ARMY vs. KDEF

Last updated Jun 24, 2026

ARMY (HANetf Future of European Defence Screened UCITS ETF) and KDEF (PLUS Korea Defense Industry Index ETF) are both Aerospace & Defense funds - ARMY tracks the VettaFi European Future of Defence Screened Index while KDEF tracks the The Korea Defence Industry Index. Both are passively managed. At a 0.42 correlation, their price movements are largely independent. ARMY charges 0.39%/yr vs 0.65%/yr for KDEF.

Performance

ARMY vs. KDEF - 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 PLUS Korea Defense Industry Index ETF (KDEF). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

ARMY

• 1D: -0.05%
• 1M: -6.35%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KDEF

• 1D: -7.06%
• 1M: -19.15%
• YTD: 0.31%
• 6M: -0.19%
• 1Y: 5.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARMY vs. KDEF - Yearly Performance Comparison

	2026 (YTD)
ARMY HANetf Future of European Defence Screened UCITS ETF	-4.09%
KDEF PLUS Korea Defense Industry Index ETF	-16.39%

Correlation

The correlation between ARMY and KDEF is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 31, 2026	0.42

Return for Risk

ARMY vs. KDEF — Risk / Return Rank

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

ARMY

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

KDEF

KDEF Risk / Return Rank: 10
KDEF Sharpe Ratio Rank: 10
KDEF Sortino Ratio Rank: 11
KDEF Omega Ratio Rank: 11
KDEF Calmar Ratio Rank: 10
KDEF Martin Ratio Rank: 10

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. KDEF - 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 PLUS Korea Defense Industry Index ETF (KDEF). 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.

	ARMY	KDEF	Difference
Sharpe ratio: Return per unit of total volatility	—	0.12	—
Sortino ratio: Return per unit of downside risk	—	0.50	—
Omega ratio: Gain probability vs. loss probability	—	1.06	—
Calmar ratio: Return relative to maximum drawdown	—	0.16	—
Martin ratio: Return relative to average drawdown	—	0.50	—

Drawdowns

ARMY vs. KDEF - Drawdown Comparison

The maximum ARMY drawdown since its inception was -13.11%, smaller than the maximum KDEF drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for ARMY and KDEF.

Drawdown Indicators

	ARMY	KDEF	Difference
Max Drawdown Largest peak-to-trough decline	-13.11%	-34.70%	+21.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.70%	—
Current Drawdown Current decline from peak	-12.09%	-33.59%	+21.50%
Average Drawdown Average peak-to-trough decline	-6.07%	-7.24%	+1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.43%	—

Volatility

Volatility by Period

	ARMY	KDEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	39.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.17%	46.65%	-14.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.17%	47.21%	-15.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.17%	47.21%	-15.04%

ARMY vs. KDEF - Expense Ratio Comparison

ARMY has a 0.39% expense ratio, which is lower than KDEF's 0.65% expense ratio.

Dividends

ARMY vs. KDEF - Dividend Comparison

ARMY has not paid dividends to shareholders, while KDEF's dividend yield for the trailing twelve months is around 7.07%.

Position	TTM	2025
ARMY HANetf Future of European Defence Screened UCITS ETF	0.00%	0.00%
KDEF PLUS Korea Defense Industry Index ETF	7.07%	5.06%

Frequently Asked Questions

Can I hold both ARMY and KDEF in my portfolio?

ARMY and KDEF have a correlation of 0.42, 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 KDEF?

On fees, ARMY is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARMY or KDEF?

ARMY is cheaper with a 0.39% expense ratio, compared with 0.65% for KDEF.

Which ETF pays a higher dividend yield, ARMY or KDEF?

KDEF has the higher dividend yield at 7.07%, compared with 0.00% for ARMY.

What is the main difference between ARMY and KDEF?

ARMY tracks VettaFi European Future of Defence Screened Index, while KDEF tracks The Korea Defence Industry Index. They also come from different issuers: HANetf and PLUS. Their fees differ too: 0.39% for ARMY and 0.65% for KDEF.