FTGE.DE vs. ELFA.DE
FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) and ELFA.DE (Deka EURO STOXX 50 (thesaurierend) UCITS ETF) are both Europe Equities funds - FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone while ELFA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 5 years, FTGE.DE returned 12.12%/yr vs 12.71%/yr for ELFA.DE. Their correlation of 0.83 suggests significant overlap in exposure. FTGE.DE charges 0.65%/yr vs 0.15%/yr for ELFA.DE.
Performance
FTGE.DE vs. ELFA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTGE.DE achieves a 13.64% return, which is significantly higher than ELFA.DE's 8.04% return.
FTGE.DE
- 1D
- 0.00%
- 1M
- -0.93%
- 6M
- 9.53%
- YTD
- 13.64%
- 1Y
- 26.77%
- 3Y*
- 21.06%
- 5Y*
- 12.12%
- 10Y*
- —
ELFA.DE
- 1D
- 0.16%
- 1M
- 0.53%
- 6M
- 5.32%
- YTD
- 8.04%
- 1Y
- 18.99%
- 3Y*
- 15.29%
- 5Y*
- 12.71%
- 10Y*
- 11.02%
FTGE.DE vs. ELFA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 13.64% | 39.79% | 9.52% | 12.43% | -14.37% | 20.47% | 26.65% |
ELFA.DE Deka EURO STOXX 50 (thesaurierend) UCITS ETF | 8.04% | 22.03% | 13.92% | 23.28% | -10.58% | 27.40% | 29.05% |
Correlation
The correlation between FTGE.DE and ELFA.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 | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 18, 2020 | 0.83 |
The correlation between FTGE.DE and ELFA.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FTGE.DE vs. ELFA.DE — Risk / Return Rank
FTGE.DE
ELFA.DE
FTGE.DE vs. ELFA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) and Deka EURO STOXX 50 (thesaurierend) UCITS ETF (ELFA.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.
| FTGE.DE | ELFA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.21 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 1.54 | +1.33 |
| Martin ratioReturn relative to average drawdown | 10.93 | 5.14 | +5.79 |
Loading charts...
Drawdowns
FTGE.DE vs. ELFA.DE - Drawdown Comparison
The maximum FTGE.DE drawdown since its inception was -26.63%, smaller than the maximum ELFA.DE drawdown of -38.14%. Use the drawdown chart below to compare losses from any high point for FTGE.DE and ELFA.DE.
Loading charts...
Drawdown Indicators
| FTGE.DE | ELFA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.63% | -38.14% | +11.51% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -12.29% | +2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -16.12% | -16.35% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -26.63% | -23.33% | -3.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.14% | — |
Current DrawdownCurrent decline from peak | -1.35% | -1.69% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -6.53% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 3.69% | -1.23% |
Volatility
FTGE.DE vs. ELFA.DE - Volatility Comparison
First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) and Deka EURO STOXX 50 (thesaurierend) UCITS ETF (ELFA.DE) have volatilities of 3.84% and 3.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FTGE.DE | ELFA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 3.99% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 14.35% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.51% | 17.03% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.51% | 17.89% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 18.05% | +0.30% |
FTGE.DE vs. ELFA.DE - Expense Ratio Comparison
FTGE.DE has a 0.65% expense ratio, which is higher than ELFA.DE's 0.15% expense ratio.
Dividends
FTGE.DE vs. ELFA.DE - Dividend Comparison
FTGE.DE has not paid dividends to shareholders, while ELFA.DE's dividend yield for the trailing twelve months is around 2.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ELFA.DE Deka EURO STOXX 50 (thesaurierend) UCITS ETF | 2.35% | 2.29% | 2.65% | 3.30% | 1.48% | 2.07% | 0.00% | 0.00% | 0.73% | 0.81% | 0.59% |
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 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
FTGE.DE and ELFA.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, ELFA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ELFA.DE is cheaper with a 0.15% expense ratio, compared with 0.65% for FTGE.DE.
FTGE.DE tracks Nasdaq AlphaDEX® Eurozone, while ELFA.DE tracks EURO STOXX® 50. They also come from different issuers: First Trust and Deka. Their fees differ too: 0.65% for FTGE.DE and 0.15% for ELFA.DE.
Find the right allocation for FTGE.DE and ELFA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer