4MMR.DE vs. IDFN.L
4MMR.DE (Global X Defence Tech UCITS ETF USD Accumulating) and IDFN.L (Invesco Defence Innovation UCITS ETF Acc) are both Aerospace & Defense funds. Over the past year, 4MMR.DE returned 9.01% vs 73.22% for IDFN.L. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
4MMR.DE vs. IDFN.L - Performance Comparison
Loading charts...
Different Trading Currencies
4MMR.DE is traded in EUR, while IDFN.L is traded in USD. To make them comparable, the IDFN.L 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 IDFN.L's 38.45% return.
4MMR.DE
- 1D
- -0.10%
- 1M
- -4.45%
- YTD
- -1.20%
- 6M
- 1.77%
- 1Y
- 9.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IDFN.L
- 1D
- 1.60%
- 1M
- 14.90%
- YTD
- 38.45%
- 6M
- 41.26%
- 1Y
- 73.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
4MMR.DE vs. IDFN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating | -1.20% | 58.75% | 2.97% |
IDFN.L Invesco Defence Innovation UCITS ETF Acc | 38.45% | 37.42% | 10.87% |
Correlation
The correlation between 4MMR.DE and IDFN.L is 0.72, 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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024 | 0.69 |
The correlation between 4MMR.DE and IDFN.L has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
4MMR.DE vs. IDFN.L — Risk / Return Rank
4MMR.DE
IDFN.L
4MMR.DE vs. IDFN.L - 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 Invesco Defence Innovation UCITS ETF Acc (IDFN.L). 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 | IDFN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.42 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.43 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 5.64 | -5.18 |
| Martin ratioReturn relative to average drawdown | 1.17 | 14.84 | -13.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 4MMR.DE | IDFN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 2.82 | -2.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.61 | 2.19 | -0.58 |
Drawdowns
4MMR.DE vs. IDFN.L - Drawdown Comparison
The maximum 4MMR.DE drawdown since its inception was -19.79%, which is greater than IDFN.L's maximum drawdown of -16.28%. Use the drawdown chart below to compare losses from any high point for 4MMR.DE and IDFN.L.
Loading charts...
Drawdown Indicators
| 4MMR.DE | IDFN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.79% | -16.28% | -3.51% |
Max Drawdown (1Y)Largest decline over 1 year | -19.79% | -12.92% | -6.87% |
Current DrawdownCurrent decline from peak | -18.27% | -3.05% | -15.22% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -3.59% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.70% | 4.92% | +2.78% |
Volatility
4MMR.DE vs. IDFN.L - Volatility Comparison
The current volatility for Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) is 6.27%, while Invesco Defence Innovation UCITS ETF Acc (IDFN.L) has a volatility of 9.80%. This indicates that 4MMR.DE experiences smaller price fluctuations and is considered to be less risky than IDFN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 4MMR.DE | IDFN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 9.80% | -3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 17.08% | 20.59% | -3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.30% | 25.84% | -3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.59% | 27.29% | -2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.59% | 27.29% | -2.70% |
Dividends
4MMR.DE vs. IDFN.L - Dividend Comparison
Neither 4MMR.DE nor IDFN.L has paid dividends to shareholders.
Frequently Asked Questions
4MMR.DE and IDFN.L have a correlation of 0.72, 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 Invesco.
Find the right allocation for 4MMR.DE and IDFN.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer