LDAX.DE vs. EHF1.DE
LDAX.DE (Amundi Dax III UCITS ETF Dist) and EHF1.DE (Amundi MSCI Europe High Dividend Factor UCITS ETF EUR) are both Europe Equities funds from Amundi - LDAX.DE tracks the DAX® while EHF1.DE tracks the MSCI Europe High Dividend Yield. Both are passively managed. Over the past 5 years, LDAX.DE returned 9.29%/yr vs 12.67%/yr for EHF1.DE. A 0.72 correlation means they provide meaningful diversification when combined. LDAX.DE charges 0.15%/yr vs 0.23%/yr for EHF1.DE.
Performance
LDAX.DE vs. EHF1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LDAX.DE achieves a 1.18% return, which is significantly lower than EHF1.DE's 12.77% return.
LDAX.DE
- 1D
- 0.00%
- 1M
- -0.09%
- 6M
- -1.89%
- YTD
- 1.18%
- 1Y
- 1.71%
- 3Y*
- 15.01%
- 5Y*
- 9.29%
- 10Y*
- —
EHF1.DE
- 1D
- 0.82%
- 1M
- 5.28%
- 6M
- 11.73%
- YTD
- 12.77%
- 1Y
- 21.66%
- 3Y*
- 16.48%
- 5Y*
- 12.67%
- 10Y*
- 9.42%
LDAX.DE vs. EHF1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LDAX.DE Amundi Dax III UCITS ETF Dist | 1.18% | 22.70% | 18.08% | 19.61% | -12.89% | 15.29% | 8.40% |
EHF1.DE Amundi MSCI Europe High Dividend Factor UCITS ETF EUR | 12.77% | 19.17% | 9.83% | 14.12% | 1.04% | 18.25% | 8.32% |
Correlation
The correlation between LDAX.DE and EHF1.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.72 |
Over the past year, the correlation between LDAX.DE and EHF1.DE has dropped to 0.49 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
LDAX.DE vs. EHF1.DE — Risk / Return Rank
LDAX.DE
EHF1.DE
LDAX.DE vs. EHF1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Dax III UCITS ETF Dist (LDAX.DE) and Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.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.
| LDAX.DE | EHF1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.38 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 3.46 | -3.32 |
| Martin ratioReturn relative to average drawdown | 0.44 | 9.60 | -9.16 |
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Drawdowns
LDAX.DE vs. EHF1.DE - Drawdown Comparison
The maximum LDAX.DE drawdown since its inception was -26.68%, smaller than the maximum EHF1.DE drawdown of -38.13%. Use the drawdown chart below to compare losses from any high point for LDAX.DE and EHF1.DE.
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Drawdown Indicators
| LDAX.DE | EHF1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.68% | -38.13% | +11.45% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -6.24% | -6.12% |
Max Drawdown (3Y)Largest decline over 3 years | -15.92% | -12.89% | -3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -26.68% | -15.64% | -11.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.13% | — |
Current DrawdownCurrent decline from peak | -3.53% | 0.00% | -3.53% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -4.93% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 2.25% | +1.68% |
Volatility
LDAX.DE vs. EHF1.DE - Volatility Comparison
Amundi Dax III UCITS ETF Dist (LDAX.DE) has a higher volatility of 4.62% compared to Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.DE) at 3.24%. This indicates that LDAX.DE's price experiences larger fluctuations and is considered to be riskier than EHF1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDAX.DE | EHF1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 3.24% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 8.51% | +5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.26% | 10.48% | +5.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 12.29% | +4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 14.61% | +2.75% |
LDAX.DE vs. EHF1.DE - Expense Ratio Comparison
LDAX.DE has a 0.15% expense ratio, which is lower than EHF1.DE's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LDAX.DE vs. EHF1.DE - Dividend Comparison
LDAX.DE's dividend yield for the trailing twelve months is around 1.93%, while EHF1.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EHF1.DE Amundi MSCI Europe High Dividend Factor UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LDAX.DE Amundi Dax III UCITS ETF Dist | 1.93% | 1.95% | 2.31% | 2.73% | 3.32% | 2.73% | 0.39% |
Frequently Asked Questions
LDAX.DE and EHF1.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LDAX.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LDAX.DE is cheaper with a 0.15% expense ratio, compared with 0.23% for EHF1.DE.
LDAX.DE tracks DAX®, while EHF1.DE tracks MSCI Europe High Dividend Yield. Their fees differ too: 0.15% for LDAX.DE and 0.23% for EHF1.DE.
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