ELFC.DE vs. CEMS.DE
ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - ELFC.DE tracks the EURO iSTOXX® ex Financials High Dividend 50 while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, ELFC.DE returned 8.86%/yr vs 10.71%/yr for CEMS.DE. Their correlation of 0.82 suggests significant overlap in exposure. ELFC.DE charges 0.30%/yr vs 0.25%/yr for CEMS.DE.
Performance
ELFC.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELFC.DE achieves a 12.62% return, which is significantly lower than CEMS.DE's 13.72% return. Over the past 10 years, ELFC.DE has underperformed CEMS.DE with an annualized return of 8.86%, while CEMS.DE has yielded a comparatively higher 10.71% annualized return.
ELFC.DE
- 1D
- -0.33%
- 1M
- -0.31%
- YTD
- 12.62%
- 6M
- 11.95%
- 1Y
- 20.69%
- 3Y*
- 12.09%
- 5Y*
- 10.14%
- 10Y*
- 8.86%
CEMS.DE
- 1D
- 0.10%
- 1M
- 2.64%
- YTD
- 13.72%
- 6M
- 16.98%
- 1Y
- 32.08%
- 3Y*
- 21.63%
- 5Y*
- 14.47%
- 10Y*
- 10.71%
ELFC.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 12.62% | 17.73% | -0.16% | 15.69% | 1.54% | 21.96% | -7.15% | 19.94% | -4.03% | 6.11% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 35.97% | 9.93% | 13.90% | -4.54% | 26.62% | -8.86% | 23.48% | -14.04% | 10.16% |
Correlation
The correlation between ELFC.DE and CEMS.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | 0.82 |
The correlation between ELFC.DE and CEMS.DE shifts across timeframes, from 0.65 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ELFC.DE vs. CEMS.DE — Risk / Return Rank
ELFC.DE
CEMS.DE
ELFC.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) and iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.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.
| ELFC.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.43 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 3.29 | -0.29 |
| Martin ratioReturn relative to average drawdown | 8.42 | 12.37 | -3.95 |
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
| ELFC.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 2.37 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.94 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.61 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.49 | +0.07 |
Drawdowns
ELFC.DE vs. CEMS.DE - Drawdown Comparison
The maximum ELFC.DE drawdown since its inception was -37.68%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for ELFC.DE and CEMS.DE.
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Drawdown Indicators
| ELFC.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.68% | -40.20% | +2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -6.71% | -9.99% | +3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -17.57% | +2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -16.85% | -19.55% | +2.70% |
Max Drawdown (10Y)Largest decline over 10 years | -37.68% | -40.20% | +2.52% |
Current DrawdownCurrent decline from peak | -1.60% | -1.26% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -7.49% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 2.66% | -0.27% |
Volatility
ELFC.DE vs. CEMS.DE - Volatility Comparison
The current volatility for Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) is 2.62%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that ELFC.DE experiences smaller price fluctuations and is considered to be less risky than CEMS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELFC.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 4.65% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | 11.17% | -3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.12% | 13.87% | -2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.76% | 15.23% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 17.43% | -1.03% |
ELFC.DE vs. CEMS.DE - Expense Ratio Comparison
ELFC.DE has a 0.30% expense ratio, which is higher than CEMS.DE's 0.25% expense ratio.
Dividends
ELFC.DE vs. CEMS.DE - Dividend Comparison
ELFC.DE's dividend yield for the trailing twelve months is around 4.08%, while CEMS.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 4.08% | 4.45% | 4.66% | 4.66% | 4.91% | 3.85% | 2.83% | 3.64% | 4.20% | 3.53% | 3.57% |
Frequently Asked Questions
ELFC.DE and CEMS.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMS.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for ELFC.DE.
ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Deka and iShares. Their fees differ too: 0.30% for ELFC.DE and 0.25% for CEMS.DE.
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