DFNC.DE vs. DFND.AS

Last updated Jun 5, 2026

DFNC.DE (iShares Europe Defence UCITS ETF EUR Acc) and DFND.AS (iShares Global Aerospace & Defence UCITS ETF) are both exchange-traded funds - DFNC.DE 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

DFNC.DE vs. DFND.AS - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

DFNC.DE

• 1D: 0.58%
• 1M: -4.97%
• YTD: 3.52%
• 6M: 7.52%
• 1Y: -2.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFND.AS

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

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

DFNC.DE vs. DFND.AS - Yearly Performance Comparison

	2026 (YTD)	2025
DFNC.DE iShares Europe Defence UCITS ETF EUR Acc	3.52%	-5.19%
DFND.AS iShares Global Aerospace & Defence UCITS ETF	0.00%	0.00%

Return for Risk

DFNC.DE vs. DFND.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFNC.DE

DFNC.DE Risk / Return Rank: 8
DFNC.DE Sharpe Ratio Rank: 8
DFNC.DE Sortino Ratio Rank: 8
DFNC.DE Omega Ratio Rank: 8
DFNC.DE Calmar Ratio Rank: 8
DFNC.DE Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFNC.DE vs. DFND.AS - 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 (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.

	DFNC.DE	DFND.AS	Difference
Sharpe ratio: Return per unit of total volatility	-0.10	—	—
Sortino ratio: Return per unit of downside risk	0.07	—	—
Omega ratio: Gain probability vs. loss probability	1.01	—	—
Calmar ratio: Return relative to maximum drawdown	-0.14	—	—
Martin ratio: Return relative to average drawdown	-0.31	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DFNC.DE	DFND.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	—	—

Drawdowns

Drawdown Indicators

	DFNC.DE	DFND.AS	Difference
Max Drawdown Largest peak-to-trough decline	-20.23%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-20.23%	—	—
Current Drawdown Current decline from peak	-14.59%	—	—
Average Drawdown Average peak-to-trough decline	-7.72%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	8.85%	—	—

Volatility

Volatility by Period

	DFNC.DE	DFND.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.27%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.11%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.11%	—	—

DFNC.DE vs. DFND.AS - Expense Ratio Comparison

Both DFNC.DE and DFND.AS have an expense ratio of 0.35%.

Dividends

DFNC.DE vs. DFND.AS - Dividend Comparison

Neither DFNC.DE nor DFND.AS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, DFNC.DE 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, DFNC.DE or DFND.AS?

DFNC.DE and DFND.AS have the same expense ratio: 0.35% per year.

What is the main difference between DFNC.DE and DFND.AS?

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