4MMR.DE vs. FOWF
4MMR.DE (Global X Defence Tech UCITS ETF USD Accumulating) and FOWF (Pacer Solactive Whitney Future of Warfare ETF) are both exchange-traded funds - 4MMR.DE is a Aerospace & Defense fund managed by Global X, while FOWF is a Industrials Equities fund tracking the Solactive Whitney Future of Warfare Index. Over the past year, 4MMR.DE returned 9.01% vs 20.90% for FOWF. At a 0.48 correlation, their price movements are largely independent.
Performance
4MMR.DE vs. FOWF - Performance Comparison
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Different Trading Currencies
4MMR.DE is traded in EUR, while FOWF is traded in USD. To make them comparable, the FOWF 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 -1.20% return, which is significantly lower than FOWF's 11.92% return.
4MMR.DE
- 1D
- -0.10%
- 1M
- -4.45%
- YTD
- -1.20%
- 6M
- 1.77%
- 1Y
- 9.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FOWF
- 1D
- 0.97%
- 1M
- 4.72%
- YTD
- 11.92%
- 6M
- 13.28%
- 1Y
- 20.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
4MMR.DE vs. FOWF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating | -1.20% | 58.75% | -0.86% |
FOWF Pacer Solactive Whitney Future of Warfare ETF | 11.92% | 13.82% | 0.35% |
Correlation
The correlation between 4MMR.DE and FOWF is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024 | 0.48 |
The correlation between 4MMR.DE and FOWF has been stable across timeframes, ranging from 0.48 to 0.58 - a consistent structural relationship.
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Return for Risk
4MMR.DE vs. FOWF — Risk / Return Rank
4MMR.DE
FOWF
4MMR.DE vs. FOWF - 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 Pacer Solactive Whitney Future of Warfare ETF (FOWF). 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.
| 4MMR.DE | FOWF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.27 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 2.53 | -2.08 |
| Martin ratioReturn relative to average drawdown | 1.17 | 6.66 | -5.49 |
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
| 4MMR.DE | FOWF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 1.53 | -1.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.61 | 1.06 | +0.55 |
Drawdowns
4MMR.DE vs. FOWF - Drawdown Comparison
The maximum 4MMR.DE drawdown since its inception was -19.79%, which is greater than FOWF's maximum drawdown of -15.18%. Use the drawdown chart below to compare losses from any high point for 4MMR.DE and FOWF.
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Drawdown Indicators
| 4MMR.DE | FOWF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.79% | -15.18% | -4.61% |
Max Drawdown (1Y)Largest decline over 1 year | -19.79% | -8.29% | -11.50% |
Current DrawdownCurrent decline from peak | -18.27% | -1.11% | -17.16% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -2.75% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.70% | 3.15% | +4.55% |
Volatility
4MMR.DE vs. FOWF - Volatility Comparison
Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) has a higher volatility of 6.27% compared to Pacer Solactive Whitney Future of Warfare ETF (FOWF) at 4.21%. This indicates that 4MMR.DE's price experiences larger fluctuations and is considered to be riskier than FOWF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 4MMR.DE | FOWF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 4.21% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 17.08% | 11.14% | +5.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.30% | 13.76% | +8.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.59% | 17.58% | +7.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.59% | 17.58% | +7.01% |
Dividends
4MMR.DE vs. FOWF - Dividend Comparison
4MMR.DE has not paid dividends to shareholders, while FOWF's dividend yield for the trailing twelve months is around 1.07%.
| Position | TTM | 2025 |
|---|---|---|
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating | 0.00% | 0.00% |
FOWF Pacer Solactive Whitney Future of Warfare ETF | 1.07% | 0.79% |
Frequently Asked Questions
4MMR.DE and FOWF have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
4MMR.DE is categorized as Aerospace & Defense, while FOWF is Industrials Equities. They also come from different issuers: Global X and Pacer.
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