DFEN.DE vs. VVMX.DE
DFEN.DE (VanEck Defense UCITS ETF A) and VVMX.DE (VanEck Rare Earth and Strategic Metals UCITS ETF A) are both exchange-traded funds - DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index, while VVMX.DE is a Commodity Producers Equities fund tracking the MVIS Global Rare Earth/Strategic Metals. Both are passively managed. Over the past year, DFEN.DE returned 14.03% vs 155.75% for VVMX.DE. At a 0.28 correlation, their price movements are largely independent. DFEN.DE charges 0.55%/yr vs 0.59%/yr for VVMX.DE.
Performance
DFEN.DE vs. VVMX.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 VVMX.DE's 30.24% return.
DFEN.DE
- 1D
- 0.30%
- 1M
- -3.33%
- YTD
- 4.02%
- 6M
- 6.91%
- 1Y
- 14.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VVMX.DE
- 1D
- -1.82%
- 1M
- -6.33%
- YTD
- 30.24%
- 6M
- 39.84%
- 1Y
- 155.75%
- 3Y*
- 3.35%
- 5Y*
- —
- 10Y*
- —
DFEN.DE vs. VVMX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 50.76% | 51.97% | 8.67% |
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 30.24% | 68.45% | -30.81% | -28.40% |
Correlation
The correlation between DFEN.DE and VVMX.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.28 |
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Return for Risk
DFEN.DE vs. VVMX.DE — Risk / Return Rank
DFEN.DE
VVMX.DE
DFEN.DE vs. VVMX.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 Rare Earth and Strategic Metals UCITS ETF A (VVMX.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 | VVMX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.44 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 7.59 | -6.84 |
| Martin ratioReturn relative to average drawdown | 1.81 | 19.66 | -17.85 |
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 | VVMX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 3.36 | -2.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.75 | 0.02 | +1.74 |
Drawdowns
DFEN.DE vs. VVMX.DE - Drawdown Comparison
The maximum DFEN.DE drawdown since its inception was -18.60%, smaller than the maximum VVMX.DE drawdown of -73.26%. Use the drawdown chart below to compare losses from any high point for DFEN.DE and VVMX.DE.
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Drawdown Indicators
| DFEN.DE | VVMX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.60% | -73.26% | +54.66% |
Max Drawdown (1Y)Largest decline over 1 year | -18.60% | -20.40% | +1.80% |
Max Drawdown (3Y)Largest decline over 3 years | — | -61.55% | — |
Current DrawdownCurrent decline from peak | -15.21% | -25.51% | +10.30% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -41.23% | +37.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.72% | 7.89% | -0.17% |
Volatility
DFEN.DE vs. VVMX.DE - Volatility Comparison
The current volatility for VanEck Defense UCITS ETF A (DFEN.DE) is 7.38%, while VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) has a volatility of 12.59%. This indicates that DFEN.DE experiences smaller price fluctuations and is considered to be less risky than VVMX.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 | VVMX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 12.59% | -5.21% |
Volatility (6M)Calculated over the trailing 6-month period | 19.16% | 32.22% | -13.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.79% | 46.13% | -21.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 36.38% | -14.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 36.38% | -14.91% |
DFEN.DE vs. VVMX.DE - Expense Ratio Comparison
DFEN.DE has a 0.55% expense ratio, which is lower than VVMX.DE's 0.59% expense ratio.
Dividends
DFEN.DE vs. VVMX.DE - Dividend Comparison
Neither DFEN.DE nor VVMX.DE has paid dividends to shareholders.
Frequently Asked Questions
DFEN.DE and VVMX.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DFEN.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DFEN.DE is cheaper with a 0.55% expense ratio, compared with 0.59% for VVMX.DE.
DFEN.DE is categorized as Aerospace & Defense, while VVMX.DE is Commodity Producers Equities. DFEN.DE tracks MarketVector Global Defense Industry Index, while VVMX.DE tracks MVIS Global Rare Earth/Strategic Metals. Their fees differ too: 0.55% for DFEN.DE and 0.59% for VVMX.DE.
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