DFEN.DE vs. IBDU
DFEN.DE (VanEck Defense UCITS ETF A) and IBDU (iShares iBonds Dec 2029 Term Corporate ETF) are both exchange-traded funds - DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index, while IBDU is a Corporate Bonds fund tracking the Bloomberg December 2029 Maturity Corporate Index. Both are passively managed. Over the past 3 years, DFEN.DE returned 37.67%/yr vs 3.37%/yr for IBDU. At a 0.11 correlation, their price movements are largely independent. DFEN.DE charges 0.55%/yr vs 0.10%/yr for IBDU.
Performance
DFEN.DE vs. IBDU - Performance Comparison
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Different Trading Currencies
DFEN.DE is traded in EUR, while IBDU is traded in USD. To make them comparable, the IBDU 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 1.84% return, which is significantly lower than IBDU's 2.26% return.
DFEN.DE
- 1D
- 0.53%
- 1M
- -0.93%
- YTD
- 1.84%
- 6M
- 3.89%
- 1Y
- 10.60%
- 3Y*
- 37.67%
- 5Y*
- —
- 10Y*
- —
IBDU
- 1D
- -0.07%
- 1M
- 1.95%
- YTD
- 2.26%
- 6M
- 1.91%
- 1Y
- 3.71%
- 3Y*
- 3.37%
- 5Y*
- 2.27%
- 10Y*
- —
DFEN.DE vs. IBDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 1.84% | 50.76% | 51.97% | 22.65% |
IBDU iShares iBonds Dec 2029 Term Corporate ETF | 2.26% | -5.17% | 10.46% | 2.83% |
Correlation
The correlation between DFEN.DE and IBDU is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023 | 0.11 |
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Return for Risk
DFEN.DE vs. IBDU — Risk / Return Rank
DFEN.DE
IBDU
DFEN.DE vs. IBDU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF A (DFEN.DE) and iShares iBonds Dec 2029 Term Corporate ETF (IBDU). 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 | IBDU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.12 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 1.05 | -0.43 |
| Martin ratioReturn relative to average drawdown | 1.46 | 2.95 | -1.49 |
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 | IBDU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 0.67 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.84 | 0.19 | +1.65 |
Drawdowns
DFEN.DE vs. IBDU - Drawdown Comparison
The maximum DFEN.DE drawdown since its inception was -18.60%, which is greater than IBDU's maximum drawdown of -15.73%. Use the drawdown chart below to compare losses from any high point for DFEN.DE and IBDU.
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Drawdown Indicators
| DFEN.DE | IBDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.60% | -15.73% | -2.87% |
Max Drawdown (1Y)Largest decline over 1 year | -18.60% | -3.54% | -15.06% |
Max Drawdown (3Y)Largest decline over 3 years | -18.60% | -10.07% | -8.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.69% | — |
Current DrawdownCurrent decline from peak | -16.99% | -4.63% | -12.36% |
Average DrawdownAverage peak-to-trough decline | -3.20% | -4.57% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.93% | 1.26% | +6.67% |
Volatility
DFEN.DE vs. IBDU - Volatility Comparison
VanEck Defense UCITS ETF A (DFEN.DE) has a higher volatility of 7.01% compared to iShares iBonds Dec 2029 Term Corporate ETF (IBDU) at 0.94%. This indicates that DFEN.DE's price experiences larger fluctuations and is considered to be riskier than IBDU 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 | IBDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 0.94% | +6.07% |
Volatility (6M)Calculated over the trailing 6-month period | 19.21% | 3.92% | +15.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.92% | 5.58% | +19.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.20% | 7.87% | +13.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.20% | 8.89% | +12.31% |
DFEN.DE vs. IBDU - Expense Ratio Comparison
DFEN.DE has a 0.55% expense ratio, which is higher than IBDU's 0.10% expense ratio.
Dividends
DFEN.DE vs. IBDU - Dividend Comparison
DFEN.DE has not paid dividends to shareholders, while IBDU's dividend yield for the trailing twelve months is around 4.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBDU iShares iBonds Dec 2029 Term Corporate ETF | 4.67% | 4.67% | 4.75% | 4.21% | 3.34% | 2.29% | 2.42% | 0.74% |
Frequently Asked Questions
DFEN.DE and IBDU have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBDU is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBDU is cheaper with a 0.10% expense ratio, compared with 0.55% for DFEN.DE.
DFEN.DE is categorized as Aerospace & Defense, while IBDU is Corporate Bonds. DFEN.DE tracks MarketVector Global Defense Industry Index, while IBDU tracks Bloomberg December 2029 Maturity Corporate Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.55% for DFEN.DE and 0.10% for IBDU.
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