CW vs. DFEN.DE

Last updated Jun 13, 2026

CW (Curtiss-Wright Corporation) 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 3 years, CW returned 63.08%/yr vs 40.64%/yr for DFEN.DE. At a 0.43 correlation, their price movements are largely independent.

Performance

CW vs. DFEN.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Curtiss-Wright Corporation (CW) and VanEck Defense UCITS ETF A (DFEN.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CW 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

In the year-to-date period, CW achieves a 37.55% return, which is significantly higher than DFEN.DE's 1.46% return.

CW

• 1D: 0.10%
• 1M: 0.93%
• YTD: 37.55%
• 6M: 38.99%
• 1Y: 60.13%
• 3Y*: 63.08%
• 5Y*: 43.15%
• 10Y*: 25.12%

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)

CW vs. DFEN.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CW Curtiss-Wright Corporation	37.55%	55.66%	59.73%	28.55%
DFEN.DE VanEck Defense UCITS ETF A	1.46%	70.20%	43.28%	24.17%

Correlation

The correlation between CW and DFEN.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023	0.43

Return for Risk

CW vs. DFEN.DE — Risk / Return Rank

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

CW

CW Risk / Return Rank: 87
CW Sharpe Ratio Rank: 88
CW Sortino Ratio Rank: 83
CW Omega Ratio Rank: 82
CW Calmar Ratio Rank: 92
CW Martin Ratio Rank: 92

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.

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

This table presents a comparison of risk-adjusted performance metrics for Curtiss-Wright Corporation (CW) 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.

	CW	DFEN.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.83	0.55	+1.29
Sortino ratio: Return per unit of downside risk	2.39	0.95	+1.44
Omega ratio: Gain probability vs. loss probability	1.31	1.11	+0.20
Calmar ratio: Return relative to maximum drawdown	4.66	0.71	+3.95
Martin ratio: Return relative to average drawdown	13.53	1.73	+11.80

CW vs. DFEN.DE - Sharpe Ratio Comparison

The current CW Sharpe Ratio is 1.83, which is higher than the DFEN.DE Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of CW 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

CW vs. DFEN.DE - Drawdown Comparison

The maximum CW drawdown since its inception was -59.19%, which is greater than DFEN.DE's maximum drawdown of -19.59%. Use the drawdown chart below to compare losses from any high point for CW and DFEN.DE.

Drawdown Indicators

	CW	DFEN.DE	Difference
Max Drawdown Largest peak-to-trough decline	-59.19%	-19.59%	-39.60%
Max Drawdown (1Y) Largest decline over 1 year	-12.97%	-19.59%	+6.62%
Max Drawdown (3Y) Largest decline over 3 years	-27.21%	-19.59%	-7.62%
Max Drawdown (5Y) Largest decline over 5 years	-27.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.73%	—	—
Current Drawdown Current decline from peak	0.00%	-16.58%	+16.58%
Average Drawdown Average peak-to-trough decline	-13.89%	-3.51%	-10.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	8.02%	-3.56%

Volatility

CW vs. DFEN.DE - Volatility Comparison

Curtiss-Wright Corporation (CW) has a higher volatility of 10.40% compared to VanEck Defense UCITS ETF A (DFEN.DE) at 7.93%. This indicates that CW'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

	CW	DFEN.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.40%	7.93%	+2.47%
Volatility (6M) Calculated over the trailing 6-month period	26.00%	19.89%	+6.11%
Volatility (1Y) Calculated over the trailing 1-year period	32.95%	25.41%	+7.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.89%	21.76%	+6.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.31%	21.76%	+8.55%

Dividends

CW vs. DFEN.DE - Dividend Comparison

CW's dividend yield for the trailing twelve months is around 0.13%, while DFEN.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CW Curtiss-Wright Corporation	0.13%	0.17%	0.23%	0.35%	0.45%	0.51%	0.58%	0.47%	0.59%	0.46%	0.53%	0.76%
DFEN.DE VanEck Defense UCITS ETF A	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

CW and DFEN.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.