DFEN.DE vs. ESP0.DE
DFEN.DE (VanEck Defense UCITS ETF A) and ESP0.DE (VanEck Video Gaming and eSports UCITS ETF) are both exchange-traded funds - DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index, while ESP0.DE is a Technology Equities fund tracking the MarketVector Global Video Gaming and eSports ESG. Both are passively managed. Over the past year, DFEN.DE returned 14.03% vs -13.94% for ESP0.DE. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
DFEN.DE vs. ESP0.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 ESP0.DE's -13.12% return.
DFEN.DE
- 1D
- 0.30%
- 1M
- -3.33%
- YTD
- 4.02%
- 6M
- 6.91%
- 1Y
- 14.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESP0.DE
- 1D
- -0.62%
- 1M
- -0.41%
- YTD
- -13.12%
- 6M
- -16.53%
- 1Y
- -13.94%
- 3Y*
- 16.64%
- 5Y*
- 7.55%
- 10Y*
- —
DFEN.DE vs. ESP0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 50.76% | 51.97% | 8.67% |
ESP0.DE VanEck Video Gaming and eSports UCITS ETF | -13.12% | 13.28% | 57.80% | -0.58% |
Correlation
The correlation between DFEN.DE and ESP0.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.39 |
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Return for Risk
DFEN.DE vs. ESP0.DE — Risk / Return Rank
DFEN.DE
ESP0.DE
DFEN.DE vs. ESP0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF A (DFEN.DE) and VanEck Video Gaming and eSports UCITS ETF (ESP0.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 | ESP0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.88 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | -0.53 | +1.28 |
| Martin ratioReturn relative to average drawdown | 1.81 | -0.93 | +2.74 |
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 | ESP0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | -0.81 | +1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.75 | 0.71 | +1.04 |
Drawdowns
DFEN.DE vs. ESP0.DE - Drawdown Comparison
The maximum DFEN.DE drawdown since its inception was -18.60%, smaller than the maximum ESP0.DE drawdown of -40.11%. Use the drawdown chart below to compare losses from any high point for DFEN.DE and ESP0.DE.
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Drawdown Indicators
| DFEN.DE | ESP0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.60% | -40.11% | +21.51% |
Max Drawdown (1Y)Largest decline over 1 year | -18.60% | -26.09% | +7.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.09% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.11% | — |
Current DrawdownCurrent decline from peak | -15.21% | -24.82% | +9.61% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -12.75% | +9.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.72% | 14.94% | -7.22% |
Volatility
DFEN.DE vs. ESP0.DE - Volatility Comparison
VanEck Defense UCITS ETF A (DFEN.DE) has a higher volatility of 7.38% compared to VanEck Video Gaming and eSports UCITS ETF (ESP0.DE) at 4.55%. This indicates that DFEN.DE's price experiences larger fluctuations and is considered to be riskier than ESP0.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 | ESP0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 4.55% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 19.16% | 13.06% | +6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.79% | 17.18% | +7.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 22.48% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 23.16% | -1.69% |
DFEN.DE vs. ESP0.DE - Expense Ratio Comparison
Both DFEN.DE and ESP0.DE have an expense ratio of 0.55%.
Dividends
DFEN.DE vs. ESP0.DE - Dividend Comparison
Neither DFEN.DE nor ESP0.DE has paid dividends to shareholders.
Frequently Asked Questions
DFEN.DE and ESP0.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DFEN.DE and ESP0.DE have the same expense ratio: 0.55% per year.
DFEN.DE is categorized as Aerospace & Defense, while ESP0.DE is Technology Equities. DFEN.DE tracks MarketVector Global Defense Industry Index, while ESP0.DE tracks MarketVector Global Video Gaming and eSports ESG.
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