ELFB.DE vs. EL4X.DE
ELFB.DE (Deka Oekom Euro Nachhaltigkeit UCITS ETF) and EL4X.DE (Deka DAXplus Maximum Dividend UCITS ETF) are both Europe Equities funds from Deka - ELFB.DE tracks the Solactive Eurozone Sustainability while EL4X.DE tracks the DAXplus® Maximum Dividend. Both are passively managed. Over the past 10 years, ELFB.DE returned 12.75%/yr vs 2.29%/yr for EL4X.DE. A 0.75 correlation means they provide meaningful diversification when combined. ELFB.DE charges 0.40%/yr vs 0.30%/yr for EL4X.DE.
Performance
ELFB.DE vs. EL4X.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELFB.DE achieves a 9.36% return, which is significantly higher than EL4X.DE's 6.17% return. Over the past 10 years, ELFB.DE has outperformed EL4X.DE with an annualized return of 12.75%, while EL4X.DE has yielded a comparatively lower 2.29% annualized return.
ELFB.DE
- 1D
- 0.83%
- 1M
- 4.04%
- YTD
- 9.36%
- 6M
- 11.83%
- 1Y
- 23.25%
- 3Y*
- 25.21%
- 5Y*
- 16.33%
- 10Y*
- 12.75%
EL4X.DE
- 1D
- 0.59%
- 1M
- -2.49%
- YTD
- 6.17%
- 6M
- 9.60%
- 1Y
- 6.36%
- 3Y*
- 9.31%
- 5Y*
- 2.45%
- 10Y*
- 2.29%
ELFB.DE vs. EL4X.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELFB.DE Deka Oekom Euro Nachhaltigkeit UCITS ETF | 9.36% | 34.04% | 20.63% | 31.85% | -15.46% | 31.62% | -2.71% | 29.39% | -17.15% | 10.98% |
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 6.17% | 14.14% | -1.45% | 26.38% | -20.06% | 9.02% | -2.95% | 11.71% | -18.87% | 5.70% |
Correlation
The correlation between ELFB.DE and EL4X.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2015 | 0.75 |
The correlation between ELFB.DE and EL4X.DE has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.
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Return for Risk
ELFB.DE vs. EL4X.DE — Risk / Return Rank
ELFB.DE
EL4X.DE
ELFB.DE vs. EL4X.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Oekom Euro Nachhaltigkeit UCITS ETF (ELFB.DE) and Deka DAXplus Maximum Dividend UCITS ETF (EL4X.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.
| ELFB.DE | EL4X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.09 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 0.68 | +1.25 |
| Martin ratioReturn relative to average drawdown | 6.88 | 1.48 | +5.39 |
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
| ELFB.DE | EL4X.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 0.44 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.14 | +0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.13 | +0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.29 | +0.27 |
Drawdowns
ELFB.DE vs. EL4X.DE - Drawdown Comparison
The maximum ELFB.DE drawdown since its inception was -42.72%, smaller than the maximum EL4X.DE drawdown of -52.91%. Use the drawdown chart below to compare losses from any high point for ELFB.DE and EL4X.DE.
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Drawdown Indicators
| ELFB.DE | EL4X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.72% | -52.91% | +10.19% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -9.87% | -2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -16.40% | -16.60% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -29.56% | -34.51% | +4.95% |
Max Drawdown (10Y)Largest decline over 10 years | -42.72% | -52.91% | +10.19% |
Current DrawdownCurrent decline from peak | -0.37% | -2.74% | +2.37% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -12.17% | +5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 4.56% | -1.03% |
Volatility
ELFB.DE vs. EL4X.DE - Volatility Comparison
Deka Oekom Euro Nachhaltigkeit UCITS ETF (ELFB.DE) has a higher volatility of 5.34% compared to Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) at 4.54%. This indicates that ELFB.DE's price experiences larger fluctuations and is considered to be riskier than EL4X.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELFB.DE | EL4X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 4.54% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 15.10% | 11.68% | +3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.91% | 15.25% | +3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 16.85% | +2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.99% | 18.23% | +2.76% |
ELFB.DE vs. EL4X.DE - Expense Ratio Comparison
ELFB.DE has a 0.40% expense ratio, which is higher than EL4X.DE's 0.30% expense ratio.
Dividends
ELFB.DE vs. EL4X.DE - Dividend Comparison
ELFB.DE's dividend yield for the trailing twelve months is around 2.02%, less than EL4X.DE's 4.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 4.73% | 5.11% | 7.17% | 5.99% | 8.64% | 3.83% | 2.89% | 6.66% | 8.48% | 7.17% | 7.37% | 5.62% |
ELFB.DE Deka Oekom Euro Nachhaltigkeit UCITS ETF | 2.02% | 2.18% | 2.63% | 2.73% | 3.03% | 1.78% | 1.12% | 3.22% | 3.60% | 2.56% | 2.77% | 0.00% |
Frequently Asked Questions
ELFB.DE and EL4X.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4X.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4X.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for ELFB.DE.
ELFB.DE tracks Solactive Eurozone Sustainability, while EL4X.DE tracks DAXplus® Maximum Dividend. Their fees differ too: 0.40% for ELFB.DE and 0.30% for EL4X.DE.
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