DFEN.DE vs. 4MMR.DE
DFEN.DE (VanEck Defense UCITS ETF A) and 4MMR.DE (Global X Defence Tech UCITS ETF USD Accumulating) are both Aerospace & Defense funds. Over the past year, DFEN.DE returned 14.03% vs 9.01% for 4MMR.DE. Their correlation of 0.91 suggests significant overlap in exposure.
Performance
DFEN.DE vs. 4MMR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DFEN.DE achieves a 4.02% return, which is significantly higher than 4MMR.DE's -1.20% return.
DFEN.DE
- 1D
- 0.30%
- 1M
- -3.33%
- YTD
- 4.02%
- 6M
- 6.91%
- 1Y
- 14.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
4MMR.DE
- 1D
- -0.10%
- 1M
- -4.45%
- YTD
- -1.20%
- 6M
- 1.77%
- 1Y
- 9.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFEN.DE vs. 4MMR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 50.76% | 14.87% |
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating | -1.20% | 58.75% | 13.11% |
Correlation
The correlation between DFEN.DE and 4MMR.DE is 0.94, 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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2024 | 0.91 |
The correlation between DFEN.DE and 4MMR.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
DFEN.DE vs. 4MMR.DE — Risk / Return Rank
DFEN.DE
4MMR.DE
DFEN.DE vs. 4MMR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF A (DFEN.DE) and Global X Defence Tech UCITS ETF USD Accumulating (4MMR.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.
| DFEN.DE | 4MMR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.08 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.45 | +0.30 |
| Martin ratioReturn relative to average drawdown | 1.81 | 1.17 | +0.65 |
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
| DFEN.DE | 4MMR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 0.40 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.75 | 1.61 | +0.15 |
Drawdowns
DFEN.DE vs. 4MMR.DE - Drawdown Comparison
The maximum DFEN.DE drawdown since its inception was -18.60%, smaller than the maximum 4MMR.DE drawdown of -19.79%. Use the drawdown chart below to compare losses from any high point for DFEN.DE and 4MMR.DE.
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Drawdown Indicators
| DFEN.DE | 4MMR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.60% | -19.79% | +1.19% |
Max Drawdown (1Y)Largest decline over 1 year | -18.60% | -19.79% | +1.19% |
Current DrawdownCurrent decline from peak | -15.21% | -18.27% | +3.06% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -4.21% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.72% | 7.70% | +0.02% |
Volatility
DFEN.DE vs. 4MMR.DE - Volatility Comparison
VanEck Defense UCITS ETF A (DFEN.DE) has a higher volatility of 7.38% compared to Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) at 6.27%. This indicates that DFEN.DE's price experiences larger fluctuations and is considered to be riskier than 4MMR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFEN.DE | 4MMR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 6.27% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 19.16% | 17.08% | +2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.79% | 22.30% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 24.59% | -3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 24.59% | -3.12% |
Dividends
DFEN.DE vs. 4MMR.DE - Dividend Comparison
Neither DFEN.DE nor 4MMR.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, DFEN.DE and 4MMR.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
They also come from different issuers: VanEck and Global X.
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