USCP.DE vs. EL4Z.DE
USCP.DE (Ossiam Shiller Barclays CAPE® US Sector Value TR UCITS ETF (EUR)) and EL4Z.DE (Deka MSCI USA UCITS ETF) are both Large Cap Blend Equities funds - USCP.DE tracks the Shiller Barclays CAPE® US Sector Value while EL4Z.DE tracks the MSCI USA. Both are passively managed. Over the past 10 years, USCP.DE returned 13.23%/yr vs 14.39%/yr for EL4Z.DE. Their correlation of 0.91 suggests significant overlap in exposure. USCP.DE charges 0.65%/yr vs 0.30%/yr for EL4Z.DE.
Performance
USCP.DE vs. EL4Z.DE - Performance Comparison
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Returns By Period
In the year-to-date period, USCP.DE achieves a 1.13% return, which is significantly lower than EL4Z.DE's 11.05% return. Over the past 10 years, USCP.DE has underperformed EL4Z.DE with an annualized return of 13.23%, while EL4Z.DE has yielded a comparatively higher 14.39% annualized return.
USCP.DE
- 1D
- 1.28%
- 1M
- 0.56%
- YTD
- 1.13%
- 6M
- 2.00%
- 1Y
- 5.12%
- 3Y*
- 9.33%
- 5Y*
- 9.75%
- 10Y*
- 13.23%
EL4Z.DE
- 1D
- -0.11%
- 1M
- 5.30%
- YTD
- 11.05%
- 6M
- 11.03%
- 1Y
- 24.63%
- 3Y*
- 18.53%
- 5Y*
- 13.83%
- 10Y*
- 14.39%
USCP.DE vs. EL4Z.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USCP.DE Ossiam Shiller Barclays CAPE® US Sector Value TR UCITS ETF (EUR) | 1.13% | -3.26% | 22.70% | 25.56% | -10.80% | 38.73% | 7.54% | 33.98% | 0.41% | 5.39% |
EL4Z.DE Deka MSCI USA UCITS ETF | 11.05% | 3.99% | 32.17% | 22.99% | -16.37% | 38.20% | 9.12% | 33.84% | -1.63% | 6.08% |
Correlation
The correlation between USCP.DE and EL4Z.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 | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2015 | 0.91 |
Over the past year, the correlation between USCP.DE and EL4Z.DE has dropped to 0.59 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.
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Return for Risk
USCP.DE vs. EL4Z.DE — Risk / Return Rank
USCP.DE
EL4Z.DE
USCP.DE vs. EL4Z.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam Shiller Barclays CAPE® US Sector Value TR UCITS ETF (EUR) (USCP.DE) and Deka MSCI USA UCITS ETF (EL4Z.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.
| USCP.DE | EL4Z.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.39 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 3.31 | -2.58 |
| Martin ratioReturn relative to average drawdown | 2.18 | 11.44 | -9.26 |
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
| USCP.DE | EL4Z.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 2.09 | -1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.88 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.88 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.99 | -0.25 |
Drawdowns
USCP.DE vs. EL4Z.DE - Drawdown Comparison
The maximum USCP.DE drawdown since its inception was -34.80%, roughly equal to the maximum EL4Z.DE drawdown of -34.19%. Use the drawdown chart below to compare losses from any high point for USCP.DE and EL4Z.DE.
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Drawdown Indicators
| USCP.DE | EL4Z.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.80% | -34.19% | -0.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -7.42% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -19.22% | -24.03% | +4.81% |
Max Drawdown (5Y)Largest decline over 5 years | -19.22% | -24.03% | +4.81% |
Max Drawdown (10Y)Largest decline over 10 years | -34.80% | -34.19% | -0.61% |
Current DrawdownCurrent decline from peak | -7.42% | -0.40% | -7.02% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -4.23% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.15% | +0.19% |
Volatility
USCP.DE vs. EL4Z.DE - Volatility Comparison
Ossiam Shiller Barclays CAPE® US Sector Value TR UCITS ETF (EUR) (USCP.DE) has a higher volatility of 3.16% compared to Deka MSCI USA UCITS ETF (EL4Z.DE) at 2.74%. This indicates that USCP.DE's price experiences larger fluctuations and is considered to be riskier than EL4Z.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USCP.DE | EL4Z.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 2.74% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 7.23% | 7.70% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.00% | 11.74% | -1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 15.48% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 16.22% | -0.11% |
USCP.DE vs. EL4Z.DE - Expense Ratio Comparison
USCP.DE has a 0.65% expense ratio, which is higher than EL4Z.DE's 0.30% expense ratio.
Dividends
USCP.DE vs. EL4Z.DE - Dividend Comparison
USCP.DE has not paid dividends to shareholders, while EL4Z.DE's dividend yield for the trailing twelve months is around 0.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4Z.DE Deka MSCI USA UCITS ETF | 0.49% | 0.57% | 0.74% | 1.23% | 1.09% | 0.52% | 0.90% | 0.95% | 1.16% | 1.03% | 1.07% | 1.47% |
USCP.DE Ossiam Shiller Barclays CAPE® US Sector Value TR 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% | 0.00% |
Frequently Asked Questions
USCP.DE and EL4Z.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, EL4Z.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4Z.DE is cheaper with a 0.30% expense ratio, compared with 0.65% for USCP.DE.
USCP.DE tracks Shiller Barclays CAPE® US Sector Value, while EL4Z.DE tracks MSCI USA. They also come from different issuers: Natixis and Deka Investment GmbH. Their fees differ too: 0.65% for USCP.DE and 0.30% for EL4Z.DE.
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