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›ETF Providers›Deka›ELF1
ELF1
DE000ETFL441
Passive ETFEquity

ELF1 ETF · Deka MDAX UCITS ETF

The ELF1 Exchange Traded Fund (ETF) is provided by Deka. It is built to track an index: MDAX Index. The ELF1 ETF provides physical exposure, so by buying it you actually own parts of all the 50 underlying holdings. The dividend policy is capitalization.
Real-time data unavailable for ELF1
LIVE
CLOSED
This fund is part ofGermany Blended Cap1M perf.-8.28%
Last price
N/A
1M perf.
-6.99%
1M flows
+€4.1M
AuM
€372M
E/R
0.3%
Rating
ESG Consensus®
esg grade icon
ELF1
N/A

Performance & flows

Segment for quartile rank
December 11, 2025 → March 11, 2026
0-4-202468%JANFEBMAR
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ELF1
€274.28
-1.77%
Germany Blended Cap
-3.83%

Historic performance and flows

1M3M1Y3Y5YMTDQTDYTD
Perf.
-6.99%
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-1.77%
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+2.41%
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+6.58%
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-9.99%
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-6.81%
-4.00%
-4.00%
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Flows

Key fund info

Segment for quartile rank
Main characteristics
Issuer
ISIN
DE000ETFL441
AuM
€372M
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E/R
0.3%
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Replication rating
ESG Consensus®
esg grade icon
icon
More details
NAV
3/11/2026
€274.28
1D NAV change
-1.04%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
50
Inception date
4/11/2014
Jurisdiction
Germany
Distribution
Austria
Germany
Legal structure
Contractual Fund
Base currency
EUR
Classification
Product type
Benchmark
Asset class
Factors
N/A
Investment strategy
The Deka MDAX®UCITS ETF is a UCITS IV compliant public fund that tracks the performance of the MDAX® (Mid-Cap-German equities index, total return index). The index covers 50 Mid-Cap-German public limited companies, as well foreign companies operating in Germany.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile

Segment for quartile rank

Historical risk/return profile

3M1Y3Y5Y
Returns
-1.77%
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+2.41%
icon
+6.58%
icon
-9.99%
icon
Volatility
Perf./Volatility
Max drawdown
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Exposure

Countries
Germany
97.29%
Luxembourg
2.07%
Other
0.66%
Sectors
Industrials
32.02%
Materials
12.67%
Consumer Discretionary
9.63%
Communication Services
7.75%
Financials
7.47%
Information Technology
7.10%
Real Estate
6.42%
Health Care
4.35%
Unavailable
11.94%
Other
0.66%
Diversification
Total weight of top 15 holdings out of 50
Top 15 holdings
Data as of January 31, 2026
LUFTHANSA
HOCHTIEF
KNORR BREMSE
TALANX
SARTORIUS PRF
THYSSEN-KRUPP
DELIVERY HERO AG
HENSOLDT AG
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NEMETSCHEK SE
LEG IMMOBILIEN AGD
DE000RENK730
DE000PAG9113
NORDEX
KION GROUP
CTS EVENTIM AG & CO KGAA
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Sustainability

Integrates ESG criteria
No
SDG

ESG Consensus® by Conser

Data as of December 31, 2025
Methodology

Our partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about ELF1 ETF's sustainability, based on their methodology.

Learn more about Conser

ESG Consensus®
esg grade icon

ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.


ELF1’s has a Final Sustainability Grade of either C+, C, C-, or D.

This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
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Holdings review
69.97% of holdings have positive scoring
30.01% of holdings have negative scoring
14.36%
39.77%
15.84%
8.92%
12.25%
8.85%
Consensus levels
Strong
Medium
Weak
No data on remaining < 1% of holdings
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Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

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Replication

Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
MDAX Total Return Index - EUR
Index ticker
MDAX Index
Index dividend policy
GTR
Replication method
Replication model
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Trackinsight
Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

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Issuer

Deka
Deka ID Card
Number of funds
55
Total AuM
€19.78B
Expense ratio range
0.07% - 0.65%
Average expense ratio
0.2667%
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Frequently asked questions about ELF1

What does Deka MDAX UCITS ETF, ELF1, invest in?

ELF1 is a Passive ETF. This ETF provides exposure to Mid Cap German Equities.

Which benchmark or index does ELF1 replicate?

ELF1 tracks the MDAX Total Return Index - EUR, through a full replication replication method.

What is the Total Expense ratio (TER) of ELF1?

ELF1 carries a total expense ratio (TER) of 0.3%, indicating the annual cost for holding the fund.

When was ELF1 launched?

ELF1 was introduced to the market on April 11, 2014. It trades on Austria, among other exchanges

Who is the ETF issuer of ELF1?

Deka MDAX UCITS ETF, ELF1, is provided by Deka. Learn more about Deka here.

What is the current assets under management (AUM) of ELF1?

ELF1 oversees €372M in assets as of March 11, 2026.

How has ELF1 performed lately?

Based on data from March 11, 2026, ELF1 returned -6.99% over the past month, -1.77% over the last three months and -4.00% year-to-date.

What are the latest inflows or outflows for ELF1?

As of March 11, 2026, ELF1 recorded net flows of +€4.1M over the last month and -€9.1M year-to-date.

Does ELF1 distribute dividends?

ELF1 follows a capitalizing, meaning it reinvests income within the fund.

What are the main country or region exposures of ELF1?

As of January 31, 2026, ELF1 has significant geographic allocations in Germany and Luxembourg.

In which sector or theme does ELF1 invest in?

As of January 31, 2026, ELF1 focuses largely on Industrials, Materials and Consumer Discretionary.

How many securities does ELF1 hold and how diversified is it?

As of January 31, 2026, ELF1 holds 50 positions in its portfolio, with 50.57% of assets concentrated in its top 15 holdings.

What are the main positions in ELF1?

As of January 31, 2026, ELF1 top three holdings include LUFTHANSA, HOCHTIEF and KNORR BREMSE.

What is the base currency of ELF1?

The base currency of ELF1 is EUR.

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About Trackinsight

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Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.

In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.

This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.

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