ELFA.DE vs. EL42.DE

Last updated Jun 5, 2026

ELFA.DE (Deka EURO STOXX 50 (thesaurierend) UCITS ETF) and EL42.DE (Deka MSCI Europe UCITS ETF) are both Europe Equities funds from Deka - ELFA.DE tracks the EURO STOXX® 50 while EL42.DE tracks the MSCI Europe. Both are passively managed. Over the past 10 years, ELFA.DE returned 10.55%/yr vs 8.94%/yr for EL42.DE. Their correlation of 0.83 suggests significant overlap in exposure. ELFA.DE charges 0.15%/yr vs 0.30%/yr for EL42.DE.

Performance

ELFA.DE vs. EL42.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka EURO STOXX 50 (thesaurierend) UCITS ETF (ELFA.DE) and Deka MSCI Europe UCITS ETF (EL42.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELFA.DE achieves a 4.66% return, which is significantly lower than EL42.DE's 7.59% return. Over the past 10 years, ELFA.DE has outperformed EL42.DE with an annualized return of 10.55%, while EL42.DE has yielded a comparatively lower 8.94% annualized return.

ELFA.DE

• 1D: 0.96%
• 1M: 3.30%
• YTD: 4.66%
• 6M: 6.14%
• 1Y: 13.01%
• 3Y*: 15.42%
• 5Y*: 11.83%
• 10Y*: 10.55%

EL42.DE

• 1D: 0.56%
• 1M: 1.11%
• YTD: 7.59%
• 6M: 9.92%
• 1Y: 15.89%
• 3Y*: 13.43%
• 5Y*: 9.71%
• 10Y*: 8.94%

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

ELFA.DE vs. EL42.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ELFA.DE Deka EURO STOXX 50 (thesaurierend) UCITS ETF	4.66%	22.03%	13.92%	23.28%	-10.08%	26.68%	-3.88%	29.78%	-11.88%	10.02%
EL42.DE Deka MSCI Europe UCITS ETF	7.59%	20.03%	7.79%	15.64%	-9.11%	24.38%	-3.36%	27.36%	-10.93%	10.10%

Correlation

The correlation between ELFA.DE and EL42.DE is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since May 20, 2015	0.83

The correlation between ELFA.DE and EL42.DE has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.

Return for Risk

ELFA.DE vs. EL42.DE — Risk / Return Rank

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

ELFA.DE

ELFA.DE Risk / Return Rank: 24
ELFA.DE Sharpe Ratio Rank: 23
ELFA.DE Sortino Ratio Rank: 24
ELFA.DE Omega Ratio Rank: 23
ELFA.DE Calmar Ratio Rank: 24
ELFA.DE Martin Ratio Rank: 26

EL42.DE

EL42.DE Risk / Return Rank: 36
EL42.DE Sharpe Ratio Rank: 36
EL42.DE Sortino Ratio Rank: 36
EL42.DE Omega Ratio Rank: 37
EL42.DE Calmar Ratio Rank: 34
EL42.DE Martin Ratio Rank: 40

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.

ELFA.DE vs. EL42.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deka EURO STOXX 50 (thesaurierend) UCITS ETF (ELFA.DE) and Deka MSCI Europe UCITS ETF (EL42.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.

	ELFA.DE	EL42.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.78	1.25	-0.47
Sortino ratio: Return per unit of downside risk	1.29	1.85	-0.56
Omega ratio: Gain probability vs. loss probability	1.15	1.24	-0.09
Calmar ratio: Return relative to maximum drawdown	1.09	1.67	-0.57
Martin ratio: Return relative to average drawdown	3.54	6.24	-2.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELFA.DE vs. EL42.DE - Sharpe Ratio Comparison

The current ELFA.DE Sharpe Ratio is 0.78, which is lower than the EL42.DE Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of ELFA.DE and EL42.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

	ELFA.DE	EL42.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	1.25	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.68	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.57	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.60	-0.15

Drawdowns

ELFA.DE vs. EL42.DE - Drawdown Comparison

The maximum ELFA.DE drawdown since its inception was -38.14%, which is greater than EL42.DE's maximum drawdown of -35.85%. Use the drawdown chart below to compare losses from any high point for ELFA.DE and EL42.DE.

Drawdown Indicators

	ELFA.DE	EL42.DE	Difference
Max Drawdown Largest peak-to-trough decline	-38.14%	-35.85%	-2.29%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	-9.57%	-2.72%
Max Drawdown (3Y) Largest decline over 3 years	-16.35%	-16.42%	+0.07%
Max Drawdown (5Y) Largest decline over 5 years	-23.33%	-19.44%	-3.89%
Max Drawdown (10Y) Largest decline over 10 years	-38.14%	-35.85%	-2.29%
Current Drawdown Current decline from peak	-0.20%	-1.52%	+1.32%
Average Drawdown Average peak-to-trough decline	-6.32%	-5.32%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	2.56%	+1.24%

Volatility

ELFA.DE vs. EL42.DE - Volatility Comparison

Deka EURO STOXX 50 (thesaurierend) UCITS ETF (ELFA.DE) has a higher volatility of 4.91% compared to Deka MSCI Europe UCITS ETF (EL42.DE) at 4.22%. This indicates that ELFA.DE's price experiences larger fluctuations and is considered to be riskier than EL42.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELFA.DE	EL42.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	4.22%	+0.69%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	10.55%	+3.33%
Volatility (1Y) Calculated over the trailing 1-year period	17.15%	12.74%	+4.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.86%	14.21%	+3.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.26%	15.56%	+3.70%

ELFA.DE vs. EL42.DE - Expense Ratio Comparison

ELFA.DE has a 0.15% expense ratio, which is lower than EL42.DE's 0.30% expense ratio.

Dividends

ELFA.DE vs. EL42.DE - Dividend Comparison

ELFA.DE's dividend yield for the trailing twelve months is around 2.18%, more than EL42.DE's 2.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EL42.DE Deka MSCI Europe UCITS ETF	2.15%	2.31%	2.64%	2.59%	2.78%	2.09%	1.94%	2.76%	3.41%	2.72%	3.00%	2.69%
ELFA.DE Deka EURO STOXX 50 (thesaurierend) UCITS ETF	2.18%	2.29%	2.65%	3.30%	1.48%	2.09%	0.00%	0.00%	0.73%	0.81%	0.59%	0.00%

Frequently Asked Questions

Can I hold both ELFA.DE and EL42.DE in my portfolio?

With a correlation of 0.92, ELFA.DE and EL42.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, ELFA.DE or EL42.DE?

On fees, ELFA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ELFA.DE or EL42.DE?

ELFA.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for EL42.DE.

What is the main difference between ELFA.DE and EL42.DE?

ELFA.DE tracks EURO STOXX® 50, while EL42.DE tracks MSCI Europe. Their fees differ too: 0.15% for ELFA.DE and 0.30% for EL42.DE.