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iShares Europe Defence UCITS ETF EUR Acc (DFNC.DE) Alternatives

ETF · Currency in EUR · Last updated Jun 5, 2026

The fund aims to achieve a total return by tracking the STOXX Europe Targeted Defence Index, which includes European companies involved in military equipment and services, while excluding those non-compliant with the United Nations Global Compact Principles.

iShares Europe Defence UCITS ETF EUR Acc (DFNC.DE) belongs to the Aerospace & Defense category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with DFNC.DE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to DFNC.DE

DFNC.DE charges 0.35% annually. No ETFs in the Aerospace & Defense category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.35%.

SymbolNameExpense RatioAUMInception
5J50.DE
iShares Global Aerospace & Defence UCITS ETF USD (...0.35%—Feb 2024DFNC.DE vs 5J50.DE
EUDF.DE
WisdomTree Europe Defence UCITS ETF - EUR Acc0.40%—Mar 2025DFNC.DE vs EUDF.DE
ED3F.DE
Global X Europe Focused Defence Tech UCITS ETF EUR...0.40%—May 2025DFNC.DE vs ED3F.DE
ASWC.DE
HANetf Future of Defence UCITS ETF Acc EUR0.49%—Jul 2023DFNC.DE vs ASWC.DE
DFEN.DE
VanEck Defense UCITS ETF A0.55%—Mar 2023DFNC.DE vs DFEN.DE

Best Risk-Adjusted Alternatives to DFNC.DE

DFNC.DE has a PortfoliosLab risk / return rank of 8. There are 4 ETFs in the Aerospace & Defense category with higher risk-adjusted ranks, going as high as 25.

SymbolNameRisk / Return RankAUMInception
ASWC.DE
HANetf Future of Defence UCITS ETF Acc EUR
25
—Jul 2023DFNC.DE vs ASWC.DE
5J50.DE
iShares Global Aerospace & Defence UCITS ETF USD (...
24
—Feb 2024DFNC.DE vs 5J50.DE
DFEN.DE
VanEck Defense UCITS ETF A
19
—Mar 2023DFNC.DE vs DFEN.DE
ED3F.DE
Global X Europe Focused Defence Tech UCITS ETF EUR...
9
—May 2025DFNC.DE vs ED3F.DE
EUDF.DE
WisdomTree Europe Defence UCITS ETF - EUR Acc
8
—Mar 2025DFNC.DE vs EUDF.DE

Top Performing DFNC.DE Alternatives (YTD)

DFNC.DE is at 3.52% YTD. There are 3 ETFs in the Aerospace & Defense category with higher YTD returns, going as high as 13.04%.

SymbolNameYTD ReturnAUMInception
ASWC.DE
HANetf Future of Defence UCITS ETF Acc EUR
13.04%
—Jul 2023DFNC.DE vs ASWC.DE
5J50.DE
iShares Global Aerospace & Defence UCITS ETF USD (...
4.72%
—Feb 2024DFNC.DE vs 5J50.DE
DFEN.DE
VanEck Defense UCITS ETF A
4.02%
—Mar 2023DFNC.DE vs DFEN.DE
EUDF.DE
WisdomTree Europe Defence UCITS ETF - EUR Acc
2.51%
—Mar 2025DFNC.DE vs EUDF.DE
ED3F.DE
Global X Europe Focused Defence Tech UCITS ETF EUR...
0.02%
—May 2025DFNC.DE vs ED3F.DE

Lowest Volatility Alternatives to DFNC.DE

DFNC.DE has 30.27% 1-year volatility. There are 4 ETFs in the Aerospace & Defense category with lower 1-year volatility, going as low as 19.44%.

SymbolNameVolatility 1YAUMInception
5J50.DE
iShares Global Aerospace & Defence UCITS ETF USD (...19.44%—Feb 2024DFNC.DE vs 5J50.DE
ASWC.DE
HANetf Future of Defence UCITS ETF Acc EUR20.35%—Jul 2023DFNC.DE vs ASWC.DE
DFEN.DE
VanEck Defense UCITS ETF A24.79%—Mar 2023DFNC.DE vs DFEN.DE
EUDF.DE
WisdomTree Europe Defence UCITS ETF - EUR Acc29.15%—Mar 2025DFNC.DE vs EUDF.DE
ED3F.DE
Global X Europe Focused Defence Tech UCITS ETF EUR...30.60%—May 2025DFNC.DE vs ED3F.DE

Lowest Drawdown Alternatives to DFNC.DE

DFNC.DE has a 1-year max drawdown of -20.23%. There are 4 ETFs in the Aerospace & Defense category with shallower 1-year drawdowns, going as shallow as -12.58%.

SymbolNameMax Drawdown 1YAUMInception
ASWC.DE
HANetf Future of Defence UCITS ETF Acc EUR
-12.58%
—Jul 2023DFNC.DE vs ASWC.DE
5J50.DE
iShares Global Aerospace & Defence UCITS ETF USD (...
-13.56%
—Feb 2024DFNC.DE vs 5J50.DE
DFEN.DE
VanEck Defense UCITS ETF A
-18.60%
—Mar 2023DFNC.DE vs DFEN.DE
EUDF.DE
WisdomTree Europe Defence UCITS ETF - EUR Acc
-19.51%
—Mar 2025DFNC.DE vs EUDF.DE
ED3F.DE
Global X Europe Focused Defence Tech UCITS ETF EUR...
-23.91%
—May 2025DFNC.DE vs ED3F.DE

Other ETFs from iShares

The 10 most viewed iShares ETFs shown here include SXR8.DE, QDVE.DE, SXRV.DE and span 8 categories.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
SXR8.DE
iShares Core S&P 500 UCITS ETF USD (Acc)S&P 500
69
11.37%
—May 2010DFNC.DE vs SXR8.DE
QDVE.DE
iShares S&P 500 Information Technology Sector UCIT...Technology Equities, S&P 500
65
24.06%
—Nov 2015DFNC.DE vs QDVE.DE
SXRV.DE
iShares NASDAQ 100 UCITS ETF USD (Acc)Nasdaq-100
71
20.57%
—Jan 2010DFNC.DE vs SXRV.DE
EUNL.DE
iShares Core MSCI World UCITS ETF USD (Acc)Global Equities
70
10.86%
—Sep 2009DFNC.DE vs EUNL.DE
IUSQ.DE
iShares MSCI ACWI UCITS ETF (Acc)Global Equities
76
12.65%
—Oct 2011DFNC.DE vs IUSQ.DE
SEC0.DE
iShares MSCI Global Semiconductors UCITS ETF USD (...Semiconductors, Technology Equities
97
98.10%
—Aug 2021DFNC.DE vs SEC0.DE
NQSE.DE
iShares NASDAQ 100 UCITS ETFNasdaq-100
66
17.82%
—Jan 2010DFNC.DE vs NQSE.DE
IS3N.DE
iShares Core MSCI Emerging Markets IMI UCITS ETF (...Emerging Markets Equities
82
25.82%
—May 2014DFNC.DE vs IS3N.DE
EUNA.DE
iShares Core Global Aggregate Bond UCITS ETF (EUR ...Global Bonds
14
-0.46%
—Nov 2017DFNC.DE vs EUNA.DE
ISPA.DE
iShares STOXX Global Select Dividend 100 UCITS ETF...Global Equities, Dividend
93
13.48%
—Sep 2009DFNC.DE vs ISPA.DE

Often Compared With DFNC.DE

Investors most often compare DFNC.DE with 4MMR.DE, DFNS.L, ARMY. These 5 comparison targets span 3 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
4MMR.DE
Global X Defence Tech UCITS ETF USD AccumulatingAerospace & Defense
15
-1.20%
——DFNC.DE vs 4MMR.DE
DFNS.L
VanEck Defense UCITS ETFAerospace & Defense
20
3.39%
—Mar 2023DFNC.DE vs DFNS.L
ARMY
HANetf Future of European Defence Screened UCITS E...Aerospace & Defense——4.34MApr 2025DFNC.DE vs ARMY
DFND.AS
iShares Global Aerospace & Defence UCITS ETFIndustrials Equities———Feb 2024DFNC.DE vs DFND.AS
ESIF.DE
iShares MSCI Europe Financials Sector UCITS ETF EU...Financials Equities
36
3.87%
—Nov 2020DFNC.DE vs ESIF.DE

Compare DFNC.DE with Any Fund or Stock

Compare DFNC.DE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair DFNC.DE with funds that move differently

iShares Europe Defence UCITS ETF EUR Acc alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DFNC.DE.

Explore DFNC.DE Diversifiers