IS3H.DE vs. ELFC.DE
IS3H.DE (iShares MSCI EMU Mid Cap UCITS ETF) and ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) are both Europe Equities funds - IS3H.DE tracks the MSCI EMU Mid Cap while ELFC.DE tracks the EURO iSTOXX® ex Financials High Dividend 50. Both are passively managed. Over the past 10 years, IS3H.DE returned 9.47%/yr vs 8.86%/yr for ELFC.DE. A 0.79 correlation means they provide meaningful diversification when combined. IS3H.DE charges 0.49%/yr vs 0.30%/yr for ELFC.DE.
Performance
IS3H.DE vs. ELFC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3H.DE achieves a 9.28% return, which is significantly lower than ELFC.DE's 12.62% return. Over the past 10 years, IS3H.DE has outperformed ELFC.DE with an annualized return of 9.47%, while ELFC.DE has yielded a comparatively lower 8.86% annualized return.
IS3H.DE
- 1D
- 0.47%
- 1M
- 2.04%
- YTD
- 9.28%
- 6M
- 11.50%
- 1Y
- 17.53%
- 3Y*
- 18.25%
- 5Y*
- 9.27%
- 10Y*
- 9.47%
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%
IS3H.DE vs. ELFC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3H.DE iShares MSCI EMU Mid Cap UCITS ETF | 9.28% | 30.84% | 11.73% | 8.69% | -14.80% | 15.42% | 3.89% | 29.25% | -15.98% | 19.16% |
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 IS3H.DE and ELFC.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | 0.79 |
Over the past year, the correlation between IS3H.DE and ELFC.DE has dropped to 0.59 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
IS3H.DE vs. ELFC.DE — Risk / Return Rank
IS3H.DE
ELFC.DE
IS3H.DE vs. ELFC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Mid Cap UCITS ETF (IS3H.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.
| IS3H.DE | ELFC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.33 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 3.00 | -0.85 |
| Martin ratioReturn relative to average drawdown | 7.71 | 8.42 | -0.71 |
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
| IS3H.DE | ELFC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.81 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.73 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.56 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.55 | +0.01 |
Drawdowns
IS3H.DE vs. ELFC.DE - Drawdown Comparison
The maximum IS3H.DE drawdown since its inception was -37.63%, roughly equal to the maximum ELFC.DE drawdown of -37.68%. Use the drawdown chart below to compare losses from any high point for IS3H.DE and ELFC.DE.
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Drawdown Indicators
| IS3H.DE | ELFC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.63% | -37.68% | +0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -6.71% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -14.21% | -15.02% | +0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | -16.85% | -9.69% |
Max Drawdown (10Y)Largest decline over 10 years | -37.63% | -37.68% | +0.05% |
Current DrawdownCurrent decline from peak | -1.34% | -1.60% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -6.35% | -4.70% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.39% | -0.12% |
Volatility
IS3H.DE vs. ELFC.DE - Volatility Comparison
iShares MSCI EMU Mid Cap UCITS ETF (IS3H.DE) has a higher volatility of 3.33% compared to Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) at 2.62%. This indicates that IS3H.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
| IS3H.DE | ELFC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 2.62% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 8.07% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.45% | 11.12% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.31% | 13.76% | +1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.15% | 16.40% | -0.25% |
IS3H.DE vs. ELFC.DE - Expense Ratio Comparison
IS3H.DE has a 0.49% expense ratio, which is higher than ELFC.DE's 0.30% expense ratio.
Dividends
IS3H.DE vs. ELFC.DE - Dividend Comparison
IS3H.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% |
IS3H.DE iShares MSCI EMU Mid Cap 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
IS3H.DE and ELFC.DE have a correlation of 0.59, 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 0.49% for IS3H.DE.
IS3H.DE tracks MSCI EMU Mid Cap, while ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50. They also come from different issuers: iShares and Deka. Their fees differ too: 0.49% for IS3H.DE and 0.30% for ELFC.DE.
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