ASWC.DE vs. ED3F.DE
ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both Aerospace & Defense funds - ASWC.DE tracks the EQM Future of Defence Index while ED3F.DE tracks the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, ASWC.DE returned 17.13% vs -1.88% for ED3F.DE. Their correlation of 0.80 suggests significant overlap in exposure. ASWC.DE charges 0.49%/yr vs 0.40%/yr for ED3F.DE.
Performance
ASWC.DE vs. ED3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASWC.DE achieves a 13.04% return, which is significantly higher than ED3F.DE's 0.02% return.
ASWC.DE
- 1D
- -0.80%
- 1M
- 8.16%
- YTD
- 13.04%
- 6M
- 14.70%
- 1Y
- 17.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.21%
- YTD
- 0.02%
- 6M
- 4.46%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ASWC.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 13.04% | 6.32% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between ASWC.DE and ED3F.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.80 |
The correlation between ASWC.DE and ED3F.DE has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.
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Return for Risk
ASWC.DE vs. ED3F.DE — Risk / Return Rank
ASWC.DE
ED3F.DE
ASWC.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) and Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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.
| ASWC.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.01 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | -0.08 | +1.43 |
| Martin ratioReturn relative to average drawdown | 3.10 | -0.18 | +3.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ASWC.DE | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | -0.06 | +0.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.91 | 0.15 | +1.75 |
Drawdowns
ASWC.DE vs. ED3F.DE - Drawdown Comparison
The maximum ASWC.DE drawdown since its inception was -12.58%, smaller than the maximum ED3F.DE drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for ASWC.DE and ED3F.DE.
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Drawdown Indicators
| ASWC.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.58% | -23.91% | +11.33% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -23.91% | +11.33% |
Current DrawdownCurrent decline from peak | -2.83% | -20.80% | +17.97% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -8.37% | +5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 10.25% | -4.74% |
Volatility
ASWC.DE vs. ED3F.DE - Volatility Comparison
The current volatility for HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) is 5.89%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that ASWC.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASWC.DE | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 10.58% | -4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 22.80% | -6.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.35% | 30.60% | -10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.12% | 30.42% | -11.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.12% | 30.42% | -11.30% |
ASWC.DE vs. ED3F.DE - Expense Ratio Comparison
ASWC.DE has a 0.49% expense ratio, which is higher than ED3F.DE's 0.40% expense ratio.
Dividends
ASWC.DE vs. ED3F.DE - Dividend Comparison
Neither ASWC.DE nor ED3F.DE has paid dividends to shareholders.
Frequently Asked Questions
ASWC.DE and ED3F.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ED3F.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ED3F.DE is cheaper with a 0.40% expense ratio, compared with 0.49% for ASWC.DE.
ASWC.DE tracks EQM Future of Defence Index, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: HANetf and Global X. Their fees differ too: 0.49% for ASWC.DE and 0.40% for ED3F.DE.
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