ELF0.DE vs. EXXX.DE
ELF0.DE (Deka DAX ex Financials 30 UCITS ETF) and EXXX.DE (iShares ATX UCITS ETF (DE)) are both Europe Equities funds - ELF0.DE tracks the DAX® ex Financials 30 while EXXX.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, ELF0.DE returned 7.06%/yr vs 14.37%/yr for EXXX.DE. A 0.68 correlation means they provide meaningful diversification when combined. ELF0.DE charges 0.30%/yr vs 0.32%/yr for EXXX.DE.
Performance
ELF0.DE vs. EXXX.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 lower than EXXX.DE's 24.87% return. Over the past 10 years, ELF0.DE has underperformed EXXX.DE with an annualized return of 7.06%, while EXXX.DE has yielded a comparatively higher 14.37% annualized 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%
EXXX.DE
- 1D
- -0.33%
- 1M
- 1.29%
- 6M
- 22.20%
- YTD
- 24.87%
- 1Y
- 48.74%
- 3Y*
- 31.23%
- 5Y*
- 17.90%
- 10Y*
- 14.37%
ELF0.DE vs. EXXX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -20.30% | 11.11% |
EXXX.DE iShares ATX UCITS ETF (DE) | 24.87% | 51.31% | 10.39% | 13.71% | -16.43% | 42.16% | -11.27% | 19.95% | -18.96% | 32.71% |
Correlation
The correlation between ELF0.DE and EXXX.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2013 | 0.68 |
The correlation between ELF0.DE and EXXX.DE has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.
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Return for Risk
ELF0.DE vs. EXXX.DE — Risk / Return Rank
ELF0.DE
EXXX.DE
ELF0.DE vs. EXXX.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 iShares ATX UCITS ETF (DE) (EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.51 | ||
| Sortino ratioReturn per unit of downside risk | -3.39 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.47 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 4.53 | -4.15 |
| Martin ratioReturn relative to average drawdown | 1.17 | 15.24 | -14.08 |
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Drawdowns
ELF0.DE vs. EXXX.DE - Drawdown Comparison
The maximum ELF0.DE drawdown since its inception was -41.12%, smaller than the maximum EXXX.DE drawdown of -71.43%. Use the drawdown chart below to compare losses from any high point for ELF0.DE and EXXX.DE.
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Drawdown Indicators
| ELF0.DE | EXXX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.12% | -71.43% | +30.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -10.71% | -1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -16.11% | -1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -32.69% | +1.52% |
Max Drawdown (10Y)Largest decline over 10 years | -41.12% | -52.90% | +11.78% |
Current DrawdownCurrent decline from peak | -4.50% | -1.64% | -2.86% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -28.46% | +19.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 3.19% | +0.82% |
Volatility
ELF0.DE vs. EXXX.DE - Volatility Comparison
Deka DAX ex Financials 30 UCITS ETF (ELF0.DE) has a higher volatility of 5.43% compared to iShares ATX UCITS ETF (DE) (EXXX.DE) at 5.00%. This indicates that ELF0.DE's price experiences larger fluctuations and is considered to be riskier than EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 5.00% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.85% | 14.65% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 17.46% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.47% | 19.14% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 19.93% | -1.31% |
ELF0.DE vs. EXXX.DE - Expense Ratio Comparison
ELF0.DE has a 0.30% expense ratio, which is lower than EXXX.DE's 0.32% expense ratio.
Dividends
ELF0.DE vs. EXXX.DE - Dividend Comparison
ELF0.DE's dividend yield for the trailing twelve months is around 2.02%, less than EXXX.DE's 2.95% yield.
| 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% |
EXXX.DE iShares ATX UCITS ETF (DE) | 2.95% | 2.53% | 4.30% | 3.53% | 3.61% | 1.04% | 1.18% | 1.73% | 0.48% | 0.65% | 1.08% | 1.65% |
Frequently Asked Questions
ELF0.DE and EXXX.DE have a correlation of 0.67, 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 0.32% for EXXX.DE.
ELF0.DE tracks DAX® ex Financials 30, while EXXX.DE tracks ATX Index. They also come from different issuers: Deka and iShares. Their fees differ too: 0.30% for ELF0.DE and 0.32% for EXXX.DE.
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