DFEN.DE vs. DFEU.L
DFEN.DE (VanEck Defense UCITS ETF A) and DFEU.L (iShares Europe Defence UCITS ETF EUR Accumulating) are both Aerospace & Defense funds - DFEN.DE tracks the MarketVector Global Defense Industry Index while DFEU.L tracks the STOXX Europe Targeted Defence Index. Both are passively managed. A 0.74 correlation means they provide meaningful diversification when combined. DFEN.DE charges 0.55%/yr vs 0.35%/yr for DFEU.L.
Performance
DFEN.DE vs. DFEU.L - Performance Comparison
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Different Trading Currencies
DFEN.DE is traded in EUR, while DFEU.L is traded in GBP. To make them comparable, the DFEU.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, DFEN.DE achieves a 3.04% return, which is significantly lower than DFEU.L's 4.78% return.
DFEN.DE
- 1D
- 0.60%
- 1M
- 0.90%
- YTD
- 3.04%
- 6M
- 4.46%
- 1Y
- 11.89%
- 3Y*
- 37.43%
- 5Y*
- —
- 10Y*
- —
DFEU.L
- 1D
- 0.00%
- 1M
- 5.69%
- YTD
- 4.78%
- 6M
- 6.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFEN.DE vs. DFEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 3.04% | 11.29% |
DFEU.L iShares Europe Defence UCITS ETF EUR Accumulating | 4.78% | -15.55% |
Correlation
The correlation between DFEN.DE and DFEU.L is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025 | 0.74 |
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Return for Risk
DFEN.DE vs. DFEU.L — Risk / Return Rank
DFEN.DE
DFEU.L
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DFEN.DE vs. DFEU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF A (DFEN.DE) and iShares Europe Defence UCITS ETF EUR Accumulating (DFEU.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.
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.
| DFEN.DE | DFEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.11 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | — | — |
| Martin ratioReturn relative to average drawdown | 1.72 | — | — |
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Drawdowns
DFEN.DE vs. DFEU.L - Drawdown Comparison
The maximum DFEN.DE drawdown since its inception was -18.88%, smaller than the maximum DFEU.L drawdown of -24.20%. Use the drawdown chart below to compare losses from any high point for DFEN.DE and DFEU.L.
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Drawdown Indicators
| DFEN.DE | DFEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.88% | -24.20% | +5.32% |
Max Drawdown (1Y)Largest decline over 1 year | -18.88% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.88% | — | — |
Current DrawdownCurrent decline from peak | -16.01% | -13.66% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -11.43% | +8.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.15% | — | — |
Volatility
DFEN.DE vs. DFEU.L - Volatility Comparison
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Volatility by Period
| DFEN.DE | DFEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.34% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.34% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.01% | 38.88% | -13.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.22% | 38.88% | -17.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.22% | 38.88% | -17.66% |
DFEN.DE vs. DFEU.L - Expense Ratio Comparison
DFEN.DE has a 0.55% expense ratio, which is higher than DFEU.L's 0.35% expense ratio.
Dividends
DFEN.DE vs. DFEU.L - Dividend Comparison
Neither DFEN.DE nor DFEU.L has paid dividends to shareholders.
Frequently Asked Questions
DFEN.DE and DFEU.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DFEU.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DFEU.L is cheaper with a 0.35% expense ratio, compared with 0.55% for DFEN.DE.
DFEN.DE tracks MarketVector Global Defense Industry Index, while DFEU.L tracks STOXX Europe Targeted Defence Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.55% for DFEN.DE and 0.35% for DFEU.L.
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