DFEN.DE vs. EUDF.DE
DFEN.DE (VanEck Defense UCITS ETF A) and EUDF.DE (WisdomTree Europe Defence UCITS ETF - EUR Acc) are both Aerospace & Defense funds - DFEN.DE tracks the MarketVector Global Defense Industry Index while EUDF.DE tracks the WisdomTree Europe Defence UCITS Index (NTR). Both are passively managed. Over the past year, DFEN.DE returned 14.03% vs -3.37% for EUDF.DE. A 0.79 correlation means they provide meaningful diversification when combined. DFEN.DE charges 0.55%/yr vs 0.40%/yr for EUDF.DE.
Performance
DFEN.DE vs. EUDF.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 EUDF.DE's 2.51% return.
DFEN.DE
- 1D
- 0.30%
- 1M
- -3.33%
- YTD
- 4.02%
- 6M
- 6.91%
- 1Y
- 14.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUDF.DE
- 1D
- 1.22%
- 1M
- -3.90%
- YTD
- 2.51%
- 6M
- 5.21%
- 1Y
- -3.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFEN.DE vs. EUDF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 31.36% |
EUDF.DE WisdomTree Europe Defence UCITS ETF - EUR Acc | 2.51% | 18.55% |
Correlation
The correlation between DFEN.DE and EUDF.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025 | 0.79 |
The correlation between DFEN.DE and EUDF.DE has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.
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Return for Risk
DFEN.DE vs. EUDF.DE — Risk / Return Rank
DFEN.DE
EUDF.DE
DFEN.DE vs. EUDF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF A (DFEN.DE) and WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.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 | EUDF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.00 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | -0.17 | +0.92 |
| Martin ratioReturn relative to average drawdown | 1.81 | -0.39 | +2.20 |
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 | EUDF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | -0.12 | +0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.75 | 0.55 | +1.20 |
Drawdowns
DFEN.DE vs. EUDF.DE - Drawdown Comparison
The maximum DFEN.DE drawdown since its inception was -18.60%, roughly equal to the maximum EUDF.DE drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for DFEN.DE and EUDF.DE.
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Drawdown Indicators
| DFEN.DE | EUDF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.60% | -19.51% | +0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -18.60% | -19.51% | +0.91% |
Current DrawdownCurrent decline from peak | -15.21% | -14.05% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -6.55% | +3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.72% | 8.29% | -0.57% |
Volatility
DFEN.DE vs. EUDF.DE - Volatility Comparison
The current volatility for VanEck Defense UCITS ETF A (DFEN.DE) is 7.38%, while WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.DE) has a volatility of 9.95%. This indicates that DFEN.DE experiences smaller price fluctuations and is considered to be less risky than EUDF.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 | EUDF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 9.95% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 19.16% | 22.54% | -3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.79% | 29.15% | -4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 30.89% | -9.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 30.89% | -9.42% |
DFEN.DE vs. EUDF.DE - Expense Ratio Comparison
DFEN.DE has a 0.55% expense ratio, which is higher than EUDF.DE's 0.40% expense ratio.
Dividends
DFEN.DE vs. EUDF.DE - Dividend Comparison
Neither DFEN.DE nor EUDF.DE has paid dividends to shareholders.
Frequently Asked Questions
DFEN.DE and EUDF.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUDF.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUDF.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 EUDF.DE tracks WisdomTree Europe Defence UCITS Index (NTR). They also come from different issuers: VanEck and WisdomTree. Their fees differ too: 0.55% for DFEN.DE and 0.40% for EUDF.DE.
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