ELFA.DE vs. EXXX.DE
ELFA.DE (Deka EURO STOXX 50 (thesaurierend) UCITS ETF) and EXXX.DE (iShares ATX UCITS ETF (DE)) are both Europe Equities funds - ELFA.DE tracks the EURO STOXX® 50 while EXXX.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, ELFA.DE returned 11.02%/yr vs 14.37%/yr for EXXX.DE. A 0.70 correlation means they provide meaningful diversification when combined. ELFA.DE charges 0.15%/yr vs 0.32%/yr for EXXX.DE.
Performance
ELFA.DE vs. EXXX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELFA.DE achieves a 8.04% return, which is significantly lower than EXXX.DE's 24.87% return. Over the past 10 years, ELFA.DE has underperformed EXXX.DE with an annualized return of 11.02%, while EXXX.DE has yielded a comparatively higher 14.37% annualized return.
ELFA.DE
- 1D
- 0.16%
- 1M
- 0.53%
- 6M
- 5.32%
- YTD
- 8.04%
- 1Y
- 18.99%
- 3Y*
- 15.29%
- 5Y*
- 12.71%
- 10Y*
- 11.02%
EXXX.DE
- 1D
- -0.33%
- 1M
- 1.29%
- 6M
- 22.20%
- YTD
- 24.87%
- 1Y
- 48.74%
- 3Y*
- 31.23%
- 5Y*
- 17.90%
- 10Y*
- 14.37%
ELFA.DE vs. EXXX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELFA.DE Deka EURO STOXX 50 (thesaurierend) UCITS ETF | 8.04% | 22.03% | 13.92% | 23.28% | -10.58% | 27.40% | -3.88% | 29.78% | -11.88% | 10.02% |
EXXX.DE iShares ATX UCITS ETF (DE) | 24.87% | 51.31% | 10.39% | 13.71% | -16.43% | 42.16% | -11.27% | 19.95% | -18.96% | 32.71% |
Correlation
The correlation between ELFA.DE and EXXX.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 4, 2015 | 0.70 |
The correlation between ELFA.DE and EXXX.DE has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.
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Return for Risk
ELFA.DE vs. EXXX.DE — Risk / Return Rank
ELFA.DE
EXXX.DE
ELFA.DE vs. EXXX.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 ATX UCITS ETF (DE) (EXXX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ELFA.DE | EXXX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.47 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 4.53 | -2.99 |
| Martin ratioReturn relative to average drawdown | 5.14 | 15.24 | -10.11 |
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Drawdowns
ELFA.DE vs. EXXX.DE - Drawdown Comparison
The maximum ELFA.DE drawdown since its inception was -38.14%, smaller than the maximum EXXX.DE drawdown of -71.43%. Use the drawdown chart below to compare losses from any high point for ELFA.DE and EXXX.DE.
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Drawdown Indicators
| ELFA.DE | EXXX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.14% | -71.43% | +33.29% |
Max Drawdown (1Y)Largest decline over 1 year | -12.29% | -10.71% | -1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -16.11% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | -32.69% | +9.36% |
Max Drawdown (10Y)Largest decline over 10 years | -38.14% | -52.90% | +14.76% |
Current DrawdownCurrent decline from peak | -1.69% | -1.64% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -28.46% | +21.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 3.19% | +0.50% |
Volatility
ELFA.DE vs. EXXX.DE - Volatility Comparison
The current volatility for Deka EURO STOXX 50 (thesaurierend) UCITS ETF (ELFA.DE) is 3.99%, while iShares ATX UCITS ETF (DE) (EXXX.DE) has a volatility of 5.00%. This indicates that ELFA.DE experiences smaller price fluctuations and is considered to be less risky than EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 5.00% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 14.35% | 14.65% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.03% | 17.46% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.89% | 19.14% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 19.93% | -1.88% |
ELFA.DE vs. EXXX.DE - Expense Ratio Comparison
ELFA.DE has a 0.15% expense ratio, which is lower than EXXX.DE's 0.32% expense ratio.
Dividends
ELFA.DE vs. EXXX.DE - Dividend Comparison
ELFA.DE's dividend yield for the trailing twelve months is around 2.35%, less than EXXX.DE's 2.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELFA.DE Deka EURO STOXX 50 (thesaurierend) UCITS ETF | 2.35% | 2.29% | 2.65% | 3.30% | 1.48% | 2.07% | 0.00% | 0.00% | 0.73% | 0.81% | 0.59% | 0.00% |
EXXX.DE iShares ATX UCITS ETF (DE) | 2.95% | 2.53% | 4.30% | 3.53% | 3.61% | 1.04% | 1.18% | 1.73% | 0.48% | 0.65% | 1.08% | 1.65% |
Frequently Asked Questions
ELFA.DE and EXXX.DE have a correlation of 0.73, 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 0.32% for EXXX.DE.
ELFA.DE tracks EURO STOXX® 50, while EXXX.DE tracks ATX Index. They also come from different issuers: Deka and iShares. Their fees differ too: 0.15% for ELFA.DE and 0.32% for EXXX.DE.
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