MJMT.DE vs. ELFC.DE
MJMT.DE (Amundi MSCI Europe Momentum Factor UCITS ETF EUR) and ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) are both exchange-traded funds - MJMT.DE is a Momentum fund tracking the MSCI Europe Momentum Index, while ELFC.DE is a Europe Equities fund tracking the EURO iSTOXX® ex Financials High Dividend 50. Both are passively managed. Over the past 5 years, MJMT.DE returned 11.41%/yr vs 10.14%/yr for ELFC.DE. A 0.62 correlation means they provide meaningful diversification when combined. MJMT.DE charges 0.23%/yr vs 0.30%/yr for ELFC.DE.
Performance
MJMT.DE vs. ELFC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MJMT.DE achieves a 8.02% return, which is significantly lower than ELFC.DE's 12.62% return.
MJMT.DE
- 1D
- 0.03%
- 1M
- 2.82%
- YTD
- 8.02%
- 6M
- 11.57%
- 1Y
- 17.54%
- 3Y*
- 20.41%
- 5Y*
- 11.41%
- 10Y*
- —
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%
MJMT.DE vs. ELFC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MJMT.DE Amundi MSCI Europe Momentum Factor UCITS ETF EUR | 8.02% | 27.24% | 19.93% | 13.04% | -15.57% | 22.09% | 10.97% | 31.75% | -10.54% | 11.30% |
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 MJMT.DE and ELFC.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2016 | 0.62 |
Over the past year, the correlation between MJMT.DE and ELFC.DE has dropped to 0.34 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
MJMT.DE vs. ELFC.DE — Risk / Return Rank
MJMT.DE
ELFC.DE
MJMT.DE vs. ELFC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.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.
| MJMT.DE | ELFC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 3.00 | -1.49 |
| Martin ratioReturn relative to average drawdown | 5.64 | 8.42 | -2.78 |
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
| MJMT.DE | ELFC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.81 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.73 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.55 | +0.15 |
Drawdowns
MJMT.DE vs. ELFC.DE - Drawdown Comparison
The maximum MJMT.DE drawdown since its inception was -31.35%, smaller than the maximum ELFC.DE drawdown of -37.68%. Use the drawdown chart below to compare losses from any high point for MJMT.DE and ELFC.DE.
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Drawdown Indicators
| MJMT.DE | ELFC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.35% | -37.68% | +6.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -6.71% | -4.85% |
Max Drawdown (3Y)Largest decline over 3 years | -15.62% | -15.02% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -23.84% | -16.85% | -6.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.68% | — |
Current DrawdownCurrent decline from peak | -1.36% | -1.60% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -4.70% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.39% | +0.71% |
Volatility
MJMT.DE vs. ELFC.DE - Volatility Comparison
Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE) has a higher volatility of 4.49% compared to Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) at 2.62%. This indicates that MJMT.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
| MJMT.DE | ELFC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 2.62% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 14.45% | 8.07% | +6.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.95% | 11.12% | +5.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 13.76% | +2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 16.40% | -0.16% |
MJMT.DE vs. ELFC.DE - Expense Ratio Comparison
MJMT.DE has a 0.23% expense ratio, which is lower than ELFC.DE's 0.30% expense ratio.
Dividends
MJMT.DE vs. ELFC.DE - Dividend Comparison
MJMT.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% |
MJMT.DE Amundi MSCI Europe Momentum Factor UCITS ETF EUR | 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
MJMT.DE and ELFC.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MJMT.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MJMT.DE is cheaper with a 0.23% expense ratio, compared with 0.30% for ELFC.DE.
MJMT.DE is categorized as Momentum, while ELFC.DE is Europe Equities. MJMT.DE tracks MSCI Europe Momentum Index, while ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50. They also come from different issuers: Amundi and Deka. Their fees differ too: 0.23% for MJMT.DE and 0.30% for ELFC.DE.
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