DFEN.DE vs. JEDI.DE
DFEN.DE (VanEck Defense UCITS ETF A) and JEDI.DE (VanEck Space Innovators UCITS ETF) are both exchange-traded funds - DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index, while JEDI.DE is a Industrials Equities fund tracking the MVIS Global Space Industry ESG. Both are passively managed. Over the past year, DFEN.DE returned 14.03% vs 202.78% for JEDI.DE. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.55% expense ratio.
Performance
DFEN.DE vs. JEDI.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 lower than JEDI.DE's 76.99% return.
DFEN.DE
- 1D
- 0.30%
- 1M
- -3.33%
- YTD
- 4.02%
- 6M
- 6.91%
- 1Y
- 14.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEDI.DE
- 1D
- 1.31%
- 1M
- 22.20%
- YTD
- 76.99%
- 6M
- 97.67%
- 1Y
- 202.78%
- 3Y*
- 65.71%
- 5Y*
- —
- 10Y*
- —
DFEN.DE vs. JEDI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 50.76% | 51.97% | 8.67% |
JEDI.DE VanEck Space Innovators UCITS ETF | 76.99% | 72.15% | 52.14% | -1.35% |
Correlation
The correlation between DFEN.DE and JEDI.DE is 0.60, 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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.51 |
The correlation between DFEN.DE and JEDI.DE has been stable across timeframes, ranging from 0.51 to 0.60 - a consistent structural relationship.
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Return for Risk
DFEN.DE vs. JEDI.DE — Risk / Return Rank
DFEN.DE
JEDI.DE
DFEN.DE vs. JEDI.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 Space Innovators UCITS ETF (JEDI.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 | JEDI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.02 | ||
| Sortino ratioReturn per unit of downside risk | -3.53 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.56 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 8.56 | -7.81 |
| Martin ratioReturn relative to average drawdown | 1.81 | 28.05 | -26.24 |
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 | JEDI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 4.59 | -4.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.75 | 1.61 | +0.14 |
Drawdowns
DFEN.DE vs. JEDI.DE - Drawdown Comparison
The maximum DFEN.DE drawdown since its inception was -18.60%, smaller than the maximum JEDI.DE drawdown of -30.10%. Use the drawdown chart below to compare losses from any high point for DFEN.DE and JEDI.DE.
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Drawdown Indicators
| DFEN.DE | JEDI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.60% | -30.10% | +11.50% |
Max Drawdown (1Y)Largest decline over 1 year | -18.60% | -23.53% | +4.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.10% | — |
Current DrawdownCurrent decline from peak | -15.21% | -13.81% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -7.12% | +3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.72% | 7.20% | +0.52% |
Volatility
DFEN.DE vs. JEDI.DE - Volatility Comparison
The current volatility for VanEck Defense UCITS ETF A (DFEN.DE) is 7.38%, while VanEck Space Innovators UCITS ETF (JEDI.DE) has a volatility of 18.13%. This indicates that DFEN.DE experiences smaller price fluctuations and is considered to be less risky than JEDI.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 | JEDI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 18.13% | -10.75% |
Volatility (6M)Calculated over the trailing 6-month period | 19.16% | 34.16% | -15.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.79% | 43.91% | -19.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 32.38% | -10.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 32.38% | -10.91% |
DFEN.DE vs. JEDI.DE - Expense Ratio Comparison
Both DFEN.DE and JEDI.DE have an expense ratio of 0.55%.
Dividends
DFEN.DE vs. JEDI.DE - Dividend Comparison
Neither DFEN.DE nor JEDI.DE has paid dividends to shareholders.
Frequently Asked Questions
DFEN.DE and JEDI.DE have a correlation of 0.60, 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 JEDI.DE have the same expense ratio: 0.55% per year.
DFEN.DE is categorized as Aerospace & Defense, while JEDI.DE is Industrials Equities. DFEN.DE tracks MarketVector Global Defense Industry Index, while JEDI.DE tracks MVIS Global Space Industry ESG.
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