ELFC.DE vs. EL4X.DE
ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) and EL4X.DE (Deka DAXplus Maximum Dividend UCITS ETF) are both Europe Equities funds from Deka - ELFC.DE tracks the EURO iSTOXX® ex Financials High Dividend 50 while EL4X.DE tracks the DAXplus® Maximum Dividend. Both are passively managed. Over the past 10 years, ELFC.DE returned 9.47%/yr vs 0.89%/yr for EL4X.DE. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
ELFC.DE vs. EL4X.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELFC.DE achieves a 10.99% return, which is significantly higher than EL4X.DE's 5.25% return. Over the past 10 years, ELFC.DE has outperformed EL4X.DE with an annualized return of 9.47%, while EL4X.DE has yielded a comparatively lower 0.89% annualized return.
ELFC.DE
- 1D
- -0.75%
- 1M
- -3.04%
- YTD
- 10.99%
- 6M
- 11.87%
- 1Y
- 18.46%
- 3Y*
- 11.98%
- 5Y*
- 9.84%
- 10Y*
- 9.47%
EL4X.DE
- 1D
- -1.19%
- 1M
- -3.36%
- YTD
- 5.25%
- 6M
- 6.42%
- 1Y
- 2.23%
- 3Y*
- 5.09%
- 5Y*
- -0.21%
- 10Y*
- 0.89%
ELFC.DE vs. EL4X.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 | 10.99% | 17.70% | -0.16% | 15.74% | 1.24% | 22.31% | -7.16% | 19.92% | -4.01% | 5.62% |
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 5.25% | 8.67% | -7.88% | 26.37% | -21.00% | 8.58% | -3.22% | 11.24% | -23.98% | 5.70% |
Correlation
The correlation between ELFC.DE and EL4X.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2015 | 0.81 |
Over the past year, the correlation between ELFC.DE and EL4X.DE has dropped to 0.61 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
ELFC.DE vs. EL4X.DE — Risk / Return Rank
ELFC.DE
EL4X.DE
ELFC.DE vs. EL4X.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 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ELFC.DE | EL4X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.04 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 0.18 | +2.56 |
| Martin ratioReturn relative to average drawdown | 7.56 | 0.34 | +7.22 |
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Drawdowns
ELFC.DE vs. EL4X.DE - Drawdown Comparison
The maximum ELFC.DE drawdown since its inception was -37.68%, smaller than the maximum EL4X.DE drawdown of -56.06%. Use the drawdown chart below to compare losses from any high point for ELFC.DE and EL4X.DE.
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Drawdown Indicators
| ELFC.DE | EL4X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.68% | -56.06% | +18.38% |
Max Drawdown (1Y)Largest decline over 1 year | -6.71% | -12.57% | +5.86% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -18.26% | +3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -16.82% | -35.27% | +18.45% |
Max Drawdown (10Y)Largest decline over 10 years | -37.68% | -56.06% | +18.38% |
Current DrawdownCurrent decline from peak | -3.04% | -16.39% | +13.35% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -15.86% | +11.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 6.59% | -4.15% |
Volatility
ELFC.DE vs. EL4X.DE - Volatility Comparison
The current volatility for Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) is 2.10%, while Deka DAXplus Maximum Dividend UCITS ETF (EL4X.DE) has a volatility of 4.79%. This indicates that ELFC.DE experiences smaller price fluctuations and is considered to be less risky 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
| ELFC.DE | EL4X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 4.79% | -2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 12.22% | -4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.00% | 16.02% | -5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.73% | 17.21% | -3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.81% | 18.30% | -2.49% |
ELFC.DE vs. EL4X.DE - Expense Ratio Comparison
Both ELFC.DE and EL4X.DE have an expense ratio of 0.30%.
Dividends
ELFC.DE vs. EL4X.DE - Dividend Comparison
ELFC.DE's dividend yield for the trailing twelve months is around 3.84%, while EL4X.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4X.DE Deka DAXplus Maximum Dividend UCITS ETF | 0.00% | 0.00% | 0.00% | 5.99% | 7.19% | 3.38% | 2.68% | 6.21% | 0.42% | 7.17% | 7.37% | 5.62% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 3.84% | 4.45% | 4.66% | 4.66% | 4.91% | 3.84% | 2.83% | 3.64% | 4.20% | 3.53% | 3.55% | 0.00% |
Frequently Asked Questions
ELFC.DE and EL4X.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ELFC.DE and EL4X.DE have the same expense ratio: 0.30% per year.
ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50, while EL4X.DE tracks DAXplus® Maximum Dividend.
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