OM3X.DE vs. EL4C.DE
OM3X.DE (iShares OMX Stockholm Capped UCITS ETF) and EL4C.DE (Deka STOXX Europe Strong Growth 20 UCITS ETF) are both Europe Equities funds - OM3X.DE tracks the OMX Stockholm Benchmark Cap while EL4C.DE tracks the STOXX® Europe Strong Growth 20. Both are passively managed. Over the past 5 years, OM3X.DE returned 7.23%/yr vs -2.94%/yr for EL4C.DE. A 0.66 correlation means they provide meaningful diversification when combined. OM3X.DE charges 0.10%/yr vs 0.65%/yr for EL4C.DE.
Performance
OM3X.DE vs. EL4C.DE - Performance Comparison
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Different Trading Currencies
OM3X.DE is traded in SEK, while EL4C.DE is traded in EUR. To make them comparable, the EL4C.DE values have been converted to SEK using the latest available exchange rates.
Returns By Period
In the year-to-date period, OM3X.DE achieves a 9.29% return, which is significantly lower than EL4C.DE's 12.04% return.
OM3X.DE
- 1D
- -0.92%
- 1M
- -0.36%
- YTD
- 9.29%
- 6M
- 10.60%
- 1Y
- 24.09%
- 3Y*
- 13.18%
- 5Y*
- 7.23%
- 10Y*
- —
EL4C.DE
- 1D
- -1.18%
- 1M
- -1.38%
- YTD
- 12.04%
- 6M
- 12.83%
- 1Y
- 2.24%
- 3Y*
- -0.17%
- 5Y*
- -2.94%
- 10Y*
- 8.89%
OM3X.DE vs. EL4C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OM3X.DE iShares OMX Stockholm Capped UCITS ETF | 9.29% | 13.47% | 7.86% | 17.11% | -19.54% | 35.76% | 12.08% | 32.24% | -4.53% | 9.87% |
EL4C.DE Deka STOXX Europe Strong Growth 20 UCITS ETF | 12.04% | -9.01% | -3.48% | 15.12% | -33.22% | 28.24% | 20.20% | 51.12% | -0.90% | 24.91% |
Correlation
The correlation between OM3X.DE and EL4C.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2016 | 0.66 |
The correlation between OM3X.DE and EL4C.DE has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.
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Return for Risk
OM3X.DE vs. EL4C.DE — Risk / Return Rank
OM3X.DE
EL4C.DE
OM3X.DE vs. EL4C.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares OMX Stockholm Capped UCITS ETF (OM3X.DE) and Deka STOXX Europe Strong Growth 20 UCITS ETF (EL4C.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.
| OM3X.DE | EL4C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.04 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 0.14 | +2.01 |
| Martin ratioReturn relative to average drawdown | 8.15 | 0.30 | +7.85 |
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Drawdowns
OM3X.DE vs. EL4C.DE - Drawdown Comparison
The maximum OM3X.DE drawdown since its inception was -32.85%, smaller than the maximum EL4C.DE drawdown of -42.19%. Use the drawdown chart below to compare losses from any high point for OM3X.DE and EL4C.DE.
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Drawdown Indicators
| OM3X.DE | EL4C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.85% | -42.19% | +9.34% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -15.68% | +4.55% |
Max Drawdown (3Y)Largest decline over 3 years | -21.33% | -30.30% | +8.97% |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | -42.19% | +11.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.19% | — |
Current DrawdownCurrent decline from peak | -1.70% | -24.75% | +23.05% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -15.63% | +8.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 7.35% | -4.40% |
Volatility
OM3X.DE vs. EL4C.DE - Volatility Comparison
The current volatility for iShares OMX Stockholm Capped UCITS ETF (OM3X.DE) is 3.94%, while Deka STOXX Europe Strong Growth 20 UCITS ETF (EL4C.DE) has a volatility of 4.91%. This indicates that OM3X.DE experiences smaller price fluctuations and is considered to be less risky than EL4C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OM3X.DE | EL4C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 4.91% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 16.49% | -3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.56% | 20.69% | -5.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 21.44% | -3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 20.04% | -2.58% |
OM3X.DE vs. EL4C.DE - Expense Ratio Comparison
OM3X.DE has a 0.10% expense ratio, which is lower than EL4C.DE's 0.65% expense ratio.
Dividends
OM3X.DE vs. EL4C.DE - Dividend Comparison
OM3X.DE has not paid dividends to shareholders, while EL4C.DE's dividend yield for the trailing twelve months is around 0.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4C.DE Deka STOXX Europe Strong Growth 20 UCITS ETF | 0.90% | 0.79% | 0.38% | 0.15% | 0.02% | 0.00% | 0.00% | 0.00% | 0.21% | 0.00% | 0.00% | 0.17% |
OM3X.DE iShares OMX Stockholm Capped UCITS ETF | 0.00% | 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
OM3X.DE and EL4C.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OM3X.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OM3X.DE is cheaper with a 0.10% expense ratio, compared with 0.65% for EL4C.DE.
OM3X.DE tracks OMX Stockholm Benchmark Cap, while EL4C.DE tracks STOXX® Europe Strong Growth 20. They also come from different issuers: iShares and Deka. Their fees differ too: 0.10% for OM3X.DE and 0.65% for EL4C.DE.
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