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DFEN.DE vs. CNX1.L
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DFEN.DE and CNX1.L is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

DFEN.DE vs. CNX1.L

Last updated Jun 24, 2025

Compare and contrast key facts about VanEck Defense UCITS ETF A (DFEN.DE) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L).

DFEN.DE and CNX1.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFEN.DE is a passively managed fund by VanEck that tracks the performance of the MarketVector Global Defense Industry. It was launched on Mar 31, 2023. CNX1.L is a passively managed fund by iShares that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 26, 2010. Both DFEN.DE and CNX1.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFEN.DE or CNX1.L.

Performance

DFEN.DE vs. CNX1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Defense UCITS ETF A (DFEN.DE) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

DFEN.DE:

2.78

CNX1.L:

0.16

Sortino Ratio

DFEN.DE:

3.48

CNX1.L:

0.43

Omega Ratio

DFEN.DE:

1.48

CNX1.L:

1.06

Calmar Ratio

DFEN.DE:

5.45

CNX1.L:

0.18

Martin Ratio

DFEN.DE:

17.20

CNX1.L:

0.48

Ulcer Index

DFEN.DE:

3.70%

CNX1.L:

9.12%

Daily Std Dev

DFEN.DE:

23.34%

CNX1.L:

21.31%

Max Drawdown

DFEN.DE:

-11.67%

CNX1.L:

-27.56%

Current Drawdown

DFEN.DE:

-1.91%

CNX1.L:

-9.29%

Returns By Period

In the year-to-date period, DFEN.DE achieves a 37.13% return, which is significantly higher than CNX1.L's -5.04% return.

DFEN.DE

YTD

37.13%

1M

2.76%

6M

36.46%

1Y

65.21%

3Y*

N/A

5Y*

N/A

10Y*

N/A

CNX1.L

YTD

-5.04%

1M

3.97%

6M

-5.54%

1Y

3.48%

3Y*

18.73%

5Y*

15.22%

10Y*

19.47%

*Annualized

Compare stocks, funds, or ETFs

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VanEck Defense UCITS ETF A

iShares NASDAQ 100 UCITS ETF USD (Acc)

DFEN.DE vs. CNX1.L - Expense Ratio Comparison

DFEN.DE has a 0.55% expense ratio, which is higher than CNX1.L's 0.36% expense ratio.

DFEN.DE
VanEck Defense UCITS ETF A
CNX1.L
iShares NASDAQ 100 UCITS ETF USD (Acc)
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

DFEN.DE vs. CNX1.L — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DFEN.DE
The Risk-Adjusted Performance Rank of DFEN.DE is 9797
Overall Rank
The Sharpe Ratio Rank of DFEN.DE is 9797
Sharpe Ratio Rank
The Sortino Ratio Rank of DFEN.DE is 9696
Sortino Ratio Rank
The Omega Ratio Rank of DFEN.DE is 9696
Omega Ratio Rank
The Calmar Ratio Rank of DFEN.DE is 9898
Calmar Ratio Rank
The Martin Ratio Rank of DFEN.DE is 9797
Martin Ratio Rank
CNX1.L
The Risk-Adjusted Performance Rank of CNX1.L is 2727
Overall Rank
The Sharpe Ratio Rank of CNX1.L is 2525
Sharpe Ratio Rank
The Sortino Ratio Rank of CNX1.L is 2828
Sortino Ratio Rank
The Omega Ratio Rank of CNX1.L is 2727
Omega Ratio Rank
The Calmar Ratio Rank of CNX1.L is 2929
Calmar Ratio Rank
The Martin Ratio Rank of CNX1.L is 2626
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

DFEN.DE vs. CNX1.L - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF A (DFEN.DE) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.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.

The current DFEN.DE Sharpe Ratio is 2.78, which is higher than the CNX1.L Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of DFEN.DE and CNX1.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

DFEN.DE vs. CNX1.L - Dividend Comparison

Neither DFEN.DE nor CNX1.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

DFEN.DE vs. CNX1.L - Drawdown Comparison

The maximum DFEN.DE drawdown since its inception was -11.67%, smaller than the maximum CNX1.L drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for DFEN.DE and CNX1.L.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

DFEN.DE vs. CNX1.L - Volatility Comparison

VanEck Defense UCITS ETF A (DFEN.DE) has a higher volatility of 4.50% compared to iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) at 3.97%. This indicates that DFEN.DE's price experiences larger fluctuations and is considered to be riskier than CNX1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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