DFEU.L vs. DFND.AS

Last updated Jun 4, 2026

DFEU.L (iShares Europe Defence UCITS ETF EUR Accumulating) and DFND.AS (iShares Global Aerospace & Defence UCITS ETF) are both exchange-traded funds - DFEU.L is a Aerospace & Defense fund tracking the STOXX Europe Targeted Defence Index, while DFND.AS is a Industrials Equities fund tracking the S&P Developed BMI Select Aerospace & Defense 35/20 Capped Index NR. Both are passively managed. Both charge a 0.35% expense ratio.

Performance

DFEU.L vs. DFND.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Europe Defence UCITS ETF EUR Accumulating (DFEU.L) and iShares Global Aerospace & Defence UCITS ETF (DFND.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DFEU.L is traded in GBP, while DFND.AS is traded in USD. To make them comparable, the DFND.AS values have been converted to GBP using the latest available exchange rates.

Returns By Period

DFEU.L

• 1D: -1.29%
• 1M: -3.91%
• YTD: 1.23%
• 6M: 7.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFND.AS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFEU.L vs. DFND.AS - Yearly Performance Comparison

	2026 (YTD)	2025
DFEU.L iShares Europe Defence UCITS ETF EUR Accumulating	1.23%	-14.38%
DFND.AS iShares Global Aerospace & Defence UCITS ETF	0.00%	0.00%

Return for Risk

DFEU.L vs. DFND.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Europe Defence UCITS ETF EUR Accumulating (DFEU.L) and iShares Global Aerospace & Defence UCITS ETF (DFND.AS). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DFEU.L	DFND.AS	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	—	—

Drawdowns

Drawdown Indicators

	DFEU.L	DFND.AS	Difference
Max Drawdown Largest peak-to-trough decline	-20.99%	—	—
Current Drawdown Current decline from peak	-15.78%	—	—
Average Drawdown Average peak-to-trough decline	-10.14%	—	—

Volatility

Volatility by Period

	DFEU.L	DFND.AS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	32.69%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.69%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.69%	—	—

DFEU.L vs. DFND.AS - Expense Ratio Comparison

Both DFEU.L and DFND.AS have an expense ratio of 0.35%.

Dividends

DFEU.L vs. DFND.AS - Dividend Comparison

Neither DFEU.L nor DFND.AS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, DFEU.L or DFND.AS?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFEU.L or DFND.AS?

DFEU.L and DFND.AS have the same expense ratio: 0.35% per year.

What is the main difference between DFEU.L and DFND.AS?

DFEU.L is categorized as Aerospace & Defense, while DFND.AS is Industrials Equities. DFEU.L tracks STOXX Europe Targeted Defence Index, while DFND.AS tracks S&P Developed BMI Select Aerospace & Defense 35/20 Capped Index NR.