OM3X.DE vs. ELFC.DE
OM3X.DE (iShares OMX Stockholm Capped UCITS ETF) and ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) are both Europe Equities funds - OM3X.DE tracks the OMX Stockholm Benchmark Cap while ELFC.DE tracks the EURO iSTOXX® ex Financials High Dividend 50. Both are passively managed. Over the past 5 years, OM3X.DE returned 7.19%/yr vs 11.89%/yr for ELFC.DE. A 0.58 correlation means they provide meaningful diversification when combined. OM3X.DE charges 0.10%/yr vs 0.30%/yr for ELFC.DE.
Performance
OM3X.DE vs. ELFC.DE - Performance Comparison
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Different Trading Currencies
OM3X.DE is traded in SEK, while ELFC.DE is traded in EUR. To make them comparable, the ELFC.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 9.44% return, which is significantly lower than ELFC.DE's 13.49% return.
OM3X.DE
- 1D
- 0.38%
- 1M
- -0.04%
- YTD
- 9.44%
- 6M
- 10.91%
- 1Y
- 21.25%
- 3Y*
- 12.08%
- 5Y*
- 7.19%
- 10Y*
- —
ELFC.DE
- 1D
- -0.58%
- 1M
- -0.05%
- YTD
- 13.49%
- 6M
- 11.37%
- 1Y
- 19.96%
- 3Y*
- 9.67%
- 5Y*
- 11.89%
- 10Y*
- 10.67%
OM3X.DE vs. ELFC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OM3X.DE iShares OMX Stockholm Capped UCITS ETF | 9.44% | 13.47% | 7.86% | 17.11% | -19.54% | 35.76% | 12.08% | 32.23% | -4.51% | 9.87% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 13.49% | 10.81% | 2.90% | 15.59% | 10.53% | 23.91% | -10.68% | 22.44% | 0.11% | 8.95% |
Correlation
The correlation between OM3X.DE and ELFC.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2016 | 0.58 |
The correlation between OM3X.DE and ELFC.DE shifts across timeframes, from 0.42 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OM3X.DE vs. ELFC.DE — Risk / Return Rank
OM3X.DE
ELFC.DE
OM3X.DE vs. ELFC.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 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.
| OM3X.DE | ELFC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 2.60 | -0.66 |
| Martin ratioReturn relative to average drawdown | 7.36 | 7.14 | +0.22 |
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
| OM3X.DE | ELFC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.74 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.88 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.68 | -0.06 |
Drawdowns
OM3X.DE vs. ELFC.DE - Drawdown Comparison
The maximum OM3X.DE drawdown since its inception was -32.86%, smaller than the maximum ELFC.DE drawdown of -35.33%. Use the drawdown chart below to compare losses from any high point for OM3X.DE and ELFC.DE.
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Drawdown Indicators
| OM3X.DE | ELFC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.86% | -35.33% | +2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -7.56% | -3.57% |
Max Drawdown (3Y)Largest decline over 3 years | -21.33% | -19.32% | -2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | -19.32% | -11.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.33% | — |
Current DrawdownCurrent decline from peak | -1.57% | -0.89% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -5.47% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.76% | +0.19% |
Volatility
OM3X.DE vs. ELFC.DE - Volatility Comparison
iShares OMX Stockholm Capped UCITS ETF (OM3X.DE) has a higher volatility of 4.70% compared to Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) at 2.32%. This indicates that OM3X.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
| OM3X.DE | ELFC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 2.32% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 8.22% | +4.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.55% | 11.33% | +4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 13.42% | +4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 15.70% | +1.79% |
OM3X.DE vs. ELFC.DE - Expense Ratio Comparison
OM3X.DE has a 0.10% expense ratio, which is lower than ELFC.DE's 0.30% expense ratio.
Dividends
OM3X.DE vs. ELFC.DE - Dividend Comparison
OM3X.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% |
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% |
Frequently Asked Questions
OM3X.DE and ELFC.DE have a correlation of 0.42, 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 0.30% for ELFC.DE.
OM3X.DE tracks OMX Stockholm Benchmark 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: 0.10% for OM3X.DE and 0.30% for ELFC.DE.
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