DFNC.DE vs. 5J50.DE
DFNC.DE (iShares Europe Defence UCITS ETF EUR Acc) and 5J50.DE (iShares Global Aerospace & Defence UCITS ETF USD (Acc)) are both Aerospace & Defense funds from iShares - DFNC.DE tracks the STOXX Europe Targeted Defence Index while 5J50.DE tracks the S&P Developed BMI Select Aerospace & Defense 35/20 Capped Index. Both are passively managed. Over the past year, DFNC.DE returned -2.92% vs 16.51% for 5J50.DE. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
DFNC.DE vs. 5J50.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DFNC.DE achieves a 3.52% return, which is significantly lower than 5J50.DE's 4.72% return.
DFNC.DE
- 1D
- 0.58%
- 1M
- -4.97%
- YTD
- 3.52%
- 6M
- 7.52%
- 1Y
- -2.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
5J50.DE
- 1D
- 0.60%
- 1M
- 2.49%
- YTD
- 4.72%
- 6M
- 9.57%
- 1Y
- 16.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFNC.DE vs. 5J50.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFNC.DE iShares Europe Defence UCITS ETF EUR Acc | 3.52% | -5.19% |
5J50.DE iShares Global Aerospace & Defence UCITS ETF USD (Acc) | 4.72% | 13.20% |
Correlation
The correlation between DFNC.DE and 5J50.DE is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 29, 2025 | 0.76 |
The correlation between DFNC.DE and 5J50.DE has been stable across timeframes, ranging from 0.76 to 0.76 - a consistent structural relationship.
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Return for Risk
DFNC.DE vs. 5J50.DE — Risk / Return Rank
DFNC.DE
5J50.DE
DFNC.DE vs. 5J50.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Europe Defence UCITS ETF EUR Acc (DFNC.DE) and iShares Global Aerospace & Defence UCITS ETF USD (Acc) (5J50.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.
| DFNC.DE | 5J50.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.16 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 1.21 | -1.36 |
| Martin ratioReturn relative to average drawdown | -0.31 | 3.05 | -3.37 |
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
| DFNC.DE | 5J50.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | 0.85 | -0.94 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 1.76 | -1.82 |
Drawdowns
DFNC.DE vs. 5J50.DE - Drawdown Comparison
The maximum DFNC.DE drawdown since its inception was -20.23%, which is greater than 5J50.DE's maximum drawdown of -13.56%. Use the drawdown chart below to compare losses from any high point for DFNC.DE and 5J50.DE.
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Drawdown Indicators
| DFNC.DE | 5J50.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.23% | -13.56% | -6.67% |
Max Drawdown (1Y)Largest decline over 1 year | -20.23% | -13.56% | -6.67% |
Current DrawdownCurrent decline from peak | -14.59% | -9.03% | -5.56% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -3.60% | -4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.85% | 5.39% | +3.46% |
Volatility
DFNC.DE vs. 5J50.DE - Volatility Comparison
iShares Europe Defence UCITS ETF EUR Acc (DFNC.DE) has a higher volatility of 10.02% compared to iShares Global Aerospace & Defence UCITS ETF USD (Acc) (5J50.DE) at 5.85%. This indicates that DFNC.DE's price experiences larger fluctuations and is considered to be riskier than 5J50.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFNC.DE | 5J50.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 5.85% | +4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 23.33% | 15.67% | +7.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.27% | 19.44% | +10.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.11% | 19.31% | +10.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.11% | 19.31% | +10.80% |
DFNC.DE vs. 5J50.DE - Expense Ratio Comparison
Both DFNC.DE and 5J50.DE have an expense ratio of 0.35%.
Dividends
DFNC.DE vs. 5J50.DE - Dividend Comparison
Neither DFNC.DE nor 5J50.DE has paid dividends to shareholders.
Frequently Asked Questions
DFNC.DE and 5J50.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DFNC.DE and 5J50.DE have the same expense ratio: 0.35% per year.
DFNC.DE tracks STOXX Europe Targeted Defence Index, while 5J50.DE tracks S&P Developed BMI Select Aerospace & Defense 35/20 Capped Index.
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