ARMR.AX vs. DFNG.L
ARMR.AX (Betashares Global Defence ETF) and DFNG.L (VanEck Defense ETF A USD Acc GBP) are both Aerospace & Defense funds - ARMR.AX tracks the VettaFi Global Defence Leaders Index while DFNG.L tracks the MarketVector Global Defense Industry index. Both are passively managed. Over the past year, ARMR.AX returned 6.21% vs 4.98% for DFNG.L. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
ARMR.AX vs. DFNG.L - Performance Comparison
Loading charts...
Different Trading Currencies
ARMR.AX is traded in AUD, while DFNG.L is traded in GBP. To make them comparable, the DFNG.L values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ARMR.AX achieves a -3.08% return, which is significantly higher than DFNG.L's -3.77% return.
ARMR.AX
- 1D
- -1.04%
- 1M
- 0.89%
- YTD
- -3.08%
- 6M
- 2.37%
- 1Y
- 6.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFNG.L
- 1D
- 0.00%
- 1M
- -4.02%
- YTD
- -3.77%
- 6M
- -1.56%
- 1Y
- 4.98%
- 3Y*
- 39.07%
- 5Y*
- —
- 10Y*
- —
ARMR.AX vs. DFNG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | -3.08% | 47.73% | 12.11% |
DFNG.L VanEck Defense ETF A USD Acc GBP | -3.77% | 56.13% | 12.49% |
Correlation
The correlation between ARMR.AX and DFNG.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2024 | 0.31 |
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
ARMR.AX vs. DFNG.L — Risk / Return Rank
ARMR.AX
DFNG.L
ARMR.AX vs. DFNG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Global Defence ETF (ARMR.AX) and VanEck Defense ETF A USD Acc GBP (DFNG.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.
| ARMR.AX | DFNG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.05 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 0.21 | +0.07 |
| Martin ratioReturn relative to average drawdown | 0.71 | 0.51 | +0.19 |
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
| ARMR.AX | DFNG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.21 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 2.00 | -0.56 |
Drawdowns
ARMR.AX vs. DFNG.L - Drawdown Comparison
The maximum ARMR.AX drawdown since its inception was -22.10%, smaller than the maximum DFNG.L drawdown of -23.72%. Use the drawdown chart below to compare losses from any high point for ARMR.AX and DFNG.L.
Loading charts...
Drawdown Indicators
| ARMR.AX | DFNG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.10% | -23.72% | +1.62% |
Max Drawdown (1Y)Largest decline over 1 year | -22.10% | -23.72% | +1.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.72% | — |
Current DrawdownCurrent decline from peak | -17.53% | -20.71% | +3.18% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -3.59% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.75% | 9.70% | -0.95% |
Volatility
ARMR.AX vs. DFNG.L - Volatility Comparison
The current volatility for Betashares Global Defence ETF (ARMR.AX) is 7.10%, while VanEck Defense ETF A USD Acc GBP (DFNG.L) has a volatility of 8.12%. This indicates that ARMR.AX experiences smaller price fluctuations and is considered to be less risky than DFNG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ARMR.AX | DFNG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.10% | 8.12% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 18.87% | 18.60% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.08% | 23.66% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.91% | 20.35% | +2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.91% | 20.35% | +2.56% |
ARMR.AX vs. DFNG.L - Expense Ratio Comparison
Both ARMR.AX and DFNG.L have an expense ratio of 0.55%.
Dividends
ARMR.AX vs. DFNG.L - Dividend Comparison
ARMR.AX's dividend yield for the trailing twelve months is around 2.38%, while DFNG.L has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ARMR.AX Betashares Global Defence ETF | 2.38% | 2.18% |
DFNG.L VanEck Defense ETF A USD Acc GBP | 0.00% | 0.00% |
Frequently Asked Questions
ARMR.AX and DFNG.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ARMR.AX and DFNG.L have the same expense ratio: 0.55% per year.
ARMR.AX tracks VettaFi Global Defence Leaders Index, while DFNG.L tracks MarketVector Global Defense Industry index. They also come from different issuers: BetaShares and VanEck.
Find the right allocation for ARMR.AX and DFNG.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