DFNC.DE vs. ESIF.DE
DFNC.DE (iShares Europe Defence UCITS ETF EUR Acc) and ESIF.DE (iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc)) are both exchange-traded funds - DFNC.DE is a Aerospace & Defense fund tracking the STOXX Europe Targeted Defence Index, while ESIF.DE is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past year, DFNC.DE returned -2.92% vs 22.51% for ESIF.DE. At a 0.33 correlation, their price movements are largely independent. DFNC.DE charges 0.35%/yr vs 0.18%/yr for ESIF.DE.
Performance
DFNC.DE vs. ESIF.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 ESIF.DE's 3.87% return.
DFNC.DE
- 1D
- 0.58%
- 1M
- -4.97%
- YTD
- 3.52%
- 6M
- 7.52%
- 1Y
- -2.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESIF.DE
- 1D
- 0.61%
- 1M
- 3.50%
- YTD
- 3.87%
- 6M
- 10.14%
- 1Y
- 22.51%
- 3Y*
- 28.94%
- 5Y*
- 19.48%
- 10Y*
- —
DFNC.DE vs. ESIF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFNC.DE iShares Europe Defence UCITS ETF EUR Acc | 3.52% | -5.19% |
ESIF.DE iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) | 3.87% | 18.71% |
Correlation
The correlation between DFNC.DE and ESIF.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since May 29, 2025 | 0.33 |
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Return for Risk
DFNC.DE vs. ESIF.DE — Risk / Return Rank
DFNC.DE
ESIF.DE
DFNC.DE vs. ESIF.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 MSCI Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.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 | ESIF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.22 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 1.81 | -1.95 |
| Martin ratioReturn relative to average drawdown | -0.31 | 6.04 | -6.35 |
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 | ESIF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | 1.25 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 1.16 | -1.23 |
Drawdowns
DFNC.DE vs. ESIF.DE - Drawdown Comparison
The maximum DFNC.DE drawdown since its inception was -20.23%, smaller than the maximum ESIF.DE drawdown of -22.93%. Use the drawdown chart below to compare losses from any high point for DFNC.DE and ESIF.DE.
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Drawdown Indicators
| DFNC.DE | ESIF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.23% | -22.93% | +2.70% |
Max Drawdown (1Y)Largest decline over 1 year | -20.23% | -12.38% | -7.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.93% | — |
Current DrawdownCurrent decline from peak | -14.59% | -2.65% | -11.94% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -4.14% | -3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.85% | 3.72% | +5.13% |
Volatility
DFNC.DE vs. ESIF.DE - Volatility Comparison
iShares Europe Defence UCITS ETF EUR Acc (DFNC.DE) has a higher volatility of 10.02% compared to iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.DE) at 5.37%. This indicates that DFNC.DE's price experiences larger fluctuations and is considered to be riskier than ESIF.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 | ESIF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 5.37% | +4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 23.33% | 14.59% | +8.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.27% | 17.99% | +12.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.11% | 18.96% | +11.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.11% | 18.84% | +11.27% |
DFNC.DE vs. ESIF.DE - Expense Ratio Comparison
DFNC.DE has a 0.35% expense ratio, which is higher than ESIF.DE's 0.18% expense ratio.
Dividends
DFNC.DE vs. ESIF.DE - Dividend Comparison
Neither DFNC.DE nor ESIF.DE has paid dividends to shareholders.
Frequently Asked Questions
DFNC.DE and ESIF.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIF.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIF.DE is cheaper with a 0.18% expense ratio, compared with 0.35% for DFNC.DE.
DFNC.DE is categorized as Aerospace & Defense, while ESIF.DE is Financials Equities. DFNC.DE tracks STOXX Europe Targeted Defence Index, while ESIF.DE tracks MSCI World/Financials NR USD. Their fees differ too: 0.35% for DFNC.DE and 0.18% for ESIF.DE.
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