ELFA.DE vs. EXS2.DE
ELFA.DE (Deka EURO STOXX 50 (thesaurierend) UCITS ETF) and EXS2.DE (iShares TecDAX UCITS ETF (DE)) are both Europe Equities funds - ELFA.DE tracks the EURO STOXX® 50 while EXS2.DE tracks the TecDAX®. Both are passively managed. Over the past 10 years, ELFA.DE returned 10.55%/yr vs 9.01%/yr for EXS2.DE. A 0.67 correlation means they provide meaningful diversification when combined. ELFA.DE charges 0.15%/yr vs 0.51%/yr for EXS2.DE.
Performance
ELFA.DE vs. EXS2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELFA.DE achieves a 4.66% return, which is significantly lower than EXS2.DE's 15.70% return. Over the past 10 years, ELFA.DE has outperformed EXS2.DE with an annualized return of 10.55%, while EXS2.DE has yielded a comparatively lower 9.01% 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%
EXS2.DE
- 1D
- 0.52%
- 1M
- 10.24%
- YTD
- 15.70%
- 6M
- 16.12%
- 1Y
- 5.55%
- 3Y*
- 8.54%
- 5Y*
- 3.72%
- 10Y*
- 9.01%
ELFA.DE vs. EXS2.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% |
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 ELFA.DE and EXS2.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since May 20, 2015 | 0.67 |
The correlation between ELFA.DE and EXS2.DE has been stable across timeframes, ranging from 0.67 to 0.77 - a consistent structural relationship.
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Return for Risk
ELFA.DE vs. EXS2.DE — Risk / Return Rank
ELFA.DE
EXS2.DE
ELFA.DE vs. EXS2.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 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.
| ELFA.DE | EXS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.07 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.40 | +0.69 |
| Martin ratioReturn relative to average drawdown | 3.54 | 0.80 | +2.74 |
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
| ELFA.DE | EXS2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.36 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.20 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.46 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.14 | +0.31 |
Drawdowns
ELFA.DE vs. EXS2.DE - Drawdown Comparison
The maximum ELFA.DE drawdown since its inception was -38.14%, smaller than the maximum EXS2.DE drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for ELFA.DE and EXS2.DE.
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Drawdown Indicators
| ELFA.DE | EXS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.14% | -84.49% | +46.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.29% | -16.12% | +3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -17.93% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | -34.97% | +11.64% |
Max Drawdown (10Y)Largest decline over 10 years | -38.14% | -34.97% | -3.17% |
Current DrawdownCurrent decline from peak | -0.20% | -0.81% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -39.46% | +33.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 8.07% | -4.27% |
Volatility
ELFA.DE vs. EXS2.DE - Volatility Comparison
The current volatility for Deka EURO STOXX 50 (thesaurierend) UCITS ETF (ELFA.DE) is 4.91%, while iShares TecDAX UCITS ETF (DE) (EXS2.DE) has a volatility of 5.29%. This indicates that ELFA.DE experiences smaller price fluctuations and is considered to be less risky than EXS2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELFA.DE | EXS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 5.29% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | 14.25% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 17.83% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 18.80% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 19.47% | -0.21% |
ELFA.DE vs. EXS2.DE - Expense Ratio Comparison
ELFA.DE has a 0.15% expense ratio, which is lower than EXS2.DE's 0.51% expense ratio.
Dividends
ELFA.DE vs. EXS2.DE - Dividend Comparison
ELFA.DE's dividend yield for the trailing twelve months is around 2.18%, while EXS2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
ELFA.DE and EXS2.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ELFA.DE is cheaper with a 0.15% expense ratio, compared with 0.51% for EXS2.DE.
ELFA.DE tracks EURO STOXX® 50, while EXS2.DE tracks TecDAX®. They also come from different issuers: Deka and iShares. Their fees differ too: 0.15% for ELFA.DE and 0.51% for EXS2.DE.
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