AHR vs. DFEN.DE

Last updated Jun 13, 2026

AHR (American Healthcare REIT, Inc.) is a stock, while DFEN.DE (VanEck Defense UCITS ETF A) is Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Over the past year, AHR returned 34.24% vs 13.94% for DFEN.DE. At a 0.07 correlation, their price movements are largely independent.

Performance

AHR vs. DFEN.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Healthcare REIT, Inc. (AHR) and VanEck Defense UCITS ETF A (DFEN.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AHR is traded in USD, while DFEN.DE is traded in EUR. To make them comparable, the DFEN.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

AHR

• 1D: 0.56%
• 1M: -9.30%
• YTD: 0.00%
• 6M: 0.12%
• 1Y: 34.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFEN.DE

• 1D: 0.49%
• 1M: 1.00%
• YTD: 1.46%
• 6M: 2.92%
• 1Y: 13.94%
• 3Y*: 40.64%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AHR vs. DFEN.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AHR American Healthcare REIT, Inc.	0.00%	70.03%	133.22%
DFEN.DE VanEck Defense UCITS ETF A	1.46%	70.20%	35.47%

Correlation

The correlation between AHR and DFEN.DE is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Feb 7, 2024	0.07

Return for Risk

AHR vs. DFEN.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AHR

AHR Risk / Return Rank: 80
AHR Sharpe Ratio Rank: 82
AHR Sortino Ratio Rank: 77
AHR Omega Ratio Rank: 76
AHR Calmar Ratio Rank: 81
AHR Martin Ratio Rank: 83

DFEN.DE

DFEN.DE Risk / Return Rank: 19
DFEN.DE Sharpe Ratio Rank: 19
DFEN.DE Sortino Ratio Rank: 20
DFEN.DE Omega Ratio Rank: 19
DFEN.DE Calmar Ratio Rank: 20
DFEN.DE Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AHR vs. DFEN.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Healthcare REIT, Inc. (AHR) and VanEck Defense UCITS ETF A (DFEN.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.

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.

	AHR	DFEN.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.44	0.55	+0.89
Sortino ratio: Return per unit of downside risk	1.98	0.95	+1.02
Omega ratio: Gain probability vs. loss probability	1.26	1.11	+0.15
Calmar ratio: Return relative to maximum drawdown	2.53	0.71	+1.82
Martin ratio: Return relative to average drawdown	7.06	1.73	+5.33

AHR vs. DFEN.DE - Sharpe Ratio Comparison

The current AHR Sharpe Ratio is 1.44, which is higher than the DFEN.DE Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of AHR and DFEN.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AHR vs. DFEN.DE - Drawdown Comparison

The maximum AHR drawdown since its inception was -13.62%, smaller than the maximum DFEN.DE drawdown of -19.59%. Use the drawdown chart below to compare losses from any high point for AHR and DFEN.DE.

Drawdown Indicators

	AHR	DFEN.DE	Difference
Max Drawdown Largest peak-to-trough decline	-13.62%	-19.59%	+5.97%
Max Drawdown (1Y) Largest decline over 1 year	-13.62%	-19.59%	+5.97%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.59%	—
Current Drawdown Current decline from peak	-11.52%	-16.58%	+5.06%
Average Drawdown Average peak-to-trough decline	-3.04%	-3.51%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.86%	8.02%	-3.16%

Volatility

AHR vs. DFEN.DE - Volatility Comparison

American Healthcare REIT, Inc. (AHR) has a higher volatility of 8.92% compared to VanEck Defense UCITS ETF A (DFEN.DE) at 7.93%. This indicates that AHR's price experiences larger fluctuations and is considered to be riskier than DFEN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AHR	DFEN.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.92%	7.93%	+0.99%
Volatility (6M) Calculated over the trailing 6-month period	18.98%	19.89%	-0.91%
Volatility (1Y) Calculated over the trailing 1-year period	23.90%	25.41%	-1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.81%	21.76%	+5.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.81%	21.76%	+5.05%

Dividends

AHR vs. DFEN.DE - Dividend Comparison

AHR's dividend yield for the trailing twelve months is around 2.14%, while DFEN.DE has not paid dividends to shareholders.

Position	TTM	2025	2024
AHR American Healthcare REIT, Inc.	2.14%	2.12%	3.52%
DFEN.DE VanEck Defense UCITS ETF A	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AHR and DFEN.DE in my portfolio?

AHR and DFEN.DE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.