VUAA.DE vs. EL4A.DE
VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) and EL4A.DE (Deka DAX UCITS ETF) are both exchange-traded funds - VUAA.DE is a S&P 500 fund tracking the S&P 500 Index, while EL4A.DE is a Europe Equities fund tracking the DAX®. Both are passively managed. Over the past 5 years, VUAA.DE returned 14.61%/yr vs 9.04%/yr for EL4A.DE. A 0.66 correlation means they provide meaningful diversification when combined. VUAA.DE charges 0.07%/yr vs 0.15%/yr for EL4A.DE.
Performance
VUAA.DE vs. EL4A.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VUAA.DE achieves a 11.52% return, which is significantly higher than EL4A.DE's 1.14% return.
VUAA.DE
- 1D
- 1.42%
- 1M
- 2.00%
- YTD
- 11.52%
- 6M
- 12.86%
- 1Y
- 26.67%
- 3Y*
- 18.58%
- 5Y*
- 14.61%
- 10Y*
- —
EL4A.DE
- 1D
- 1.07%
- 1M
- 3.92%
- YTD
- 1.14%
- 6M
- 2.62%
- 1Y
- 5.35%
- 3Y*
- 14.41%
- 5Y*
- 9.04%
- 10Y*
- 9.42%
VUAA.DE vs. EL4A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 11.52% | 4.69% | 32.69% | 22.51% | -14.29% | 40.75% | 5.89% |
EL4A.DE Deka DAX UCITS ETF | 1.14% | 22.57% | 18.09% | 19.52% | -12.75% | 15.19% | 4.72% |
Correlation
The correlation between VUAA.DE and EL4A.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.66 |
The correlation between VUAA.DE and EL4A.DE shifts across timeframes, from 0.55 (3 years) to 0.66 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VUAA.DE vs. EL4A.DE — Risk / Return Rank
VUAA.DE
EL4A.DE
VUAA.DE vs. EL4A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) and Deka DAX UCITS ETF (EL4A.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.
| VUAA.DE | EL4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.07 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 0.43 | +3.36 |
| Martin ratioReturn relative to average drawdown | 13.55 | 1.34 | +12.20 |
Loading charts...
Drawdowns
VUAA.DE vs. EL4A.DE - Drawdown Comparison
The maximum VUAA.DE drawdown since its inception was -33.67%, smaller than the maximum EL4A.DE drawdown of -46.64%. Use the drawdown chart below to compare losses from any high point for VUAA.DE and EL4A.DE.
Loading charts...
Drawdown Indicators
| VUAA.DE | EL4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -46.64% | +12.97% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -12.36% | +5.36% |
Max Drawdown (3Y)Largest decline over 3 years | -23.33% | -15.89% | -7.44% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | -26.76% | +3.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.68% | — |
Current DrawdownCurrent decline from peak | -0.35% | -2.44% | +2.09% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -8.88% | +4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 3.97% | -2.01% |
Volatility
VUAA.DE vs. EL4A.DE - Volatility Comparison
The current volatility for Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) is 3.33%, while Deka DAX UCITS ETF (EL4A.DE) has a volatility of 4.42%. This indicates that VUAA.DE experiences smaller price fluctuations and is considered to be less risky than EL4A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VUAA.DE | EL4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 4.42% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 7.92% | 13.11% | -5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.76% | 16.23% | -4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 17.22% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 18.33% | -0.72% |
VUAA.DE vs. EL4A.DE - Expense Ratio Comparison
VUAA.DE has a 0.07% expense ratio, which is lower than EL4A.DE's 0.15% 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
VUAA.DE vs. EL4A.DE - Dividend Comparison
Neither VUAA.DE nor EL4A.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4A.DE Deka DAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.56% | 0.65% | 0.60% |
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 0.00% | 0.00% | 0.27% | 0.00% | 0.00% | 0.00% | 1.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VUAA.DE and EL4A.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUAA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUAA.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for EL4A.DE.
VUAA.DE is categorized as S&P 500, while EL4A.DE is Europe Equities. VUAA.DE tracks S&P 500 Index, while EL4A.DE tracks DAX®. They also come from different issuers: Vanguard and Deka. Their fees differ too: 0.07% for VUAA.DE and 0.15% for EL4A.DE.
Find the right allocation for VUAA.DE and EL4A.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer