DFEN.DE vs. HRTG
DFEN.DE (VanEck Defense UCITS ETF A) is Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index, while HRTG (Heritage Insurance Holdings, Inc.) is a stock. Over the past 3 years, DFEN.DE returned 37.43%/yr vs 67.07%/yr for HRTG. At a 0.08 correlation, their price movements are largely independent.
Performance
DFEN.DE vs. HRTG - Performance Comparison
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Different Trading Currencies
DFEN.DE is traded in EUR, while HRTG is traded in USD. To make them comparable, the HRTG 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 higher than HRTG's -22.09% return.
DFEN.DE
- 1D
- 0.60%
- 1M
- 2.28%
- YTD
- 3.04%
- 6M
- 4.46%
- 1Y
- 14.07%
- 3Y*
- 37.43%
- 5Y*
- —
- 10Y*
- —
HRTG
- 1D
- 0.66%
- 1M
- 3.24%
- YTD
- -22.09%
- 6M
- -21.66%
- 1Y
- -5.82%
- 3Y*
- 67.07%
- 5Y*
- 23.13%
- 10Y*
- 7.15%
DFEN.DE vs. HRTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 3.04% | 50.76% | 51.97% | 22.65% |
HRTG Heritage Insurance Holdings, Inc. | -22.09% | 113.12% | 97.83% | 118.65% |
Correlation
The correlation between DFEN.DE and HRTG is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023 | 0.08 |
The correlation between DFEN.DE and HRTG shifts across timeframes, from -0.03 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DFEN.DE vs. HRTG — Risk / Return Rank
DFEN.DE
HRTG
DFEN.DE vs. HRTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF A (DFEN.DE) and Heritage Insurance Holdings, Inc. (HRTG). 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 | HRTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.03 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | -0.18 | +0.92 |
| Martin ratioReturn relative to average drawdown | 1.72 | -0.39 | +2.11 |
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Drawdowns
DFEN.DE vs. HRTG - Drawdown Comparison
The maximum DFEN.DE drawdown since its inception was -18.88%, smaller than the maximum HRTG drawdown of -93.91%. Use the drawdown chart below to compare losses from any high point for DFEN.DE and HRTG.
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Drawdown Indicators
| DFEN.DE | HRTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.88% | -93.91% | +75.03% |
Max Drawdown (1Y)Largest decline over 1 year | -18.88% | -32.82% | +13.94% |
Max Drawdown (3Y)Largest decline over 3 years | -18.88% | -43.63% | +24.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.64% | — |
Current DrawdownCurrent decline from peak | -16.01% | -27.58% | +11.57% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -47.97% | +44.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.15% | 14.93% | -6.78% |
Volatility
DFEN.DE vs. HRTG - Volatility Comparison
The current volatility for VanEck Defense UCITS ETF A (DFEN.DE) is 7.34%, while Heritage Insurance Holdings, Inc. (HRTG) has a volatility of 10.44%. This indicates that DFEN.DE experiences smaller price fluctuations and is considered to be less risky than HRTG 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 | HRTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.34% | 10.44% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 19.34% | 38.47% | -19.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.01% | 57.40% | -32.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.22% | 70.98% | -49.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.22% | 58.04% | -36.82% |
Dividends
DFEN.DE vs. HRTG - Dividend Comparison
Neither DFEN.DE nor HRTG has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HRTG Heritage Insurance Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 6.67% | 4.08% | 2.37% | 1.81% | 1.63% | 1.33% | 1.47% | 0.23% |
Frequently Asked Questions
DFEN.DE and HRTG have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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