DFEN.DE vs. PM
DFEN.DE (VanEck Defense UCITS ETF A) is Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index, while PM (Philip Morris International Inc.) is a stock. Over the past 3 years, DFEN.DE returned 37.43%/yr vs 28.17%/yr for PM. At a 0.04 correlation, their price movements are largely independent.
Performance
DFEN.DE vs. PM - Performance Comparison
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Different Trading Currencies
DFEN.DE is traded in EUR, while PM is traded in USD. To make them comparable, the PM 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 lower than PM's 17.71% return.
DFEN.DE
- 1D
- 0.60%
- 1M
- 2.28%
- YTD
- 3.04%
- 6M
- 4.46%
- 1Y
- 14.07%
- 3Y*
- 37.43%
- 5Y*
- —
- 10Y*
- —
PM
- 1D
- 2.04%
- 1M
- -0.68%
- YTD
- 17.71%
- 6M
- 23.93%
- 1Y
- 3.84%
- 3Y*
- 28.17%
- 5Y*
- 19.87%
- 10Y*
- 11.36%
DFEN.DE vs. PM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 3.04% | 50.76% | 51.97% | 22.65% |
PM Philip Morris International Inc. | 17.71% | 21.61% | 43.20% | -0.25% |
Correlation
The correlation between DFEN.DE and PM is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023 | 0.04 |
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Return for Risk
DFEN.DE vs. PM — Risk / Return Rank
DFEN.DE
PM
DFEN.DE vs. PM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF A (DFEN.DE) and Philip Morris International Inc. (PM). 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 | PM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.05 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 0.19 | +0.56 |
| Martin ratioReturn relative to average drawdown | 1.72 | 0.35 | +1.37 |
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Drawdowns
DFEN.DE vs. PM - Drawdown Comparison
The maximum DFEN.DE drawdown since its inception was -18.88%, smaller than the maximum PM drawdown of -42.94%. Use the drawdown chart below to compare losses from any high point for DFEN.DE and PM.
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Drawdown Indicators
| DFEN.DE | PM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.88% | -42.94% | +24.06% |
Max Drawdown (1Y)Largest decline over 1 year | -18.88% | -20.65% | +1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -18.88% | -20.91% | +2.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.94% | — |
Current DrawdownCurrent decline from peak | -16.01% | -3.47% | -12.54% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -10.41% | +7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.15% | 10.95% | -2.80% |
Volatility
DFEN.DE vs. PM - Volatility Comparison
The current volatility for VanEck Defense UCITS ETF A (DFEN.DE) is 7.34%, while Philip Morris International Inc. (PM) has a volatility of 8.40%. This indicates that DFEN.DE experiences smaller price fluctuations and is considered to be less risky than PM 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 | PM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.34% | 8.40% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 19.34% | 21.61% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.01% | 28.53% | -3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.22% | 22.42% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.22% | 24.63% | -3.41% |
Dividends
DFEN.DE vs. PM - Dividend Comparison
DFEN.DE has not paid dividends to shareholders, while PM's dividend yield for the trailing twelve months is around 3.13%.
| 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% |
PM Philip Morris International Inc. | 3.13% | 3.52% | 4.40% | 5.46% | 4.98% | 5.16% | 5.73% | 5.43% | 6.73% | 3.99% | 4.50% | 4.60% |
Frequently Asked Questions
DFEN.DE and PM have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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