DFEN.DE vs. SPYG
Compare and contrast key facts about VanEck Defense UCITS ETF A (DFEN.DE) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG).
DFEN.DE and SPYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFEN.DE is a passively managed fund by VanEck that tracks the performance of the MarketVector Global Defense Industry. It was launched on Mar 31, 2023. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000. Both DFEN.DE and SPYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DFEN.DE vs. SPYG - Performance Comparison
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DFEN.DE vs. SPYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 15.72% | 50.76% | 51.97% | 8.67% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | -5.17% | 7.60% | 44.97% | 7.56% |
Different Trading Currencies
DFEN.DE is traded in EUR, while SPYG is traded in USD. To make them comparable, the SPYG 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 15.72% return, which is significantly higher than SPYG's -5.47% return.
DFEN.DE
- 1D
- 1.26%
- 1M
- -2.95%
- YTD
- 15.72%
- 6M
- 7.12%
- 1Y
- 46.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYG
- 1D
- 0.00%
- 1M
- -2.93%
- YTD
- -5.47%
- 6M
- -4.14%
- 1Y
- 14.41%
- 3Y*
- 19.72%
- 5Y*
- 12.93%
- 10Y*
- 15.76%
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DFEN.DE vs. SPYG - Expense Ratio Comparison
DFEN.DE has a 0.55% expense ratio, which is higher than SPYG's 0.04% expense ratio.
Return for Risk
DFEN.DE vs. SPYG — Risk / Return Rank
DFEN.DE
SPYG
DFEN.DE vs. SPYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF A (DFEN.DE) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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 | SPYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.74 | 0.59 | +1.15 |
Sortino ratioReturn per unit of downside risk | 2.42 | 0.98 | +1.44 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.14 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 3.39 | 1.05 | +2.33 |
Martin ratioReturn relative to average drawdown | 8.45 | 3.50 | +4.95 |
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 | SPYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 0.59 | +1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.14 | 0.63 | +1.50 |
Correlation
The correlation between DFEN.DE and SPYG is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DFEN.DE vs. SPYG - Dividend Comparison
DFEN.DE has not paid dividends to shareholders, while SPYG's dividend yield for the trailing twelve months is around 0.57%.
| 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% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.57% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Drawdowns
DFEN.DE vs. SPYG - Drawdown Comparison
The maximum DFEN.DE drawdown since its inception was -14.00%, smaller than the maximum SPYG drawdown of -45.81%. Use the drawdown chart below to compare losses from any high point for DFEN.DE and SPYG.
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Drawdown Indicators
| DFEN.DE | SPYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.00% | -67.63% | +53.63% |
Max Drawdown (1Y)Largest decline over 1 year | -14.00% | -13.76% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.67% | — |
Current DrawdownCurrent decline from peak | -5.68% | -9.00% | +3.32% |
Average DrawdownAverage peak-to-trough decline | -2.72% | -24.48% | +21.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.62% | 3.59% | +2.03% |
Volatility
DFEN.DE vs. SPYG - Volatility Comparison
VanEck Defense UCITS ETF A (DFEN.DE) has a higher volatility of 9.46% compared to State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) at 6.27%. This indicates that DFEN.DE's price experiences larger fluctuations and is considered to be riskier than SPYG 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 | SPYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.46% | 6.27% | +3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 19.80% | 13.04% | +6.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.28% | 24.53% | +1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.39% | 20.87% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.39% | 21.01% | +0.38% |