DFEN.DE vs. XHYA.DE
DFEN.DE (VanEck Defense UCITS ETF A) and XHYA.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF) are both exchange-traded funds - DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index, while XHYA.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield. Both are passively managed. Over the past 3 years, DFEN.DE returned 37.67%/yr vs 6.15%/yr for XHYA.DE. At a 0.27 correlation, their price movements are largely independent. DFEN.DE charges 0.55%/yr vs 0.20%/yr for XHYA.DE.
Performance
DFEN.DE vs. XHYA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DFEN.DE achieves a 1.84% return, which is significantly higher than XHYA.DE's 1.14% return.
DFEN.DE
- 1D
- 0.53%
- 1M
- -0.93%
- YTD
- 1.84%
- 6M
- 3.89%
- 1Y
- 10.60%
- 3Y*
- 37.67%
- 5Y*
- —
- 10Y*
- —
XHYA.DE
- 1D
- 0.22%
- 1M
- 0.47%
- YTD
- 1.14%
- 6M
- 1.52%
- 1Y
- 3.26%
- 3Y*
- 6.15%
- 5Y*
- 2.70%
- 10Y*
- —
DFEN.DE vs. XHYA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 1.84% | 50.76% | 51.97% | 22.65% |
XHYA.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF | 1.14% | 4.45% | 6.15% | 8.54% |
Correlation
The correlation between DFEN.DE and XHYA.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023 | 0.27 |
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Return for Risk
DFEN.DE vs. XHYA.DE — Risk / Return Rank
DFEN.DE
XHYA.DE
DFEN.DE vs. XHYA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF A (DFEN.DE) and Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.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 | XHYA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.17 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 1.15 | -0.53 |
| Martin ratioReturn relative to average drawdown | 1.46 | 4.71 | -3.24 |
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 | XHYA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 0.89 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.84 | 0.45 | +1.39 |
Drawdowns
DFEN.DE vs. XHYA.DE - Drawdown Comparison
The maximum DFEN.DE drawdown since its inception was -18.60%, smaller than the maximum XHYA.DE drawdown of -23.83%. Use the drawdown chart below to compare losses from any high point for DFEN.DE and XHYA.DE.
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Drawdown Indicators
| DFEN.DE | XHYA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.60% | -23.83% | +5.23% |
Max Drawdown (1Y)Largest decline over 1 year | -18.60% | -2.86% | -15.74% |
Max Drawdown (3Y)Largest decline over 3 years | -18.60% | -4.25% | -14.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.49% | — |
Current DrawdownCurrent decline from peak | -16.99% | -0.19% | -16.80% |
Average DrawdownAverage peak-to-trough decline | -3.20% | -2.52% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.93% | 0.70% | +7.23% |
Volatility
DFEN.DE vs. XHYA.DE - Volatility Comparison
VanEck Defense UCITS ETF A (DFEN.DE) has a higher volatility of 7.01% compared to Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.DE) at 1.09%. This indicates that DFEN.DE's price experiences larger fluctuations and is considered to be riskier than XHYA.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 | XHYA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 1.09% | +5.92% |
Volatility (6M)Calculated over the trailing 6-month period | 19.21% | 3.26% | +15.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.92% | 3.70% | +21.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.20% | 5.47% | +15.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.20% | 6.55% | +14.65% |
DFEN.DE vs. XHYA.DE - Expense Ratio Comparison
DFEN.DE has a 0.55% expense ratio, which is higher than XHYA.DE's 0.20% expense ratio.
Dividends
DFEN.DE vs. XHYA.DE - Dividend Comparison
Neither DFEN.DE nor XHYA.DE has paid dividends to shareholders.
Frequently Asked Questions
DFEN.DE and XHYA.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHYA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHYA.DE is cheaper with a 0.20% expense ratio, compared with 0.55% for DFEN.DE.
DFEN.DE is categorized as Aerospace & Defense, while XHYA.DE is European High Yield Bonds. DFEN.DE tracks MarketVector Global Defense Industry Index, while XHYA.DE tracks iBoxx® EUR Liquid High Yield. They also come from different issuers: VanEck and Xtrackers. Their fees differ too: 0.55% for DFEN.DE and 0.20% for XHYA.DE.
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