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Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) Sharpe Ratio: -0.06

ETF · Currency in EUR · Last updated Jun 4, 2026

The Global X Europe Focused Defence Tech UCITS ETF seeks to track the performance of the Mirae Asset Europe Defence Tech Index, providing exposure to European companies active in defence technology, including military systems, aerospace, cybersecurity, and related innovation. The fund is a UCITS-compliant accumulating share class denominated in EUR and domiciled in Ireland.

ED3F.DE's Sharpe Ratio of -0.06 indicates that for each unit of volatility, it generates -0.06 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

ED3F.DE Sharpe Ratio Rank

ED3F.DE Sharpe Ratio Rank: 8.38
Concerning

ED3F.DE ranks above 8.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

ED3F.DE Sharpe Ratio Market Positioning

The chart shows ED3F.DE's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.84 or lower
  • Yellow zone (middle 50%): 0.84 to 2.40
  • Green zone (top 25%): 2.40 or higher
  • Top 1%: 7.80+
  • Median: 1.69 — half of all investments score higher

How it compares to other similar ETFs

The table compares Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating's Sharpe Ratio with other ETFs in the Aerospace & Defense, Europe Equities category across multiple time periods, showing how ED3F.DE's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
SELD.DELyxor STOXX Europe Select Dividend 30 UCITS ETF Dist2.67
EXSH.DEiShares STOXX Europe Select Dividend 30 UCITS ETF (DE)2.64
WTEE.DEWisdomTree Europe Equity Income UCITS ETF2.40
CEMS.DEiShares Edge MSCI Europe Value Factor UCITS ETF2.35
D5BL.DEXtrackers MSCI Europe Value UCITS ETF2.34
ZPRW.DESPDR MSCI Europe Value UCITS ETF2.26
LGGE.DEL&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF2.24
EUPE.DEOssiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR)2.19
FTGE.DEFirst Trust Eurozone AlphaDEX UCITS ETF Acc2.12
XESP.DEXtrackers Spanish Equity UCITS ETF2.07
ED3F.DEGlobal X Europe Focused Defence Tech UCITS ETF EUR Accumulating-0.06

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows ED3F.DE's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ED3F.DE consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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