ELFW.DE vs. AMEC.DE
ELFW.DE (Deka MSCI World UCITS ETF Dist) and AMEC.DE (Amundi Index Smart City UCITS ETF) are both Global Equities funds - ELFW.DE tracks the MSCI World while AMEC.DE tracks the Solactive Smart City. Both are passively managed. Over the past 5 years, ELFW.DE returned 12.52%/yr vs 6.68%/yr for AMEC.DE. Their correlation of 0.80 suggests significant overlap in exposure. ELFW.DE charges 0.31%/yr vs 0.35%/yr for AMEC.DE.
Performance
ELFW.DE vs. AMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELFW.DE achieves a 10.68% return, which is significantly lower than AMEC.DE's 30.58% return.
ELFW.DE
- 1D
- -0.02%
- 1M
- 3.61%
- YTD
- 10.68%
- 6M
- 10.77%
- 1Y
- 23.36%
- 3Y*
- 17.24%
- 5Y*
- 12.52%
- 10Y*
- —
AMEC.DE
- 1D
- -1.34%
- 1M
- 10.00%
- YTD
- 30.58%
- 6M
- 28.27%
- 1Y
- 45.51%
- 3Y*
- 17.35%
- 5Y*
- 6.68%
- 10Y*
- —
ELFW.DE vs. AMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ELFW.DE Deka MSCI World UCITS ETF Dist | 10.68% | 7.57% | 25.71% | 19.97% | -14.02% | 31.88% | 5.44% | 4.00% |
AMEC.DE Amundi Index Smart City UCITS ETF | 30.58% | 9.65% | 16.27% | 1.43% | -18.74% | 9.30% | 9.10% | 3.62% |
Correlation
The correlation between ELFW.DE and AMEC.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.80 |
The correlation between ELFW.DE and AMEC.DE has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
ELFW.DE vs. AMEC.DE — Risk / Return Rank
ELFW.DE
AMEC.DE
ELFW.DE vs. AMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI World UCITS ETF Dist (ELFW.DE) and Amundi Index Smart City UCITS ETF (AMEC.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.
| ELFW.DE | AMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.45 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 5.09 | -1.60 |
| Martin ratioReturn relative to average drawdown | 14.07 | 16.11 | -2.04 |
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
| ELFW.DE | AMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 2.65 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.38 | +0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.44 | +0.34 |
Drawdowns
ELFW.DE vs. AMEC.DE - Drawdown Comparison
The maximum ELFW.DE drawdown since its inception was -33.59%, smaller than the maximum AMEC.DE drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for ELFW.DE and AMEC.DE.
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Drawdown Indicators
| ELFW.DE | AMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.59% | -35.49% | +1.90% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -9.02% | +2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -21.81% | -24.98% | +3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -21.81% | -27.33% | +5.52% |
Current DrawdownCurrent decline from peak | -0.35% | -1.34% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -11.50% | +6.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.86% | -1.20% |
Volatility
ELFW.DE vs. AMEC.DE - Volatility Comparison
The current volatility for Deka MSCI World UCITS ETF Dist (ELFW.DE) is 2.60%, while Amundi Index Smart City UCITS ETF (AMEC.DE) has a volatility of 6.73%. This indicates that ELFW.DE experiences smaller price fluctuations and is considered to be less risky than AMEC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELFW.DE | AMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 6.73% | -4.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.74% | 13.09% | -5.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.14% | 17.36% | -6.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 17.51% | -3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 19.22% | -3.15% |
ELFW.DE vs. AMEC.DE - Expense Ratio Comparison
ELFW.DE has a 0.31% expense ratio, which is lower than AMEC.DE's 0.35% expense ratio.
Dividends
ELFW.DE vs. AMEC.DE - Dividend Comparison
ELFW.DE's dividend yield for the trailing twelve months is around 0.89%, while AMEC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AMEC.DE Amundi Index Smart City UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ELFW.DE Deka MSCI World UCITS ETF Dist | 0.89% | 1.01% | 1.04% | 1.37% | 1.65% | 0.96% | 1.29% | 1.53% |
Frequently Asked Questions
ELFW.DE and AMEC.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ELFW.DE is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ELFW.DE is cheaper with a 0.31% expense ratio, compared with 0.35% for AMEC.DE.
ELFW.DE tracks MSCI World, while AMEC.DE tracks Solactive Smart City. They also come from different issuers: Deka and Amundi. Their fees differ too: 0.31% for ELFW.DE and 0.35% for AMEC.DE.
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