ELF1.DE vs. EXS2.DE
ELF1.DE (Deka MDAX UCITS ETF) and EXS2.DE (iShares TecDAX UCITS ETF (DE)) are both Europe Equities funds - ELF1.DE tracks the MDAX® while EXS2.DE tracks the TecDAX®. Both are passively managed. Over the past 10 years, ELF1.DE returned 4.24%/yr vs 9.01%/yr for EXS2.DE. Their correlation of 0.82 suggests significant overlap in exposure. ELF1.DE charges 0.30%/yr vs 0.51%/yr for EXS2.DE.
Performance
ELF1.DE vs. EXS2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELF1.DE achieves a 6.68% return, which is significantly lower than EXS2.DE's 15.70% return. Over the past 10 years, ELF1.DE has underperformed EXS2.DE with an annualized return of 4.24%, while EXS2.DE has yielded a comparatively higher 9.01% annualized return.
ELF1.DE
- 1D
- 0.16%
- 1M
- 5.14%
- YTD
- 6.68%
- 6M
- 10.35%
- 1Y
- 5.03%
- 3Y*
- 6.10%
- 5Y*
- -1.03%
- 10Y*
- 4.24%
EXS2.DE
- 1D
- 0.52%
- 1M
- 10.51%
- YTD
- 15.70%
- 6M
- 16.91%
- 1Y
- 6.46%
- 3Y*
- 8.54%
- 5Y*
- 3.72%
- 10Y*
- 9.01%
ELF1.DE vs. EXS2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELF1.DE Deka MDAX UCITS ETF | 6.68% | 19.01% | -5.82% | 7.32% | -28.88% | 13.39% | 8.33% | 30.58% | -17.98% | 17.52% |
EXS2.DE iShares TecDAX UCITS ETF (DE) | 15.70% | 5.33% | 1.63% | 13.54% | -26.00% | 21.07% | 6.12% | 22.25% | -3.77% | 39.90% |
Correlation
The correlation between ELF1.DE and EXS2.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 14, 2014 | 0.82 |
The correlation between ELF1.DE and EXS2.DE has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.
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Return for Risk
ELF1.DE vs. EXS2.DE — Risk / Return Rank
ELF1.DE
EXS2.DE
ELF1.DE vs. EXS2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MDAX UCITS ETF (ELF1.DE) and iShares TecDAX UCITS ETF (DE) (EXS2.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.
| ELF1.DE | EXS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.07 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 0.40 | -0.05 |
| Martin ratioReturn relative to average drawdown | 0.94 | 0.80 | +0.14 |
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
| ELF1.DE | EXS2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.36 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.20 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.46 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.14 | +0.15 |
Drawdowns
ELF1.DE vs. EXS2.DE - Drawdown Comparison
The maximum ELF1.DE drawdown since its inception was -40.27%, smaller than the maximum EXS2.DE drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for ELF1.DE and EXS2.DE.
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Drawdown Indicators
| ELF1.DE | EXS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.27% | -84.49% | +44.22% |
Max Drawdown (1Y)Largest decline over 1 year | -14.46% | -16.12% | +1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -18.45% | -17.93% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -40.27% | -34.97% | -5.30% |
Max Drawdown (10Y)Largest decline over 10 years | -40.27% | -34.97% | -5.30% |
Current DrawdownCurrent decline from peak | -11.79% | -0.81% | -10.98% |
Average DrawdownAverage peak-to-trough decline | -12.30% | -39.46% | +27.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 8.07% | -2.77% |
Volatility
ELF1.DE vs. EXS2.DE - Volatility Comparison
Deka MDAX UCITS ETF (ELF1.DE) and iShares TecDAX UCITS ETF (DE) (EXS2.DE) have volatilities of 5.03% and 5.29%, 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
| ELF1.DE | EXS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 5.29% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 15.34% | 14.25% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.70% | 17.83% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.31% | 18.80% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 19.47% | -1.14% |
ELF1.DE vs. EXS2.DE - Expense Ratio Comparison
ELF1.DE has a 0.30% expense ratio, which is lower than EXS2.DE's 0.51% expense ratio.
Dividends
ELF1.DE vs. EXS2.DE - Dividend Comparison
Neither ELF1.DE nor EXS2.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELF1.DE Deka MDAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.48% | 0.46% | 0.44% | 0.41% |
EXS2.DE iShares TecDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.15% | 0.25% | 0.36% |
Frequently Asked Questions
ELF1.DE and EXS2.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ELF1.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ELF1.DE is cheaper with a 0.30% expense ratio, compared with 0.51% for EXS2.DE.
ELF1.DE tracks MDAX®, while EXS2.DE tracks TecDAX®. They also come from different issuers: Deka and iShares. Their fees differ too: 0.30% for ELF1.DE and 0.51% for EXS2.DE.
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