ELF0.DE vs. ZPRL.DE

Last updated Jun 5, 2026

ELF0.DE (Deka DAX ex Financials 30 UCITS ETF) and ZPRL.DE (SPDR EURO STOXX Low Volatility UCITS ETF) are both Europe Equities funds - ELF0.DE tracks the DAX® ex Financials 30 while ZPRL.DE tracks the EURO STOXX® Low Risk Weighted 100. Both are passively managed. Over the past 10 years, ELF0.DE returned 7.55%/yr vs 6.55%/yr for ZPRL.DE. A 0.80 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

ELF0.DE vs. ZPRL.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka DAX ex Financials 30 UCITS ETF (ELF0.DE) and SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELF0.DE achieves a 7.39% return, which is significantly higher than ZPRL.DE's 5.19% return. Over the past 10 years, ELF0.DE has outperformed ZPRL.DE with an annualized return of 7.55%, while ZPRL.DE has yielded a comparatively lower 6.55% 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%

ZPRL.DE

• 1D: 0.22%
• 1M: -1.72%
• YTD: 5.19%
• 6M: 6.76%
• 1Y: 5.48%
• 3Y*: 11.19%
• 5Y*: 7.05%
• 10Y*: 6.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ELF0.DE vs. ZPRL.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%
ZPRL.DE SPDR EURO STOXX Low Volatility UCITS ETF	5.19%	18.48%	7.41%	12.34%	-14.65%	17.34%	-5.25%	22.05%	-8.17%	15.38%

Correlation

The correlation between ELF0.DE and ZPRL.DE is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Mar 26, 2014	0.80

The correlation between ELF0.DE and ZPRL.DE shifts across timeframes, from 0.61 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ELF0.DE vs. ZPRL.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ELF0.DE

ELF0.DE Risk / Return Rank: 17
ELF0.DE Sharpe Ratio Rank: 16
ELF0.DE Sortino Ratio Rank: 17
ELF0.DE Omega Ratio Rank: 16
ELF0.DE Calmar Ratio Rank: 17
ELF0.DE Martin Ratio Rank: 18

ZPRL.DE

ZPRL.DE Risk / Return Rank: 19
ZPRL.DE Sharpe Ratio Rank: 20
ZPRL.DE Sortino Ratio Rank: 18
ZPRL.DE Omega Ratio Rank: 19
ZPRL.DE Calmar Ratio Rank: 18
ZPRL.DE Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ELF0.DE vs. ZPRL.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 SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.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	ZPRL.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.46	0.62	-0.16
Sortino ratio: Return per unit of downside risk	0.78	0.89	-0.11
Omega ratio: Gain probability vs. loss probability	1.09	1.11	-0.02
Calmar ratio: Return relative to maximum drawdown	0.64	0.72	-0.08
Martin ratio: Return relative to average drawdown	1.96	2.02	-0.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELF0.DE vs. ZPRL.DE - Sharpe Ratio Comparison

The current ELF0.DE Sharpe Ratio is 0.46, which is comparable to the ZPRL.DE Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of ELF0.DE and ZPRL.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ELF0.DE	ZPRL.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	0.62	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.59	-0.23
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	0.53	-0.13

Drawdowns

ELF0.DE vs. ZPRL.DE - Drawdown Comparison

The maximum ELF0.DE drawdown since its inception was -40.99%, which is greater than ZPRL.DE's maximum drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for ELF0.DE and ZPRL.DE.

Drawdown Indicators

	ELF0.DE	ZPRL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-40.99%	-35.35%	-5.64%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-7.97%	-4.26%
Max Drawdown (3Y) Largest decline over 3 years	-17.49%	-9.37%	-8.12%
Max Drawdown (5Y) Largest decline over 5 years	-31.17%	-23.37%	-7.80%
Max Drawdown (10Y) Largest decline over 10 years	-40.99%	-35.35%	-5.64%
Current Drawdown Current decline from peak	-1.35%	-3.70%	+2.35%
Average Drawdown Average peak-to-trough decline	-8.53%	-5.39%	-3.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	2.84%	+1.18%

Volatility

ELF0.DE vs. ZPRL.DE - Volatility Comparison

Deka DAX ex Financials 30 UCITS ETF (ELF0.DE) has a higher volatility of 5.33% compared to SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.DE) at 2.90%. This indicates that ELF0.DE's price experiences larger fluctuations and is considered to be riskier than ZPRL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELF0.DE	ZPRL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	2.90%	+2.43%
Volatility (6M) Calculated over the trailing 6-month period	13.97%	7.65%	+6.32%
Volatility (1Y) Calculated over the trailing 1-year period	17.13%	9.22%	+7.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.35%	11.89%	+6.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.81%	13.60%	+5.21%

ELF0.DE vs. ZPRL.DE - Expense Ratio Comparison

Both ELF0.DE and ZPRL.DE have an expense ratio of 0.30%.

Dividends

ELF0.DE vs. ZPRL.DE - Dividend Comparison

ELF0.DE's dividend yield for the trailing twelve months is around 1.66%, while ZPRL.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	1.66%	2.10%	2.35%	3.01%	2.78%	1.58%	1.74%	2.22%	2.82%	2.24%	2.23%	2.18%
ZPRL.DE SPDR EURO STOXX Low Volatility 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

Can I hold both ELF0.DE and ZPRL.DE in my portfolio?

ELF0.DE and ZPRL.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ELF0.DE or ZPRL.DE?

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ELF0.DE or ZPRL.DE?

ELF0.DE and ZPRL.DE have the same expense ratio: 0.30% per year.

What is the main difference between ELF0.DE and ZPRL.DE?

ELF0.DE tracks DAX® ex Financials 30, while ZPRL.DE tracks EURO STOXX® Low Risk Weighted 100. They also come from different issuers: Deka and State Street.