ESIF.DE vs. EL4A.DE
ESIF.DE (iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc)) and EL4A.DE (Deka DAX UCITS ETF) are both exchange-traded funds - ESIF.DE is a Financials Equities fund tracking the MSCI World/Financials NR USD, while EL4A.DE is a Europe Equities fund tracking the DAX®. Both are passively managed. Over the past 5 years, ESIF.DE returned 20.35%/yr vs 9.04%/yr for EL4A.DE. A 0.79 correlation means they provide meaningful diversification when combined. ESIF.DE charges 0.18%/yr vs 0.15%/yr for EL4A.DE.
Performance
ESIF.DE vs. EL4A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESIF.DE achieves a 7.54% return, which is significantly higher than EL4A.DE's 1.14% return.
ESIF.DE
- 1D
- 1.42%
- 1M
- 6.38%
- YTD
- 7.54%
- 6M
- 11.44%
- 1Y
- 29.59%
- 3Y*
- 29.86%
- 5Y*
- 20.35%
- 10Y*
- —
EL4A.DE
- 1D
- 1.07%
- 1M
- 3.92%
- YTD
- 1.14%
- 6M
- 2.62%
- 1Y
- 5.35%
- 3Y*
- 14.41%
- 5Y*
- 9.04%
- 10Y*
- 9.42%
ESIF.DE vs. EL4A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESIF.DE iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) | 7.54% | 47.72% | 25.25% | 21.60% | -2.85% | 29.01% | 2.38% |
EL4A.DE Deka DAX UCITS ETF | 1.14% | 22.57% | 18.09% | 19.52% | -12.75% | 15.19% | 4.46% |
Correlation
The correlation between ESIF.DE and EL4A.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020 | 0.79 |
The correlation between ESIF.DE and EL4A.DE has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.
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Return for Risk
ESIF.DE vs. EL4A.DE — Risk / Return Rank
ESIF.DE
EL4A.DE
ESIF.DE vs. EL4A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.DE) and Deka DAX UCITS ETF (EL4A.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.
| ESIF.DE | EL4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.07 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 0.43 | +1.95 |
| Martin ratioReturn relative to average drawdown | 8.11 | 1.34 | +6.77 |
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Drawdowns
ESIF.DE vs. EL4A.DE - Drawdown Comparison
The maximum ESIF.DE drawdown since its inception was -22.87%, smaller than the maximum EL4A.DE drawdown of -46.64%. Use the drawdown chart below to compare losses from any high point for ESIF.DE and EL4A.DE.
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Drawdown Indicators
| ESIF.DE | EL4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.87% | -46.64% | +23.77% |
Max Drawdown (1Y)Largest decline over 1 year | -12.35% | -12.36% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -17.08% | -15.89% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -26.76% | +3.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.68% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.44% | +2.44% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -8.88% | +4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 3.97% | -0.35% |
Volatility
ESIF.DE vs. EL4A.DE - Volatility Comparison
iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.DE) has a higher volatility of 5.58% compared to Deka DAX UCITS ETF (EL4A.DE) at 4.42%. This indicates that ESIF.DE's price experiences larger fluctuations and is considered to be riskier than EL4A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESIF.DE | EL4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 4.42% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 14.93% | 13.11% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.27% | 16.23% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.05% | 17.22% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 18.33% | +0.55% |
ESIF.DE vs. EL4A.DE - Expense Ratio Comparison
ESIF.DE has a 0.18% expense ratio, which is higher than EL4A.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ESIF.DE vs. EL4A.DE - Dividend Comparison
Neither ESIF.DE nor EL4A.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4A.DE Deka DAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.56% | 0.65% | 0.60% |
ESIF.DE iShares MSCI Europe Financials Sector 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% | 0.00% |
Frequently Asked Questions
ESIF.DE and EL4A.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4A.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4A.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for ESIF.DE.
ESIF.DE is categorized as Financials Equities, while EL4A.DE is Europe Equities. ESIF.DE tracks MSCI World/Financials NR USD, while EL4A.DE tracks DAX®. They also come from different issuers: iShares and Deka. Their fees differ too: 0.18% for ESIF.DE and 0.15% for EL4A.DE.
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