36B3.DE vs. ED3F.DE
36B3.DE (iShares MSCI Europe SRI UCITS ETF EUR Dist) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - 36B3.DE is a Europe Equities fund tracking the MSCI Europe SRI Select Reduced Fossil Fuels, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, 36B3.DE returned 5.53% vs -4.47% for ED3F.DE. At a 0.25 correlation, their price movements are largely independent. 36B3.DE charges 0.20%/yr vs 0.40%/yr for ED3F.DE.
Performance
36B3.DE vs. ED3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36B3.DE achieves a 6.64% return, which is significantly higher than ED3F.DE's 0.02% return.
36B3.DE
- 1D
- 0.84%
- 1M
- 1.55%
- YTD
- 6.64%
- 6M
- 8.49%
- 1Y
- 5.53%
- 3Y*
- 7.06%
- 5Y*
- 5.39%
- 10Y*
- —
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.46%
- YTD
- 0.02%
- 6M
- 4.71%
- 1Y
- -4.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
36B3.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
36B3.DE iShares MSCI Europe SRI UCITS ETF EUR Dist | 6.64% | -1.09% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between 36B3.DE and ED3F.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.25 |
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Return for Risk
36B3.DE vs. ED3F.DE — Risk / Return Rank
36B3.DE
ED3F.DE
36B3.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe SRI UCITS ETF EUR Dist (36B3.DE) and Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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.
| 36B3.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.01 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | -0.08 | +0.62 |
| Martin ratioReturn relative to average drawdown | 1.42 | -0.18 | +1.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 36B3.DE | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | -0.06 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.15 | +0.36 |
Drawdowns
36B3.DE vs. ED3F.DE - Drawdown Comparison
The maximum 36B3.DE drawdown since its inception was -33.57%, which is greater than ED3F.DE's maximum drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for 36B3.DE and ED3F.DE.
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Drawdown Indicators
| 36B3.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -23.91% | -9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -23.91% | +13.94% |
Max Drawdown (3Y)Largest decline over 3 years | -15.87% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | — | — |
Current DrawdownCurrent decline from peak | -0.82% | -20.80% | +19.98% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -8.37% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 10.25% | -6.43% |
Volatility
36B3.DE vs. ED3F.DE - Volatility Comparison
The current volatility for iShares MSCI Europe SRI UCITS ETF EUR Dist (36B3.DE) is 4.30%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that 36B3.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36B3.DE | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 10.58% | -6.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 22.80% | -11.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.38% | 30.60% | -17.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 30.42% | -15.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.35% | 30.42% | -14.07% |
36B3.DE vs. ED3F.DE - Expense Ratio Comparison
36B3.DE has a 0.20% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.
Dividends
36B3.DE vs. ED3F.DE - Dividend Comparison
36B3.DE's dividend yield for the trailing twelve months is around 1.98%, while ED3F.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B3.DE iShares MSCI Europe SRI UCITS ETF EUR Dist | 1.98% | 2.13% | 2.45% | 2.46% | 2.63% | 1.80% | 1.65% | 2.58% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
36B3.DE and ED3F.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36B3.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36B3.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for ED3F.DE.
36B3.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. 36B3.DE tracks MSCI Europe SRI Select Reduced Fossil Fuels, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for 36B3.DE and 0.40% for ED3F.DE.
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