ELFB.DE vs. OPPE
ELFB.DE (Deka Oekom Euro Nachhaltigkeit UCITS ETF) and OPPE (WisdomTree European Opportunities Fund) are both Europe Equities funds - ELFB.DE tracks the Solactive Eurozone Sustainability while OPPE tracks the WisdomTree European Opportunities Index. Both are passively managed. Over the past 10 years, ELFB.DE returned 12.75%/yr vs 11.95%/yr for OPPE. A 0.54 correlation means they provide meaningful diversification when combined. ELFB.DE charges 0.40%/yr vs 0.58%/yr for OPPE.
Performance
ELFB.DE vs. OPPE - Performance Comparison
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Different Trading Currencies
ELFB.DE is traded in EUR, while OPPE is traded in USD. To make them comparable, the OPPE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ELFB.DE achieves a 9.36% return, which is significantly lower than OPPE's 12.90% return. Over the past 10 years, ELFB.DE has outperformed OPPE with an annualized return of 12.75%, while OPPE has yielded a comparatively lower 11.95% 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%
OPPE
- 1D
- -1.81%
- 1M
- 0.07%
- YTD
- 12.90%
- 6M
- 15.50%
- 1Y
- 24.81%
- 3Y*
- 19.41%
- 5Y*
- 14.89%
- 10Y*
- 11.95%
ELFB.DE vs. OPPE - 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% |
OPPE WisdomTree European Opportunities Fund | 12.90% | 22.33% | 17.71% | 16.21% | -5.63% | 32.75% | -10.92% | 31.51% | -9.27% | 7.22% |
Correlation
The correlation between ELFB.DE and OPPE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2015 | 0.54 |
The correlation between ELFB.DE and OPPE has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.
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Return for Risk
ELFB.DE vs. OPPE — Risk / Return Rank
ELFB.DE
OPPE
ELFB.DE vs. OPPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Oekom Euro Nachhaltigkeit UCITS ETF (ELFB.DE) and WisdomTree European Opportunities Fund (OPPE). 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 | OPPE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 3.59 | -1.66 |
| Martin ratioReturn relative to average drawdown | 6.88 | 14.42 | -7.55 |
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 | OPPE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.90 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.97 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.67 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.57 | -0.01 |
Drawdowns
ELFB.DE vs. OPPE - Drawdown Comparison
The maximum ELFB.DE drawdown since its inception was -42.72%, roughly equal to the maximum OPPE drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for ELFB.DE and OPPE.
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Drawdown Indicators
| ELFB.DE | OPPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.72% | -41.30% | -1.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -6.94% | -5.61% |
Max Drawdown (3Y)Largest decline over 3 years | -16.40% | -15.78% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -29.56% | -15.78% | -13.78% |
Max Drawdown (10Y)Largest decline over 10 years | -42.72% | -41.30% | -1.42% |
Current DrawdownCurrent decline from peak | -0.37% | -1.81% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -6.19% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 1.72% | +1.81% |
Volatility
ELFB.DE vs. OPPE - Volatility Comparison
Deka Oekom Euro Nachhaltigkeit UCITS ETF (ELFB.DE) has a higher volatility of 5.34% compared to WisdomTree European Opportunities Fund (OPPE) at 4.69%. This indicates that ELFB.DE's price experiences larger fluctuations and is considered to be riskier than OPPE 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 | OPPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 4.69% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 15.10% | 10.83% | +4.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.91% | 13.09% | +5.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 15.37% | +4.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.99% | 17.86% | +3.13% |
ELFB.DE vs. OPPE - Expense Ratio Comparison
ELFB.DE has a 0.40% expense ratio, which is lower than OPPE's 0.58% expense ratio.
Dividends
ELFB.DE vs. OPPE - Dividend Comparison
ELFB.DE's dividend yield for the trailing twelve months is around 2.02%, less than OPPE's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
OPPE WisdomTree European Opportunities Fund | 2.77% | 2.95% | 3.99% | 3.53% | 5.13% | 2.39% | 3.42% | 3.08% | 2.34% | 1.46% | 2.60% | 4.39% |
Frequently Asked Questions
ELFB.DE and OPPE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ELFB.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ELFB.DE is cheaper with a 0.40% expense ratio, compared with 0.58% for OPPE.
ELFB.DE tracks Solactive Eurozone Sustainability, while OPPE tracks WisdomTree European Opportunities Index. They also come from different issuers: Deka and WisdomTree. Their fees differ too: 0.40% for ELFB.DE and 0.58% for OPPE.
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