DFEN.DE vs. V0IH.DE
DFEN.DE (VanEck Defense UCITS ETF A) and V0IH.DE (VanEck Oil Services UCITS ETF A) are both exchange-traded funds - DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index, while V0IH.DE is a Energy Equities fund tracking the MarketVector US Listed Oil Services 10% Capped. Both are passively managed. Over the past 3 years, DFEN.DE returned 34.17%/yr vs 13.69%/yr for V0IH.DE. At a 0.25 correlation, their price movements are largely independent. DFEN.DE charges 0.55%/yr vs 0.35%/yr for V0IH.DE.
Performance
DFEN.DE vs. V0IH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DFEN.DE achieves a -6.01% return, which is significantly lower than V0IH.DE's 38.88% return.
DFEN.DE
- 1D
- -0.14%
- 1M
- -10.91%
- YTD
- -6.01%
- 6M
- -6.83%
- 1Y
- 1.74%
- 3Y*
- 34.17%
- 5Y*
- —
- 10Y*
- —
V0IH.DE
- 1D
- 0.00%
- 1M
- -8.30%
- YTD
- 38.88%
- 6M
- 40.84%
- 1Y
- 74.37%
- 3Y*
- 13.69%
- 5Y*
- —
- 10Y*
- —
DFEN.DE vs. V0IH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | -6.01% | 50.76% | 51.97% | 22.65% |
V0IH.DE VanEck Oil Services UCITS ETF A | 38.88% | -0.77% | -6.42% | 2.80% |
Correlation
The correlation between DFEN.DE and V0IH.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023 | 0.25 |
The correlation between DFEN.DE and V0IH.DE shifts across timeframes, from 0.13 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DFEN.DE vs. V0IH.DE — Risk / Return Rank
DFEN.DE
V0IH.DE
DFEN.DE vs. V0IH.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 Oil Services UCITS ETF A (V0IH.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.
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 | V0IH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -2.81 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.38 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 4.65 | -4.58 |
| Martin ratioReturn relative to average drawdown | 0.19 | 16.61 | -16.42 |
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Drawdowns
DFEN.DE vs. V0IH.DE - Drawdown Comparison
The maximum DFEN.DE drawdown since its inception was -23.39%, smaller than the maximum V0IH.DE drawdown of -44.39%. Use the drawdown chart below to compare losses from any high point for DFEN.DE and V0IH.DE.
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Drawdown Indicators
| DFEN.DE | V0IH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.39% | -44.39% | +21.00% |
Max Drawdown (1Y)Largest decline over 1 year | -23.39% | -16.07% | -7.32% |
Max Drawdown (3Y)Largest decline over 3 years | -23.39% | -44.39% | +21.00% |
Current DrawdownCurrent decline from peak | -23.39% | -14.11% | -9.28% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -15.66% | +12.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.04% | 4.49% | +4.55% |
Volatility
DFEN.DE vs. V0IH.DE - Volatility Comparison
The current volatility for VanEck Defense UCITS ETF A (DFEN.DE) is 6.28%, while VanEck Oil Services UCITS ETF A (V0IH.DE) has a volatility of 9.75%. This indicates that DFEN.DE experiences smaller price fluctuations and is considered to be less risky than V0IH.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 | V0IH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 9.75% | -3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 19.79% | 21.44% | -1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.30% | 29.62% | -4.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.31% | 30.56% | -9.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.31% | 30.56% | -9.25% |
DFEN.DE vs. V0IH.DE - Expense Ratio Comparison
DFEN.DE has a 0.55% expense ratio, which is higher than V0IH.DE's 0.35% expense ratio.
Dividends
DFEN.DE vs. V0IH.DE - Dividend Comparison
Neither DFEN.DE nor V0IH.DE has paid dividends to shareholders.
Frequently Asked Questions
DFEN.DE and V0IH.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V0IH.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V0IH.DE is cheaper with a 0.35% expense ratio, compared with 0.55% for DFEN.DE.
DFEN.DE is categorized as Aerospace & Defense, while V0IH.DE is Energy Equities. DFEN.DE tracks MarketVector Global Defense Industry Index, while V0IH.DE tracks MarketVector US Listed Oil Services 10% Capped. Their fees differ too: 0.55% for DFEN.DE and 0.35% for V0IH.DE.
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