EUN2.DE vs. ELFC.DE
EUN2.DE (iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)) and ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) are both Europe Equities funds - EUN2.DE tracks the EURO STOXX® 50 while ELFC.DE tracks the EURO iSTOXX® ex Financials High Dividend 50. Both are passively managed. Over the past 10 years, EUN2.DE returned 10.53%/yr vs 8.86%/yr for ELFC.DE. A 0.78 correlation means they provide meaningful diversification when combined. EUN2.DE charges 0.10%/yr vs 0.30%/yr for ELFC.DE.
Performance
EUN2.DE vs. ELFC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN2.DE achieves a 7.12% return, which is significantly lower than ELFC.DE's 12.62% return. Over the past 10 years, EUN2.DE has outperformed ELFC.DE with an annualized return of 10.53%, while ELFC.DE has yielded a comparatively lower 8.86% annualized return.
EUN2.DE
- 1D
- 0.76%
- 1M
- 1.87%
- YTD
- 7.12%
- 6M
- 8.50%
- 1Y
- 15.68%
- 3Y*
- 15.61%
- 5Y*
- 11.50%
- 10Y*
- 10.53%
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%
EUN2.DE vs. ELFC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN2.DE iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) | 7.12% | 22.24% | 10.97% | 22.70% | -8.84% | 23.49% | -3.00% | 30.05% | -12.00% | 10.20% |
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 EUN2.DE and ELFC.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 (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
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 | 0.78 |
Over the past year, the correlation between EUN2.DE and ELFC.DE has dropped to 0.52 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
EUN2.DE vs. ELFC.DE — Risk / Return Rank
EUN2.DE
ELFC.DE
EUN2.DE vs. ELFC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUN2.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.
| EUN2.DE | ELFC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.33 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.00 | -1.57 |
| Martin ratioReturn relative to average drawdown | 4.86 | 8.42 | -3.56 |
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
| EUN2.DE | ELFC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.81 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.73 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.56 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.55 | -0.39 |
Drawdowns
EUN2.DE vs. ELFC.DE - Drawdown Comparison
The maximum EUN2.DE drawdown since its inception was -65.11%, which is greater than ELFC.DE's maximum drawdown of -37.68%. Use the drawdown chart below to compare losses from any high point for EUN2.DE and ELFC.DE.
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Drawdown Indicators
| EUN2.DE | ELFC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.11% | -37.68% | -27.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.98% | -6.71% | -4.27% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -15.02% | -1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -23.30% | -16.85% | -6.45% |
Max Drawdown (10Y)Largest decline over 10 years | -38.35% | -37.68% | -0.67% |
Current DrawdownCurrent decline from peak | -0.57% | -1.60% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -19.35% | -4.70% | -14.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.39% | +0.85% |
Volatility
EUN2.DE vs. ELFC.DE - Volatility Comparison
iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUN2.DE) has a higher volatility of 4.96% compared to Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) at 2.62%. This indicates that EUN2.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
| EUN2.DE | ELFC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 2.62% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 8.07% | +4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.93% | 11.12% | +4.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 13.76% | +3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 16.40% | +1.83% |
EUN2.DE vs. ELFC.DE - Expense Ratio Comparison
EUN2.DE has a 0.10% expense ratio, which is lower than ELFC.DE's 0.30% expense ratio.
Dividends
EUN2.DE vs. ELFC.DE - Dividend Comparison
EUN2.DE's dividend yield for the trailing twelve months is around 2.55%, less than ELFC.DE's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
EUN2.DE iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) | 2.55% | 2.51% | 3.02% | 3.02% | 2.92% | 2.05% | 2.15% | 3.02% | 3.70% | 2.85% | 3.38% | 2.93% |
Frequently Asked Questions
EUN2.DE and ELFC.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, EUN2.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN2.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for ELFC.DE.
EUN2.DE tracks EURO STOXX® 50, while ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50. They also come from different issuers: iShares and Deka. Their fees differ too: 0.10% for EUN2.DE and 0.30% for ELFC.DE.
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