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ELF1.DE vs. H4ZA.DE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ELF1.DE vs. H4ZA.DE

Last updated Apr 3, 2026

Compare and contrast key facts about Deka MDAX UCITS ETF (ELF1.DE) and HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE).

ELF1.DE and H4ZA.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ELF1.DE is a passively managed fund by Deka that tracks the performance of the MDAX®. It was launched on Apr 11, 2014. H4ZA.DE is a passively managed fund by HSBC that tracks the performance of the EURO STOXX® 50. It was launched on Oct 5, 2009. Both ELF1.DE and H4ZA.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ELF1.DE vs. H4ZA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka MDAX UCITS ETF (ELF1.DE) and HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE). The values are adjusted to include any dividend payments, if applicable.

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ELF1.DE vs. H4ZA.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ELF1.DE
Deka MDAX UCITS ETF		-5.63%19.01%-5.82%7.32%-28.88%13.39%8.33%30.58%-17.98%17.52%
H4ZA.DE
HSBC EURO STOXX 50 UCITS ETF EUR		-1.46%22.26%13.81%22.59%-8.87%23.72%-2.73%30.07%-11.96%10.07%

Returns By Period

In the year-to-date period, ELF1.DE achieves a -5.63% return, which is significantly lower than H4ZA.DE's -1.46% return. Over the past 10 years, ELF1.DE has underperformed H4ZA.DE with an annualized return of 3.15%, while H4ZA.DE has yielded a comparatively higher 10.28% annualized return.

ELF1.DE

1D
-1.06%
1M
-3.02%
YTD
-5.63%
6M
-6.09%
1Y
4.49%
3Y*
1.30%
5Y*
-2.63%
10Y*
3.15%

H4ZA.DE

1D
-0.65%
1M
-1.09%
YTD
-1.46%
6M
1.39%
1Y
10.46%
3Y*
13.87%
5Y*
11.28%
10Y*
10.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Deka MDAX UCITS ETF

HSBC EURO STOXX 50 UCITS ETF EUR

Often compared with ELF1.DE:
ELF1.DE vs. ^GDAXIELF1.DE vs. EL4A.DEELF1.DE vs. D6RP.DEELF1.DE vs. ELFF.DEELF1.DE vs. EL4F.DEELF1.DE vs. EL4G.DEELF1.DE vs. AMES.DE
Often compared with H4ZA.DE:
H4ZA.DE vs. H4ZF.DEH4ZA.DE vs. SCHDH4ZA.DE vs. MEUD.LH4ZA.DE vs. HWWA.LH4ZA.DE vs. ISF.LH4ZA.DE vs. TDGB.LH4ZA.DE vs. GLD

ELF1.DE vs. H4ZA.DE - Expense Ratio Comparison

ELF1.DE has a 0.30% expense ratio, which is higher than H4ZA.DE's 0.05% expense ratio.

ELF1.DE
Deka MDAX UCITS ETF
H4ZA.DE
HSBC EURO STOXX 50 UCITS ETF EUR

Return for Risk

ELF1.DE vs. H4ZA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ELF1.DE
ELF1.DE Risk / Return Rank: 1717
Overall Rank
ELF1.DE Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
ELF1.DE Sortino Ratio Rank: 1616
Sortino Ratio Rank
ELF1.DE Omega Ratio Rank: 1616
Omega Ratio Rank
ELF1.DE Calmar Ratio Rank: 1818
Calmar Ratio Rank
ELF1.DE Martin Ratio Rank: 1818
Martin Ratio Rank
H4ZA.DE
H4ZA.DE Risk / Return Rank: 3434
Overall Rank
H4ZA.DE Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
H4ZA.DE Sortino Ratio Rank: 2828
Sortino Ratio Rank
H4ZA.DE Omega Ratio Rank: 2828
Omega Ratio Rank
H4ZA.DE Calmar Ratio Rank: 4141
Calmar Ratio Rank
H4ZA.DE Martin Ratio Rank: 4242
Martin Ratio Rank
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.

ELF1.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deka MDAX UCITS ETF (ELF1.DE) and HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.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.DEH4ZA.DEDifference

Sharpe ratio

Return per unit of total volatility

0.23

0.60

-0.37

Sortino ratio

Return per unit of downside risk

0.45

0.91

-0.46

Omega ratio

Gain probability vs. loss probability

1.06

1.12

-0.07

Calmar ratio

Return relative to maximum drawdown

0.49

1.33

-0.84

Martin ratio

Return relative to average drawdown

1.40

4.88

-3.48

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELF1.DE vs. H4ZA.DE - Sharpe Ratio Comparison

The current ELF1.DE Sharpe Ratio is 0.23, which is lower than the H4ZA.DE Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of ELF1.DE and H4ZA.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ELF1.DEH4ZA.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.23

0.60

-0.37

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.14

0.65

-0.78

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.17

0.56

-0.39

Sharpe Ratio (All Time)

Calculated using the full available price history

0.24

0.39

-0.15

Correlation

The correlation between ELF1.DE and H4ZA.DE is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ELF1.DE vs. H4ZA.DE - Dividend Comparison

ELF1.DE has not paid dividends to shareholders, while H4ZA.DE's dividend yield for the trailing twelve months is around 2.65%.

TTM20252024202320222021202020192018201720162015
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%
H4ZA.DE
HSBC EURO STOXX 50 UCITS ETF EUR		2.65%2.49%5.35%2.93%2.94%1.94%2.06%2.84%3.55%2.73%2.85%2.70%

Drawdowns

ELF1.DE vs. H4ZA.DE - Drawdown Comparison

The maximum ELF1.DE drawdown since its inception was -40.27%, roughly equal to the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for ELF1.DE and H4ZA.DE.

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Drawdown Indicators

ELF1.DEH4ZA.DEDifference

Max Drawdown

Largest peak-to-trough decline

-40.27%

-38.41%

-1.86%

Max Drawdown (1Y)

Largest decline over 1 year

-14.46%

-10.97%

-3.49%

Max Drawdown (5Y)

Largest decline over 5 years

-40.27%

-23.26%

-17.01%

Max Drawdown (10Y)

Largest decline over 10 years

-40.27%

-38.41%

-1.86%

Current Drawdown

Current decline from peak

-21.97%

-7.65%

-14.32%

Average Drawdown

Average peak-to-trough decline

-12.26%

-7.90%

-4.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.05%

2.98%

+2.07%

Volatility

ELF1.DE vs. H4ZA.DE - Volatility Comparison

Deka MDAX UCITS ETF (ELF1.DE) has a higher volatility of 9.12% compared to HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) at 6.32%. This indicates that ELF1.DE's price experiences larger fluctuations and is considered to be riskier than H4ZA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ELF1.DEH4ZA.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.12%

6.32%

+2.80%

Volatility (6M)

Calculated over the trailing 6-month period

13.82%

11.00%

+2.82%

Volatility (1Y)

Calculated over the trailing 1-year period

19.32%

17.39%

+1.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.00%

17.23%

+1.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.14%

18.11%

+0.03%