IBC0.DE vs. ELFC.DE
IBC0.DE (iShares Edge MSCI Europe Multifactor UCITS ETF) and ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) are both Europe Equities funds - IBC0.DE tracks the MSCI Europe Diversified Multiple-Factor while ELFC.DE tracks the EURO iSTOXX® ex Financials High Dividend 50. Both are passively managed. Over the past 10 years, IBC0.DE returned 9.77%/yr vs 8.86%/yr for ELFC.DE. A 0.69 correlation means they provide meaningful diversification when combined. IBC0.DE charges 0.45%/yr vs 0.30%/yr for ELFC.DE.
Performance
IBC0.DE vs. ELFC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC0.DE achieves a 9.99% return, which is significantly lower than ELFC.DE's 12.62% return. Over the past 10 years, IBC0.DE has outperformed ELFC.DE with an annualized return of 9.77%, while ELFC.DE has yielded a comparatively lower 8.86% annualized return.
IBC0.DE
- 1D
- 0.63%
- 1M
- 0.47%
- YTD
- 9.99%
- 6M
- 13.20%
- 1Y
- 19.89%
- 3Y*
- 18.33%
- 5Y*
- 10.54%
- 10Y*
- 9.77%
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%
IBC0.DE vs. ELFC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBC0.DE iShares Edge MSCI Europe Multifactor UCITS ETF | 9.99% | 21.49% | 14.29% | 19.19% | -15.94% | 26.76% | -0.55% | 26.28% | -11.58% | 12.21% |
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 IBC0.DE and ELFC.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | 0.69 |
The correlation between IBC0.DE and ELFC.DE shifts across timeframes, from 0.54 (1 year) to 0.72 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBC0.DE vs. ELFC.DE — Risk / Return Rank
IBC0.DE
ELFC.DE
IBC0.DE vs. ELFC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Multifactor UCITS ETF (IBC0.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.
| IBC0.DE | ELFC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.33 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 3.00 | -0.43 |
| Martin ratioReturn relative to average drawdown | 9.54 | 8.42 | +1.12 |
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
| IBC0.DE | ELFC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.81 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.73 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.56 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.55 | +0.03 |
Drawdowns
IBC0.DE vs. ELFC.DE - Drawdown Comparison
The maximum IBC0.DE drawdown since its inception was -37.22%, roughly equal to the maximum ELFC.DE drawdown of -37.68%. Use the drawdown chart below to compare losses from any high point for IBC0.DE and ELFC.DE.
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Drawdown Indicators
| IBC0.DE | ELFC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.22% | -37.68% | +0.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -6.71% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -15.28% | -15.02% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -24.64% | -16.85% | -7.79% |
Max Drawdown (10Y)Largest decline over 10 years | -37.22% | -37.68% | +0.46% |
Current DrawdownCurrent decline from peak | -1.53% | -1.60% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -4.70% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.39% | -0.27% |
Volatility
IBC0.DE vs. ELFC.DE - Volatility Comparison
iShares Edge MSCI Europe Multifactor UCITS ETF (IBC0.DE) has a higher volatility of 4.25% compared to Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) at 2.62%. This indicates that IBC0.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
| IBC0.DE | ELFC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 2.62% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 8.07% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 11.12% | +1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 13.76% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.32% | 16.40% | -0.08% |
IBC0.DE vs. ELFC.DE - Expense Ratio Comparison
IBC0.DE has a 0.45% expense ratio, which is higher than ELFC.DE's 0.30% expense ratio.
Dividends
IBC0.DE vs. ELFC.DE - Dividend Comparison
IBC0.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% |
IBC0.DE iShares Edge MSCI Europe Multifactor 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
IBC0.DE and ELFC.DE have a correlation of 0.54, 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 0.45% for IBC0.DE.
IBC0.DE tracks MSCI Europe Diversified Multiple-Factor, while ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50. They also come from different issuers: iShares and Deka. Their fees differ too: 0.45% for IBC0.DE and 0.30% for ELFC.DE.
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