCITS ETF | 3.94% | 22.31% | 11.89% | 15.27% | -18.05% | 14.04% | 5.09% | 23.61% | -17.36% |
ESNB.DE Expat Serbia BELEX15 UCITS ETF | -7.20% | 0.82% | 0.78% | 2.90% | -8.70% | 5.74% | -3.42% | 5.43% | -7.45% |
Correlation
The correlation between ELF0.DE and ESNB.DE is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | -0.00 |
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Return for Risk
ELF0.DE vs. ESNB.DE — Risk / Return Rank
ELF0.DE
ESNB.DE
ELF0.DE vs. ESNB.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 Expat Serbia BELEX15 UCITS ETF (ESNB.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.
| ELF0.DE | ESNB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.91 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | -0.49 | +0.87 |
| Martin ratioReturn relative to average drawdown | 1.17 | -1.05 | +2.21 |
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Drawdowns
ELF0.DE vs. ESNB.DE - Drawdown Comparison
The maximum ELF0.DE drawdown since its inception was -41.12%, which is greater than ESNB.DE's maximum drawdown of -22.77%. Use the drawdown chart below to compare losses from any high point for ELF0.DE and ESNB.DE.
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Drawdown Indicators
| ELF0.DE | ESNB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.12% | -22.77% | -18.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -10.40% | -1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -12.60% | -4.89% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -15.85% | -15.32% |
Max Drawdown (10Y)Largest decline over 10 years | -41.12% | — | — |
Current DrawdownCurrent decline from peak | -4.50% | -13.87% | +9.37% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -8.44% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 4.88% | -0.87% |
Volatility
ELF0.DE vs. ESNB.DE - Volatility Comparison
Deka DAX ex Financials 30 UCITS ETF (ELF0.DE) has a higher volatility of 5.43% compared to Expat Serbia BELEX15 UCITS ETF (ESNB.DE) at 3.07%. This indicates that ELF0.DE's price experiences larger fluctuations and is considered to be riskier than ESNB.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 | ESNB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 3.07% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 14.85% | 6.22% | +8.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 9.76% | +7.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.47% | 10.53% | +7.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 12.11% | +6.51% |
ELF0.DE vs. ESNB.DE - Expense Ratio Comparison
ELF0.DE has a 0.30% expense ratio, which is lower than ESNB.DE's 1.38% expense ratio.
Dividends
ELF0.DE vs. ESNB.DE - Dividend Comparison
ELF0.DE's dividend yield for the trailing twelve months is around 2.02%, while ESNB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELF0.DE Deka DAX ex Financials 30 UCITS ETF | 2.02% | 2.10% | 2.35% | 3.01% | 2.78% | 1.58% | 1.74% | 2.22% | 2.59% | 2.24% | 1.99% | 2.18% |
ESNB.DE Expat Serbia BELEX15 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
ELF0.DE and ESNB.DE have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ELF0.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ELF0.DE is cheaper with a 0.30% expense ratio, compared with 1.38% for ESNB.DE.
ELF0.DE tracks DAX® ex Financials 30, while ESNB.DE tracks BELEX15 Index. They also come from different issuers: Deka and Expat. Their fees differ too: 0.30% for ELF0.DE and 1.38% for ESNB.DE.
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