ELFA.DE vs. LGGE.DE
ELFA.DE (Deka EURO STOXX 50 (thesaurierend) UCITS ETF) and LGGE.DE (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both Europe Equities funds - ELFA.DE tracks the EURO STOXX® 50 while LGGE.DE tracks the FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality. Both are passively managed. Over the past 3 years, ELFA.DE returned 15.42%/yr vs 24.04%/yr for LGGE.DE. Their correlation of 0.83 suggests significant overlap in exposure. ELFA.DE charges 0.15%/yr vs 0.25%/yr for LGGE.DE.
Performance
ELFA.DE vs. LGGE.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 LGGE.DE's 11.27% 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%
LGGE.DE
- 1D
- 0.15%
- 1M
- -0.22%
- YTD
- 11.27%
- 6M
- 15.32%
- 1Y
- 26.49%
- 3Y*
- 24.04%
- 5Y*
- —
- 10Y*
- —
ELFA.DE vs. LGGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ELFA.DE Deka EURO STOXX 50 (thesaurierend) UCITS ETF | 4.66% | 22.03% | 13.92% | 23.28% | -10.08% | 8.63% |
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 11.27% | 38.29% | 14.07% | 17.18% | -3.86% | 7.23% |
Correlation
The correlation between ELFA.DE and LGGE.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.83 |
The correlation between ELFA.DE and LGGE.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
ELFA.DE vs. LGGE.DE — Risk / Return Rank
ELFA.DE
LGGE.DE
ELFA.DE vs. LGGE.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 L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.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 | LGGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.40 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 3.61 | -2.51 |
| Martin ratioReturn relative to average drawdown | 3.54 | 13.07 | -9.53 |
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 | LGGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 2.19 | -1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.13 | -0.68 |
Drawdowns
ELFA.DE vs. LGGE.DE - Drawdown Comparison
The maximum ELFA.DE drawdown since its inception was -38.14%, which is greater than LGGE.DE's maximum drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for ELFA.DE and LGGE.DE.
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Drawdown Indicators
| ELFA.DE | LGGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.14% | -20.11% | -18.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.29% | -7.28% | -5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -14.71% | -1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.14% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -2.09% | +1.89% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -3.23% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 2.01% | +1.79% |
Volatility
ELFA.DE vs. LGGE.DE - Volatility Comparison
Deka EURO STOXX 50 (thesaurierend) UCITS ETF (ELFA.DE) has a higher volatility of 4.91% compared to L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) at 3.60%. This indicates that ELFA.DE's price experiences larger fluctuations and is considered to be riskier than LGGE.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 | LGGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 3.60% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | 9.47% | +4.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 11.99% | +5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 14.60% | +3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 14.60% | +4.66% |
ELFA.DE vs. LGGE.DE - Expense Ratio Comparison
ELFA.DE has a 0.15% expense ratio, which is lower than LGGE.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ELFA.DE vs. LGGE.DE - Dividend Comparison
ELFA.DE's dividend yield for the trailing twelve months is around 2.18%, less than LGGE.DE's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 3.13% | 3.47% | 4.37% | 4.43% | 4.18% | 1.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ELFA.DE and LGGE.DE have a correlation of 0.78, 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 0.25% for LGGE.DE.
ELFA.DE tracks EURO STOXX® 50, while LGGE.DE tracks FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality. They also come from different issuers: Deka and Legal & General. Their fees differ too: 0.15% for ELFA.DE and 0.25% for LGGE.DE.
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