ELFC.DE vs. ED3F.DE
ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - ELFC.DE is a Europe Equities fund tracking the EURO iSTOXX® ex Financials High Dividend 50, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, ELFC.DE returned 20.13% vs -1.88% for ED3F.DE. At a 0.02 correlation, their price movements are largely independent. ELFC.DE charges 0.30%/yr vs 0.40%/yr for ED3F.DE.
Performance
ELFC.DE vs. ED3F.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 higher than ED3F.DE's 0.02% return.
ELFC.DE
- 1D
- -0.33%
- 1M
- 0.92%
- YTD
- 12.62%
- 6M
- 12.29%
- 1Y
- 20.13%
- 3Y*
- 12.09%
- 5Y*
- 10.14%
- 10Y*
- 8.86%
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.21%
- YTD
- 0.02%
- 6M
- 4.46%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ELFC.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 12.62% | 6.41% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between ELFC.DE and ED3F.DE is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.02 |
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Return for Risk
ELFC.DE vs. ED3F.DE — Risk / Return Rank
ELFC.DE
ED3F.DE
ELFC.DE vs. ED3F.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 Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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 | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.01 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | -0.08 | +3.08 |
| Martin ratioReturn relative to average drawdown | 8.42 | -0.18 | +8.60 |
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 | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | -0.06 | +1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.15 | +0.40 |
Drawdowns
ELFC.DE vs. ED3F.DE - Drawdown Comparison
The maximum ELFC.DE drawdown since its inception was -37.68%, which is greater than ED3F.DE's maximum drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for ELFC.DE and ED3F.DE.
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Drawdown Indicators
| ELFC.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.68% | -23.91% | -13.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.71% | -23.91% | +17.20% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.68% | — | — |
Current DrawdownCurrent decline from peak | -1.60% | -20.80% | +19.20% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -8.37% | +3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 10.25% | -7.86% |
Volatility
ELFC.DE vs. ED3F.DE - Volatility Comparison
The current volatility for Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) is 2.62%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that ELFC.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.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 | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 10.58% | -7.96% |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | 22.80% | -14.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.12% | 30.60% | -19.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.76% | 30.42% | -16.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 30.42% | -14.02% |
ELFC.DE vs. ED3F.DE - Expense Ratio Comparison
ELFC.DE has a 0.30% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.
Dividends
ELFC.DE vs. ED3F.DE - Dividend Comparison
ELFC.DE's dividend yield for the trailing twelve months is around 4.08%, while ED3F.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 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 ED3F.DE have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ELFC.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ELFC.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for ED3F.DE.
ELFC.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: Deka and Global X. Their fees differ too: 0.30% for ELFC.DE and 0.40% for ED3F.DE.
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