ELFW.DE vs. MSCI

Last updated Jun 5, 2026

ELFW.DE (Deka MSCI World UCITS ETF Dist) is Global Equities fund tracking the MSCI World, while MSCI (MSCI Inc.) is a stock. Over the past 5 years, ELFW.DE returned 12.52%/yr vs 8.05%/yr for MSCI. At a 0.40 correlation, their price movements are largely independent.

Performance

ELFW.DE vs. MSCI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka MSCI World UCITS ETF Dist (ELFW.DE) and MSCI Inc. (MSCI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ELFW.DE is traded in EUR, while MSCI is traded in USD. To make them comparable, the MSCI values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with ELFW.DE having a 10.68% return and MSCI slightly lower at 10.21%.

ELFW.DE

• 1D: -0.02%
• 1M: 3.61%
• YTD: 10.68%
• 6M: 10.77%
• 1Y: 23.36%
• 3Y*: 17.24%
• 5Y*: 12.52%
• 10Y*: —

MSCI

• 1D: 0.25%
• 1M: 8.20%
• YTD: 10.21%
• 6M: 16.42%
• 1Y: 9.90%
• 3Y*: 7.50%
• 5Y*: 8.05%
• 10Y*: 24.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ELFW.DE vs. MSCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ELFW.DE Deka MSCI World UCITS ETF Dist	10.68%	7.57%	25.71%	19.97%	-14.02%	31.88%	5.44%	30.74%	-11.82%
MSCI MSCI Inc.	10.21%	-14.66%	14.39%	19.22%	-18.58%	48.47%	60.01%	81.20%	-15.10%

Correlation

The correlation between ELFW.DE and MSCI is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Sep 26, 2018	0.40

The correlation between ELFW.DE and MSCI shifts across timeframes, from 0.24 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ELFW.DE vs. MSCI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ELFW.DE

ELFW.DE Risk / Return Rank: 68
ELFW.DE Sharpe Ratio Rank: 64
ELFW.DE Sortino Ratio Rank: 64
ELFW.DE Omega Ratio Rank: 66
ELFW.DE Calmar Ratio Rank: 71
ELFW.DE Martin Ratio Rank: 75

MSCI

MSCI Risk / Return Rank: 53
MSCI Sharpe Ratio Rank: 54
MSCI Sortino Ratio Rank: 48
MSCI Omega Ratio Rank: 49
MSCI Calmar Ratio Rank: 55
MSCI Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ELFW.DE vs. MSCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deka MSCI World UCITS ETF Dist (ELFW.DE) and MSCI Inc. (MSCI). 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	MSCI	Difference
Sharpe ratio: Return per unit of total volatility	2.09	0.34	+1.76
Sortino ratio: Return per unit of downside risk	2.93	0.67	+2.27
Omega ratio: Gain probability vs. loss probability	1.39	1.09	+0.30
Calmar ratio: Return relative to maximum drawdown	3.49	0.53	+2.96
Martin ratio: Return relative to average drawdown	14.07	1.52	+12.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELFW.DE vs. MSCI - Sharpe Ratio Comparison

The current ELFW.DE Sharpe Ratio is 2.09, which is higher than the MSCI Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of ELFW.DE and MSCI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ELFW.DE	MSCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	0.34	+1.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.27	+0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.61	+0.17

Drawdowns

ELFW.DE vs. MSCI - Drawdown Comparison

The maximum ELFW.DE drawdown since its inception was -33.59%, smaller than the maximum MSCI drawdown of -63.74%. Use the drawdown chart below to compare losses from any high point for ELFW.DE and MSCI.

Drawdown Indicators

	ELFW.DE	MSCI	Difference
Max Drawdown Largest peak-to-trough decline	-33.59%	-63.74%	+30.15%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-18.63%	+11.95%
Max Drawdown (3Y) Largest decline over 3 years	-21.81%	-28.14%	+6.33%
Max Drawdown (5Y) Largest decline over 5 years	-21.81%	-39.69%	+17.88%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.69%	—
Current Drawdown Current decline from peak	-0.35%	-10.29%	+9.94%
Average Drawdown Average peak-to-trough decline	-4.73%	-12.67%	+7.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	6.53%	-4.87%

Volatility

ELFW.DE vs. MSCI - Volatility Comparison

The current volatility for Deka MSCI World UCITS ETF Dist (ELFW.DE) is 2.60%, while MSCI Inc. (MSCI) has a volatility of 7.47%. This indicates that ELFW.DE experiences smaller price fluctuations and is considered to be less risky than MSCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELFW.DE	MSCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.60%	7.47%	-4.87%
Volatility (6M) Calculated over the trailing 6-month period	7.74%	21.49%	-13.75%
Volatility (1Y) Calculated over the trailing 1-year period	11.14%	29.62%	-18.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.15%	30.20%	-16.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.07%	31.26%	-15.19%

Dividends

ELFW.DE vs. MSCI - Dividend Comparison

ELFW.DE's dividend yield for the trailing twelve months is around 0.89%, less than MSCI's 1.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ELFW.DE Deka MSCI World UCITS ETF Dist	0.89%	1.01%	1.04%	1.37%	1.65%	0.96%	1.29%	1.53%	0.00%	0.00%	0.00%	0.00%
MSCI MSCI Inc.	1.25%	1.25%	1.07%	0.98%	0.98%	0.59%	0.65%	0.98%	1.30%	1.04%	1.27%	1.11%

Frequently Asked Questions

Can I hold both ELFW.DE and MSCI in my portfolio?

ELFW.DE and MSCI have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.