ELFC.DE vs. H4ZZ.DE
ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - ELFC.DE tracks the EURO iSTOXX® ex Financials High Dividend 50 while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past year, ELFC.DE returned 18.46% vs 21.69% for H4ZZ.DE. A 0.63 correlation means they provide meaningful diversification when combined. ELFC.DE charges 0.30%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
ELFC.DE vs. H4ZZ.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 H4ZZ.DE's 9.44% 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%
H4ZZ.DE
- 1D
- -0.68%
- 1M
- 2.65%
- YTD
- 9.44%
- 6M
- 10.41%
- 1Y
- 21.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ELFC.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 10.99% | 17.70% | -7.65% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 9.44% | 22.35% | -2.42% |
Correlation
The correlation between ELFC.DE and H4ZZ.DE is 0.52, 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 | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024 | 0.63 |
The correlation between ELFC.DE and H4ZZ.DE shifts across timeframes, from 0.52 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ELFC.DE vs. H4ZZ.DE — Risk / Return Rank
ELFC.DE
H4ZZ.DE
ELFC.DE vs. H4ZZ.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 HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.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 | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 1.97 | +0.76 |
| Martin ratioReturn relative to average drawdown | 7.56 | 6.84 | +0.72 |
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Drawdowns
ELFC.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum ELFC.DE drawdown since its inception was -37.68%, which is greater than H4ZZ.DE's maximum drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for ELFC.DE and H4ZZ.DE.
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Drawdown Indicators
| ELFC.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.68% | -16.46% | -21.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.71% | -10.94% | +4.23% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.68% | — | — |
Current DrawdownCurrent decline from peak | -3.04% | -1.50% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -2.66% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 3.16% | -0.72% |
Volatility
ELFC.DE vs. H4ZZ.DE - Volatility Comparison
The current volatility for Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) is 2.10%, while HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) has a volatility of 3.61%. This indicates that ELFC.DE experiences smaller price fluctuations and is considered to be less risky than H4ZZ.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 | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 3.61% | -1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 13.19% | -5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.00% | 15.96% | -4.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.73% | 16.80% | -3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.81% | 16.80% | -0.99% |
ELFC.DE vs. H4ZZ.DE - Expense Ratio Comparison
ELFC.DE has a 0.30% expense ratio, which is higher than H4ZZ.DE's 0.05% expense ratio.
Dividends
ELFC.DE vs. H4ZZ.DE - Dividend Comparison
ELFC.DE's dividend yield for the trailing twelve months is around 3.84%, while H4ZZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ELFC.DE and H4ZZ.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZZ.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZZ.DE is cheaper with a 0.05% expense ratio, compared with 0.30% for ELFC.DE.
ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50, while H4ZZ.DE tracks EURO STOXX 50. They also come from different issuers: Deka and HSBC. Their fees differ too: 0.30% for ELFC.DE and 0.05% for H4ZZ.DE.
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