EXS3.DE vs. ELFC.DE
EXS3.DE (iShares MDAX UCITS ETF (DE)) and ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) are both Europe Equities funds - EXS3.DE tracks the MDAX® while ELFC.DE tracks the EURO iSTOXX® ex Financials High Dividend 50. Both are passively managed. Over the past 10 years, EXS3.DE returned 4.04%/yr vs 8.86%/yr for ELFC.DE. A 0.70 correlation means they provide meaningful diversification when combined. EXS3.DE charges 0.51%/yr vs 0.30%/yr for ELFC.DE.
Performance
EXS3.DE vs. ELFC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXS3.DE achieves a 6.43% return, which is significantly lower than ELFC.DE's 12.62% return. Over the past 10 years, EXS3.DE has underperformed ELFC.DE with an annualized return of 4.04%, while ELFC.DE has yielded a comparatively higher 8.86% annualized return.
EXS3.DE
- 1D
- 0.21%
- 1M
- 5.13%
- YTD
- 6.43%
- 6M
- 10.24%
- 1Y
- 4.92%
- 3Y*
- 6.03%
- 5Y*
- -1.18%
- 10Y*
- 4.04%
ELFC.DE
- 1D
- -0.33%
- 1M
- 0.92%
- YTD
- 12.62%
- 6M
- 12.29%
- 1Y
- 20.13%
- 3Y*
- 12.09%
- 5Y*
- 10.14%
- 10Y*
- 8.86%
EXS3.DE vs. ELFC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXS3.DE iShares MDAX UCITS ETF (DE) | 6.43% | 19.10% | -6.45% | 7.92% | -29.11% | 13.18% | 8.17% | 30.28% | -18.39% | 17.41% |
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 EXS3.DE and ELFC.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | 0.70 |
Over the past year, the correlation between EXS3.DE and ELFC.DE has dropped to 0.44 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
EXS3.DE vs. ELFC.DE — Risk / Return Rank
EXS3.DE
ELFC.DE
EXS3.DE vs. ELFC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MDAX UCITS ETF (DE) (EXS3.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.
| EXS3.DE | ELFC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.33 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 3.00 | -2.66 |
| Martin ratioReturn relative to average drawdown | 0.91 | 8.42 | -7.51 |
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
| EXS3.DE | ELFC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 1.81 | -1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.73 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.56 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.55 | -0.20 |
Drawdowns
EXS3.DE vs. ELFC.DE - Drawdown Comparison
The maximum EXS3.DE drawdown since its inception was -63.82%, 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 EXS3.DE and ELFC.DE.
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Drawdown Indicators
| EXS3.DE | ELFC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.82% | -37.68% | -26.14% |
Max Drawdown (1Y)Largest decline over 1 year | -14.57% | -6.71% | -7.86% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -15.02% | -3.65% |
Max Drawdown (5Y)Largest decline over 5 years | -40.31% | -16.85% | -23.46% |
Max Drawdown (10Y)Largest decline over 10 years | -40.31% | -37.68% | -2.63% |
Current DrawdownCurrent decline from peak | -12.23% | -1.60% | -10.63% |
Average DrawdownAverage peak-to-trough decline | -14.02% | -4.70% | -9.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 2.39% | +2.96% |
Volatility
EXS3.DE vs. ELFC.DE - Volatility Comparison
iShares MDAX UCITS ETF (DE) (EXS3.DE) has a higher volatility of 4.94% compared to Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) at 2.62%. This indicates that EXS3.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
| EXS3.DE | ELFC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 2.62% | +2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 15.18% | 8.07% | +7.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 11.12% | +7.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.35% | 13.76% | +5.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 16.40% | +1.97% |
EXS3.DE vs. ELFC.DE - Expense Ratio Comparison
EXS3.DE has a 0.51% expense ratio, which is higher than ELFC.DE's 0.30% expense ratio.
Dividends
EXS3.DE vs. ELFC.DE - Dividend Comparison
EXS3.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 | 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% |
EXS3.DE iShares MDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.41% | 0.49% | 0.53% | 0.49% |
Frequently Asked Questions
EXS3.DE and ELFC.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ELFC.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ELFC.DE is cheaper with a 0.30% expense ratio, compared with 0.51% for EXS3.DE.
EXS3.DE tracks MDAX®, while ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50. They also come from different issuers: iShares and Deka. Their fees differ too: 0.51% for EXS3.DE and 0.30% for ELFC.DE.
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