ELFA.DE vs. MIVA.DE
ELFA.DE (Deka EURO STOXX 50 (thesaurierend) UCITS ETF) and MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) are both Europe Equities funds - ELFA.DE tracks the EURO STOXX® 50 while MIVA.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 10 years, ELFA.DE returned 10.55%/yr vs 6.51%/yr for MIVA.DE. A 0.69 correlation means they provide meaningful diversification when combined. ELFA.DE charges 0.15%/yr vs 0.23%/yr for MIVA.DE.
Performance
ELFA.DE vs. MIVA.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 MIVA.DE's 5.31% return. Over the past 10 years, ELFA.DE has outperformed MIVA.DE with an annualized return of 10.55%, while MIVA.DE has yielded a comparatively lower 6.51% 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%
MIVA.DE
- 1D
- 0.58%
- 1M
- -0.46%
- YTD
- 5.31%
- 6M
- 6.85%
- 1Y
- 5.14%
- 3Y*
- 10.24%
- 5Y*
- 7.20%
- 10Y*
- 6.51%
ELFA.DE vs. MIVA.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% |
MIVA.DE Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) | 5.31% | 12.05% | 11.43% | 10.68% | -13.34% | 21.25% | -4.14% | 24.17% | -4.44% | 9.03% |
Correlation
The correlation between ELFA.DE and MIVA.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 20, 2015 | 0.70 |
The correlation between ELFA.DE and MIVA.DE has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
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Return for Risk
ELFA.DE vs. MIVA.DE — Risk / Return Rank
ELFA.DE
MIVA.DE
ELFA.DE vs. MIVA.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 Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.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 | MIVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.11 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.75 | +0.34 |
| Martin ratioReturn relative to average drawdown | 3.54 | 1.96 | +1.57 |
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 | MIVA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.60 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.65 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.52 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.53 | -0.08 |
Drawdowns
ELFA.DE vs. MIVA.DE - Drawdown Comparison
The maximum ELFA.DE drawdown since its inception was -38.14%, which is greater than MIVA.DE's maximum drawdown of -30.57%. Use the drawdown chart below to compare losses from any high point for ELFA.DE and MIVA.DE.
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Drawdown Indicators
| ELFA.DE | MIVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.14% | -30.57% | -7.57% |
Max Drawdown (1Y)Largest decline over 1 year | -12.29% | -6.94% | -5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -11.02% | -5.33% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | -19.69% | -3.64% |
Max Drawdown (10Y)Largest decline over 10 years | -38.14% | -30.57% | -7.57% |
Current DrawdownCurrent decline from peak | -0.20% | -3.21% | +3.01% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -5.64% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 2.67% | +1.13% |
Volatility
ELFA.DE vs. MIVA.DE - Volatility Comparison
Deka EURO STOXX 50 (thesaurierend) UCITS ETF (ELFA.DE) has a higher volatility of 4.91% compared to Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) at 3.14%. This indicates that ELFA.DE's price experiences larger fluctuations and is considered to be riskier than MIVA.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 | MIVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 3.14% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | 7.19% | +6.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 8.76% | +8.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 10.96% | +6.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 12.34% | +6.92% |
ELFA.DE vs. MIVA.DE - Expense Ratio Comparison
ELFA.DE has a 0.15% expense ratio, which is lower than MIVA.DE's 0.23% 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. MIVA.DE - Dividend Comparison
ELFA.DE's dividend yield for the trailing twelve months is around 2.18%, while MIVA.DE has not paid dividends to shareholders.
| 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% |
MIVA.DE Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ELFA.DE and MIVA.DE have a correlation of 0.64, 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 0.23% for MIVA.DE.
ELFA.DE tracks EURO STOXX® 50, while MIVA.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: Deka and Amundi. Their fees differ too: 0.15% for ELFA.DE and 0.23% for MIVA.DE.
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