VanEck Defense UCITS ETF (DFNX.L) 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 DFNX.L. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DFNX.L
DFNX.L charges 0.55% annually. There are 5 ETFs in the Aerospace & Defense category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Europe Defence UCITS ETF EUR Accumulating | 0.35% | — | May 2025 | DFNX.L vs DFEU.L | |
| Invesco Defence Innovation UCITS ETF Acc | 0.35% | 143.10M | Oct 2024 | DFNX.L vs IDFN.L | |
| WisdomTree Europe Defence UCITS ETF - EUR Acc EUR | 0.40% | 4.34B | Mar 2025 | DFNX.L vs WDEF.L | |
| HANetf Future of Defence UCITS ETF - Accumulating | 0.49% | — | Jul 2023 | DFNX.L vs NATO.L | |
| HANetf Future of Defence UCITS ETF Acc GBP | 0.49% | — | Jun 2023 | DFNX.L vs NATP.L |
Best Risk-Adjusted Alternatives to DFNX.L
DFNX.L has a PortfoliosLab risk / return rank of 87. No ETFs in the Aerospace & Defense category have higher risk-adjusted ranks; the top alternatives shown here go as high as 85.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Defence Innovation UCITS ETF Acc | 85 | 143.10M | Oct 2024 | DFNX.L vs IDFN.L | |
| HANetf Future of Defence UCITS ETF Acc GBP | 30 | — | Jun 2023 | DFNX.L vs NATP.L | |
| HANetf Future of Defence UCITS ETF - Accumulating | 28 | — | Jul 2023 | DFNX.L vs NATO.L | |
| VanEck Defense ETF A USD Acc GBP | 20 | — | Mar 2023 | DFNX.L vs DFNG.L | |
| VanEck Defense UCITS ETF | 19 | — | Mar 2023 | DFNX.L vs DFNS.L |
Top Performing DFNX.L Alternatives (YTD)
DFNX.L is at 34.91% YTD. No ETFs in the Aerospace & Defense category have higher YTD returns; the top-performing alternatives shown here go as high as 34.54%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Defence Innovation UCITS ETF Acc | 34.54% | 143.10M | Oct 2024 | DFNX.L vs IDFN.L | |
| HANetf Future of Defence UCITS ETF Acc GBP | 13.14% | — | Jun 2023 | DFNX.L vs NATP.L | |
| HANetf Future of Defence UCITS ETF - Accumulating | 13.05% | — | Jul 2023 | DFNX.L vs NATO.L | |
| VanEck Defense ETF A USD Acc GBP | 3.11% | — | Mar 2023 | DFNX.L vs DFNG.L | |
| VanEck Defense UCITS ETF | 2.88% | — | Mar 2023 | DFNX.L vs DFNS.L |
Lowest Volatility Alternatives to DFNX.L
DFNX.L has 24.44% 1-year volatility. There are 3 ETFs in the Aerospace & Defense category with lower 1-year volatility, going as low as 19.35%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| HANetf Future of Defence UCITS ETF Acc GBP | 19.35% | — | Jun 2023 | DFNX.L vs NATP.L | |
| HANetf Future of Defence UCITS ETF - Accumulating | 20.05% | — | Jul 2023 | DFNX.L vs NATO.L | |
| VanEck Defense ETF A USD Acc GBP | 24.20% | — | Mar 2023 | DFNX.L vs DFNG.L | |
| VanEck Defense UCITS ETF | 24.88% | — | Mar 2023 | DFNX.L vs DFNS.L | |
| Invesco Defence Innovation UCITS ETF Acc | 25.94% | 143.10M | Oct 2024 | DFNX.L vs IDFN.L |
Lowest Drawdown Alternatives to DFNX.L
DFNX.L has a 1-year max drawdown of -12.10%. There is 1 ETF in the Aerospace & Defense category with a shallower 1-year drawdown, going as shallow as -11.55%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| HANetf Future of Defence UCITS ETF Acc GBP | -11.55% | — | Jun 2023 | DFNX.L vs NATP.L | |
| HANetf Future of Defence UCITS ETF - Accumulating | -12.79% | — | Jul 2023 | DFNX.L vs NATO.L | |
| Invesco Defence Innovation UCITS ETF Acc | -13.39% | 143.10M | Oct 2024 | DFNX.L vs IDFN.L | |
| VanEck Defense ETF A USD Acc GBP | -18.38% | — | Mar 2023 | DFNX.L vs DFNG.L | |
| VanEck Defense UCITS ETF | -18.72% | — | Mar 2023 | DFNX.L vs DFNS.L |
Other ETFs from VanEck
The 10 most viewed VanEck ETFs shown here include TDGB.L, SMGB.L, NUCG.L and span 9 categories. AUM among these funds goes as high as $7B.
Often Compared With DFNX.L
Investors most often compare DFNX.L with DRON.L, ARMY, 4MMR.DE. These 3 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Drone UCITS ETF Acc | Aerospace & Defense | — | — | — | Mar 2026 | DFNX.L vs DRON.L | |
| HANetf Future of European Defence Screened UCITS E... | Aerospace & Defense | — | — | 4.34M | Apr 2025 | DFNX.L vs ARMY | |
| Global X Defence Tech UCITS ETF USD Accumulating | Aerospace & Defense | 15 | -1.10% | — | — | DFNX.L vs 4MMR.DE |
Compare DFNX.L with Any Fund or Stock
Compare DFNX.L with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Â
Pair DFNX.L with funds that move differently
VanEck Defense UCITS ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DFNX.L.
Explore DFNX.L Diversifiers