DFEN.DE vs. IEFV.L
DFEN.DE (VanEck Defense UCITS ETF A) and IEFV.L (iShares Edge MSCI Europe Value Factor UCITS ETF) are both exchange-traded funds - DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index, while IEFV.L is a Europe Equities fund tracking the MSCI Europe Value NR EUR. Both are passively managed. Over the past 3 years, DFEN.DE returned 37.67%/yr vs 20.90%/yr for IEFV.L. At a 0.31 correlation, their price movements are largely independent. DFEN.DE charges 0.55%/yr vs 0.25%/yr for IEFV.L.
Performance
DFEN.DE vs. IEFV.L - Performance Comparison
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Different Trading Currencies
DFEN.DE is traded in EUR, while IEFV.L is traded in GBp. To make them comparable, the IEFV.L 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 IEFV.L's 12.90% return.
DFEN.DE
- 1D
- 0.53%
- 1M
- -0.93%
- YTD
- 1.84%
- 6M
- 3.89%
- 1Y
- 10.60%
- 3Y*
- 37.67%
- 5Y*
- —
- 10Y*
- —
IEFV.L
- 1D
- -0.18%
- 1M
- 3.20%
- YTD
- 12.90%
- 6M
- 15.92%
- 1Y
- 30.43%
- 3Y*
- 20.90%
- 5Y*
- 14.23%
- 10Y*
- 11.00%
DFEN.DE vs. IEFV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 1.84% | 50.76% | 51.97% | 22.65% |
IEFV.L iShares Edge MSCI Europe Value Factor UCITS ETF | 12.90% | 34.79% | 10.49% | 6.58% |
Correlation
The correlation between DFEN.DE and IEFV.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023 | 0.31 |
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Return for Risk
DFEN.DE vs. IEFV.L — Risk / Return Rank
DFEN.DE
IEFV.L
DFEN.DE vs. IEFV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF A (DFEN.DE) and iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L). 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 | IEFV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.41 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 3.08 | -2.46 |
| Martin ratioReturn relative to average drawdown | 1.46 | 11.39 | -9.93 |
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 | IEFV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 2.23 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.82 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.84 | 0.46 | +1.38 |
Drawdowns
DFEN.DE vs. IEFV.L - Drawdown Comparison
The maximum DFEN.DE drawdown since its inception was -18.60%, smaller than the maximum IEFV.L drawdown of -40.78%. Use the drawdown chart below to compare losses from any high point for DFEN.DE and IEFV.L.
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Drawdown Indicators
| DFEN.DE | IEFV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.60% | -40.78% | +22.18% |
Max Drawdown (1Y)Largest decline over 1 year | -18.60% | -9.82% | -8.78% |
Max Drawdown (3Y)Largest decline over 3 years | -18.60% | -16.66% | -1.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.78% | — |
Current DrawdownCurrent decline from peak | -16.99% | -1.51% | -15.48% |
Average DrawdownAverage peak-to-trough decline | -3.20% | -7.72% | +4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.93% | 2.66% | +5.27% |
Volatility
DFEN.DE vs. IEFV.L - Volatility Comparison
VanEck Defense UCITS ETF A (DFEN.DE) has a higher volatility of 7.01% compared to iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) at 3.74%. This indicates that DFEN.DE's price experiences larger fluctuations and is considered to be riskier than IEFV.L 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 | IEFV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 3.74% | +3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 19.21% | 10.80% | +8.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.92% | 13.63% | +11.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.20% | 17.45% | +3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.20% | 18.51% | +2.69% |
DFEN.DE vs. IEFV.L - Expense Ratio Comparison
DFEN.DE has a 0.55% expense ratio, which is higher than IEFV.L's 0.25% expense ratio.
Dividends
DFEN.DE vs. IEFV.L - Dividend Comparison
Neither DFEN.DE nor IEFV.L has paid dividends to shareholders.
Frequently Asked Questions
DFEN.DE and IEFV.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEFV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEFV.L is cheaper with a 0.25% expense ratio, compared with 0.55% for DFEN.DE.
DFEN.DE is categorized as Aerospace & Defense, while IEFV.L is Europe Equities. DFEN.DE tracks MarketVector Global Defense Industry Index, while IEFV.L tracks MSCI Europe Value NR EUR. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.55% for DFEN.DE and 0.25% for IEFV.L.
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