ELF0.DE vs. S6X0.DE
ELF0.DE (Deka DAX ex Financials 30 UCITS ETF) and S6X0.DE (Invesco EURO STOXX 50 UCITS ETF Dist) are both Europe Equities funds - ELF0.DE tracks the DAX® ex Financials 30 while S6X0.DE tracks the EURO STOXX 50. Both are passively managed. Over the past 10 years, ELF0.DE returned 7.55%/yr vs 10.39%/yr for S6X0.DE. A 0.67 correlation means they provide meaningful diversification when combined. ELF0.DE charges 0.30%/yr vs 0.05%/yr for S6X0.DE.
Performance
ELF0.DE vs. S6X0.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ELF0.DE having a 7.39% return and S6X0.DE slightly lower at 7.30%. Over the past 10 years, ELF0.DE has underperformed S6X0.DE with an annualized return of 7.55%, while S6X0.DE has yielded a comparatively higher 10.39% 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%
S6X0.DE
- 1D
- 0.75%
- 1M
- 1.98%
- YTD
- 7.30%
- 6M
- 8.70%
- 1Y
- 15.59%
- 3Y*
- 15.53%
- 5Y*
- 11.36%
- 10Y*
- 10.39%
ELF0.DE vs. S6X0.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% |
S6X0.DE Invesco EURO STOXX 50 UCITS ETF Dist | 7.30% | 22.02% | 10.94% | 22.42% | -8.98% | 23.10% | -3.21% | 30.30% | -13.84% | 12.57% |
Correlation
The correlation between ELF0.DE and S6X0.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2013 | 0.67 |
The correlation between ELF0.DE and S6X0.DE shifts across timeframes, from 0.67 (all time) to 0.86 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ELF0.DE vs. S6X0.DE — Risk / Return Rank
ELF0.DE
S6X0.DE
ELF0.DE vs. S6X0.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 Invesco EURO STOXX 50 UCITS ETF Dist (S6X0.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 | S6X0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.18 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.44 | -0.80 |
| Martin ratioReturn relative to average drawdown | 1.96 | 4.89 | -2.93 |
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 | S6X0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 0.98 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.65 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.63 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.51 | -0.10 |
Drawdowns
ELF0.DE vs. S6X0.DE - Drawdown Comparison
The maximum ELF0.DE drawdown since its inception was -40.99%, which is greater than S6X0.DE's maximum drawdown of -38.54%. Use the drawdown chart below to compare losses from any high point for ELF0.DE and S6X0.DE.
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Drawdown Indicators
| ELF0.DE | S6X0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -38.54% | -2.45% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -10.88% | -1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -16.56% | -0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -23.41% | -7.76% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | -38.54% | -2.45% |
Current DrawdownCurrent decline from peak | -1.35% | -0.51% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -8.53% | -6.82% | -1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 3.21% | +0.81% |
Volatility
ELF0.DE vs. S6X0.DE - Volatility Comparison
Deka DAX ex Financials 30 UCITS ETF (ELF0.DE) has a higher volatility of 5.33% compared to Invesco EURO STOXX 50 UCITS ETF Dist (S6X0.DE) at 4.96%. This indicates that ELF0.DE's price experiences larger fluctuations and is considered to be riskier than S6X0.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 | S6X0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 4.96% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 12.92% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.13% | 15.93% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 17.56% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 20.60% | -1.79% |
ELF0.DE vs. S6X0.DE - Expense Ratio Comparison
ELF0.DE has a 0.30% expense ratio, which is higher than S6X0.DE's 0.05% expense ratio.
Dividends
ELF0.DE vs. S6X0.DE - Dividend Comparison
ELF0.DE's dividend yield for the trailing twelve months is around 1.66%, less than S6X0.DE's 2.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
S6X0.DE Invesco EURO STOXX 50 UCITS ETF Dist | 2.78% | 2.99% | 3.38% | 3.17% | 3.10% | 2.47% | 2.53% | 3.48% | 3.69% | 2.92% | 3.18% | 3.05% |
Frequently Asked Questions
ELF0.DE and S6X0.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, S6X0.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
S6X0.DE is cheaper with a 0.05% expense ratio, compared with 0.30% for ELF0.DE.
ELF0.DE tracks DAX® ex Financials 30, while S6X0.DE tracks EURO STOXX 50. They also come from different issuers: Deka and Invesco. Their fees differ too: 0.30% for ELF0.DE and 0.05% for S6X0.DE.
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