4MMR.DE vs. DRNZ
4MMR.DE (Global X Defence Tech UCITS ETF USD Accumulating) and DRNZ (REX Drone ETF) are both Aerospace & Defense funds. At a 0.49 correlation, their price movements are largely independent.
Performance
4MMR.DE vs. DRNZ - Performance Comparison
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Different Trading Currencies
4MMR.DE is traded in EUR, while DRNZ is traded in USD. To make them comparable, the DRNZ values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 4MMR.DE achieves a -6.44% return, which is significantly lower than DRNZ's -1.32% return.
4MMR.DE
- 1D
- 0.00%
- 1M
- -8.42%
- YTD
- -6.44%
- 6M
- -6.87%
- 1Y
- 4.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRNZ
- 1D
- -3.01%
- 1M
- -15.11%
- YTD
- -1.32%
- 6M
- -4.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
4MMR.DE vs. DRNZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating | -6.44% | -4.18% |
DRNZ REX Drone ETF | -1.32% | -13.97% |
Correlation
The correlation between 4MMR.DE and DRNZ is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 29, 2025 | 0.49 |
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Return for Risk
4MMR.DE vs. DRNZ — Risk / Return Rank
4MMR.DE
DRNZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
4MMR.DE vs. DRNZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) and REX Drone ETF (DRNZ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 4MMR.DE | DRNZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.05 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | — | — |
| Martin ratioReturn relative to average drawdown | 0.51 | — | — |
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Drawdowns
4MMR.DE vs. DRNZ - Drawdown Comparison
The maximum 4MMR.DE drawdown since its inception was -22.61%, smaller than the maximum DRNZ drawdown of -27.37%. Use the drawdown chart below to compare losses from any high point for 4MMR.DE and DRNZ.
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Drawdown Indicators
| 4MMR.DE | DRNZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.61% | -27.37% | +4.76% |
Max Drawdown (1Y)Largest decline over 1 year | -22.61% | — | — |
Current DrawdownCurrent decline from peak | -22.61% | -27.37% | +4.76% |
Average DrawdownAverage peak-to-trough decline | -4.74% | -12.65% | +7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.04% | — | — |
Volatility
4MMR.DE vs. DRNZ - Volatility Comparison
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Volatility by Period
| 4MMR.DE | DRNZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.03% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.51% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.75% | 50.18% | -27.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.70% | 50.18% | -25.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.70% | 50.18% | -25.48% |
Dividends
4MMR.DE vs. DRNZ - Dividend Comparison
Neither 4MMR.DE nor DRNZ has paid dividends to shareholders.
Frequently Asked Questions
4MMR.DE and DRNZ have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Global X and REX.
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