ARMY vs. IDFN.L

Last updated Jun 3, 2026

ARMY (HANetf Future of European Defence Screened UCITS ETF) and IDFN.L (Invesco Defence Innovation UCITS ETF Acc) are both Aerospace & Defense funds - ARMY tracks the VettaFi European Future of Defence Screened Index while IDFN.L tracks the S&P Kensho Global Future Defense Index. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. ARMY charges 0.39%/yr vs 0.35%/yr for IDFN.L.

Performance

ARMY vs. IDFN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HANetf Future of European Defence Screened UCITS ETF (ARMY) and Invesco Defence Innovation UCITS ETF Acc (IDFN.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ARMY 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

ARMY

• 1D: -1.51%
• 1M: 1.38%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IDFN.L

• 1D: 0.95%
• 1M: 15.45%
• YTD: 38.48%
• 6M: 47.14%
• 1Y: 79.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARMY vs. IDFN.L - Yearly Performance Comparison

	2026 (YTD)
ARMY HANetf Future of European Defence Screened UCITS ETF	0.10%
IDFN.L Invesco Defence Innovation UCITS ETF Acc	26.95%

Correlation

The correlation between ARMY and IDFN.L is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026	0.62

Return for Risk

ARMY vs. IDFN.L — Risk / Return Rank

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

IDFN.L

IDFN.L Risk / Return Rank: 86
IDFN.L Sharpe Ratio Rank: 90
IDFN.L Sortino Ratio Rank: 87
IDFN.L Omega Ratio Rank: 79
IDFN.L Calmar Ratio Rank: 91
IDFN.L Martin Ratio Rank: 83

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.

ARMY vs. IDFN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HANetf Future of European Defence Screened UCITS ETF (ARMY) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ARMY	IDFN.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	2.20	-2.18

Drawdowns

ARMY vs. IDFN.L - Drawdown Comparison

The maximum ARMY drawdown since its inception was -13.11%, smaller than the maximum IDFN.L drawdown of -16.28%. Use the drawdown chart below to compare losses from any high point for ARMY and IDFN.L.

Drawdown Indicators

	ARMY	IDFN.L	Difference
Max Drawdown Largest peak-to-trough decline	-13.11%	-16.28%	+3.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.92%	—
Current Drawdown Current decline from peak	-6.33%	-3.02%	-3.31%
Average Drawdown Average peak-to-trough decline	-5.27%	-3.59%	-1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.91%	—

Volatility

Volatility by Period

	ARMY	IDFN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.53%	25.81%	+6.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.53%	27.30%	+5.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.53%	27.30%	+5.23%

ARMY vs. IDFN.L - Expense Ratio Comparison

ARMY has a 0.39% expense ratio, which is higher than IDFN.L's 0.35% expense ratio.

Dividends

ARMY vs. IDFN.L - Dividend Comparison

Neither ARMY nor IDFN.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ARMY and IDFN.L in my portfolio?

ARMY and IDFN.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ARMY or IDFN.L?

On fees, IDFN.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARMY or IDFN.L?

IDFN.L is cheaper with a 0.35% expense ratio, compared with 0.39% for ARMY.

What is the main difference between ARMY and IDFN.L?

ARMY tracks VettaFi European Future of Defence Screened Index, while IDFN.L tracks S&P Kensho Global Future Defense Index. They also come from different issuers: HANetf and Invesco. Their fees differ too: 0.39% for ARMY and 0.35% for IDFN.L.