DFEU.L vs. VWCG.DE
DFEU.L (iShares Europe Defence UCITS ETF EUR Accumulating) and VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) are both exchange-traded funds - DFEU.L is a Aerospace & Defense fund tracking the STOXX Europe Targeted Defence Index, while VWCG.DE is a Europe Equities fund tracking the FTSE Developed Europe. Both are passively managed. At a 0.37 correlation, their price movements are largely independent. DFEU.L charges 0.35%/yr vs 0.10%/yr for VWCG.DE.
Performance
DFEU.L vs. VWCG.DE - Performance Comparison
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Different Trading Currencies
DFEU.L is traded in GBP, while VWCG.DE is traded in EUR. To make them comparable, the VWCG.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, DFEU.L achieves a 3.58% return, which is significantly lower than VWCG.DE's 7.79% return.
DFEU.L
- 1D
- 0.00%
- 1M
- 4.74%
- YTD
- 3.58%
- 6M
- 4.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VWCG.DE
- 1D
- 1.87%
- 1M
- 2.21%
- YTD
- 7.79%
- 6M
- 9.83%
- 1Y
- 21.06%
- 3Y*
- 14.64%
- 5Y*
- 10.14%
- 10Y*
- —
DFEU.L vs. VWCG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFEU.L iShares Europe Defence UCITS ETF EUR Accumulating | 3.58% | -14.38% |
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 7.79% | 11.60% |
Correlation
The correlation between DFEU.L and VWCG.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025 | 0.37 |
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Return for Risk
DFEU.L vs. VWCG.DE — Risk / Return Rank
DFEU.L
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VWCG.DE
DFEU.L vs. VWCG.DE - 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 Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.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.
| DFEU.L | VWCG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.91 | — |
| Martin ratioReturn relative to average drawdown | — | 6.95 | — |
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Drawdowns
DFEU.L vs. VWCG.DE - Drawdown Comparison
The maximum DFEU.L drawdown since its inception was -23.78%, smaller than the maximum VWCG.DE drawdown of -28.16%. Use the drawdown chart below to compare losses from any high point for DFEU.L and VWCG.DE.
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Drawdown Indicators
| DFEU.L | VWCG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.78% | -28.16% | +4.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.53% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.27% | — |
Current DrawdownCurrent decline from peak | -14.72% | 0.00% | -14.72% |
Average DrawdownAverage peak-to-trough decline | -11.47% | -4.12% | -7.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.89% | — |
Volatility
DFEU.L vs. VWCG.DE - Volatility Comparison
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Volatility by Period
| DFEU.L | VWCG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.96% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 38.83% | 12.68% | +26.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.83% | 14.18% | +24.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.83% | 16.37% | +22.46% |
DFEU.L vs. VWCG.DE - Expense Ratio Comparison
DFEU.L has a 0.35% expense ratio, which is higher than VWCG.DE's 0.10% expense ratio.
Dividends
DFEU.L vs. VWCG.DE - Dividend Comparison
Neither DFEU.L nor VWCG.DE has paid dividends to shareholders.
Frequently Asked Questions
DFEU.L and VWCG.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCG.DE is cheaper with a 0.10% expense ratio, compared with 0.35% for DFEU.L.
DFEU.L is categorized as Aerospace & Defense, while VWCG.DE is Europe Equities. DFEU.L tracks STOXX Europe Targeted Defence Index, while VWCG.DE tracks FTSE Developed Europe. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.35% for DFEU.L and 0.10% for VWCG.DE.
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