DFEN.DE vs. ED3F.DE
DFEN.DE (VanEck Defense UCITS ETF A) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both Aerospace & Defense funds - DFEN.DE tracks the MarketVector Global Defense Industry Index while ED3F.DE tracks the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, DFEN.DE returned 14.03% vs -1.88% for ED3F.DE. Their correlation of 0.84 suggests significant overlap in exposure. DFEN.DE charges 0.55%/yr vs 0.40%/yr for ED3F.DE.
Performance
DFEN.DE vs. ED3F.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DFEN.DE achieves a 4.02% return, which is significantly higher than ED3F.DE's 0.02% return.
DFEN.DE
- 1D
- 0.30%
- 1M
- -3.33%
- YTD
- 4.02%
- 6M
- 6.91%
- 1Y
- 14.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.21%
- YTD
- 0.02%
- 6M
- 4.46%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFEN.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 11.34% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between DFEN.DE and ED3F.DE is 0.85, 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 | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.84 |
The correlation between DFEN.DE and ED3F.DE has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DFEN.DE vs. ED3F.DE — Risk / Return Rank
DFEN.DE
ED3F.DE
DFEN.DE vs. ED3F.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 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.
| DFEN.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.01 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | -0.08 | +0.83 |
| Martin ratioReturn relative to average drawdown | 1.81 | -0.18 | +1.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DFEN.DE | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | -0.06 | +0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.75 | 0.15 | +1.60 |
Drawdowns
DFEN.DE vs. ED3F.DE - Drawdown Comparison
The maximum DFEN.DE drawdown since its inception was -18.60%, smaller than the maximum ED3F.DE drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for DFEN.DE and ED3F.DE.
Loading charts...
Drawdown Indicators
| DFEN.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.60% | -23.91% | +5.31% |
Max Drawdown (1Y)Largest decline over 1 year | -18.60% | -23.91% | +5.31% |
Current DrawdownCurrent decline from peak | -15.21% | -20.80% | +5.59% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -8.37% | +5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.72% | 10.25% | -2.53% |
Volatility
DFEN.DE vs. ED3F.DE - Volatility Comparison
The current volatility for VanEck Defense UCITS ETF A (DFEN.DE) is 7.38%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that DFEN.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.
Loading charts...
Volatility by Period
| DFEN.DE | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 10.58% | -3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 19.16% | 22.80% | -3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.79% | 30.60% | -5.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 30.42% | -8.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 30.42% | -8.95% |
DFEN.DE vs. ED3F.DE - Expense Ratio Comparison
DFEN.DE has a 0.55% expense ratio, which is higher than ED3F.DE's 0.40% expense ratio.
Dividends
DFEN.DE vs. ED3F.DE - Dividend Comparison
Neither DFEN.DE nor ED3F.DE has paid dividends to shareholders.
Frequently Asked Questions
DFEN.DE and ED3F.DE have a correlation of 0.85, 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 0.55% for DFEN.DE.
DFEN.DE tracks MarketVector Global Defense Industry Index, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: VanEck and Global X. Their fees differ too: 0.55% for DFEN.DE and 0.40% for ED3F.DE.
Find the right allocation for DFEN.DE and ED3F.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer