ETSZ.DE vs. ELFC.DE
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) are both Europe Equities funds - ETSZ.DE tracks the STOXX® Europe 600 while ELFC.DE tracks the EURO iSTOXX® ex Financials High Dividend 50. Both are passively managed. Over the past 10 years, ETSZ.DE returned 9.16%/yr vs 8.86%/yr for ELFC.DE. A 0.77 correlation means they provide meaningful diversification when combined. ETSZ.DE charges 0.20%/yr vs 0.30%/yr for ELFC.DE.
Performance
ETSZ.DE vs. ELFC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETSZ.DE achieves a 7.24% return, which is significantly lower than ELFC.DE's 12.62% return. Both investments have delivered pretty close results over the past 10 years, with ETSZ.DE having a 9.16% annualized return and ELFC.DE not far behind at 8.86%.
ETSZ.DE
- 1D
- 0.59%
- 1M
- 0.81%
- YTD
- 7.24%
- 6M
- 9.81%
- 1Y
- 15.98%
- 3Y*
- 13.72%
- 5Y*
- 9.62%
- 10Y*
- 9.16%
ELFC.DE
- 1D
- -0.33%
- 1M
- -0.31%
- YTD
- 12.62%
- 6M
- 11.95%
- 1Y
- 20.69%
- 3Y*
- 12.09%
- 5Y*
- 10.14%
- 10Y*
- 8.86%
ETSZ.DE vs. ELFC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 7.24% | 20.43% | 8.21% | 15.61% | -10.31% | 24.89% | -1.49% | 28.86% | -11.18% | 10.63% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 12.62% | 17.73% | -0.16% | 15.69% | 1.54% | 21.96% | -7.15% | 19.94% | -4.03% | 6.11% |
Correlation
The correlation between ETSZ.DE and ELFC.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | 0.77 |
Over the past year, the correlation between ETSZ.DE and ELFC.DE has dropped to 0.57 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
ETSZ.DE vs. ELFC.DE — Risk / Return Rank
ETSZ.DE
ELFC.DE
ETSZ.DE vs. ELFC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) and Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.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.
| ETSZ.DE | ELFC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 3.00 | -1.28 |
| Martin ratioReturn relative to average drawdown | 6.45 | 8.42 | -1.97 |
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
| ETSZ.DE | ELFC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.81 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.73 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.56 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.55 | -0.03 |
Drawdowns
ETSZ.DE vs. ELFC.DE - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.51%, smaller than the maximum ELFC.DE drawdown of -37.68%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and ELFC.DE.
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Drawdown Indicators
| ETSZ.DE | ELFC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -37.68% | +2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -6.71% | -2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -15.02% | -1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -16.85% | -3.70% |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | -37.68% | +2.17% |
Current DrawdownCurrent decline from peak | -1.70% | -1.60% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -4.70% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.39% | +0.12% |
Volatility
ETSZ.DE vs. ELFC.DE - Volatility Comparison
BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) has a higher volatility of 4.34% compared to Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) at 2.62%. This indicates that ETSZ.DE's price experiences larger fluctuations and is considered to be riskier than ELFC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETSZ.DE | ELFC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 2.62% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 8.07% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 11.12% | +1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 13.76% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 16.40% | -0.86% |
ETSZ.DE vs. ELFC.DE - Expense Ratio Comparison
ETSZ.DE has a 0.20% expense ratio, which is lower than ELFC.DE's 0.30% expense ratio.
Dividends
ETSZ.DE vs. ELFC.DE - Dividend Comparison
ETSZ.DE has not paid dividends to shareholders, while ELFC.DE's dividend yield for the trailing twelve months is around 4.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 4.08% | 4.45% | 4.66% | 4.66% | 4.91% | 3.85% | 2.83% | 3.64% | 4.20% | 3.53% | 3.57% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 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
ETSZ.DE and ELFC.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETSZ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETSZ.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for ELFC.DE.
ETSZ.DE tracks STOXX® Europe 600, while ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50. They also come from different issuers: BNP Paribas and Deka. Their fees differ too: 0.20% for ETSZ.DE and 0.30% for ELFC.DE.
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